Louisiana Business Startup Guides
Opening a Business in Franklinton, Louisiana
Contemplating starting a business in Franklinton, Louisiana? We walk you through the process of opening a business in Franklinton.
Do You Have What It Takes?
Most new businesses do not succeed, in part because the founder did not have the tenacity and/or the skills to succeed. So, before jumping into the world of entrepreneurship, consider all of the implications of being an entrepreneur.
Before you move forward with starting a business, be sure to do these three things:
- Talk to other entrepreneurs in Franklinton. Get their candid feedback on what it takes to start a successful business.
- We recommend reading Why Small Businesses Fail. For aspiring new entrepreneurs, it's a must read article.
- Get feedback from somebody whom you trust. A support network of family and friends can be a great sounding board for good advice before you decide for sure to go into business.
Franklinton, Louisiana Demographic Information
Franklinton has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Franklinton demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Franklinton.
As a new Franklinton entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Franklinton 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.
Have You Considered Franchising?
As you drive around Franklinton, it becomes clear that purchasing a franchise is a common way to get started as an entrepreneur. But is franchising the right option for you?
Most business experts recommend that you look into purchasing a franchise. To help you learn more about franchising, we've gathered a ton of articles on franchising, including Evaluating Franchise Opportunities. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.
A comprehensive list of franchisors is available via our List of Franchise Opportunities.
Sample franchise opportunities include Only Doors & Windows, Inc. and Island Ink-Jet (R) Systems. Alternatively, you can browse franchise categories, such as Children's Franchises and Kitchen Design Franchises.
Note on Franklinton Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Franklinton.
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.
Even if the name doesn't do it by itself, many naming experts believe there should be a story behind the name that ties into your company mission.
To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Company.
On a final note, given that you are planning on starting a business in Franklinton, it's imperative that you check now that no other Louisiana company is using the business name you want to use.
Do You Need a Business Plan?
A business plan is critical in laying a solid foundation for your business success. Simply put, a business plan describes what you plan to do with the business and how you plan to do it. Failure to write a business plan is a recipe for disaster.
Before you start writing a business plan, we suggest you skim Business Plan Contests. A great resource for business planning assistance is the free business counselors available to you through your local SCORE chapter in Louisiana.
Marketing Your New Business
To rise above the crowd in Franklinton and build your business, you need a excellent marketing plan.
We have some helpful resources on this site for entrepreneurs who are working on marketing plans. How to Be an Effective Networker discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.
How to Improve Your Entrepreneurial Abilities
Good entrepreneurs recognize that what they know now may not be enough to ensure their future success.
As an entrepreneur who lives in Franklinton, Louisiana, you will want to take advantage of the learning programs at local Louisiana educational institutions. It's also beneficial to see if there are any networking organizations for Franklinton entrepreneurs.
Now It's Up To You
Most new Franklinton businesses underestimate the number of challenges they will face.
From this point on, you control your own destiny.
Our goal here is to promote the vitality and growth of small businesses in Franklinton and throughout the United States . We want to be there for you to answer your business questions, whether you are a new Franklinton 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 Franklinton, Louisiana
Here are more links that we believe will help you be successful in starting a business in Franklinton.
- Resources for Franklinton, Louisiana Entrepreneurs - Browse a variety of resources we've collected to assist Franklinton entrepreneurs.
- Louisiana Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Louisiana.
- Louisiana Small Business Development Center - The Louisiana Small Business Development Center (LSBDC Network) provides low- or no-cost guidance and training for small business owners and potential owners.
Starting-a-Business Guides for Other Cities in Louisiana
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