Arkansas Business Startup Guides
Opening a Business in Jonesboro, Arkansas
Contemplating starting a business in Jonesboro, Arkansas? We walk you through the process of opening a business in Jonesboro.
Are You Sure You Want to Do This?
Most new companies don't make it, in part because the founder 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 Jonesboro. Ask them candidly what it's like to run a business.
- We recommend reading Why Small Businesses Fail. For aspiring new entrepreneurs, it's a must read article.
- Get feedback from somebody whom you trust. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
Jonesboro, Arkansas Demographic Information
Jonesboro has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Jonesboro demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Jonesboro.
As a new Jonesboro entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Jonesboro 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.
Is Franchising a Better Option?
Visit the business district of Jonesboro and you may be surprised to see how many franchises there are in the area. But is franchising the right option for you?
Our advice is to look into purchasing a franchise. This site has dozens of articles on franchising, such as Benefits of Owning A Franchise. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.
You can review hundreds of franchise opportunities by browing our Franchise Directory.
Representative franchise opportunities include Berryhill Baja Grill and Farmer Boys Restaurants. Alternatively, you can browse franchise categories, such as Food and Drink Franchises and Insurance Franchises.
Note on Jonesboro Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Jonesboro.
What About Buying an Existing Jonesboro Business?
An excellent way to get started in business is to Buy a Business in Arkansas. Follow that link and you might discover several good businesses for sale in Jonesboro.
Before buying a business, be sure to read this article: Buying a Business.
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.
Even if the name doesn't do it by itself, many naming experts believe there should be a story behind the name that ties into your company mission.
To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Business.
There's one other important factor when naming a business. Since you are opening a business in Jonesboro, it's imperative that you check now that your company name has not already been claimed by another Arkansas business.
Do You Need a Business Plan?
Having a business plan is critical 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 makes you more prone to becoming a business failure statistic.
Before you start writing a business plan, we suggest you skim Business Plan Mistakes. A great resource for business planning assistance is the free counseling sessions provided by your local SCORE chapter in Arkansas.
Advancing Your Entrepreneurial Skills
Good entrepreneurs recognize that what they know now may not be enough to ensure their future success.
Given that you are starting a business in Jonesboro, Arkansas, you should get information on some of the learning programs at local Arkansas educational institutions. You should also check if there are any networking groups or organizations in which Jonesboro entrepreneurs get together to network and trade their business experiences.
Most new Jonesboro 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 Jonesboro and elsewhere to achieve real success. 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 Jonesboro, Arkansas
Here are more links that we believe will help you be successful in starting a business in Jonesboro.
- Resources for Jonesboro, Arkansas Entrepreneurs - Browse a variety of resources we've collected to assist Jonesboro entrepreneurs.
- Arkansas Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Arkansas.
- Arkansas Small Business Development Center - The Arkansas Small Business Development Center (ASBDC) is a University-based economic development program which provides assistance to entrepreneurs and small businesses throughout Arkansas via a statewide network of seven offices.
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