Kentucky Business Startup Guides

Start a Business in Radcliff, Kentucky

Are you starting a business in Radcliff, Kentucky? This article discusses the most important things to consider when opening a business in Radcliff.

Radcliff, Kentucky Demographic Information

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

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

Business Size
# of
Businesses
1-4 Employees
639
5-9 Employees
309
10-19 Employees
207
20-49 Employees
111
50-99 Employees
27
100-249 Employees
6
250-499 Employees
3
500-999 Employees
6
1000+ Employees
0
All Radcliff Businesses
1308

As a new Radcliff entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Radcliff 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
Art Dealers
1
Automotive Glass Replacement Shops
3
Automotive Parts and Accessories Stores
5
Automotive Transmission Repair
1
Baked Goods Stores
1
Beauty Salons
7
Business Associations
1
Cable and Other Program Distribution
1
Cafeterias
1
Car Washes
2
Carpet and Upholstery Cleaning Services
1
Child Day Care Services
14
Clothing Accessories Stores
1
Commercial Gravure Printing
1
Computer and Software Stores
2
Computer Training
1
Consumer Lending
1
Convenience Stores
1
Cosmetology and Barber Schools
1
Credit Unions
2
Dental Laboratories
1
Electrical Contractors
1
Electronic Shopping
1
Elementary and Secondary Schools
3
Engineering Services
2
Exam Preparation and Tutoring
1
Fitness and Recreational Sports Centers
1
Florists
3
Food Service Contractors
2
Framing Contractors
1
Freight Transportation Arrangement
1
Full-Service Restaurants
8
Funeral Homes and Funeral Services
1
Furniture Stores
2
General Freight Trucking, Local
1
General Rental Centers
1
Gift, Novelty, and Souvenir Stores
2
Hobby, Toy, and Game Stores
1
Home Centers
1
Insurance Agencies and Brokerages
10
Investment Advice
2
Jewelry Stores
2
Land Subdivision
2
Landscaping Services
4
Lessors of Other Real Estate Property
3
Limited-Service Restaurants
23
Locksmiths
1
Mail-Order Houses
3
Masonry Contractors
2
Men's Clothing Stores
2
Mortgage and Nonmortgage Loan Brokers
5
Motorcycle Dealers
1
New Car Dealers
4
New Housing Operative Builders
2
Newspaper Publishers
1
Offices of Certified Public Accountants
3
Offices of Chiropractors
2
Offices of Dentists
8
Offices of Lawyers
6
Offices of Optometrists
2
Optical Goods Stores
2
Passenger Car Rental
1
Pet Care (except Veterinary) Services
1
Pharmacies and Drug Stores
1
Photography Studios, Portrait
2
Political Organizations
2
Quick Printing
1
Real Estate Credit
2
Residential Property Managers
1
Roofing Contractors
2
Savings Institutions
1
Site Preparation Contractors
2
Snack and Nonalcoholic Beverage Bars
1
Sporting Goods Stores
3
Sports and Recreation Instruction
1
Tax Preparation Services
7
Temporary Shelters
1
Tile and Terrazzo Contractors
2
Tire Dealers
2
Tobacco Stores
1
Used Car Dealers
9
Used Household and Office Goods Moving
1
Used Merchandise Stores
3
Video Tape and Disc Rental
4
Vocational Rehabilitation Services
1
Warehouse Clubs and Supercenters
1
Wired Telecommunications Carriers
1
Women's Clothing Stores
2

Naming the Company

A good company name can give a big boost to a new startup. It might seem like an easy thing to do, but there are many things to consider when naming a business.

Company names should be fun to say, and they should help people to understand what you do and how you differentiate yourself in the market.

For other considerations regarding naming a company, we recommend this article: Branding Advice.

On a final note, given that you are starting a business in Radcliff, it's very important that you make sure no other Kentucky company is using the business name you want to use.

Forming a Company in Radcliff, Kentucky

It's essential 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 in any state you would like to. 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 Registered Agents. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Radcliff, 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 Radcliff business the capital it needs to succeed is very difficult due to the ongoing business credit crunch. To obtain business financing, you will need to hear a lot of rejections before you finally find a funding solution that works for you.

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

For Radcliff entrepreneurs with great ambition but a shortage of investment capital, check out our List of Kentucky Angel Investors and our List of Kentucky Venture Capital Firms.

Marketing Your New Business

To rise above the crowd in Radcliff and grow your business, you need a solid marketing plan.

You can learn a ton about marketing on our site. Telemarketing Service Costs is a good read to get your marketing ideas flowing. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.

The Art of Selling

Being able to sell is essential to your business success. Whether you are focused on selling local customers in Radcliff or are selling to customers throughout Kentucky, the United States or even the world, you have to be able to sell.

Not knowing how to sell can result in lost customers and minimal market share. Fortunately, we've got plenty of good advice to help you improve your selling skills.

How to Build and Motivate a Sales Team is worth reading, as it may give you some good ideas on how to sell your products or services. We have many more good articles on selling that you may enjoy reading.

Now It's Up To You

You have a dream -- starting a business in Radcliff. To achieve your dream, you have to persevere, even when the odds are against you.

If you choose the right business and love what you do, you will greatly increase your odds of success.

This site is all about helping entrepreneurs in Radcliff and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Radcliff, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Radcliff, Kentucky

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

  • Resources for Radcliff, Kentucky Entrepreneurs - Browse a variety of resources we've collected to assist Radcliff 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.

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