August 8, 2020  
 
  Entrepreneurial Resources - Advice for Kansas Entrepreneurs  
  Lakin, Kansas Resources for Entrepreneurs  
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Open a Business in Lakin, Kansas

Need help starting a business in Lakin, Kansas? We've got the information you need to open a business in Lakin.

Lakin, Kansas Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 128
5-9 Employees 51
10-19 Employees 18
20-49 Employees 6
50-99 Employees 0
100-249 Employees 3
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Lakin Businesses 206

As a new Lakin entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Lakin 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
Beer, Wine, and Liquor Stores 1
Business Associations 1
Child Day Care Services 1
Computer and Software Stores 1
Credit Unions 1
Electric Power Distribution 1
Elementary and Secondary Schools 1
Farm Supplies Merchant Wholesalers 1
Florists 2
Full-Service Restaurants 3
Funeral Homes and Funeral Services 1
General Automotive Repair 1
General Medical and Surgical Hospitals 1
Home Centers 1
Home Health Care Services 1
Insurance Agencies and Brokerages 4
Kidney Dialysis Centers 1
Limited-Service Restaurants 1
Marketing Consulting Services 1
Masonry Contractors 1
Meat Markets 1
Natural Gas Distribution 1
Newspaper Publishers 1
Nonresidential Property Managers 1
Office Administrative Services 1
Offices of Chiropractors 1
Offices of Dentists 1
Offices of Lawyers 1
Offices of Real Estate Appraisers 1
Pipeline Transportation of Natural Gas 3
Residential Remodelers 1
Snack and Nonalcoholic Beverage Bars 1
Veterinary Services 2

Is a Franchise Opportunity Right For You?

Visit the business district of Lakin and it becomes clear that purchasing a franchise is a common way to get started as an entrepreneur. But is franchising the right option for you?

Our advice is to investigate buying a franchise. We have many articles on franchises, such as Costs of Franchise Ownership. Get a thorough education on franchising by browsing all of our Articles on Franchising.

You can find franchise opportunities by browsing our Franchise Opportunities Directory.

Representative franchise opportunities include My Family CD and Wall Street Institute. Alternatively, you can browse franchise categories, such as Seafood Restaurant Franchises and Employment and Staffing Franchises.

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

Should You Buy an Existing Lakin Business?

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

If you are headed down the path of buying a business, you may want to read this article: How to Buy a Business.

Where to Get Money to Start a Company

Getting your Lakin business the capital it needs to succeed is not an easy task. If you don't have a rich uncle to fund you, you'll need to be creative in how you approach your fundraising efforts.

To learn about raising money, we recommend you read the fundraising articles on our site, such as How Equity Dilution Works.

For Lakin entrepreneurs who want to raise money for a new venture, you'll want to take a look at our List of Kansas Angel Investors and our List of Kansas Venture Capital Firms.

Selling Tips

Mastering the art of selling is essential if you want your new Lakin business to do well.

Not knowing how to sell can result in lost customers and minimal market share. The good news is we can help you to make selling a big competitve advantage for your new firm.

Selling on the Phone offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.

Improving Your Entrepreneurial Skillset

Good entrepreneurs recognize that they don't know everything.

With your business being located in Lakin, Kansas, you will want to take advantage of the learning programs at local Kansas educational institutions. It's also worthwhile to see if there are any networking groups or organizations in which Lakin entrepreneurs get together to network and trade their business experiences.

What's Next?

Most new Lakin businesses underestimate the number of challenges they will face.

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 Lakin and throughout the United States . 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 Lakin, Kansas

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

 

 

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