Kansas Business Startup Guides
Starting a Business in Augusta, Kansas
Thinking about starting a business in Augusta, Kansas? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Augusta.
Are You Ready for the Challenges of Being an Entrepreneur?
Being an entrepreneur is hard work, much harder than working as an employee. Are you certain you have the stamina and skills to succeed on your own?
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:
- Reach out to other entrepreneurs in Augusta. Listen closely to their experiences and see if you think you too can be successful.
- Peruse Why Small Businesses Fail. This is one of our more popular articles for folks who want to go into business for themselves.
- Get feedback from somebody whom you trust. Ask them directly: Do I have what it takes to be an entrepreneur? Listen carefully to their answer, as they presumably know your strengths and weaknesses.
What Business Are You Starting?
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 Playground Equipment Dealers Business guide or our How to Start a Wrestling Instruction Business guide.
Always keep in mind that your new startup will be located in Augusta. Think about what needs are currently being underserved in Augusta. Don't forget to review Augusta demographics to see if there's a market for what you want to sell.
Augusta, Kansas Demographic Information
Augusta has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Augusta demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Augusta.
Businesses
As a new Augusta entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Augusta 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.
Businesses
Is Franchising a Better Option?
As you drive around Augusta, it's apparent that franchising has become a very popular way to start a business. So, it probably makes sense for you to consider franchising too.
Our advice is to investigate buying a franchise. This site has dozens of articles on franchising, such as How to Franchise a Business. Become a franchising expert of sorts by reading more of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Representative franchise opportunities include Blue Sky Creamery and Growth Coach. Alternatively, you can browse franchise categories, such as Bagel Franchises and eBay Franchises.
Note on Augusta Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Augusta.
Company Formation in Augusta, Kansas
It's essential that your business is formed as a legal entity that is separate from its owners. Doing so will protect 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. Just because you are starting a business in Kansas, you don't necessarily have to incorporate in Kansas. In fact, you are allowed to 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's a lot to know about forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Dissolving a Corporation. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Augusta, Kansas, our information on Incorporating in Kansas may be a useful resource if you decide to incorporate in Kansas.
Startup Financing Basics
Getting your Augusta business the capital it needs to succeed requires strong organization skills and perseverance. 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 Getting a Small Business Loan.
For Augusta entrepreneurs with great ambition but a shortage of investment capital, browse our List of Kansas Angel Investors and our List of Kansas Venture Capital Firms.
Ramping Up Sales
Do you know how to sell? In order to attract customers to your new Augusta business, you need to focus on sales.
So what does it take to bring in more prospects and close more business? Fortunately, we've got plenty of good advice to help you improve your selling skills.
Sales Training 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.
Never Give Up
As an entrepreneur in Augusta, 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 Augusta and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Augusta, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Augusta, Kansas
Here are more links that we believe will help you be successful in starting a business in Augusta.
- Resources for Augusta, Kansas Entrepreneurs - Browse a variety of resources we've collected to assist Augusta entrepreneurs.
- Kansas Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Kansas.
- Kansas Small Business Development Center - The KSBDC Network provides Kansas entrepreneurs and small business owners with knowledge, tools and resources to enhance their success. Contact them and they will help you identify your business needs and guide you toward opportunities and solutions.
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