Kansas Business Startup Guides
Starting a Business in Garnett, Kansas
Thinking about starting a business in Garnett, Kansas? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Garnett.
Will You Be a Good Entrepreneur?
An entrepreneurial life is hard work, much harder than working as an employee. Are you certain you have the stamina and skills to succeed on your own?
Here are three things we recommend you do before you fully commit to starting a new business of your own.
- Talk to other entrepreneurs in Garnett. They are usually very willing to share their insights on the ups and downs of being an entrepreneur.
- We recommend reading Why Small Businesses Fail. For aspiring new entrepreneurs, it's a must read article.
- Get feedback from somebody whom you trust. Others sometimes know you better than you know yourself.
Garnett, Kansas Demographic Information
Garnett has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Garnett demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Garnett.
As a new Garnett entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Garnett 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.
What About Franchising Opportunities?
As you drive around Garnett, it's apparent that franchising has become a very popular way to start a business. But is franchising the right option for you?
Our advice is to consider franchising as an option. We have many articles on franchises, such as Franchising and Veterans. Become a franchising expert of sorts by reading more of our Articles on Franchising.
You can find franchise opportunities by browsing our Franchise Opportunities Directory.
Note on Garnett Franchise Opportunities: To find out if a franchise you are interested in is available in Garnett, you will need to get in direct contact with the franchisor.
Should You Buy an Existing Garnett Business?
We've created a useful website page for those who want to Buy a Business in Kansas. Follow that link and you may find several good businesses for sale in Garnett.
If you are intent on buying a business, you may want to read this article: Buying a Business.
Naming the Company
Making the right decision when choosing a company name is very important. There are many decisions you'll make now that you can change later, but changing a company name years down the road is not very easy. So, choose a good company name at the outset.
Company names should be fun to say, and they should help people to understand what you do and how you differentiate yourself in the market.
For other considerations regarding naming a company, we recommend this article: Branding Advice.
There's one other important factor when naming a business. Since you are planning on starting a business in Garnett, it's critical that you ensure that no other Kansas company is using the business name you want to use.
Forming a Company in Garnett, Kansas
It's essential that your business is formed as a legal entity that is separate from its owners. Doing so will insulate 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. If you are starting a business in Kansas, it doesn't mean you are required to incorporate in Kansas. 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 are many nuances to forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as ESOP Formation. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Garnett, Kansas, our information on Incorporating in Kansas may be a useful resource if you decide to incorporate in Kansas.
Improving Your Entrepreneurial Skillset
Good entrepreneurs recognize that they need to continually improve.
Given that you are starting a business in Garnett, Kansas, you will want to take advantage of the many programs available at nearby Kansas universities, colleges and community colleges. It's also beneficial to see if there are any Garnett networking organizations.
As an entrepreneur in Garnett, 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 Garnett businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Garnett 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 Garnett, Kansas
Here are more links that we believe will help you be successful in starting a business in Garnett.
- Resources for Garnett, Kansas Entrepreneurs - Browse a variety of resources we've collected to assist Garnett entrepreneurs.
- Kansas Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Kansas.
- Kansas Small Business Development Center - The KSBDC Network provides Kansas entrepreneurs and small business owners with knowledge, tools and resources to enhance their success. Contact them and they will help you identify your business needs and guide you toward opportunities and solutions.
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