Are you starting a business in Lebanon, Kansas? This article discusses the most important things to consider when opening a business in Lebanon.
Is Becoming an Entrepreneur Right for You?
Before quitting your day job, take inventory of your entrepreneurial instincts and capabilities.
With so much at stake when you start a business, we strongly recommend you do the following before you proceed:
- Speak with other entrepreneurs in Lebanon. Get their take on what it's really like to be an entrepreneur.
- You should read Business Failure. It's a good read for those who are thinking about becoming an entrepreneur.
- Involve a spouse, family member or trusted friend in the decision. That's the best way to get a truly objective assessment as to whether others think you have what it takes.
What Business Are You Starting?
An important decision is what kind of business you want to start. To stir your creative juices on what kind of business to start, take a look at How to Evaluate a Business Idea.
For step-by-step instructions on starting a variety of business types, visit the Good Businesses to Start section of our site. For example, you might be interested in our Starting a Real Estate Title Search & Abstract Services Business guide or our Opening a Steam Bath Equipment & Supplies Business guide.
Remember that you are starting a business in Lebanon. Some businesses will do better in Lebanon than others. A critical consideration is whether Lebanon demographics mesh well with your startup concept.
Lebanon, Kansas Demographic Information
Lebanon has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Lebanon demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Lebanon.
|Business Size||# of|
|All Lebanon Businesses
As a new Lebanon entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Lebanon 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.
Finish Carpentry Contractors
Site Preparation Contractors
Naming the Company
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.
For other considerations regarding naming a company, we recommend this article: Naming a Company.
There's one other important factor when naming a business. Since you are opening a business in Lebanon, it's very important that you make sure no Kansas company has already registered the company name you have selected.
Make Sure You Have a Business Plan
A business plan is essential in laying a solid foundation for your business success. Indeed, a business plan is a written description of the future you envision for your business. Not having a business plan is a recipe for disaster.
To learn more about business plans, read Free Business Plan Templates. You can also get face-to-face free consulting available from your local SCORE chapter in Kansas.
Marketing Your New Venture
To grow your Lebanon business, you'll need to have a good marketing plan.
We have some helpful resources on this site for entrepreneurs who are working on marketing plans. Avoiding Bad Product Launches is a good read to get your marketing thoughts flowing. That's just a sampling of the many useful articles we have on Marketing a Small Business.
The Art of Selling
Being able to sell is critical to your business success. Whether you are focused on selling local customers in Lebanon or are selling to customers throughout Kansas, the United States or even the world, you have to be able to sell.
Clever sales techniques can transform any business from good to great. Fortunately, we've got plenty of good advice to help you improve your selling skills.
Sales Training is worth reading, as it may give you some good ideas on how to sell your products or services. We have many more good articles on selling that you may enjoy reading.
You have a dream -- starting a business in Lebanon. To achieve your dream, you have to persevere, even when the odds are against you.
From this point on, you control your own destiny.
Our goal here is to promote the vitality and growth of small businesses in Lebanon 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 Lebanon, Kansas
Here are more links that we believe will help you be successful in starting a business in Lebanon.