January 24, 2021  
 
  Entrepreneurial Resources - Advice for Indiana Entrepreneurs  
  Monroeville, Indiana Resources for Entrepreneurs  
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Starting a Business in Monroeville, Indiana

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

What Business to Start

Choosing a business that is right for you is very important. We recommend that you 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 Opening a Construction Quality Control Business guide or our Starting an Orchards Business guide.

Remember that your new business will be in Monroeville. Some businesses will do better in Monroeville than others. A critical consideration is whether Monroeville demographics mesh well with your startup concept.

Monroeville, Indiana Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 324
5-9 Employees 126
10-19 Employees 81
20-49 Employees 0
50-99 Employees 0
100-249 Employees 9
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Monroeville Businesses 540

As a new Monroeville entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Monroeville 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
Beauty Salons 1
Beer, Wine, and Liquor Stores 1
Cemeteries and Crematories 1
Civic and Social Organizations 1
Drinking Places (Alcoholic Beverages) 1
Engineering Services 1
Finish Carpentry Contractors 2
Full-Service Restaurants 4
General Automotive Repair 3
Industrial Mold Manufacturing 1
Metal Stamping 1
New Car Dealers 3
New Housing Operative Builders 1
Offices of Dentists 1
Painting and Wall Covering Contractors 1
Pipeline Transportation of Natural Gas 1
Roofing Contractors 1
Snack and Nonalcoholic Beverage Bars 1
Wood Container and Pallet Manufacturing 1

Have You Considered Buying an Existing Monroeville Business?

We've created a handy website page for those who want to Buy a Business in Indiana. Follow that link and you can assess several good businesses for sale in Monroeville.

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

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.

Companies like Starbucks, Apple, Target, Microsoft and Intuit all have strong company names that are easy to remember and have become well-loved brands. Wouldn't it be nice if your new company name got on a similar track?

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

As a final piece of advice, remember that because you are opening a business in Monroeville, it's very important that you make sure your company name has not already been claimed by another Indiana business.

Startup Financing Basics

Raising money to fund your new Monroeville business requires strong organization skills and perseverance. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.

Take advantage of our many articles on raising capital, such as Only Idiots Send Venture Capitalists Business Plans.

For Monroeville entrepreneurs on the hunt for startup funding, you'll want to take a look at our List of Indiana Angel Investors and our List of Indiana Venture Capital Firms.

Ramping Up Sales

Being able to sell is a key enabler to your business success. Whether you are focused on selling local customers in Monroeville or are selling to customers throughout Indiana, 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? The good news is we can help you to make selling a big competitve advantage for your new firm.

Closing Sales offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.

What's Next?

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

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

This site is all about helping entrepreneurs in Monroeville and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Monroeville, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Monroeville, Indiana

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

 

 

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