Arkansas Business Startup Guides

Opening a Business in Monticello, Arkansas

Contemplating starting a business in Monticello, Arkansas? We walk you through the process of opening a business in Monticello.

Do You Have What It Takes?

Running your own business is hard work, much more challenging than working as an employee. Are you sure you want to go into business for yourself?

Before you move forward with starting a business, be sure to do these three things:

  • Speak with other entrepreneurs in Monticello. Get their candid feedback on what it takes to start a successful business.
  • You should read Starting a Company. It's a good read for those who are thinking about becoming an entrepreneur.
  • Talk it over with a close friend or partner. A support network of family and friends can be a great sounding board for good advice before you decide for sure to go into business.

What Business to Start

An important decision is what kind of business you want to start. You might get some good ideas about what kind of business to start by reading Business Ideas That Don't Make Sense.

To view an extensive list of business types, complete with startup instructions, spend some time in the Good Businesses to Start section of our site. For example, you might be interested in our Opening a Pipe & Boiler Covering Contractors Business guide or our Starting a Power Plant Equipment & Services Business guide.

Don't forget that you are starting a business in Monticello. Some businesses will do better in Monticello than others. Make sure you fully understand Monticello demographics before you lock in on your business idea.

Monticello, Arkansas Demographic Information

Monticello has an active business community that includes small businesses, mid-sized businesses and large businesses.

To give you a better feel for Monticello demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Monticello.

Business Size
# of
Businesses
1-4 Employees
8568
5-9 Employees
4116
10-19 Employees
2058
20-49 Employees
1848
50-99 Employees
420
100-249 Employees
294
250-499 Employees
126
500-999 Employees
0
1000+ Employees
0
All Monticello Businesses
17430

As a new Monticello entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Monticello 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
Ambulance Services
1
Appliance Repair and Maintenance
1
Automotive Exhaust System Repair
1
Automotive Parts and Accessories Stores
6
Beauty Salons
1
Bed-and-Breakfast Inns
1
Book Stores
1
Bowling Centers
1
Business Associations
2
Cable and Other Program Distribution
1
Carpet and Rug Mills
1
Child Day Care Services
3
Children's and Infants' Clothing Stores
1
Commercial Bakeries
1
Convenience Stores
1
Credit Unions
1
Discount Department Stores
1
Electric Power Distribution
1
Electrical Contractors
1
Elementary and Secondary Schools
2
Exterminating and Pest Control Services
1
Family Clothing Stores
3
Farm Supplies Merchant Wholesalers
1
Floor Covering Stores
2
Florists
4
Food (Health) Supplement Stores
1
Food Service Contractors
1
Funeral Homes and Funeral Services
2
Furniture Stores
3
General Automotive Repair
3
General Medical and Surgical Hospitals
1
Gift, Novelty, and Souvenir Stores
2
Golf Courses and Country Clubs
2
Home Centers
1
Home Health Care Services
2
Home Health Equipment Rental
1
Homes for the Elderly
1
Household Appliance Stores
2
Industrial Building Construction
1
Insurance Agencies and Brokerages
7
Janitorial Services
3
Kidney Dialysis Centers
1
Landscaping Services
2
Lessors of Other Real Estate Property
1
Limited-Service Restaurants
16
Logging
15
Machine Shops
1
Manufactured (Mobile) Home Dealers
2
Museums
1
Musical Instrument and Supplies Stores
1
Natural Gas Liquid Extraction
1
New Car Dealers
2
Newspaper Publishers
2
Nursing Care Facilities
2
Office Administrative Services
3
Office Supplies and Stationery Stores
1
Offices of Certified Public Accountants
5
Offices of Chiropractors
3
Offices of Dentists
8
Offices of Lawyers
10
Offices of Optometrists
3
Offices of Other Holding Companies
1
Outdoor Power Equipment Stores
1
Paint and Wallpaper Stores
1
Painting and Wall Covering Contractors
1
Pharmacies and Drug Stores
3
Photography Studios, Portrait
1
Pipeline Transportation of Natural Gas
1
Polystyrene Foam Product Manufacturing
1
Radio Stations
1
Ready-Mix Concrete Manufacturing
1
Residential Property Managers
2
Residential Remodelers
1
Sawmills
6
Securities Brokerage
1
Shoe Stores
2
Snack and Nonalcoholic Beverage Bars
1
Sporting Goods Stores
2
Support Activities for Forestry
7
Tax Preparation Services
1
Temporary Help Services
2
Temporary Shelters
1
Tire Dealers
3
Tobacco Stores
3
Used Car Dealers
1
Veterinary Services
1
Video Tape and Disc Rental
2
Vocational Rehabilitation Services
1
Warehouse Clubs and Supercenters
1
Water Supply and Irrigation Systems
4
Wired Telecommunications Carriers
2
Women's Clothing Stores
3
Wood Window and Door Manufacturing
1

Naming the Company

A big decision when starting a company is choosing a company name. Believe it or not, choosing a good company name can be a big contributor to your business success.

Even if the name doesn't do it by itself, many naming experts believe there should be a story behind the name that ties into your company mission.

Numerous company naming issues are discussed in more detail in this article: Naming a Business.

There's one other important factor when naming a business. Since you are planning on starting a business in Monticello, it's critical that you ensure that no other Arkansas company is using the business name you want to use.

Startup Financing Basics

Getting your Monticello business the capital it needs to succeed requires strong organization skills and perseverance. If you don't have a rich uncle to fund you, you'll need to be creative in how you approach your fundraising efforts.

To learn about raising money, we recommend you read the fundraising articles on our site, such as 504 Loans.

For Monticello entrepreneurs with great ambition but a shortage of investment capital, we have assembled a List of Arkansas Angel Investors and our List of Arkansas Venture Capital Firms.

Bring in Revenues

Do you know how to sell? In order to attract customers to your new Monticello business, you need to focus on sales.

Good selling involves demonstrating that your wares meet your customer's needs. Let us help you refine your selling techniques through our many useful sales advice tips.

Landing Big Customers is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.

Now It's Up To You

As an entrepreneur in Monticello, you won't be working for the boss anymore. You are the boss.

From this point on, you control your own destiny.

We are here to help Monticello businesses to be successful. We have a wealth of experience in business start-ups, financing, marketing, sales and more...and we've made all of our knowledge available to you.

More Entrepreneurial Resources for Starting a Business in Monticello, Arkansas

Here are more links that we believe will help you be successful in starting a business in Monticello.

More Business Startup Guides for Arkansas

Starting a Business in Mena
Starting a Business in Morrilton

Browse All Business Startup Guides for Arkansas
Starting a Business Guides for Other States

 

 

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