January 26, 2021  
 
  Entrepreneurial Resources - Advice for Kansas Entrepreneurs  
  Iola, Kansas Resources for Entrepreneurs  
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Start a Business in Iola, Kansas

Are you starting a business in Iola, Kansas? This article discusses the most important things to consider when opening a business in Iola.

Is Becoming an Entrepreneur Right for You?

Running your own business is difficult, much harder than working as an employee. Are you sure you are ready to take on this challenge?

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

  • Grab a meal or cofee with other entrepreneurs in Iola. Get their take on what it's really like to be an entrepreneur.
  • Take a look at Starting a Company. It's a short article but it's a good reality check for those are about to jump into the world of entrepreneurship.
  • 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.

Which Business to Choose?

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 Finding Your Niche in Life.

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 Opening a Freight & Cargo Transport Business guide or our Opening a Tax Reporting Services Business guide.

Remember that your new business will be in Iola. Some businesses will do better in Iola than others. Study Iola demographics and do a competitive analysis as part of your startup planning process.

Iola, Kansas Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 1752
5-9 Employees 612
10-19 Employees 336
20-49 Employees 324
50-99 Employees 60
100-249 Employees 36
250-499 Employees 12
500-999 Employees 12
1000+ Employees 0
All Iola Businesses 3144

As a new Iola entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Iola 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 1
Beer, Wine, and Liquor Stores 2
Bowling Centers 1
Business Associations 2
Cable and Other Program Distribution 1
Car Washes 1
Child and Youth Services 1
Child Day Care Services 2
Civic and Social Organizations 1
Commercial Lithographic Printing 2
Community Food Services 1
Computer and Software Stores 1
Computer Systems Design Services 1
Confectionery and Nut Stores 1
Continuing Care Retirement Communities 1
Direct Mail Advertising 1
Discount Department Stores 1
Drinking Places (Alcoholic Beverages) 2
Electric Power Distribution 1
Electrical Contractors 3
Elementary and Secondary Schools 2
Engineering Services 3
Exterminating and Pest Control Services 2
Family Clothing Stores 2
Fine Arts Schools 1
Finish Carpentry Contractors 1
Fitness and Recreational Sports Centers 1
Floor Covering Stores 2
Florists 2
Food Service Contractors 1
Full-Service Restaurants 8
Funeral Homes and Funeral Services 1
Furniture Stores 2
General Automotive Repair 3
General Freight Trucking, Local 2
General Medical and Surgical Hospitals 1
Gift, Novelty, and Souvenir Stores 2
Golf Courses and Country Clubs 3
Hardware Stores 1
Home Health Care Services 4
Homes for the Elderly 2
Household Appliance Stores 1
Insurance Agencies and Brokerages 10
Internet Service Providers 1
Janitorial Services 1
Jewelry Stores 1
Lessors of Other Real Estate Property 2
Limited-Service Restaurants 9
Linen Supply 1
Machine Shops 2
Manufactured (Mobile) Home Dealers 1
Metal Window and Door Manufacturing 1
Motor Vehicle Towing 1
Motorcycle Dealers 1
Museums 1
Natural Gas Distribution 1
New Car Dealers 1
Newspaper Publishers 1
Nursing Care Facilities 1
Office Administrative Services 3
Office Equipment Merchant Wholesalers 1
Office Supplies and Stationery Stores 1
Offices of Certified Public Accountants 1
Offices of Chiropractors 2
Offices of Dentists 4
Offices of Lawyers 4
Offices of Optometrists 2
Offices of Real Estate Appraisers 1
Outdoor Power Equipment Stores 1
Pet and Pet Supplies Stores 2
Pharmacies and Drug Stores 2
Photography Studios, Portrait 1
Portfolio Management 1
Radio Stations 1
Residential Property Managers 1
Residential Remodelers 1
Roofing Contractors 2
Securities Brokerage 1
Site Preparation Contractors 1
Tax Preparation Services 1
Temporary Shelters 1
Tire Dealers 1
Travel Agencies 1
Used Car Dealers 1
Veterinary Services 1
Video Tape and Disc Rental 1
Wired Telecommunications Carriers 1
Women's Clothing Stores 1

Should You Franchise?

As you drive around Iola, it's apparent that franchising has become a very popular way to start a business. Is it perhaps smarter to franchise a business instead of doing it from scratch.

Most business experts recommend that you investigate buying a franchise. On our site, you can read many articles about franchising, such as Franchising Mistakes. Become a franchising expert of sorts by reading more of our Articles on Franchising.

You can review hundreds of franchise opportunities by browing our Franchise Directory.

Sample franchise opportunities include American Town Mailer and Counter Gourmet Burgers, The. Alternatively, you can browse franchise categories, such as Child Care Franchises and Home Services Franchises.

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

Selecting a Name For Your Startup

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.

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.

As a final piece of advice, remember that because you are opening a business in Iola, it's critical that you ensure that no other Kansas company is using the business name you want to use.

Company Formation in Iola, Kansas

It's essential that your business is formed as a legal entity that is separate from its owners. The principal 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 Kansas, you don't necessarily have to incorporate in Kansas. As it turns out, you are allowed to 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 basics of company formation, browse articles on our site, such as Offshore Company Formation. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Iola, Kansas, our information on Incorporating in Kansas may be a useful resource if you decide to incorporate in Kansas.

Building Up Your Sales

Do you know how to sell? In order to attract customers to your new Iola business, you need to focus on sales.

Clever sales techniques can transform any business from good to great. The good news is we can help you to make selling a big competitve advantage for your new firm.

Selling Products on eBay is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.

Moving Forward

As an entrepreneur in Iola, 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.

Our goal here is to promote the vitality and growth of small businesses in Iola and throughout the United States . We believe entrepreneurship is an amazing engine for job creation in Iola, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Iola, Kansas

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

 

 

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