Are you starting a business in North Newton, Kansas? This article discusses the most important things to consider when opening a business in North Newton.
Are You Sure You Want to Do This?
Running your own business is demanding, much harder than working as an employee. Are you sure you have the stamina and skills to succeed on your own?
Before you move forward with starting a business, be sure to do these three things:
- Speak with other entrepreneurs in North Newton. Ask them candidly what it's like to run a business.
- You should read The Entrepreneurial Personality. It's a good read for those who are thinking about becoming an entrepreneur.
- Reach out to a trusted acquaintance. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
North Newton, Kansas Demographic Information
North Newton has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for North Newton demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in North Newton.
|Business Size||# of|
|All North Newton Businesses
As a new North Newton entrepreneur, you may also be interested in the table below. It shows how many businesses there are in North Newton 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.
Child Day Care Services
Computer Systems Design Services
Continuing Care Retirement Communities
Food (Health) Supplement Stores
Home Furnishing Merchant Wholesalers
Insurance Agencies and Brokerages
Lessors of Other Real Estate Property
Wood Office Furniture Manufacturing
Selecting a Name For Your Venture
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.
Before you decide on a company name, run it by some prospective customers and see what they think. If they don't like it, it's probably a good idea to go back to the drawing board.
Numerous company naming issues are discussed in more detail in this article: Naming a Business.
As a final piece of advice, remember that because you are planning on starting a business in North Newton, it's critical that you ensure that your company name has not already been claimed by another Kansas business.
Raising Money for Your Venture
Raising money to fund your new North Newton business is very difficult due to the ongoing business credit crunch. In fact, financing your new business may be the hardest challenge you ever face.
Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled How Equity Dilution Works.
For North Newton entrepreneurs in need of startup financing, check out our List of Kansas Angel Investors and our List of Kansas Venture Capital Firms.
Promoting Your New Company
Whether your goal is to attract North Newton customers or you plan on selling elsewhere, having an excellent marketing plan is fundamental to your beating the competition.
You can learn quite a bit about marketing on our site. Marketing Versus Sales is an article that will stimulate a few thoughts on your marketing plan. That's just a sampling of the many useful articles we have on Marketing a Small Business.
Increase Your Entrepreneurial Knowledge
Good entrepreneurs know that they don't know everything.
As an entrepreneur who lives in North Newton, Kansas, you should check out some of the many programs available at nearby Kansas universities, colleges and community colleges. You should also check if there are any North Newton networking organizations.
As an entrepreneur in North Newton, 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.
Our goal here is to promote the vitality and growth of small businesses in North Newton and throughout the United States . We want to be there for you to answer your business questions, whether you are a new North Newton 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 North Newton, Kansas
Here are more links that we believe will help you be successful in starting a business in North Newton.