August 12, 2020  
 
  Entrepreneurial Resources - Advice for Kentucky Entrepreneurs  
  Hodgenville, Kentucky Resources for Entrepreneurs  
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Starting a Business in Hodgenville, Kentucky

Thinking about starting a business in Hodgenville, Kentucky? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Hodgenville.

Which Business to Choose?

An important decision is what kind of business you want to start. You might get some good ideas about what kind of business to start by reading Business Ideas That Don't Make Sense.

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 a Natural Healing Products & Services Business guide or our Starting a Life Preservers, Rafts, & Floats Business guide.

Don't forget that you are opening your new business in Hodgenville. Some businesses will do better in Hodgenville than others. Study Hodgenville demographics and do a competitive analysis as part of your startup planning process.

Hodgenville, Kentucky Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 310
5-9 Employees 120
10-19 Employees 63
20-49 Employees 30
50-99 Employees 6
100-249 Employees 3
250-499 Employees 0
500-999 Employees 3
1000+ Employees 0
All Hodgenville Businesses 535

As a new Hodgenville entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Hodgenville 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
Automotive Parts and Accessories Stores 3
Beauty Salons 2
Book Stores 1
Business Associations 1
Cafeterias 1
Caterers 1
Child Day Care Services 6
Electrical Contractors 2
Finish Carpentry Contractors 1
Fitness and Recreational Sports Centers 3
Flooring Contractors 1
Florists 2
Framing Contractors 2
Full-Service Restaurants 3
Funeral Homes and Funeral Services 1
Furniture Stores 2
General Automotive Repair 2
General Freight Trucking, Local 4
Gift, Novelty, and Souvenir Stores 1
Golf Courses and Country Clubs 1
Insurance Agencies and Brokerages 7
Jewelry Stores 1
Landscaping Services 4
Limited-Service Restaurants 6
Machine Shops 2
Masonry Contractors 7
Museums 1
New Car Dealers 1
Newspaper Publishers 1
Office Administrative Services 1
Offices of Chiropractors 1
Offices of Dentists 3
Offices of Lawyers 8
Offices of Optometrists 1
Paint and Coating Manufacturing 1
Painting and Wall Covering Contractors 1
Petroleum Bulk Stations and Terminals 1
Pharmacies and Drug Stores 2
Radio Stations 1
Siding Contractors 1
Site Preparation Contractors 1
Sporting Goods Stores 1
Tax Preparation Services 2
Tobacco Stores 1
Veterinary Services 2
Video Tape and Disc Rental 1
Wood Container and Pallet Manufacturing 1

Should You Franchise?

Examine a list of Hodgenville businesses and you'll notice that many local entrepreneurs have gone the franchising route. But is franchising the right option for you?

Our recommendation is that you evaluate the possibility of your buying a franchise opportunity. This site has dozens of articles on franchising, such as Protecting Your Franchise Territory. Get a thorough education on franchising by browsing all of our Articles on Franchising.

To learn about specific franchise opportunities, check out our Franchise Directory.

Representative franchise opportunities include Sicily's Ulitimate Italian Buffet and Sport Clips. Alternatively, you can browse franchise categories, such as Cartridge Recycling Franchises and Handyman Services Franchises.

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

Have You Considered Buying an Existing Hodgenville Business?

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

Before buying a business, be sure to read this article: Buying a Business.

The Art of Selling

Being able to sell is critical to your business success. Whether you are focused on selling local customers in Hodgenville or are selling to customers throughout Kentucky, the United States or even the world, you have to be able to sell.

Why should customers buy from you instead of buying from competitors? Fortunately, we've got plenty of good advice to help you improve your selling skills.

How to Build and Motivate a Sales Team offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.

How to Improve Your Entrepreneurial Abilities

Good entrepreneurs know that they don't know everything.

Given that you are starting a business in Hodgenville, Kentucky, you will want to take advantage of the learning programs at local Kentucky educational institutions. We also recommend you look into networking organizations for Hodgenville entrepreneurs.

What's Next?

You have a dream -- starting a business in Hodgenville. To achieve your dream, you have to persevere, even when the odds are against you.

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

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

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

  • Resources for Hodgenville, Kentucky Entrepreneurs - Browse a variety of resources we've collected to assist Hodgenville entrepreneurs.
  • Kentucky Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Kentucky.
  • Kentucky Small Business Development Center - The Kentucky Small Business Development Center (KSBDC) has been assisting Kentucky small business community for more than 25 years. KSBDC is co-sponsored by the U.S. Small Business Administration and is administered by the University of Kentucky in partnership with regional universities, community and private colleges, and the private sector.
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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