January 16, 2021  
 
  Entrepreneurial Resources - Advice for Kansas Entrepreneurs  
  Protection, Kansas Resources for Entrepreneurs  
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Starting a Business in Protection, Kansas

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

What Business Are You Starting?

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 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 Opening a Fishery Consultants Business guide or our Opening a Plastic Scrap Business guide.

Remember that starting a business in Protection has some implications. Think about what needs are currently being underserved in Protection. Make sure you fully understand Protection demographics before you lock in on your business idea.

Protection, Kansas Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 57
5-9 Employees 24
10-19 Employees 3
20-49 Employees 6
50-99 Employees 0
100-249 Employees 0
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Protection Businesses 90

As a new Protection entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Protection 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
Child Day Care Services 2
Community Food Services 1
Full-Service Restaurants 2
General Automotive Repair 1
Insurance Agencies and Brokerages 1
Newspaper Publishers 1
Nursing Care Facilities 1
Offices of Bank Holding Companies 1
Pet Care (except Veterinary) Services 1
Retail Bakeries 1
Vocational Rehabilitation Services 1

What About Franchising Opportunities?

As you drive around Protection, you'll notice that many local entrepreneurs have gone the franchising route. Is franchising maybe a better way for you to start your business?

Our recommendation is that you consider franchising as an option. We have many articles on franchises, such as Credit and Franchise Purchasing. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.

A comprehensive list of franchisors is available via our List of Franchise Opportunities.

Sample franchise opportunities include Payless Car Rental and Saladworks, Inc.. Alternatively, you can browse franchise categories, such as Auto Rental Franchises and Modeling Franchises.

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

Forming a Company in Protection, Kansas

It's essential that your business is formed as a legal entity that is separate from its owners. 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.

Incorporating is a very popular way to form a business. A key decision is whether to form and S-Corp or a C-Corp, and you also must decide in which state you will incorporate. If you are starting a business in Kansas, it doesn't mean you are required to incorporate in Kansas. In fact, you can 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. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Where to Incorporate. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Protection, Kansas, our information on Incorporating in Kansas may be a useful resource if you decide to incorporate in Kansas.

Make Sure You Have a Business Plan

A business plan is essential in laying a solid foundation for your business success. In effect, a business plan describes what you plan to do with the business and how you plan to do it. Not having a business plan is a recipe for disaster.

To learn more about business plans, read Reasons to Write a Business Plan. You can also get free business counselors available to you through your local SCORE chapter in Kansas.

Raising Capital for Your Business

Getting your Protection business the capital it needs to succeed is not an easy task. To obtain business financing, you will need to hear a lot of rejections before you finally find a funding solution that works for you.

On the bright side, this site contains dozens of articles on raising money, including one we recommend entitled 504 Loans.

For Protection entrepreneurs who need startup capital, check out our List of Kansas Angel Investors and our List of Kansas Venture Capital Firms.

What's Next?

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

From this point on, you control your own destiny.

We are here to help Protection businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Protection 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 Protection, Kansas

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

 

 

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