August 13, 2020  
 
  Entrepreneurial Resources - Advice for Arkansas Entrepreneurs  
  Conway, Arkansas Resources for Entrepreneurs  
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Open a Business in Conway, Arkansas

Need help starting a business in Conway, Arkansas? We've got the information you need to open a business in Conway.

Conway, Arkansas Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 26130
5-9 Employees 11100
10-19 Employees 6930
20-49 Employees 4920
50-99 Employees 1470
100-249 Employees 690
250-499 Employees 330
500-999 Employees 90
1000+ Employees 60
All Conway Businesses 51720

As a new Conway entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Conway 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 2
Aircraft Manufacturing 1
Amusement Arcades 2
Appliance Repair and Maintenance 3
Architectural Services 4
Art Dealers 1
Automatic Vending Machine Manufacturing 1
Automotive Exhaust System Repair 1
Automotive Glass Replacement Shops 3
Automotive Parts and Accessories Stores 7
Automotive Transmission Repair 2
Beauty Salons 16
Beer and Ale Merchant Wholesalers 2
Boat Dealers 2
Book Stores 7
Bowling Centers 1
Building Inspection Services 2
Business Associations 4
Cable and Other Program Distribution 2
Cafeterias 6
Car Washes 3
Carpet and Upholstery Cleaning Services 3
Caterers 4
Cemeteries and Crematories 1
Cheese Manufacturing 1
Child and Youth Services 6
Child Day Care Services 23
Civic and Social Organizations 3
Coin-Operated Laundries and Drycleaners 3
Collection Agencies 1
Commercial Lithographic Printing 2
Commercial Screen Printing 2
Computer and Software Stores 5
Computer Facilities Management Services 1
Computer Systems Design Services 4
Concrete Block and Brick Manufacturing 1
Confectionery and Nut Stores 2
Confectionery Merchant Wholesalers 1
Construction Sand and Gravel Mining 1
Continuing Care Retirement Communities 1
Convenience Stores 6
Cosmetology and Barber Schools 1
Couriers 3
Credit Unions 2
Custom Computer Programming Services 6
Dental Laboratories 3
Diagnostic Imaging Centers 3
Diet and Weight Reducing Centers 1
Direct Title Insurance Carriers 2
Discount Department Stores 2
Document Preparation Services 3
Drafting Services 2
Drinking Places (Alcoholic Beverages) 1
Drywall and Insulation Contractors 6
Electric Power Distribution 4
Electrical Contractors 16
Electronic Shopping 1
Elementary and Secondary Schools 6
Emergency and Other Relief Services 1
Engineering Services 8
Environmental Consulting Services 1
Exam Preparation and Tutoring 2
Exterminating and Pest Control Services 8
Facilities Support Services 2
Family Clothing Stores 8
Family Planning Centers 1
Farm Product Warehousing and Storage 1
Fine Arts Schools 1
Finish Carpentry Contractors 7
Fitness and Recreational Sports Centers 8
Floor Covering Stores 5
Florists 4
Folding Paperboard Box Manufacturing 1
Food (Health) Supplement Stores 5
Food Service Contractors 3
Framing Contractors 4
Freight Transportation Arrangement 2
Full-Service Restaurants 51
Funeral Homes and Funeral Services 3
Furniture Merchant Wholesalers 2
Furniture Stores 10
General Automotive Repair 10
General Freight Trucking, Local 4
General Medical and Surgical Hospitals 1
General Rental Centers 1
General Warehousing and Storage 2
Gift, Novelty, and Souvenir Stores 13
Glass and Glazing Contractors 3
Golf Courses and Country Clubs 3
Grantmaking Foundations 3
Graphic Design Services 1
Hardware Merchant Wholesalers 1
Hardware Stores 1
Heavy Duty Truck Manufacturing 1
Hobby, Toy, and Game Stores 3
Home Centers 2
Home Furnishing Merchant Wholesalers 2
Home Health Care Services 6
Home Health Equipment Rental 2
Homes for the Elderly 1
Household Appliance Stores 5
Human Rights Organizations 1
Industrial Building Construction 1
Industrial Design Services 1
Industrial Launderers 2
Institutional Furniture Manufacturing 2
Insurance Agencies and Brokerages 44
Interior Design Services 2
Internet Service Providers 3
Investigation Services 3
Investment Advice 2
Janitorial Services 9
Jewelry Stores 5
Junior Colleges 1
Kidney Dialysis Centers 2
Land Subdivision 2
Landscape Architectural Services 3
Landscaping Services 12
Limited-Service Restaurants 45
Limousine Service 3
Livestock Merchant Wholesalers 1
Machine Shops 4
Manufactured (Mobile) Home Dealers 8
Marketing Consulting Services 3
Masonry Contractors 3
Meat Markets 1
Men's Clothing Stores 1
Metal Household Furniture Manufacturing 1
Metal Stamping 1
Mortgage and Nonmortgage Loan Brokers 3
Motion Picture and Video Production 1
Motor Vehicle Towing 1
Motorcycle Dealers 2
Musical Instrument and Supplies Stores 2
New Car Dealers 10
New Housing Operative Builders 3
Newspaper Publishers 1
Nonresidential Property Managers 1
Nursing Care Facilities 7
Office Administrative Services 5
Office Equipment Merchant Wholesalers 1
Office Supplies and Stationery Stores 3
Offices of Bank Holding Companies 1
Offices of Certified Public Accountants 14
Offices of Chiropractors 9
Offices of Dentists 30
Offices of Lawyers 30
Offices of Optometrists 4
Offices of Other Holding Companies 2
Offices of Real Estate Appraisers 7
One-Hour Photofinishing 1
Optical Goods Stores 1
Outdoor Power Equipment Stores 1
Packing and Crating 2
Paint and Wallpaper Stores 3
Painting and Wall Covering Contractors 2
Passenger Car Rental 1
Periodical Publishers 1
Pet and Pet Supplies Stores 3
Pharmacies and Drug Stores 12
Photography Studios, Portrait 4
Pipeline Transportation of Natural Gas 1
Portfolio Management 4
Printing Ink Manufacturing 1
Private Mail Centers 1
Professional Employer Organizations 1
Professional Organizations 2
Quick Printing 3
Radio Stations 1
Ready-Mix Concrete Manufacturing 1
Real Estate Credit 1
Recreational Vehicle Dealers 1
Residential Property Managers 7
Residential Remodelers 11
Reupholstery and Furniture Repair 1
Roofing Contractors 1
Sales Financing 2
Sanitary Paper Product Manufacturing 1
School and Employee Bus Transportation 1
Securities Brokerage 9
Septic Tank and Related Services 2
Sheet Metal Work Manufacturing 1
Shoe Stores 8
Siding Contractors 4
Sign Manufacturing 2
Site Preparation Contractors 11
Snack and Nonalcoholic Beverage Bars 10
Solid Waste Collection 1
Sporting Goods Stores 12
Sports and Recreation Instruction 5
Steel Wire Drawing 1
Surface-Coated Paperboard Manufacturing 1
Tax Preparation Services 6
Taxi Service 1
Telemarketing Bureaus 3
Telephone Answering Services 1
Television Broadcasting 1
Temporary Help Services 5
Temporary Shelters 3
Testing Laboratories 2
Tile and Terrazzo Contractors 2
Tire Dealers 10
Title Abstract and Settlement Offices 3
Tobacco Stores 3
Travel Agencies 1
Travel Trailer and Camper Manufacturing 1
Truss Manufacturing 1
Used Car Dealers 9
Used Household and Office Goods Moving 1
Used Merchandise Stores 7
Vending Machine Operators 2
Veterinary Services 10
Video Tape and Disc Rental 5
Vocational Rehabilitation Services 1
Warehouse Clubs and Supercenters 2
Water Supply and Irrigation Systems 1
Web Search Portals 1
Wholesale Trade Agents and Brokers 9
Window Treatment Stores 1
Wineries 1
Wired Telecommunications Carriers 6
Women's Clothing Stores 8

What About Franchising Opportunities?

As you drive around Conway, you'll see that franchises make up a large percentage of local businesses. Is there a franchise opportunity out there that makes sense for you?

Our advice is to investigate buying a franchise. This site has dozens of articles on franchising, such as The Franchising Process. 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 Newport Furnishings and Merle Norman Cosmetics. Alternatively, you can browse franchise categories, such as Cleaning and Maintenance Franchises and Personal Services Franchises.

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

Choosing a Company Name

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 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: Naming a Business.

There's one other important factor when naming a business. Since you are starting a business in Conway, it's critical that you ensure that no other Arkansas company is using the business name you want to use.

Company Formation in Conway, Arkansas

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.

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 Arkansas, you don't necessarily have to incorporate in Arkansas. 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. To learn the fundamentals of company formation, browse articles on our site, such as C Corp Versus S Corp. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Conway, Arkansas, our information on Incorporating in Arkansas may be a useful resource if you decide to incorporate in Arkansas.

Raising Money for Your Venture

Getting your Conway business the capital it needs to succeed is a difficult chore. If you don't have a rich uncle to fund you, you'll need to be creative in how you approach your fundraising efforts.

Take advantage of our many articles on raising capital, such as Getting a Small Business Loan.

For Conway entrepreneurs in need of startup financing, you'll want to take a look at our List of Arkansas Angel Investors and our List of Arkansas Venture Capital Firms.

Ramping Up Sales

Do you know how to sell? In order to attract customers to your new Conway business, you need to focus on sales.

So what does it take to bring in more prospects and close more business? The good news is we can help you to make selling a big competitve advantage for your new firm.

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.

Next Steps

As an entrepreneur in Conway, 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.

We are here to help Conway businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Conway 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 Conway, Arkansas

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

 

 

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