Missouri Business Startup Guides
Start a Business in Kennett, Missouri
Are you starting a business in Kennett, Missouri? This article discusses the most important things to consider when opening a business in Kennett.
Is Becoming a Business Owner Right for You?
Before quitting your day job, take inventory of your entrepreneurial instincts and capabilities.
Before you move forward with starting a business, be sure to do these three things:
- Talk to other entrepreneurs in Kennett. 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.
Kennett, Missouri Demographic Information
Kennett has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Kennett demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Kennett.
Businesses
As a new Kennett entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Kennett 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.
Businesses
What About Buying an Existing Kennett Business?
We've created a handy website page for those who want to Buy a Business in Missouri. Follow that link and you may find several good businesses for sale in Kennett.
Before buying a business, be sure to read this article: How to Buy a Business.
Forming a Company in Kennett, Missouri
A critical step is ensuring 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 corporation, LLC, sole proprietorship, partnership or other structure.
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 Missouri, it doesn't mean you are required to incorporate in Missouri. As it turns out, you are allowed to incorporate wherever you want. For example, it's very popular to incorporate in Delaware, and incorporating in Nevada has become very trendy as well. Don't forget, though, that you will have to register as a foreign entity in all states that you do business in.
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 Pre-Incorporation Agreements. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Kennett, Missouri, our information on Incorporating in Missouri may be a useful resource if you decide to incorporate in Missouri.
Raising Money for Your New Venture
Getting your Kennett business the capital it needs to succeed requires strong organization skills and perseverance. If you don't have a rich uncle to fund you, you'll need to be creative in how you approach your fundraising efforts.
Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled How Equity Dilution Works.
For Kennett entrepreneurs who need startup capital, check out our List of Missouri Angel Investors and our List of Missouri Venture Capital Firms.
Marketing Your New Venture
Whether your goal is to attract Kennett customers or you plan on selling elsewhere, you need a solid marketing plan.
You can learn a ton about marketing on our site. Yellow Pages Advertising Advice is a good read to get your marketing juices flowing. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.
Advancing Your Entrepreneurial Skills
The best entrepreneurs recognize that they don't know everything.
With your business being located in Kennett, Missouri, you will want to take advantage of the learning programs at local Missouri educational institutions. It's also worthwhile to see if there are any networking organizations for Kennett entrepreneurs.
Moving Forward
You have a dream -- starting a business in Kennett. 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 Kennett 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 Kennett, Missouri
Here are more links that we believe will help you be successful in starting a business in Kennett.
- Resources for Kennett, Missouri Entrepreneurs - Browse a variety of resources we've collected to assist Kennett entrepreneurs.
- Missouri Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Missouri.
- Missouri Small Business Development Center - Missouri Small Business Development Center business specialists are uniquely qualified to help small businesses get started, develop and thrive.
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