Nebraska Business Startup Guides
Opening a Business in Lexington, Nebraska
Contemplating starting a business in Lexington, Nebraska? We walk you through the process of opening a business in Lexington.
Are You Sure You Want to Do This?
Before you get too far along in the process, consider your entrepreneurial instincts and capabilities.
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Talk to other entrepreneurs in Lexington. Ask them candidly what it's like to run a business.
- We recommend reading Should You Become an Entrepreneur?. For aspiring new entrepreneurs, it's a must read article.
- Have a candid conversation with friends and family. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
What Business to Start
An important decision is what kind of business you want to start. 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 Opening an Apartment Rental Business guide or our Opening a Golf Carts Business guide.
Always keep in mind that you are starting a business in Lexington. The business you want to start may already be well-represented in Lexington. Make sure you fully understand Lexington demographics before you lock in on your business idea.
Lexington, Nebraska Demographic Information
Lexington has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Lexington demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Lexington.
As a new Lexington entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Lexington 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.
Have You Considered Franchising?
As you drive around Lexington, you'll notice that many local entrepreneurs have gone the franchising route. But is franchising the right option for you?
Most business experts recommend that you look into purchasing a franchise. We have many articles on franchises, such as Franchising and Veterans. Get a thorough education on franchising by browsing all of our Articles on Franchising.
A comprehensive list of franchisors is available via our List of Franchise Opportunities.
Sample franchise opportunities include American Dairy Queen Corporation and Precision Door Service. Alternatively, you can browse franchise categories, such as Sports Restaurant Franchises and Children Arts Programs Franchises.
Note on Lexington Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Lexington.
Company Formation in Lexington, Nebraska
It's very important that your business is formed as a legal entity that is separate from its owners. Doing so will protect you from personal liability for business debts and obligations.
The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
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. Just because you are starting a business in Nebraska, you don't necessarily have to incorporate in Nebraska. In fact, you can 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's a lot to know about forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as ESOP Formation. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Lexington, Nebraska, our information on Incorporating in Nebraska may be a useful resource if you decide to incorporate in Nebraska.
Marketing Your New Venture
Whether your goal is to attract Lexington customers or you plan on selling elsewhere, you need a solid marketing plan.
The Art of Selling
Being able to sell is critical to your business success. Whether you are focused on selling local customers in Lexington or are selling to customers throughout Nebraska, the United States or even the world, you have to be able to sell.
Why should customers buy from you instead of buying from competitors? Fortunately, we've got plenty of good advice to help you improve your selling skills.
You have a dream -- starting a business in Lexington. 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.
Our goal here is to promote the vitality and growth of small businesses in Lexington and throughout the United States . We want to be there for you to answer your business questions, whether you are a new Lexington entrepreneur who is just getting started or you are already up and running with your new venture.
More Entrepreneurial Resources for Starting a Business in Lexington, Nebraska
Here are more links that we believe will help you be successful in starting a business in Lexington.
- Resources for Lexington, Nebraska Entrepreneurs - Browse a variety of resources we've collected to assist Lexington entrepreneurs.
- Nebraska Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Nebraska.
- Nebraska Small Business Development Center - Nebraska Small Business Development Centers provided start-up, management and technical assistance to Nebraska entrepreneurs and Nebraska small business owners from offices throughout the state.
More Startup Articles for Nebraska Cities
Share this article
Additional Resources for Entrepreneurs