Contemplating starting a business in Mayfield, Kentucky? We walk you through the process of opening a business in Mayfield.
Choosing the Right Company to Start
Choosing a business that is right for you is very important. You might get some good ideas about what kind of business to start by reading Free Business Ideas.
For in-depth how-to guides on how to start specific businesses, browse our Good Businesses to Start section of our site. For example, you might be interested in our How to Start a Children's & Infants' Accessories Business guide or our Starting a Water Well Drilling & Service Commercial & Industrial Business guide.
Remember that Mayfield is the place where you are starting a business. The business you want to start may already be well-represented in Mayfield. A critical consideration is whether Mayfield demographics mesh well with your startup concept.
Mayfield, Kentucky Demographic Information
Mayfield has an active business community that includes small businesses,
mid-sized businesses and large businesses.
To give you a better feel for Mayfield demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Mayfield.
| Business Size | # of
Businesses |
| 1-4 Employees |
5364 |
| 5-9 Employees |
2430 |
| 10-19 Employees |
1368 |
| 20-49 Employees |
1008 |
| 50-99 Employees |
198 |
| 100-249 Employees |
90 |
| 250-499 Employees |
54 |
| 500-999 Employees |
0 |
| 1000+ Employees |
0 |
| All Mayfield Businesses |
10512 |
As a new Mayfield entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Mayfield for each business category. By looking at this chart, you can get
a general sense for how much competition there is in the business niche that
you are pursuing.
| Business Type |
# of
Businesses |
| Animal (except Poultry) Slaughtering |
1 |
| Automotive Glass Replacement Shops |
1 |
| Automotive Parts and Accessories Stores |
9 |
| Automotive Transmission Repair |
1 |
| Beauty Salons |
2 |
| Book Publishers |
1 |
| Book Stores |
1 |
| Bowling Centers |
1 |
| Business Associations |
2 |
| Car Washes |
3 |
| Cemeteries and Crematories |
1 |
| Child Day Care Services |
10 |
| Civic and Social Organizations |
1 |
| Claims Adjusting |
1 |
| Commercial Flexographic Printing |
1 |
| Commercial Lithographic Printing |
1 |
| Community Food Services |
1 |
| Computer Systems Design Services |
2 |
| Construction Sand and Gravel Mining |
1 |
| Consumer Lending |
2 |
| Convenience Stores |
1 |
| Credit Unions |
1 |
| Document Preparation Services |
1 |
| Drive-In Motion Picture Theaters |
1 |
| Drywall and Insulation Contractors |
1 |
| Electric Power Distribution |
1 |
| Electrical Contractors |
7 |
| Electronic Shopping |
1 |
| Elementary and Secondary Schools |
1 |
| Emergency and Other Relief Services |
1 |
| Engineering Services |
1 |
| Exterminating and Pest Control Services |
4 |
| Family Clothing Stores |
2 |
| Family Planning Centers |
1 |
| Farm Supplies Merchant Wholesalers |
2 |
| Fitness and Recreational Sports Centers |
4 |
| Floor Covering Stores |
1 |
| Florists |
3 |
| Food (Health) Supplement Stores |
1 |
| Food Service Contractors |
2 |
| Footwear Merchant Wholesalers |
1 |
| Freight Transportation Arrangement |
1 |
| Full-Service Restaurants |
19 |
| Funeral Homes and Funeral Services |
2 |
| Furniture Stores |
4 |
| General Automotive Repair |
6 |
| General Freight Trucking, Local |
4 |
| General Medical and Surgical Hospitals |
1 |
| General Rental Centers |
1 |
| General Warehousing and Storage |
1 |
| Gift, Novelty, and Souvenir Stores |
2 |
| Golf Courses and Country Clubs |
1 |
| Hardware Stores |
2 |
| Hat, Cap, and Millinery Manufacturing |
1 |
| Home Centers |
1 |
| Home Furnishing Merchant Wholesalers |
1 |
| Home Health Care Services |
1 |
| Homes for the Elderly |
3 |
| Household Appliance Stores |
1 |
| Industrial Launderers |
2 |
| Industrial Mold Manufacturing |
1 |
| Insurance Agencies and Brokerages |
14 |
| Investment Advice |
1 |
| Janitorial Services |
3 |
| Jewelry Stores |
1 |
| Kaolin and Ball Clay Mining |
1 |
| Kidney Dialysis Centers |
1 |
| Landscaping Services |
4 |
| Limited-Service Restaurants |
17 |
| Livestock Merchant Wholesalers |
2 |
| Logging |
1 |
| Machine Shops |
3 |
| Mail-Order Houses |
1 |
| Manufactured (Mobile) Home Dealers |
1 |
| Masonry Contractors |
2 |
| Medical Laboratories |
1 |
| Mortgage and Nonmortgage Loan Brokers |
1 |
| Motion Picture and Video Production |
1 |
| Motor Vehicle Towing |
1 |
| Natural Gas Distribution |
1 |
| New Car Dealers |
4 |
| Newspaper Publishers |
1 |
| Nursing Care Facilities |
3 |
| Office Administrative Services |
1 |
| Offices of Certified Public Accountants |
5 |
| Offices of Chiropractors |
2 |
| Offices of Dentists |
12 |
| Offices of Lawyers |
10 |
| Offices of Optometrists |
1 |
| Offices of Podiatrists |
1 |
| Offices of Real Estate Appraisers |
2 |
| Outdoor Power Equipment Stores |
1 |
| Paint and Wallpaper Stores |
1 |
| Painting and Wall Covering Contractors |
1 |
| Payroll Services |
1 |
| Pet and Pet Supplies Stores |
1 |
| Pharmacies and Drug Stores |
5 |
| Photography Studios, Portrait |
2 |
| Plate Work Manufacturing |
1 |
| Precision Turned Product Manufacturing |
1 |
| Radio Stations |
1 |
| Ready-Mix Concrete Manufacturing |
2 |
| Real Estate Credit |
2 |
| Recreational Vehicle Dealers |
3 |
| Residential Property Managers |
1 |
| Residential Remodelers |
2 |
| Roofing Contractors |
3 |
| Sawmills |
1 |
| Securities Brokerage |
2 |
| Shoe Stores |
1 |
| Sign Manufacturing |
2 |
| Site Preparation Contractors |
4 |
| Snack and Nonalcoholic Beverage Bars |
2 |
| Solid Waste Collection |
1 |
| Solid Waste Landfill |
1 |
| Sporting Goods Stores |
1 |
| Sports and Recreation Instruction |
1 |
| Tax Preparation Services |
2 |
| Telecommunications Resellers |
1 |
| Telephone Answering Services |
1 |
| Temporary Help Services |
1 |
| Tire Dealers |
3 |
| Tire Manufacturing (except Retreading) |
1 |
| Tobacco Stores |
1 |
| Travel Agencies |
1 |
| Truss Manufacturing |
1 |
| Used Car Dealers |
6 |
| Used Merchandise Stores |
4 |
| Veterinary Services |
2 |
| Video Tape and Disc Rental |
2 |
| Warehouse Clubs and Supercenters |
1 |
| Wholesale Trade Agents and Brokers |
3 |
| Window Treatment Stores |
1 |
| Wired Telecommunications Carriers |
3 |
| Women's Clothing Stores |
1 |
| Wood Container and Pallet Manufacturing |
1 |
| Wood Window and Door Manufacturing |
1 |
Have You Considered Buying an Existing Mayfield Business?
If you have some capital to play with, you may want to Buy a Business in Kentucky. Follow that link and you may find several good businesses for sale in Mayfield.
If you are serious about buying a business, you may want to read this article: Buying a Business.
Forming a Company in Mayfield, Kentucky
It's very important that your business is formed as a legal entity that is separate from its owners. Among other things, forming a legal entity for the business limits your liabilities.
The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporating is a very popular way to form a business. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in Kentucky, you don't necessarily have to incorporate in Kentucky. In fact, you can incorporate wherever you want. However, if you do incorporate in another state, you'll have to register as a foreign corporation in your home state.
There are many nuances to forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Avoiding Personal Liability in Business. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Mayfield, Kentucky, our information on Incorporating in Kentucky may be a useful resource if you decide to incorporate in Kentucky.
Where to Get Money to Start a Company
Getting your Mayfield business the capital it needs to succeed requires strong organization skills and perseverance. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.
Take advantage of our many articles on raising capital, such as 504 Loans.
For Mayfield entrepreneurs who want to raise money for a new venture, check out our List of Kentucky Angel Investors and our List of Kentucky Venture Capital Firms.
Marketing Your New Venture
To rise above the crowd in Mayfield and build your business, you need a great marketing plan.
You can learn all about marketing on our site. Radio Ads is an article that will stimulate a few thoughts on your marketing plan. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.
Next Steps
As an entrepreneur in Mayfield, you won't be working for the boss anymore. You are the boss.
From this point on, you control your own destiny.
Our goal here is to promote the vitality and growth of small businesses in Mayfield and throughout the United States . We believe entrepreneurship is an amazing engine for job creation in Mayfield, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Mayfield, Kentucky
Here are more links that we believe will help you be successful in starting a business in Mayfield.
- Resources for Mayfield, Kentucky Entrepreneurs - Browse a variety of resources we've collected to assist Mayfield entrepreneurs.
- Kentucky Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Kentucky.
- Kentucky Small Business Development Center - The Kentucky Small Business Development Center (KSBDC) has been assisting Kentucky small business community for more than 25 years. KSBDC is co-sponsored by the U.S. Small Business Administration and is administered by the University of Kentucky in partnership with regional universities, community and private colleges, and the private sector.
- Mayfield, Kentucky Newspaper Ad Rates - This is a nearly comprehensive list of advertising rates for Mayfield, Kentucky newspapers, including ad costs for newspapers serving the Mayfield area.
- Mayfield, Kentucky Radio Advertising Prices - To help you in your marketing efforts, we've gathered radio advertising rates for Mayfield, Kentucky area radio stations.
- Mayfield, Kentucky Payroll Services - This list includes Mayfield, Kentucky payroll services, national payroll services for Mayfield, and helpful information on choosing a Mayfield payroll service.
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