Indiana Business Startup Guides

Opening a Business in Tipton, Indiana

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

Is Becoming an Entrepreneur Right for You?

Before quitting your day job, assess your entrepreneurial instincts and capabilities.

Because entrepreneurship is not for everyone, we recommend you do the following to help you assess whether you should move forward with starting a business:

  • Speak with other entrepreneurs in Tipton. Get their take on what it's really like to be an entrepreneur.
  • 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. That's the best way to get a truly objective assessment as to whether others think you have what it takes.

What Business Are You Starting?

Choosing a business that is right for you is very important. We recommend that you read Finding Your Niche in Life.

For step-by-step instructions on starting a variety of business types, visit the Good Businesses to Start section of our site. For example, you might be interested in our Starting a Furnaces Business guide or our Opening a Mailing Services Business guide.

Don't forget that you are starting a business in Tipton. Think about what needs are currently being underserved in Tipton. Only by spending some time analyzing Tipton demographics can you decide if there will be strong demand for your business idea.

Tipton, Indiana Demographic Information

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

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

Business Size
# of
Businesses
1-4 Employees
3150
5-9 Employees
1092
10-19 Employees
462
20-49 Employees
399
50-99 Employees
210
100-249 Employees
63
250-499 Employees
42
500-999 Employees
0
1000+ Employees
0
All Tipton Businesses
5418

As a new Tipton entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Tipton 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
Adhesive Manufacturing
1
Architectural Services
1
Automotive Parts and Accessories Stores
1
Beauty Salons
3
Beer, Wine, and Liquor Stores
2
Carpet and Upholstery Cleaning Services
1
Child Day Care Services
1
Civic and Social Organizations
6
Coin-Operated Laundries and Drycleaners
1
Commercial Lithographic Printing
1
Commercial Photography
1
Commercial Screen Printing
1
Convention and Trade Show Organizers
1
Court Reporting and Stenotype Services
1
Credit Unions
1
Drinking Places (Alcoholic Beverages)
2
Electrical Contractors
1
Elementary and Secondary Schools
1
Finish Carpentry Contractors
1
Flooring Contractors
1
Florists
3
Freight Transportation Arrangement
1
Full-Service Restaurants
5
Funeral Homes and Funeral Services
2
Furniture Stores
1
General Freight Trucking, Local
1
Golf Courses and Country Clubs
1
Grantmaking Foundations
1
Graphic Design Services
1
Hardware Stores
1
Home Furnishing Merchant Wholesalers
1
Industrial Launderers
1
Industrial Mold Manufacturing
1
Landscaping Services
2
Limited-Service Restaurants
7
Machine Shops
2
Masonry Contractors
4
Meat Processed from Carcasses
1
Motor Vehicle Metal Stamping
1
Museums
1
New Housing Operative Builders
1
Nursing Care Facilities
1
Offices of Certified Public Accountants
1
Offices of Chiropractors
3
Offices of Dentists
4
Offices of Lawyers
5
Offices of Optometrists
3
Pharmacies and Drug Stores
3
Photography Studios, Portrait
2
Portfolio Management
1
Ready-Mix Concrete Manufacturing
1
Residential Remodelers
5
Roofing Contractors
1
Securities Brokerage
1
Siding Contractors
1
Sign Manufacturing
2
Site Preparation Contractors
2
Snack and Nonalcoholic Beverage Bars
2
Tax Preparation Services
1
Testing Laboratories
1
Tire Dealers
2
Tobacco Stores
1
Tradebinding and Related Work
1
Truss Manufacturing
1
Veterinary Services
1
Video Tape and Disc Rental
2
Wired Telecommunications Carriers
1

What About Franchising Opportunities?

As you drive around Tipton, you'll notice that many local entrepreneurs have gone the franchising route. Should you be giving franchising serious consideration?

We advise the entrepreneurs we work with to consider franchising as an option. On our site, you can read many articles about franchising, such as How to Franchise. Get a thorough education on franchising by browsing all of our Articles on Franchising.

You can find franchise opportunities by browsing our Franchise Opportunities Directory.

Representative franchise opportunities include Craters & Freighters and Hy-Tech Weight Loss. Alternatively, you can browse franchise categories, such as Auto Repair Franchises and Print and Sign Franchises.

Note on Tipton Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Tipton.

Forming a Company in Tipton, Indiana

It's essential that your business is formed as a legal entity that is separate from its owners. Doing so will shield you from personal liability for business debts and obligations.

The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.

Incorporation 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 Indiana, you don't necessarily have to incorporate in Indiana. As it turns out, you can incorporate in the state of your choosing. 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. To learn the basics of company formation, browse articles on our site, such as Corporate Formalities. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Tipton, Indiana, our information on Incorporating in Indiana may be a useful resource if you decide to incorporate in Indiana.

Raising Capital for Your Startup

Getting your Tipton business the capital it needs to succeed is not an easy task. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.

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

For Tipton entrepreneurs who want to raise money for a new venture, browse our List of Indiana Angel Investors and our List of Indiana Venture Capital Firms.

Advancing Your Entrepreneurial Skills

The best business owners recognize that they don't know everything.

With your business being located in Tipton, Indiana, you will want to take advantage of the many programs available at nearby Indiana universities, colleges and community colleges. It's also worthwhile to see if there are any networking organizations for Tipton entrepreneurs.

Moving Forward

You have a dream -- starting a business in Tipton. 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 Tipton and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Tipton, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Tipton, Indiana

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

More Startup Articles for Indiana Cities

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Starting a Business in Versailles

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Starting a Business Guides for Other States

 

 

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Additional Resources for Entrepreneurs

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Franchise Opportunities

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