Arkansas Business Startup Guides
Starting a Business in North Little Rock, Arkansas
Thinking about starting a business in North Little Rock, Arkansas? This step-by-step guide walks you through the major decisions you should consider before opening a new business in North Little Rock.
Are You Sure You Want to Do This?
Most new businesses fail, in part because the founder did not have the tenacity and/or the skills to succeed. So, before you open a business, 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:
- Talk to other entrepreneurs in North Little Rock. Ask them candidly what it's like to run a business.
- We recommend reading Characteristics of Successful Entrepreneurs. For aspiring new entrepreneurs, it's a must read article.
- Seek the advice of somebody who knows you well. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
Which Business to Choose?
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 Business Ideas That Don't Make Sense.
For step-by-step instructions on starting a variety of business types, visit the Good Businesses to Start section of our site. For example, you might be interested in our Starting a Physical & Biological Research Commercial Business guide or our Opening a Press Photographers Business guide.
Remember that you are opening your new business in North Little Rock. Some businesses will do better in North Little Rock than others. Study North Little Rock demographics and do a competitive analysis as part of your startup planning process.
North Little Rock, Arkansas Demographic Information
North Little Rock has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for North Little Rock demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in North Little Rock.
Businesses
As a new North Little Rock entrepreneur, you may also be interested in the table below. It shows how many businesses there are in North Little Rock 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.
Businesses
Have You Considered Buying an Existing North Little Rock Business?
An excellent way to get started in business is to Buy a Business in Arkansas. Follow that link and you may find several good businesses for sale in North Little Rock.
For anybody who wants to buy a business, we recommend reading this useful article: Hold Harmless Agreements When Buying Businesses.
Ramping Up Sales
Mastering the art of selling is priority one if you want your new North Little Rock business to do well.
Clever sales techniques can transform any business from good to great. Let us help you refine your selling techniques through our many useful sales advice tips.
Writing Great Proposals is worth reading, as it may give you some good ideas on how to sell your products or services. We have many more good articles on selling that you may enjoy reading.
Improving Your Entrepreneurial Skillset
Good entrepreneurs recognize that they don't know everything.
As an entrepreneur who lives in North Little Rock, Arkansas, you should investigate some of the learning programs at local Arkansas educational institutions. You should also check if there are any networking organizations for North Little Rock entrepreneurs.
Next Steps
Most new North Little Rock businesses underestimate the number of challenges they will face.
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 North Little Rock and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in North Little Rock, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in North Little Rock, Arkansas
Here are more links that we believe will help you be successful in starting a business in North Little Rock.
- Resources for North Little Rock, Arkansas Entrepreneurs - Browse a variety of resources we've collected to assist North Little Rock entrepreneurs.
- Arkansas Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Arkansas.
- Arkansas Small Business Development Center - The Arkansas Small Business Development Center (ASBDC) is a University-based economic development program which provides assistance to entrepreneurs and small businesses throughout Arkansas via a statewide network of seven offices.
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