Arkansas Business Startup Guides

Opening a Business in Gravette, Arkansas

Contemplating starting a business in Gravette, Arkansas? We walk you through the process of opening a business in Gravette.

Is Becoming an Entrepreneur Right for You?

Most startup ventures do not succeed, in part because the entrepreneur 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.

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

  • Talk to other entrepreneurs in Gravette. Get their take on what it's really like to be an entrepreneur.
  • We recommend reading Should You Become an Entrepreneur?. For aspiring new entrepreneurs, it's a must read article.
  • Have a candid conversation with friends and family. That's the best way to get a truly objective assessment as to whether others think you have what it takes.

Gravette, Arkansas Demographic Information

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

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

Business Size
# of
Businesses
1-4 Employees
150
5-9 Employees
87
10-19 Employees
39
20-49 Employees
39
50-99 Employees
3
100-249 Employees
3
250-499 Employees
0
500-999 Employees
0
1000+ Employees
0
All Gravette Businesses
321

As a new Gravette entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Gravette 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
Child Day Care Services
1
Commodity Contracts Brokerage
1
Electrical Contractors
3
Elementary and Secondary Schools
1
Finish Carpentry Contractors
2
Flooring Contractors
1
Full-Service Restaurants
5
Funeral Homes and Funeral Services
1
General Freight Trucking, Local
1
Hardware Stores
1
Janitorial Services
1
Landscaping Services
1
Lessors of Other Real Estate Property
1
Limited-Service Restaurants
2
Machine Shops
2
Masonry Contractors
2
Newspaper Publishers
1
Offices of Certified Public Accountants
1
Offices of Chiropractors
1
Offices of Dentists
2
Offices of Lawyers
1
Painting and Wall Covering Contractors
1
Pharmacies and Drug Stores
2
Radio Stations
1
Ready-Mix Concrete Manufacturing
1
Residential Remodelers
1
Roofing Contractors
2
Securities Brokerage
1
Site Preparation Contractors
2
Tire Dealers
1
Veterinary Services
2
Video Tape and Disc Rental
1
Water Supply and Irrigation Systems
1
Wholesale Trade Agents and Brokers
1

Is Franchising a Better Option?

As you drive around Gravette, you may be surprised to see how many franchises there are in the area. But is franchising the right option for you?

We highly recommend you consider franchising as an option. We have many articles on franchises, such as Staffing a Franchise. Become a franchising expert of sorts by reading more of our Articles on Franchising.

A comprehensive list of franchisors is available via our List of Franchise Opportunities.

Representative franchise opportunities include Precision Tune Auto Care and Weed Man. Alternatively, you can browse franchise categories, such as Dollar Store Franchises and Dry Cleaning & Laundry Franchises.

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

Is Buying an Existing Gravette Business a Good Strategy?

An excellent way to get started in business is to Buy a Business in Arkansas. Follow that link and you may find several good businesses for sale in Gravette.

If you are serious about buying a business, you may want to read this article: How to Buy a Business.

Picking a Company Name

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.

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.

To get up to speed on what makes for a good company name, we encourage you to read this useful article: Branding Advice.

There's one other important factor when naming a business. Since you are opening a business in Gravette, it's imperative that you check now that no other Arkansas company is using the business name you want to use.

Forming a Company in Gravette, Arkansas

It's very important that your business is formed as a legal entity that is separate from its owners. Without a legal structure for the business, you can be held personally liable for the actions, debts and obligations of your company.

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. If you are starting a business in Arkansas, you don't necessarily have to incorporate in Arkansas. In fact, 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 Nevada Incorporation. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Gravette, Arkansas, our information on Incorporating in Arkansas may be a useful resource if you decide to incorporate in Arkansas.

Moving Forward

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

From this point on, you control your own destiny.

This site is all about helping entrepreneurs in Gravette and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Gravette 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 Gravette, Arkansas

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

Starting-a-Business Guides for Other Cities in Arkansas

Starting a Business in Glenwood
Starting a Business in Greenwood

Browse All Business Startup Guides for Arkansas
Starting a Business Guides for Other States

 

 

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