Kentucky Business Startup Guides
Opening a Business in Covington, Kentucky
Contemplating starting a business in Covington, Kentucky? We walk you through the process of opening a business in Covington.
Choosing the Right Company to Start
Choosing a business that is right for you is very important. If you are struggling with what type of business to start, read Free Business Ideas.
For in-depth how-to guides on how to start specific businesses, browse our Good Businesses to Start section of our site. For example, you might be interested in our Opening a Nautical Instruments Wholesale & Manufacturers Business guide or our Opening a Public Fishing Lakes & Ponds Business guide.
Always keep in mind that Covington is the place where you are starting a business. Some businesses will do better in Covington than others. Make sure you fully understand Covington demographics before you lock in on your business idea.
Covington, Kentucky Demographic Information
Covington has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Covington demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Covington.
As a new Covington entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Covington 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.
Should You Franchise?
As you drive around Covington, you'll notice that many local entrepreneurs have gone the franchising route. Is there a franchise opportunity out there that makes sense for you?
Most business experts recommend that you evaluate the possibility of your buying a franchise opportunity. We have many articles on franchises, such as Protecting Your Franchise Territory. 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.
Sample franchise opportunities include Snap-on-Tools Company and SandFree. Alternatively, you can browse franchise categories, such as Sports Restaurant Franchises and Children Arts Programs Franchises.
Note on Covington Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Covington.
Have You Considered Buying an Existing Covington Business?
We've created a useful website page for those who want to Buy a Business in Kentucky. Follow that link and you may find several good businesses for sale in Covington.
Before buying a business, be sure to read this article: Hold Harmless Agreements When Buying Businesses.
Selecting a Name For Your Venture
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.
For other considerations regarding naming a company, we recommend this article: Naming a Company.
On a final note, given that you are planning on starting a business in Covington, it's very important that you make sure no other Kentucky company is using the business name you want to use.
Marketing Your New Venture
To grow your Covington business, you'll need to have a good marketing plan.
You can learn plenty about marketing on our site. Seven Marketing Ideas for Your Small Business is a good read to get your marketing juices flowing. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.
You have a dream -- starting a business in Covington. 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.
We are here to help Covington businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Covington, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Covington, Kentucky
Here are more links that we believe will help you be successful in starting a business in Covington.
- Resources for Covington, Kentucky Entrepreneurs - Browse a variety of resources we've collected to assist Covington 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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