August 9, 2020  
 
  Entrepreneurial Resources - Advice for Ohio Entrepreneurs  
  Lima, Ohio Resources for Entrepreneurs  
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Open a Business in Lima, Ohio

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

What Business to Start

Choosing a business that is right for you is very important. If you are struggling with what type of business to start, read Good 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 Starting a Wholesale & Manufacturers Ice Cream Cone Business guide or our Starting an Oil & Gas Well Drilling Business guide.

Don't forget that starting a business in Lima has some implications. If Lima already has plenty of the kind of business you want to start, you might want to change your plans. Don't forget to review Lima demographics to see if there's a market for what you want to sell.

Lima, Ohio Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 17100
5-9 Employees 9720
10-19 Employees 6534
20-49 Employees 4302
50-99 Employees 1782
100-249 Employees 918
250-499 Employees 234
500-999 Employees 54
1000+ Employees 54
All Lima Businesses 40698

As a new Lima entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Lima 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 1
Ambulance Services 3
Animal (except Poultry) Slaughtering 2
Appliance Repair and Maintenance 3
Apprenticeship Training 2
Architectural Services 2
Armored Car Services 1
Automobile Driving Schools 1
Automobile Manufacturing 1
Automotive Exhaust System Repair 4
Automotive Glass Replacement Shops 4
Automotive Parts and Accessories Stores 18
Automotive Transmission Repair 2
Barber Shops 1
Beauty Salons 34
Beer and Ale Merchant Wholesalers 2
Beer, Wine, and Liquor Stores 5
Blood and Organ Banks 1
Boat Dealers 1
Book Stores 3
Bowling Centers 3
Building Inspection Services 1
Business Associations 4
Cable and Other Program Distribution 1
Cafeterias 1
Camera and Photographic Supplies Stores 2
Car Washes 7
Carpet and Upholstery Cleaning Services 3
Caterers 2
Cemeteries and Crematories 4
Child and Youth Services 4
Child Day Care Services 14
Children's and Infants' Clothing Stores 1
Civic and Social Organizations 17
Claims Adjusting 2
Clothing Accessories Stores 4
Coin-Operated Laundries and Drycleaners 5
Collection Agencies 3
Commercial Bakeries 1
Commercial Lithographic Printing 5
Commercial Screen Printing 2
Commodity Contracts Brokerage 1
Community Food Services 1
Computer and Software Stores 2
Computer Facilities Management Services 2
Computer Systems Design Services 1
Concrete Block and Brick Manufacturing 1
Confectionery and Nut Stores 1
Confectionery Merchant Wholesalers 2
Consumer Lending 4
Continuing Care Retirement Communities 3
Convenience Stores 9
Convention and Visitors Bureaus 1
Couriers 2
Credit Bureaus 1
Credit Unions 11
Custom Computer Programming Services 2
Custom Roll Forming 1
Dental Laboratories 4
Diagnostic Imaging Centers 3
Diet and Weight Reducing Centers 9
Direct Life Insurance Carriers 3
Direct Title Insurance Carriers 1
Discount Department Stores 6
Document Preparation Services 1
Drinking Places (Alcoholic Beverages) 24
Drywall and Insulation Contractors 6
Educational Support Services 1
Electric Power Distribution 1
Electrical Contractors 11
Electronic Shopping 1
Elementary and Secondary Schools 5
Emergency and Other Relief Services 2
Employment Placement Agencies 5
Engineering Services 11
Ethyl Alcohol Manufacturing 1
Exam Preparation and Tutoring 4
Exterminating and Pest Control Services 1
Facilities Support Services 1
Family Clothing Stores 7
Fine Arts Schools 6
Finish Carpentry Contractors 6
Fitness and Recreational Sports Centers 11
Floor Covering Stores 6
Flooring Contractors 5
Florists 8
Food (Health) Supplement Stores 5
Food Service Contractors 1
Formal Wear and Costume Rental 2
Fossil Fuel Electric Power Generation 1
Framing Contractors 6
Freight Transportation Arrangement 2
Full-Service Restaurants 59
Funeral Homes and Funeral Services 9
Furniture Stores 11
General Automotive Repair 24
General Freight Trucking, Local 5
General Medical and Surgical Hospitals 2
General Rental Centers 4
General Warehousing and Storage 9
Gift, Novelty, and Souvenir Stores 9
Glass and Glazing Contractors 2
Golf Courses and Country Clubs 6
Hardware Stores 3
Hazardous Waste Collection 1
Heavy Duty Truck Manufacturing 1
Hobby, Toy, and Game Stores 4
Home Centers 4
Home Health Care Services 8
Home Health Equipment Rental 2
Homes for the Elderly 5
Household Appliance Stores 3
Human Rights Organizations 3
Industrial Building Construction 2
Industrial Gas Manufacturing 1
Industrial Launderers 1
Insurance Agencies and Brokerages 45
Interior Design Services 1
Internet Service Providers 1
Investigation Services 2
Investment Advice 4
Iron and Steel Forging 1
Iron Foundries 2
Janitorial Services 12
Jewelry Stores 14
Junior Colleges 2
Kidney Dialysis Centers 1
Land Subdivision 2
Landscape Architectural Services 1
Landscaping Services 23
Lessors of Other Real Estate Property 6
Limited-Service Restaurants 83
Locksmiths 2
Machine Shops 8
Mail-Order Houses 3
Manufactured (Mobile) Home Dealers 1
Marketing Consulting Services 1
Masonry Contractors 7
Meat Markets 1
Meat Processed from Carcasses 1
Medical Laboratories 6
Men's Clothing Stores 3
Metal Heat Treating 1
Metal Stamping 2
Metal Tank (Heavy Gauge) Manufacturing 1
Metal Window and Door Manufacturing 1
Mobile Food Services 1
Mortgage and Nonmortgage Loan Brokers 5
Motor and Generator Manufacturing 2
Motor Vehicle Body Manufacturing 1
Motor Vehicle Metal Stamping 1
Motor Vehicle Towing 2
Motorcycle Dealers 3
Museums 3
Musical Groups and Artists 1
Musical Instrument and Supplies Stores 4
Musical Instrument Manufacturing 1
Nail Salons 2
Natural Gas Distribution 1
New Car Dealers 9
New Housing Operative Builders 3
Newspaper Publishers 1
Nitrogenous Fertilizer Manufacturing 1
Nonresidential Property Managers 2
Nursing Care Facilities 8
Office Administrative Services 4
Office Equipment Merchant Wholesalers 2
Office Supplies and Stationery Stores 5
Offices of Certified Public Accountants 15
Offices of Chiropractors 13
Offices of Dentists 31
Offices of Lawyers 50
Offices of Optometrists 5
Offices of Other Holding Companies 2
Offices of Podiatrists 3
Offices of Real Estate Appraisers 3
Ophthalmic Goods Merchant Wholesalers 1
Optical Goods Stores 6
Outdoor Power Equipment Stores 4
Packaging and Labeling Services 2
Packing and Crating 2
Paint and Wallpaper Stores 4
Painting and Wall Covering Contractors 7
Paper (except Newsprint) Mills 1
Pet and Pet Supplies Stores 2
Pet Care (except Veterinary) Services 6
Petroleum Bulk Stations and Terminals 3
Petroleum Refineries 1
Pharmacies and Drug Stores 14
Photography Studios, Portrait 7
Pipeline Transportation of Crude Oil 2
Plastics Plumbing Fixture Manufacturing 1
Plate Work Manufacturing 1
Political Organizations 2
Portfolio Management 4
Power-Driven Handtool Manufacturing 1
Prepress Services 1
Printing Ink Manufacturing 1
Professional Employer Organizations 2
Professional Organizations 2
Quick Printing 2
Racetracks 1
Radio Stations 10
Ready-Mix Concrete Manufacturing 2
Real Estate Credit 6
Refrigerated Warehousing and Storage 1
Residential Property Managers 10
Residential Remodelers 14
Retail Bakeries 1
Reupholstery and Furniture Repair 1
Roofing Contractors 8
Sales Financing 2
Savings Institutions 2
Sawmills 1
Securities Brokerage 10
Sheet Metal Work Manufacturing 1
Shoe Stores 12
Siding Contractors 2
Sign Manufacturing 6
Site Preparation Contractors 15
Small Arms Manufacturing 1
Snack and Nonalcoholic Beverage Bars 15
Soap and Other Detergent Manufacturing 1
Soft Drink Manufacturing 1
Solid Waste Collection 9
Special Needs Transportation 1
Sporting Goods Stores 6
Sports and Recreation Instruction 2
Tax Preparation Services 8
Telemarketing Bureaus 1
Television Broadcasting 3
Temporary Help Services 13
Temporary Shelters 3
Testing Laboratories 2
Theater Companies and Dinner Theaters 1
Tire and Tube Merchant Wholesalers 1
Tire Dealers 7
Title Abstract and Settlement Offices 3
Tobacco Stores 1
Travel Agencies 2
Travel Trailer and Camper Manufacturing 1
Used Car Dealers 13
Used Household and Office Goods Moving 3
Used Merchandise Stores 5
Vending Machine Operators 2
Veterinary Services 7
Video Tape and Disc Rental 10
Vocational Rehabilitation Services 4
Voluntary Health Organizations 1
Warehouse Clubs and Supercenters 3
Wholesale Trade Agents and Brokers 8
Wired Telecommunications Carriers 8
Women's Clothing Stores 10
Wood Container and Pallet Manufacturing 3
Wood Window and Door Manufacturing 1

Should You Franchise?

As you drive around Lima, you'll notice that many local entrepreneurs have gone the franchising route. Is there a franchise opportunity out there that makes sense for you?

We highly recommend you investigate buying a franchise. We have many articles on franchises, such as Credit and Franchise Purchasing. 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.

Sample franchise opportunities include Yakety Yak Wireless and Fetch! Pet Care. Alternatively, you can browse franchise categories, such as Home Furnishings Franchises and Automotive Services Franchises.

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

Forming a Company in Lima, Ohio

A critical step is ensuring that you choose the right legal structure for your new entity. 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.

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 Ohio, it doesn't mean you are required to incorporate in Ohio. 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. To learn the fundamentals of company formation, browse articles on our site, such as Piercing the Corporate Veil. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Lima, Ohio, our information on Incorporating in Ohio may be a useful resource if you decide to incorporate in Ohio.

The Role of the Business Plan

A business plan is vital 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.

If you want more information on writing business plans, we recommend reading Business Plan Contests. You can also get free counseling sessions provided by your local SCORE chapter in Ohio.

Letting the World Know You Exist

Whether your goal is to attract Lima customers or you plan on selling elsewhere, you'll need to have a good marketing plan.

You can learn a ton about marketing on our site. How to Get Started with Advertsing is a good read to get your marketing juices flowing. That's just one of the many useful articles we have on Marketing a Small Business.

What's Next?

You have a dream -- starting a business in Lima. To achieve your dream, you have to persevere, even when the odds are against you.

From this point on, you control your own destiny.

This site is all about helping entrepreneurs in Lima and elsewhere to achieve real success. 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 Lima, Ohio

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

  • Resources for Lima, Ohio Entrepreneurs - Browse a variety of resources we've collected to assist Lima entrepreneurs.
  • Ohio Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Ohio.
  • Ohio Small Business Development Center - Whether you're starting your business, expanding your business, or just looking to stay in business, the Small Business Development Centers of Ohio (SBDCs of Ohio) can help with professional guidance by connecting you with research, financing sources, and training opportunities.
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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