January 24, 2021  
 
  Entrepreneurial Resources - Advice for Illinois Entrepreneurs  
  Louisville, Illinois Resources for Entrepreneurs  
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Open a Business in Louisville, Illinois

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

What Business Are You Starting?

There are many businesses that you can start. How do you know which type of business is right for you? If you are struggling with what type of business to start, 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 Starting a Used Sewing Machines Business guide or our How to Start a Rifle & Pistol Ranges Equipment & Supplies Business guide.

Remember that Louisville is the place where you are starting a business. The business you want to start may already be well-represented in Louisville. Only by spending some time analyzing Louisville demographics can you decide if there will be strong demand for your business idea.

Louisville, Illinois Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 1260
5-9 Employees 270
10-19 Employees 480
20-49 Employees 60
50-99 Employees 0
100-249 Employees 0
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Louisville Businesses 2070

As a new Louisville entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Louisville 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 1
Business Associations 1
Car Washes 1
Child Day Care Services 1
Community Food Services 1
Drilling Oil and Gas Wells 2
Drinking Places (Alcoholic Beverages) 1
Farm Supplies Merchant Wholesalers 2
Full-Service Restaurants 2
Funeral Homes and Funeral Services 1
General Freight Trucking, Local 3
Gift, Novelty, and Souvenir Stores 1
Home Health Care Services 1
Insurance Agencies and Brokerages 3
Livestock Merchant Wholesalers 1
Newspaper Publishers 1
Nursing Care Facilities 2
Offices of Certified Public Accountants 1
Offices of Chiropractors 1
Offices of Lawyers 1
Pet Care (except Veterinary) Services 1
Repossession Services 1
Residential Remodelers 2
Snack and Nonalcoholic Beverage Bars 1
Tire Dealers 1
Title Abstract and Settlement Offices 1
Used Car Dealers 3
Video Tape and Disc Rental 1
Wired Telecommunications Carriers 1

Have You Considered Buying an Existing Louisville Business?

We've created a handy website page for those who want to Buy a Business in Illinois. Follow that link and you may find several good businesses for sale in Louisville.

If you are headed down the path of buying a business, you may want to read this article: Hold Harmless Agreements When Buying Businesses.

Naming the Business

Making the right decision when choosing a company name is very important. There are many decisions you'll make now that you can change later, but changing a company name years down the road is not very easy. So, choose a good company name at the outset.

Company names need to be easy to spell, easy to pronounce, and easy to remember.

For other considerations regarding naming a company, we recommend this article: Naming a Company.

On a final note, given that you are planning on starting a business in Louisville, it's critical that you ensure that no other Illinois company is using the business name you want to use.

Make Sure You Have a Business Plan

A business plan is essential in maximizing the prospects of your new company. Simply put, a business plan describes what you plan to do with the business and how you plan to do it. Failure to write a business plan is a recipe for disaster.

To learn more about business plans, read Business Plan Contests. You should also take advantage of free business counselors available to you through your local SCORE chapter in Illinois.

Raising Money for Your Venture

Getting your Louisville business the capital it needs to succeed is not an easy task. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.

Take advantage of our many articles on securing funding, such as Business Incubators.

For Louisville entrepreneurs who need startup capital, you'll want to take a look at our List of Illinois Angel Investors and our List of Illinois Venture Capital Firms.

Now It's Up To You

As an entrepreneur in Louisville, you won't be working for the boss anymore. You are the boss.

If you choose the right business and love what you do, you will greatly increase your odds of success.

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

More Entrepreneurial Resources for Starting a Business in Louisville, Illinois

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

 

 

Additional Resources for Entrepreneurs

Buying a Business

Writing a Business Plan

Raising Money

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Small Business Marketing

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Customer Service Tips

Entrepreneurial Selling

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