April 19, 2014  
 
  Entrepreneurial Resources - Advice for Kansas Entrepreneurs  
  Wichita, Kansas Resources for Entrepreneurs  
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Start a Business in Wichita, Kansas

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

Is Becoming a Business Owner Right for You?

An entrepreneurial life is demanding, much harder than working as an employee. Are you certain you have the stamina and skills to succeed on your own?

Here are three things we recommend you do before you fully commit to starting a new business of your own.

  • Speak with other entrepreneurs in Wichita. Get their take on what it's really like to be an entrepreneur.
  • You should read The Entrepreneurial Personality. It's a good read for those who are thinking about becoming an entrepreneur.
  • Reach out to a trusted acquaintance. That's the best way to get a truly objective assessment as to whether others think you have what it takes.

Wichita, Kansas Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 15203
5-9 Employees 6491
10-19 Employees 4650
20-49 Employees 3576
50-99 Employees 1191
100-249 Employees 729
250-499 Employees 153
500-999 Employees 51
1000+ Employees 27
All Wichita Businesses 32071

As a new Wichita entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Wichita 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
Advertising Agencies 30
Aircraft Manufacturing 4
Alkalies and Chlorine Manufacturing 1
Aluminum Foundries (except Die-Casting) 1
Ambulance Services 2
Amusement and Theme Parks 1
Amusement Arcades 3
Animal (except Poultry) Slaughtering 1
Appliance Repair and Maintenance 10
Apprenticeship Training 4
Architectural Services 31
Armored Car Services 3
Audio and Video Equipment Manufacturing 2
Automobile Driving Schools 2
Automotive Exhaust System Repair 3
Automotive Glass Replacement Shops 17
Automotive Parts and Accessories Stores 70
Automotive Transmission Repair 16
Baked Goods Stores 10
Barber Shops 3
Beauty Salons 118
Bed-and-Breakfast Inns 2
Beer and Ale Merchant Wholesalers 3
Beer, Wine, and Liquor Stores 84
Blood and Organ Banks 4
Boat Dealers 4
Book Publishers 1
Book Stores 22
Books Printing 2
Bowling Centers 8
Broom, Brush, and Mop Manufacturing 1
Building Inspection Services 6
Business Associations 17
Cable and Other Program Distribution 3
Cafeterias 16
Camera and Photographic Supplies Stores 3
Canvas and Related Product Mills 5
Car Washes 17
Carpet and Upholstery Cleaning Services 21
Caterers 10
Cemeteries and Crematories 6
Charter Bus Industry 2
Child and Youth Services 19
Child Day Care Services 57
Children's and Infants' Clothing Stores 9
Civic and Social Organizations 41
Claims Adjusting 7
Clothing Accessories Stores 12
Coffee and Tea Manufacturing 1
Coin-Operated Laundries and Drycleaners 15
Collection Agencies 8
Commercial Bakeries 6
Commercial Flexographic Printing 2
Commercial Gravure Printing 1
Commercial Lithographic Printing 24
Commercial Photography 6
Commercial Screen Printing 7
Commodity Contracts Brokerage 4
Commodity Contracts Dealing 1
Community Food Services 1
Computer and Software Stores 20
Computer Facilities Management Services 6
Computer Storage Device Manufacturing 1
Computer Systems Design Services 30
Computer Training 4
Concrete Block and Brick Manufacturing 1
Concrete Pipe Manufacturing 1
Confectionery and Nut Stores 4
Confectionery Merchant Wholesalers 3
Construction Machinery Manufacturing 1
Construction Sand and Gravel Mining 6
Consumer Lending 16
Continuing Care Retirement Communities 14
Convenience Stores 7
Convention and Trade Show Organizers 7
Cosmetology and Barber Schools 4
Couriers 20
Court Reporting and Stenotype Services 4
Credit Bureaus 1
Credit Unions 33
Curtain and Drapery Mills 3
Custom Compounding of Purchased Resins 1
Custom Computer Programming Services 39
Dance Companies 1
Dental Laboratories 14
Diagnostic Imaging Centers 13
Diet and Weight Reducing Centers 7
Digital Printing 4
Direct Life Insurance Carriers 12
Direct Mail Advertising 6
Direct Title Insurance Carriers 10
Directory and Mailing List Publishers 5
Discount Department Stores 10
Display Advertising 5
Document Preparation Services 9
Drafting Services 1
Dried and Dehydrated Food Manufacturing 1
Drilling Oil and Gas Wells 11
Drinking Places (Alcoholic Beverages) 100
Drive-In Motion Picture Theaters 1
Drywall and Insulation Contractors 46
Educational Support Services 6
Electric Power Distribution 8
Electrical Contractors 95
Electronic Connector Manufacturing 1
Electronic Shopping 16
Elementary and Secondary Schools 17
Emergency and Other Relief Services 3
Employment Placement Agencies 8
Engineering Services 83
Environmental Consulting Services 10
Exam Preparation and Tutoring 7
Exterminating and Pest Control Services 21
Facilities Support Services 4
Family Clothing Stores 42
Family Planning Centers 4
Farm Product Warehousing and Storage 1
Farm Supplies Merchant Wholesalers 4
Fine Arts Schools 16
Finish Carpentry Contractors 52
Fitness and Recreational Sports Centers 35
Flight Training 7
Floor Covering Stores 15
Flooring Contractors 21
Florists 20
Flour Milling 2
Fluid Milk Manufacturing 1
Food (Health) Supplement Stores 11
Food Product Machinery Manufacturing 1
Food Service Contractors 34
Footwear and Leather Goods Repair 1
Formal Wear and Costume Rental 3
Framing Contractors 40
Freight Transportation Arrangement 15
Frozen Specialty Food Manufacturing 1
Full-Service Restaurants 296
Funeral Homes and Funeral Services 20
Furniture Merchant Wholesalers 5
Furniture Stores 40
General Automotive Repair 118
General Freight Trucking, Local 15
General Medical and Surgical Hospitals 6
General Rental Centers 15
General Warehousing and Storage 13
Gift, Novelty, and Souvenir Stores 61
Glass and Glazing Contractors 7
Golf Courses and Country Clubs 11
Grantmaking Foundations 11
Graphic Design Services 28
Gypsum Product Manufacturing 1
Hand and Edge Tool Manufacturing 2
Hardware Merchant Wholesalers 8
Hardware Stores 19
Hazardous Waste Treatment and Disposal 3
Heating Oil Dealers 1
Hobby, Toy, and Game Stores 19
Home Centers 8
Home Furnishing Merchant Wholesalers 10
Home Health Care Services 34
Home Health Equipment Rental 6
Homes for the Elderly 13
Household Appliance Stores 23
Human Rights Organizations 4
Ice Manufacturing 1
Industrial Building Construction 3
Industrial Launderers 7
Industrial Mold Manufacturing 1
Industrial Sand Mining 1
Institutional Furniture Manufacturing 3
Insurance Agencies and Brokerages 262
Interior Design Services 15
Internet Service Providers 5
Investigation Services 4
Investment Advice 35
Iron and Steel Mills 1
Iron Foundries 2
Janitorial Services 99
Jewelry Stores 38
Kidney Dialysis Centers 8
Land Subdivision 9
Landscape Architectural Services 3
Landscaping Services 79
Language Schools 2
Lessors of Other Real Estate Property 16
Libraries and Archives 2
Limited-Service Restaurants 343
Limousine Service 1
Local Messengers and Local Delivery 6
Locksmiths 5
Luggage and Leather Goods Stores 2
Machine Shops 50
Mail-Order Houses 13
Manufactured (Mobile) Home Dealers 9
Marketing Consulting Services 17
Marking Device Manufacturing 4
Masonry Contractors 29
Mattress Manufacturing 1
Meat Markets 3
Meat Processed from Carcasses 4
Media Representatives 4
Medical Laboratories 10
Medicinal and Botanical Manufacturing 2
Men's Clothing Stores 11
Metal Heat Treating 2
Metal Stamping 1
Metal Window and Door Manufacturing 4
Miscellaneous Intermediation 16
Mobile Food Services 2
Mortgage and Nonmortgage Loan Brokers 18
Motion Picture and Video Production 9
Motor and Generator Manufacturing 2
Motor Vehicle Body Manufacturing 1
Motor Vehicle Towing 8
Motorcycle Dealers 9
Museums 7
Music Publishers 1
Musical Groups and Artists 3
Musical Instrument and Supplies Stores 7
Nail Salons 13
Natural Gas Distribution 6
Natural Gas Liquid Extraction 2
New Car Dealers 34
New Housing Operative Builders 12
News Dealers and Newsstands 1
News Syndicates 1
Newspaper Publishers 5
Nonresidential Property Managers 23
Nonwoven Fabric Mills 1
Nursing Care Facilities 19
Office Administrative Services 50
Office Equipment Merchant Wholesalers 15
Office Supplies and Stationery Stores 15
Offices of Bank Holding Companies 5
Offices of Certified Public Accountants 81
Offices of Chiropractors 70
Offices of Dentists 152
Offices of Lawyers 260
Offices of Optometrists 37
Offices of Other Holding Companies 8
Offices of Podiatrists 10
Offices of Real Estate Appraisers 22
One-Hour Photofinishing 1
Ophthalmic Goods Manufacturing 3
Optical Goods Stores 27
Outdoor Power Equipment Stores 5
Packaging and Labeling Services 3
Packing and Crating 3
Paging 1
Paint and Coating Manufacturing 2
Paint and Wallpaper Stores 15
Painting and Wall Covering Contractors 65
Parking Lots and Garages 11
Passenger Car Leasing 1
Passenger Car Rental 12
Payroll Services 7
Periodical Publishers 14
Pet and Pet Supplies Stores 16
Pet Care (except Veterinary) Services 16
Petroleum Bulk Stations and Terminals 4
Petroleum Refineries 1
Pharmacies and Drug Stores 55
Photography Studios, Portrait 23
Pipeline Transportation of Crude Oil 1
Pipeline Transportation of Natural Gas 3
Plastics Bottle Manufacturing 1
Plate Work Manufacturing 2
Political Organizations 2
Portfolio Management 24
Powder Metallurgy Part Manufacturing 1
Precision Turned Product Manufacturing 8
Prepress Services 1
Private Mail Centers 6
Professional Employer Organizations 2
Professional Organizations 12
Public Relations Agencies 3
Quick Printing 7
Racetracks 2
Radio Networks 1
Radio Stations 11
Ready-Mix Concrete Manufacturing 4
Real Estate Credit 34
Real Estate Investment Trusts 1
Recreational Goods Rental 2
Recreational Vehicle Dealers 4
Refrigerated Warehousing and Storage 2
Reinsurance Carriers 1
Remediation Services 2
Rendering and Meat Byproduct Processing 2
Repossession Services 2
Residential Property Managers 76
Residential Remodelers 66
Retail Bakeries 7
Reupholstery and Furniture Repair 8
Roofing Contractors 28
Rooming and Boarding Houses 4
Rope, Cordage, and Twine Mills 1
Sales Financing 12
Savings Institutions 28
Scheduled Freight Air Transportation 1
Scheduled Passenger Air Transportation 11
School and Employee Bus Transportation 4
Securities Brokerage 61
Security Guards and Patrol Services 12
Septic Tank and Related Services 1
Sewage Treatment Facilities 2
Sheet Metal Work Manufacturing 7
Shoe Stores 48
Siding Contractors 23
Sign Manufacturing 21
Site Preparation Contractors 29
Snack and Nonalcoholic Beverage Bars 54
Soap and Other Detergent Manufacturing 1
Soft Drink Manufacturing 2
Software Publishers 3
Solid Waste Collection 8
Solid Waste Combustors and Incinerators 1
Sound Recording Studios 1
Soybean Processing 1
Special Needs Transportation 6
Spice and Extract Manufacturing 3
Sporting Goods Stores 42
Sports and Recreation Instruction 7
Sports Teams and Clubs 2
Spring (Heavy Gauge) Manufacturing 1
Spring (Light Gauge) Manufacturing 1
Tax Preparation Services 39
Taxi Service 3
Telecommunications Resellers 4
Telemarketing Bureaus 6
Telephone Answering Services 4
Television Broadcasting 9
Temporary Help Services 40
Temporary Shelters 4
Testing Laboratories 8
Theater Companies and Dinner Theaters 9
Tile and Terrazzo Contractors 11
Tire and Tube Merchant Wholesalers 4
Tire Dealers 33
Title Abstract and Settlement Offices 11
Tobacco Stores 9
Tortilla Manufacturing 2
Tour Operators 3
Tradebinding and Related Work 2
Translation and Interpretation Services 2
Travel Agencies 19
Travel Trailer and Camper Manufacturing 1
Truck Trailer Manufacturing 1
Truss Manufacturing 1
Used Car Dealers 57
Used Household and Office Goods Moving 15
Used Merchandise Stores 36
Vending Machine Operators 13
Veterinary Services 41
Video Tape and Disc Rental 22
Vocational Rehabilitation Services 44
Voluntary Health Organizations 6
Warehouse Clubs and Supercenters 5
Water Supply and Irrigation Systems 1
Wholesale Trade Agents and Brokers 39
Window Treatment Stores 3
Wired Telecommunications Carriers 34
Women's Clothing Stores 52
Wood Container and Pallet Manufacturing 6
Wood Window and Door Manufacturing 2
Zoos and Botanical Gardens 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.

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

On a final note, given that you are opening a business in Wichita, it's critical that you ensure that no other Kansas company is using the business name you want to use.

Forming a Company in Wichita, Kansas

It's very important that you form your business as a legal structure. 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.

Incorporating is a very common way to legally create a business entity. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in Kansas, you don't necessarily have to incorporate in Kansas. In fact, you are allowed to 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. To learn the fundamentals of company formation, browse articles on our site, such as Nevada Incorporation. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Wichita, Kansas, our information on Incorporating in Kansas may be a useful resource if you decide to incorporate in Kansas.

Raising Money for Your New Venture

Getting your Wichita business the capital it needs to succeed is not an easy task. In fact, financing your new business may be the hardest challenge you ever face.

Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled How to Raise Money.

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

Marketing Your New Venture

To rise above the crowd in Wichita and advance your business, you need a great marketing plan.

There are myriad resources on this site to help you with your marketing plan. Advertising on the Web is an article that will stimulate a few thoughts on your marketing plan. That's just a sampling of the many useful articles we have on Marketing a Small Business.

Interviews With Wichita Entrepreneurs

Here, we'll keep a running list of interviews we've had with Wichita entrepreneurs.

Moving Forward

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

Owning your own business will be a daunting task, but you can do it.

This site is all about helping entrepreneurs in Wichita and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Wichita 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 Wichita, Kansas

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

 

 

Additional Resources for Entrepreneurs

Buying a Business - Writing a Business Plan - Raising Money - Incorporate

Small Business Marketing - Advertising Advice - Public Relations -

Customer Service Tips - Entrepreneurial Selling - Workplace Safety