August 13, 2020  
 
  Entrepreneurial Resources - Advice for Arkansas Entrepreneurs  
  Fordyce, Arkansas Resources for Entrepreneurs  
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Start a Business in Fordyce, Arkansas

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

Fordyce, Arkansas Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 648
5-9 Employees 264
10-19 Employees 186
20-49 Employees 60
50-99 Employees 36
100-249 Employees 12
250-499 Employees 12
500-999 Employees 0
1000+ Employees 0
All Fordyce Businesses 1218

As a new Fordyce entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Fordyce 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 2
Beer, Wine, and Liquor Stores 3
Burial Casket Manufacturing 1
Business Associations 2
Child Day Care Services 3
Clothing Accessories Stores 1
Community Food Services 1
Convenience Stores 1
Discount Department Stores 1
Drinking Places (Alcoholic Beverages) 1
Electric Power Distribution 1
Elementary and Secondary Schools 1
Family Clothing Stores 1
Florists 2
Flour Milling 1
Full-Service Restaurants 2
Funeral Homes and Funeral Services 2
Furniture Stores 5
General Automotive Repair 1
General Freight Trucking, Local 1
General Medical and Surgical Hospitals 1
General Rental Centers 1
Golf Courses and Country Clubs 1
Hardware Stores 1
Home Centers 1
Homes for the Elderly 2
Industrial Building Construction 1
Institutional Furniture Manufacturing 1
Insurance Agencies and Brokerages 5
Jewelry Stores 2
Kidney Dialysis Centers 1
Landscaping Services 1
Lessors of Other Real Estate Property 1
Limited-Service Restaurants 6
Logging 18
Museums 1
New Car Dealers 5
Newspaper Publishers 1
Nonresidential Property Managers 1
Nursing Care Facilities 3
Offices of Dentists 1
Offices of Lawyers 3
Offices of Optometrists 1
Painting and Wall Covering Contractors 1
Petroleum Bulk Stations and Terminals 1
Pharmacies and Drug Stores 2
Photography Studios, Portrait 1
Radio Stations 1
Ready-Mix Concrete Manufacturing 1
Residential Property Managers 1
Roofing Contractors 1
Savings Institutions 1
Sawmills 2
Securities Brokerage 1
Shoe Stores 2
Snack and Nonalcoholic Beverage Bars 1
Support Activities for Forestry 1
Tax Preparation Services 1
Timber Tract Operations 1
Tire Dealers 1
Used Car Dealers 1
Veterinary Services 1
Video Tape and Disc Rental 1
Wired Telecommunications Carriers 1
Women's Clothing Stores 1

What About Franchising Opportunities?

Visit the business district of Fordyce and it's apparent that franchising has become a very popular way to start a business. Is it perhaps smarter to franchise a business instead of doing it from scratch.

We advise the entrepreneurs we work with to consider franchising as an option. We have many articles on franchises, such as The Franchising Process. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.

To learn about specific franchise opportunities, check out our Franchise Directory.

Sample franchise opportunities include The Johnny Rockets Group, Inc. and Gulliver's Doggie Daycare. Alternatively, you can browse franchise categories, such as Carpet Care Franchises and Deli Restaurant Franchises.

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

Have You Considered Buying an Existing Fordyce Business?

We've created a useful website page for those who want to Buy a Business in Arkansas. Follow that link and you may find several good businesses for sale in Fordyce.

Before buying a business, be sure to read this article: How to Buy a Business.

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.

We strongly advocate that you make sure the ".com" domain name is available for your company name. Every business needs a strong Web presence these days, and having a non ".com" domain means somebody else may outrank you in the search results for your own company name.

For other considerations regarding naming a company, we recommend this article: Naming a Company.

There's one other important factor when naming a business. Since you are opening a business in Fordyce, it's critical that you ensure that no Arkansas company has already registered the company name you have selected.

Forming a Company in Fordyce, Arkansas

It's very important that your business is formed as a legal entity that is separate from its owners. Doing so will shield you from personal liability for business debts and obligations.

When forming a company, you will pick from many company types, such as a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.

Incorporation 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 Arkansas, you don't necessarily have to incorporate in Arkansas. In fact, you can incorporate in any state you would like to. 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 basics of company formation, browse articles on our site, such as Subchapter S Corporations. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Fordyce, Arkansas, our web page covering Incorporating in Arkansas may be a useful resource if you decide to incorporate in Arkansas.

Marketing Your New Venture

Whether your goal is to attract Fordyce customers or you plan on selling elsewhere, you'll need to have a good marketing plan.

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

Next Steps

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

From this point on, you control your own destiny.

This site is all about helping entrepreneurs in Fordyce and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Fordyce, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Fordyce, Arkansas

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

 

 

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