January 26, 2021  
 
  Entrepreneurial Resources - Advice for Louisiana Entrepreneurs  
  Lafayette, Louisiana Resources for Entrepreneurs  
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Opening a Business in Lafayette, Louisiana

Contemplating starting a business in Lafayette, Louisiana? We walk you through the process of opening a business in Lafayette.

What Business to Start

There are many businesses that you can start. How do you know which type of business is right for you? To help you decide on a business type, we encourage you to read Free Business Ideas.

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 How to Start a Group Insurance Business guide or our Starting a Household Goods Moving & Storage Business guide.

Always keep in mind that your new startup will be located in Lafayette. Some businesses will do better in Lafayette than others. Only by spending some time analyzing Lafayette demographics can you decide if there will be strong demand for your business idea.

Lafayette, Louisiana Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 79074
5-9 Employees 33120
10-19 Employees 21384
20-49 Employees 14931
50-99 Employees 4698
100-249 Employees 2997
250-499 Employees 702
500-999 Employees 162
1000+ Employees 162
All Lafayette Businesses 157230

As a new Lafayette entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Lafayette 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
Advertising Agencies 12
Ambulance Services 3
Amusement Arcades 2
Appliance Repair and Maintenance 5
Apprenticeship Training 1
Architectural Services 28
Armored Car Services 2
Art Dealers 4
Automobile Driving Schools 1
Automotive Exhaust System Repair 2
Automotive Glass Replacement Shops 5
Automotive Parts and Accessories Stores 30
Automotive Transmission Repair 6
Baked Goods Stores 2
Barber Shops 2
Beauty Salons 58
Bed-and-Breakfast Inns 1
Beer and Ale Merchant Wholesalers 2
Beer, Wine, and Liquor Stores 6
Blood and Organ Banks 4
Boat Dealers 3
Book Publishers 1
Book Stores 10
Books Printing 1
Bowling Centers 2
Building Inspection Services 2
Business Associations 7
Business to Business Electronic Markets 1
Cable and Other Program Distribution 4
Cafeterias 16
Camera and Photographic Supplies Stores 1
Canvas and Related Product Mills 1
Car Washes 13
Carpet and Upholstery Cleaning Services 7
Caterers 5
Cemeteries and Crematories 4
Charter Bus Industry 1
Child and Youth Services 6
Child Day Care Services 55
Children's and Infants' Clothing Stores 9
Civic and Social Organizations 10
Claims Adjusting 13
Clothing Accessories Stores 10
Coin-Operated Laundries and Drycleaners 4
Collection Agencies 5
Commercial Bakeries 4
Commercial Gravure Printing 1
Commercial Lithographic Printing 4
Commercial Photography 3
Commercial Screen Printing 2
Commodity Contracts Brokerage 1
Commodity Contracts Dealing 3
Community Food Services 3
Computer and Software Stores 11
Computer Facilities Management Services 1
Computer Systems Design Services 23
Computer Training 2
Confectionery and Nut Stores 3
Confectionery Merchant Wholesalers 1
Consumer Lending 30
Continuing Care Retirement Communities 4
Convenience Stores 17
Convention and Trade Show Organizers 1
Convention and Visitors Bureaus 1
Cosmetology and Barber Schools 3
Couriers 6
Court Reporting and Stenotype Services 5
Credit Unions 15
Curtain and Drapery Mills 1
Custom Computer Programming Services 26
Deep Sea Freight Transportation 1
Dental Laboratories 4
Diagnostic Imaging Centers 15
Diet and Weight Reducing Centers 2
Digital Printing 1
Direct Life Insurance Carriers 8
Direct Mail Advertising 2
Direct Title Insurance Carriers 1
Directory and Mailing List Publishers 4
Display Advertising 1
Document Preparation Services 3
Drafting Services 5
Drilling Oil and Gas Wells 17
Drinking Places (Alcoholic Beverages) 31
Drywall and Insulation Contractors 11
Educational Support Services 1
Electric Power Distribution 5
Electrical Contractors 37
Electronic Auctions 1
Electronic Shopping 3
Elementary and Secondary Schools 8
Employment Placement Agencies 4
Engineering Services 91
Environmental Consulting Services 24
Exam Preparation and Tutoring 5
Exterminating and Pest Control Services 10
Facilities Support Services 7
Family Clothing Stores 31
Farm Supplies Merchant Wholesalers 1
Fine Arts Schools 11
Finish Carpentry Contractors 8
Fish and Seafood Markets 2
Fish and Seafood Merchant Wholesalers 1
Fitness and Recreational Sports Centers 15
Floor Covering Stores 10
Flooring Contractors 6
Florists 13
Fluid Milk Manufacturing 1
Food (Health) Supplement Stores 9
Food Service Contractors 14
Footwear and Leather Goods Repair 1
Formal Wear and Costume Rental 4
Fossil Fuel Electric Power Generation 1
Framing Contractors 5
Freight Transportation Arrangement 4
Fresh and Frozen Seafood Processing 1
Fruit and Vegetable Markets 2
Full-Service Restaurants 122
Funeral Homes and Funeral Services 9
Furniture Merchant Wholesalers 2
Furniture Stores 28
General Automotive Repair 37
General Freight Trucking, Local 9
General Medical and Surgical Hospitals 10
General Rental Centers 8
General Warehousing and Storage 4
Gift, Novelty, and Souvenir Stores 34
Glass and Glazing Contractors 5
Golf Courses and Country Clubs 2
Grantmaking Foundations 8
Graphic Design Services 10
Hardware Merchant Wholesalers 2
Hardware Stores 6
Hazardous Waste Collection 2
Hobby, Toy, and Game Stores 6
Home Centers 4
Home Furnishing Merchant Wholesalers 3
Home Health Care Services 26
Home Health Equipment Rental 3
Homes for the Elderly 5
Household Appliance Stores 8
Human Rights Organizations 1
Industrial Building Construction 4
Industrial Launderers 3
Industrial Mold Manufacturing 1
Industrial Valve Manufacturing 1
Inland Water Passenger Transportation 1
Insurance Agencies and Brokerages 126
Interior Design Services 9
Internet Service Providers 1
Investigation Services 7
Investment Advice 27
Janitorial Services 25
Jewelry (except Costume) Manufacturing 1
Jewelry Stores 25
Kidney Dialysis Centers 2
Land Subdivision 6
Landscape Architectural Services 4
Landscaping Services 35
Leather and Hide Tanning and Finishing 1
Lessors of Other Real Estate Property 14
Libraries and Archives 1
Limited-Service Restaurants 128
Limousine Service 2
Linen Supply 1
Local Messengers and Local Delivery 2
Locksmiths 9
Luggage and Leather Goods Stores 1
Machine Shops 15
Mail-Order Houses 1
Manifold Business Forms Printing 1
Manufactured (Mobile) Home Dealers 5
Marinas 1
Marketing Consulting Services 10
Marking Device Manufacturing 2
Masonry Contractors 9
Materials Recovery Facilities 1
Meat Markets 3
Media Representatives 2
Medical Laboratories 8
Men's Clothing Stores 11
Metal Heat Treating 2
Metal Window and Door Manufacturing 3
Miscellaneous Intermediation 16
Mobile Food Services 1
Mortgage and Nonmortgage Loan Brokers 23
Motion Picture and Video Production 3
Motor Vehicle Towing 5
Motorcycle Dealers 6
Museums 4
Musical Groups and Artists 2
Musical Instrument and Supplies Stores 6
Musical Instrument Manufacturing 2
Nail Salons 8
Natural Gas Distribution 1
Natural Gas Liquid Extraction 1
Navigational Services to Shipping 1
New Car Dealers 18
New Housing Operative Builders 12
Newspaper Publishers 4
Nonresidential Property Managers 17
Nursing Care Facilities 13
Office Administrative Services 38
Office Equipment Merchant Wholesalers 13
Office Supplies and Stationery Stores 7
Offices of Bank Holding Companies 1
Offices of Certified Public Accountants 76
Offices of Chiropractors 27
Offices of Dentists 93
Offices of Lawyers 333
Offices of Optometrists 8
Offices of Other Holding Companies 2
Offices of Podiatrists 2
Offices of Real Estate Appraisers 8
One-Hour Photofinishing 1
Optical Goods Stores 14
Outdoor Power Equipment Stores 5
Packaging and Labeling Services 1
Paging 3
Paint and Wallpaper Stores 7
Painting and Wall Covering Contractors 15
Parking Lots and Garages 1
Passenger Car Leasing 2
Passenger Car Rental 12
Payroll Services 7
Periodical Publishers 2
Perishable Prepared Food Manufacturing 2
Pet and Pet Supplies Stores 9
Pet Care (except Veterinary) Services 5
Petrochemical Manufacturing 1
Petroleum Bulk Stations and Terminals 5
Pharmacies and Drug Stores 32
Photography Studios, Portrait 12
Pipeline Transportation of Crude Oil 1
Pipeline Transportation of Natural Gas 6
Plastics Bag Manufacturing 1
Political Organizations 2
Portfolio Management 8
Powder Metallurgy Part Manufacturing 2
Precision Turned Product Manufacturing 1
Private Mail Centers 2
Professional Employer Organizations 7
Professional Organizations 5
Public Relations Agencies 2
Quick Printing 4
Radio Stations 2
Ready-Mix Concrete Manufacturing 4
Real Estate Credit 13
Real Estate Investment Trusts 1
Recreational Goods Rental 1
Recreational Vehicle Dealers 3
Refrigerated Warehousing and Storage 1
Reinsurance Carriers 1
Remediation Services 3
Repossession Services 1
Residential Property Managers 18
Residential Remodelers 16
Retail Bakeries 5
Reupholstery and Furniture Repair 1
Roofing Contractors 7
Rope, Cordage, and Twine Mills 1
Sales Financing 1
Satellite Telecommunications 2
Savings Institutions 7
Scheduled Passenger Air Transportation 3
Securities Brokerage 46
Security Guards and Patrol Services 3
Septic Tank and Related Services 1
Sheet Metal Work Manufacturing 2
Shoe Stores 28
Siding Contractors 7
Sign Manufacturing 3
Site Preparation Contractors 10
Snack and Nonalcoholic Beverage Bars 28
Soap and Other Detergent Manufacturing 3
Soft Drink Manufacturing 1
Solid Waste Collection 1
Special Needs Transportation 1
Spice and Extract Manufacturing 2
Sporting Goods Stores 16
Sports and Recreation Instruction 5
Support Activities for Coal Mining 1
Tax Preparation Services 16
Taxi Service 1
Telephone Answering Services 6
Television Broadcasting 4
Temporary Help Services 26
Temporary Shelters 3
Testing Laboratories 13
Theater Companies and Dinner Theaters 2
Tile and Terrazzo Contractors 4
Timber Tract Operations 1
Tire and Tube Merchant Wholesalers 1
Tire Dealers 22
Title Abstract and Settlement Offices 14
Tobacco Stores 10
Toilet Preparation Manufacturing 1
Tour Operators 1
Travel Agencies 7
Used Car Dealers 16
Used Household and Office Goods Moving 5
Used Merchandise Stores 13
Vending Machine Operators 2
Veterinary Services 20
Video Tape and Disc Rental 11
Vocational Rehabilitation Services 16
Voluntary Health Organizations 9
Warehouse Clubs and Supercenters 5
Water Supply and Irrigation Systems 2
Wholesale Trade Agents and Brokers 10
Window Treatment Stores 4
Wired Telecommunications Carriers 14
Women's Clothing Stores 37
Wood Window and Door Manufacturing 1

What About Franchising Opportunities?

As you drive around Lafayette, it's apparent that franchising has become a very popular way to start a business. But is franchising the right option for you?

We highly recommend you investigate buying a franchise. On our site, you can read many articles about franchising, such as Franchisees Versus Licensees. 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 Hawaii's Java Kai and Culligan International. Alternatively, you can browse franchise categories, such as Franchises that Serve Liquor and Hair Styling Franchises.

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

Have You Considered Buying an Existing Lafayette Business?

If you have some capital to play with, you may want to Buy a Business in Louisiana. Follow that link and you can assess several good businesses for sale in Lafayette.

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

Picking a Business Name

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.

Pick a company name that isn't too generic. If you do a search engine search for your proposed name and a billion results come up, you may want to reconsider the name. It's much easier to come up in the search engines when your name is fairly unique.

Numerous company naming issues are discussed in more detail in this article: Naming a Business.

As a final piece of advice, remember that because you are starting a business in Lafayette, it's critical that you ensure that your company name has not already been claimed by another Louisiana business.

Forming a Company in Lafayette, Louisiana

A critical step is ensuring that you choose the right legal structure for your new entity. Without a legal structure for the business, you can be held personally liable for the actions, debts and obligations of your company.

When forming a company, you will select one of many company types, such as 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 Louisiana, you don't necessarily have to incorporate in Louisiana. In fact, 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 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 How to Incorporate. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Lafayette, Louisiana, our web page covering Incorporating in Louisiana may be a useful resource if you decide to incorporate in Louisiana.

Raising Money for Your Startup

Raising money to fund your new Lafayette business is very difficult due to the ongoing business credit crunch. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.

Take advantage of our many articles on raising capital, such as Business Cash Advances.

For Lafayette entrepreneurs on the hunt for startup funding, browse our List of Louisiana Angel Investors and our List of Louisiana Venture Capital Firms.

Next Steps

As an entrepreneur in Lafayette, you won't be working for the boss anymore. You are the boss.

From this point on, you control your own destiny.

We are here to help Lafayette businesses to be successful. 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 Lafayette, Louisiana

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

 

 

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