January 11, 2021  
 
  Entrepreneurial Resources - Advice for Indiana Entrepreneurs  
  Ferdinand, Indiana Resources for Entrepreneurs  
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Start a Business in Ferdinand, Indiana

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

Ferdinand, Indiana Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 516
5-9 Employees 144
10-19 Employees 90
20-49 Employees 54
50-99 Employees 30
100-249 Employees 6
250-499 Employees 0
500-999 Employees 18
1000+ Employees 0
All Ferdinand Businesses 858

As a new Ferdinand entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Ferdinand 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
Automotive Parts and Accessories Stores 3
Beauty Salons 1
Beer, Wine, and Liquor Stores 1
Civic and Social Organizations 1
Cut Stock, Resawing Lumber, and Planing 1
Drinking Places (Alcoholic Beverages) 1
Drywall and Insulation Contractors 2
Electrical Contractors 2
Engineering Services 1
Environmental Consulting Services 1
Family Clothing Stores 1
Fine Arts Schools 1
Finish Carpentry Contractors 2
Fitness and Recreational Sports Centers 1
Flooring Contractors 1
Full-Service Restaurants 5
Funeral Homes and Funeral Services 1
Gift, Novelty, and Souvenir Stores 1
Hardware Stores 2
Heating Oil Dealers 1
Homes for the Elderly 2
Insurance Agencies and Brokerages 3
Landscaping Services 1
Limited-Service Restaurants 4
Logging 3
Masonry Contractors 4
Meat Markets 1
Motion Picture and Video Production 1
Newspaper Publishers 1
Nursing Care Facilities 2
Offices of Chiropractors 1
Offices of Dentists 1
Offices of Lawyers 3
Painting and Wall Covering Contractors 1
Pharmacies and Drug Stores 1
Photography Studios, Portrait 2
Residential Property Managers 1
Residential Remodelers 4
Sign Manufacturing 1
Site Preparation Contractors 1
Sporting Goods Stores 1
Tax Preparation Services 1
Used Merchandise Stores 1
Vending Machine Operators 2
Video Tape and Disc Rental 1
Vocational Rehabilitation Services 1
Water Supply and Irrigation Systems 1
Wholesale Trade Agents and Brokers 1
Wood Container and Pallet Manufacturing 1

What About Franchising Opportunities?

As you drive around Ferdinand, it's apparent that franchising has become a very popular way to start a business. But is franchising the right option for you?

Our recommendation is that you consider franchising as an option. We have many articles on franchises, such as Franchising Scams. Get a thorough education on franchising by browsing all of our Articles on Franchising.

You can review hundreds of franchise opportunities by browing our Franchise Directory.

Representative franchise opportunities include The Pizza Ranch and The Master Mechanic. Alternatively, you can browse franchise categories, such as Tax Preparation Franchises and Donut Shop Franchises.

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

Company Formation in Ferdinand, Indiana

A critical step is ensuring that you choose the right legal structure for your new entity. 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 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 Indiana, you don't necessarily have to incorporate in Indiana. As it turns out, you can 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'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 LLC Advantages. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Ferdinand, Indiana, our information on Incorporating in Indiana may be a useful resource if you decide to incorporate in Indiana.

Don't Skip the Business Plan

A business plan is essential in laying a solid foundation for your business success. Indeed, your business plan is your game plan for how you hope to grow your business. Starting a business without a business plan is a recipe for disaster.

To learn more about business plans, read Business Plan Outsourcing. You should also take advantage of face-to-face free consulting available from your local SCORE chapter in Indiana.

Letting the World Know You Exist

Whether your goal is to attract Ferdinand customers or you plan on selling elsewhere, having an excellent marketing plan is fundamental to your beating the competition.

We have some helpful resources on this site for entrepreneurs who are working on marketing plans. Six Tips for Getting Customer Testimonials is an article that will stimulate a few thoughts on your marketing plan. That's just one of the many useful articles we have on Marketing a Small Business.

The Art of Selling

Do you know how to sell? In order to attract customers to your new Ferdinand 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.

Selling on the Phone is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.

Increase Your Entrepreneurial Knowledge

Successful entrepreneurs know that they don't know everything.

As an entrepreneur who lives in Ferdinand, Indiana, you will want to take advantage of the many programs available at nearby Indiana universities, colleges and community colleges. We also recommend you look into Ferdinand networking organizations.

Now It's Up To You

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

If you choose the right business and love what you do, you will greatly increase your odds of success.

We are here to help Ferdinand businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Ferdinand, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Ferdinand, Indiana

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

 

 

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