October 24, 2020  
 
  Entrepreneurial Resources - Advice for Alabama Entrepreneurs  
  Leeds, Alabama Resources for Entrepreneurs  
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Starting a Business in Leeds, Alabama

Thinking about starting a business in Leeds, Alabama? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Leeds.

Will You Be a Good Entrepreneur?

Most startup companies do not succeed, in part because the business owner did not have the perseverance and abilities that are necessary to succeed. So, before jumping into the world of entrepreneurship, consider all of the implications of being an entrepreneur.

Because entrepreneurship is not for everyone, we recommend you do the following to help you assess whether you should move forward with starting a business:

  • Speak with other entrepreneurs in Leeds. They are usually very willing to share their insights on the ups and downs of being an entrepreneur.
  • You should read Starting a Company. It's a good read for those who are thinking about becoming an entrepreneur.
  • Talk it over with a close friend or partner. Others sometimes know you better than you know yourself.

Leeds, Alabama Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 2016
5-9 Employees 876
10-19 Employees 324
20-49 Employees 276
50-99 Employees 72
100-249 Employees 60
250-499 Employees 12
500-999 Employees 0
1000+ Employees 0
All Leeds Businesses 3636

As a new Leeds entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Leeds 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
Automotive Parts and Accessories Stores 6
Beauty Salons 3
Beer, Wine, and Liquor Stores 1
Blind and Shade Manufacturing 1
Business Associations 1
Canvas and Related Product Mills 1
Cement Manufacturing 1
Child Day Care Services 3
Civic and Social Organizations 3
Coffee and Tea Manufacturing 1
Commercial Photography 1
Computer and Software Stores 1
Computer Systems Design Services 2
Consumer Lending 2
Convenience Stores 1
Drinking Places (Alcoholic Beverages) 2
Electric Power Distribution 1
Electrical Contractors 8
Engineering Services 3
Exterminating and Pest Control Services 1
Family Clothing Stores 1
Finish Carpentry Contractors 2
Fitness and Recreational Sports Centers 3
Floor Covering Stores 1
Flooring Contractors 2
Florists 3
Food Service Contractors 1
Framing Contractors 1
Full-Service Restaurants 5
Funeral Homes and Funeral Services 2
Furniture Merchant Wholesalers 1
Furniture Stores 1
General Automotive Repair 5
General Freight Trucking, Local 2
Gift, Novelty, and Souvenir Stores 1
Glass and Glazing Contractors 2
Golf Courses and Country Clubs 1
Hardware Stores 1
Home Centers 1
Industrial Mold Manufacturing 1
Insurance Agencies and Brokerages 7
Investment Advice 1
Janitorial Services 2
Jewelry Stores 1
Landscaping Services 3
Lessors of Other Real Estate Property 1
Limited-Service Restaurants 14
Machine Shops 2
Manufactured (Mobile) Home Dealers 1
Masonry Contractors 1
Mineral Wool Manufacturing 2
Miscellaneous Intermediation 2
Mortgage and Nonmortgage Loan Brokers 1
Museums 1
Natural Gas Distribution 1
Newspaper Publishers 1
Offices of Bank Holding Companies 1
Offices of Certified Public Accountants 2
Offices of Chiropractors 1
Offices of Dentists 4
Offices of Lawyers 1
Outdoor Power Equipment Stores 1
Outerwear Knitting Mills 1
Painting and Wall Covering Contractors 2
Periodical Publishers 1
Pharmacies and Drug Stores 3
Photography Studios, Portrait 2
Plate Work Manufacturing 1
Quick Printing 1
Racetracks 1
Railroad Rolling Stock Manufacturing 1
Residential Remodelers 1
Roofing Contractors 1
Securities Brokerage 1
Sheet Metal Work Manufacturing 1
Sign Manufacturing 2
Site Preparation Contractors 1
Snack and Nonalcoholic Beverage Bars 1
Sporting Goods Stores 1
Steel Wire Drawing 1
Testing Laboratories 1
Tile and Terrazzo Contractors 1
Tire Dealers 1
Travel Agencies 1
Used Car Dealers 5
Used Merchandise Stores 1
Veterinary Services 1
Video Tape and Disc Rental 1
Warehouse Clubs and Supercenters 1
Wholesale Trade Agents and Brokers 4
Wired Telecommunications Carriers 1
Women's Clothing Stores 2

Is Franchising a Better Option?

Browse the Yellow Pages for Leeds and you may be surprised to see how many franchises there are in the area. Is there a franchise opportunity out there that makes sense for you?

Most business experts recommend that you look into purchasing a franchise. We have many articles on franchises, such as Understanding Franchise Contracts. 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.

Sample franchise opportunities include Williams Fried Chicken and Mister Transmission International. Alternatively, you can browse franchise categories, such as Sports Franchises and Dollar Store Franchises.

Note on Leeds Franchise Opportunities: To find out if a franchise you are interested in is available in Leeds, you will need to get in direct contact with the franchisor.

What About Buying an Existing Leeds Business?

We've created a helpful website page for those who want to Buy a Business in Alabama. Follow that link and you might discover several good businesses for sale in Leeds.

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

Startup Financing Basics

Getting your Leeds business the capital it needs to succeed will be harder than you might expect. In fact, financing your new business may be the hardest challenge you ever face.

To learn about raising money, we recommend you read the fundraising articles on our site, such as Business Line of Credit.

For Leeds entrepreneurs in need of startup financing, you'll want to take a look at our List of Alabama Angel Investors and our List of Alabama Venture Capital Firms.

Getting the Word Out About Your New Company

To grow your Leeds business, having an excellent marketing plan is fundamental to your beating the competition.

You can learn all about marketing on our site. Yellow Pages Advertising Advice discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just a sampling of the many useful articles we have on Marketing a Small Business.

What's Next?

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

Owning your own business will be a daunting task, but you can do it.

We are here to help Leeds businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Leeds, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Leeds, Alabama

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

  • Resources for Leeds, Alabama Entrepreneurs - Browse a variety of resources we've collected to assist Leeds entrepreneurs.
  • Alabama Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Alabama.
  • Alabama Small Business Development Center - Alabama's Small Business Development Center (SBDC) counsels and trains business people in a wide variety of business topics and provides comprehensive information services and access to experts in many fields. Counseling is provided free of charge to all Alabama small business owners.
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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