Contemplating starting a business in Newport, Arkansas? We walk you through the process of opening a business in Newport.
Are You Sure You Want to Do This?
Before quitting your day job, assess your entrepreneurial instincts and capabilities.
To determine whether you have what it takes to run a business, we recommend these three steps to help you decide:
- Talk to other entrepreneurs in Newport. Ask them candidly what it's like to run a business.
- We recommend reading Should You Become an Entrepreneur?. For aspiring new entrepreneurs, it's a must read article.
- Have a candid conversation with friends and family. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
Which Business to Choose?
Choosing a business that is right for you is very important. We recommend that you read Evaluating Your Idea.
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 Starting a Pyrometers Retail Business guide or our Opening a Storage Racks Business guide.
Don't forget that you are opening your new business in Newport. Some businesses will do better in Newport than others. A critical consideration is whether Newport demographics mesh well with your startup concept.
Newport, Arkansas Demographic Information
Newport has an active business community that includes small businesses,
mid-sized businesses and large businesses.
To give you a better feel for Newport demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Newport.
| Business Size | # of
Businesses |
| 1-4 Employees |
9163 |
| 5-9 Employees |
3366 |
| 10-19 Employees |
2142 |
| 20-49 Employees |
1224 |
| 50-99 Employees |
306 |
| 100-249 Employees |
459 |
| 250-499 Employees |
51 |
| 500-999 Employees |
0 |
| 1000+ Employees |
0 |
| All Newport Businesses |
16711 |
As a new Newport entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Newport 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 |
|
Automotive Parts and Accessories Stores |
4 |
| Beauty Salons |
1 |
| Beer and Ale Merchant Wholesalers |
3 |
| Beer, Wine, and Liquor Stores |
5 |
| Bowling Centers |
1 |
| Business Associations |
2 |
| Cable and Other Program Distribution |
2 |
| Car Washes |
1 |
|
Cemeteries and Crematories |
1 |
| Child Day Care Services |
6 |
| Credit Bureaus |
1 |
| Curtain and Drapery Mills |
1 |
| Direct Life Insurance Carriers |
2 |
| Discount Department Stores |
1 |
| Drinking Places (Alcoholic Beverages) |
3 |
| Electric Power Distribution |
2 |
|
Electrical Contractors |
3 |
| Emergency and Other Relief Services |
1 |
| Engineering Services |
1 |
| Family Clothing Stores |
1 |
| Farm Product Warehousing and Storage |
1 |
| Farm Supplies Merchant Wholesalers |
3 |
| Finish Carpentry Contractors |
2 |
| Fitness and Recreational Sports Centers |
2 |
|
Floor Covering Stores |
1 |
| Flooring Contractors |
1 |
| Florists |
1 |
| Food Service Contractors |
1 |
| Freight Transportation Arrangement |
1 |
| Full-Service Restaurants |
10 |
| Funeral Homes and Funeral Services |
2 |
| Furniture Stores |
2 |
|
General Automotive Repair |
5 |
| General Freight Trucking, Local |
1 |
| General Medical and Surgical Hospitals |
2 |
| Gift, Novelty, and Souvenir Stores |
1 |
| Glass and Glazing Contractors |
1 |
| Golf Courses and Country Clubs |
2 |
| Grantmaking Foundations |
1 |
| Home Health Care Services |
1 |
|
Home Health Equipment Rental |
1 |
| Homes for the Elderly |
1 |
| Household Appliance Stores |
1 |
| Insurance Agencies and Brokerages |
9 |
| Iron and Steel Mills |
1 |
| Janitorial Services |
2 |
| Jewelry Stores |
1 |
| Lessors of Other Real Estate Property |
1 |
|
Limited-Service Restaurants |
9 |
| Local Messengers and Local Delivery |
1 |
| Motor Vehicle Body Manufacturing |
1 |
| New Car Dealers |
5 |
| Newspaper Publishers |
1 |
| Nursing Care Facilities |
4 |
| Office Administrative Services |
2 |
| Office Supplies and Stationery Stores |
1 |
|
Offices of Bank Holding Companies |
1 |
| Offices of Certified Public Accountants |
7 |
| Offices of Chiropractors |
1 |
| Offices of Dentists |
4 |
| Offices of Lawyers |
10 |
| Offices of Optometrists |
3 |
| Offices of Real Estate Appraisers |
2 |
| Optical Goods Stores |
1 |
|
Outdoor Power Equipment Stores |
1 |
| Paint and Wallpaper Stores |
2 |
| Petroleum Bulk Stations and Terminals |
1 |
| Pharmacies and Drug Stores |
4 |
| Photography Studios, Portrait |
1 |
| Pipeline Transportation of Natural Gas |
1 |
| Radio Stations |
1 |
| Ready-Mix Concrete Manufacturing |
1 |
|
Real Estate Credit |
1 |
| Residential Remodelers |
1 |
| Reupholstery and Furniture Repair |
1 |
| Rice Milling |
1 |
| Savings Institutions |
1 |
| Sawmills |
2 |
| Securities Brokerage |
1 |
| Siding Contractors |
1 |
|
Site Preparation Contractors |
1 |
| Tax Preparation Services |
1 |
| Temporary Help Services |
1 |
| Temporary Shelters |
1 |
| Tire Dealers |
1 |
| Title Abstract and Settlement Offices |
1 |
| Tobacco Stores |
2 |
| Used Car Dealers |
1 |
|
Used Merchandise Stores |
1 |
| Vending Machine Operators |
1 |
| Veterinary Services |
1 |
| Video Tape and Disc Rental |
1 |
| Water Supply and Irrigation Systems |
2 |
| Wholesale Trade Agents and Brokers |
1 |
| Wired Telecommunications Carriers |
1 |
Naming the Business
Making the right decision when choosing a company name is very important. There are many decisions you'll make now that you can change later, but changing a company name years down the road is not very easy. So, choose a good company name at the outset.
Company names need to be easy to spell, easy to pronounce, and easy to remember.
Numerous company naming issues are discussed in more detail in this article: Branding Advice.
There's one other important factor when naming a business. Since you are planning on starting a business in Newport, it's very important that you make sure no other Arkansas company is using the business name you want to use.
Don't Skip the Business Plan
A business plan is vital in maximizing the prospects of your new company. Simply put, a business plan is a written description of the future you envision for your business. Starting a business without a business plan is a recipe for disaster.
To learn more about business plans, read Reasons to Write a Business Plan. You can also get free counseling sessions provided by your local SCORE chapter in Arkansas.
Increase Your Entrepreneurial Knowledge
The best entrepreneurs recognize that they don't know everything.
As an entrepreneur who lives in Newport, Arkansas, you will want to take advantage of the learning programs at local Arkansas educational institutions. It's also smart to see if there are any networking organizations for Newport entrepreneurs.
Next Steps
You have a dream -- starting a business in Newport. To achieve your dream, you have to persevere, even when the odds are against you.
From this point on, you control your own destiny.
This site is all about helping entrepreneurs in Newport and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Newport entrepreneur who is just getting started or you are already up and running with your new venture.
More Entrepreneurial Resources for Starting a Business in Newport, Arkansas
Here are more links that we believe will help you be successful in starting a business in Newport.
- Resources for Newport, Arkansas Entrepreneurs - Browse a variety of resources we've collected to assist Newport entrepreneurs.
- Arkansas Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Arkansas.
- Arkansas Small Business Development Center - The Arkansas Small Business Development Center (ASBDC) is a University-based economic development program which provides assistance to entrepreneurs and small businesses throughout Arkansas via a statewide network of seven offices.
- Newport, Arkansas Newspaper Ad Rates - This is a nearly comprehensive list of advertising rates for Newport, Arkansas newspapers, including ad costs for newspapers serving the Newport area.
- Newport, Arkansas Radio Advertising Prices - To help you in your marketing efforts, we've gathered radio advertising rates for Newport, Arkansas area radio stations.
- Newport, Arkansas Payroll Services - This list includes Newport, Arkansas payroll services, national payroll services for Newport, and helpful information on choosing a Newport payroll service.
- Newport, Arkansas Businesses for Sale - This list includes resources for buying a business in Newport, Arkansas, such as business brokers in Newport and other helpful information on how to buy a Newport business.
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