Kansas Business Startup Guides
Starting a Business in Gridley, Kansas
Thinking about starting a business in Gridley, Kansas? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Gridley.
Is Becoming a Business Owner Right for You?
Most startup businesses don't make it, in part because the business owner did not have the entrepreneurial skills and traits needed to succeed. So, before you start your 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:
- Talk to other entrepreneurs in Gridley. Get their take on what it's really like to be an entrepreneur.
- We recommend reading Characteristics of Successful Entrepreneurs. For aspiring new entrepreneurs, it's a must read article.
- Seek the advice of somebody who knows you well. That's the best way to get a truly objective assessment as to whether others think you have what it takes.
Gridley, Kansas Demographic Information
Gridley has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Gridley demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Gridley.
As a new Gridley entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Gridley 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 Buying an Existing Gridley Business?
An excellent way to get started in business is to Buy a Business in Kansas. Follow that link and you can assess several good businesses for sale in Gridley.
If you are headed down the path of buying a business, you may want to read this article: Hold Harmless Agreements When Buying Businesses.
Naming the Company
A big decision when starting a company is choosing a company name. Believe it or not, choosing a good company name can be a big contributor to your business success.
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.
To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Company.
There's one other important factor when naming a business. Since you are opening a business in Gridley, it's imperative that you check now that no other Kansas company is using the business name you want to use.
Forming a Company in Gridley, Kansas
A critical step is ensuring 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.
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, you don't necessarily have to incorporate in Kansas. In fact, you are allowed to 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. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Incorporating Online. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Gridley, Kansas, our information on Incorporating in Kansas may be a useful resource if you decide to incorporate in Kansas.
Do You Need a Business Plan?
A business plan is essential to the health of your new business. Simply put, a business plan is a written description of the future you envision for your business. Not having a business plan is a recipe for disaster.
If writing a business plan is on your to-do list, be sure to read Business Plan Contests. A great resource for business planning assistance is the free counseling sessions provided by your local SCORE chapter in Kansas.
Most new Gridley businesses underestimate the number of challenges they will face.
Owning your own business will be a daunting task, but you can do it.
This site is all about helping entrepreneurs in Gridley and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Gridley, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Gridley, Kansas
Here are more links that we believe will help you be successful in starting a business in Gridley.
- Resources for Gridley, Kansas Entrepreneurs - Browse a variety of resources we've collected to assist Gridley 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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