January 19, 2021  
 
  Entrepreneurial Resources - Advice for Indiana Entrepreneurs  
  Gas City, Indiana Resources for Entrepreneurs  
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Opening a Business in Gas City, Indiana

Contemplating starting a business in Gas City, Indiana? We walk you through the process of opening a business in Gas City.

Is Becoming an Entrepreneur Right for You?

Most new ventures do not succeed, in part because the business owner did not have the tenacity and/or the skills to succeed. So, before you open a business, consider all of the implications of being an entrepreneur.

While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:

  • Speak with other entrepreneurs in Gas City. Get their take on what it's really like to be an entrepreneur.
  • You should read Starting a Company. It's a good read for those who are thinking about becoming an entrepreneur.
  • Talk it over with a close friend or partner. That's the best way to get a truly objective assessment as to whether others think you have what it takes.

Choosing the Right Company to Start

There are many businesses that you can start. How do you know which type of business is right for you? We recommend that you read Good 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 Starting an Alterations & Tailoring Business guide or our How to Start a Quilt Batting Manufacturer guide.

Don't forget that your new business will be in Gas City. Some businesses will do better in Gas City than others. A critical consideration is whether Gas City demographics mesh well with your startup concept.

Gas City, Indiana Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 186
5-9 Employees 69
10-19 Employees 45
20-49 Employees 24
50-99 Employees 15
100-249 Employees 3
250-499 Employees 0
500-999 Employees 3
1000+ Employees 0
All Gas City Businesses 345

As a new Gas City entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Gas City 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
Appliance Repair and Maintenance 1
Automotive Parts and Accessories Stores 3
Automotive Transmission Repair 1
Beer, Wine, and Liquor Stores 1
Bowling Centers 1
Business Associations 1
Car Washes 3
Carpet and Upholstery Cleaning Services 1
Cemeteries and Crematories 1
Child Day Care Services 1
Civic and Social Organizations 3
Coin-Operated Laundries and Drycleaners 2
Commercial Screen Printing 1
Computer Facilities Management Services 1
Convenience Stores 1
Credit Unions 1
Discount Department Stores 1
Engineering Services 1
Florists 2
Full-Service Restaurants 8
Funeral Homes and Funeral Services 1
Furniture Stores 1
General Automotive Repair 3
Glass and Glazing Contractors 1
Hardware Stores 1
Home Health Care Services 1
Insurance Agencies and Brokerages 2
Landscaping Services 1
Limited-Service Restaurants 8
Local Messengers and Local Delivery 1
Marketing Consulting Services 1
New Car Dealers 1
Nursing Care Facilities 1
Offices of Chiropractors 1
Offices of Dentists 1
Offices of Optometrists 1
Pharmacies and Drug Stores 2
Residential Property Managers 1
Savings Institutions 2
Securities Brokerage 1
Shoe Stores 1
Siding Contractors 1
Tax Preparation Services 1
Tobacco Stores 1
Used Car Dealers 1

Company Formation in Gas City, Indiana

It's essential that you form your business as a legal structure. The main advantage of forming your new business as a legal entity is that it separates your business liabilities from your personal liabilities.

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. A key decision is whether to form and S-Corp or a C-Corp, and you also must decide in which state you will incorporate. Just because you are starting a business in Indiana, you don't necessarily have to incorporate in Indiana. In fact, you can incorporate in the state of your choosing. 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. To learn the fundamentals of company formation, browse articles on our site, such as Where to Incorporate. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Gas City, Indiana, our information on Incorporating in Indiana may be a useful resource if you decide to incorporate in Indiana.

Do You Need a Business Plan?

A business plan is critical in laying a solid foundation for your business success. Indeed, a business plan is a written description of the future you envision for your business. Starting a business without a business plan is a recipe for disaster.

To learn more about business plans, read Business Plan Contests. A great resource for business planning assistance is the face-to-face free consulting available from your local SCORE chapter in Indiana.

The Art of Selling

Mastering the art of selling is essential if you want your new Gas City business to do well.

Why should customers buy from you instead of buying from competitors? The good news is we can help you to make selling a big competitve advantage for your new firm.

Good Sales Strategies offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.

Moving Forward

Most new Gas City businesses underestimate the number of challenges they will face.

Owning your own business will be a daunting task, but you can do it.

We are here to help Gas City businesses to be successful. We have a wealth of experience in business start-ups, financing, marketing, sales and more...and we've made all of our knowledge available to you.

More Entrepreneurial Resources for Starting a Business in Gas City, Indiana

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

 

 

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