Indiana Business Startup Guides

Start a Business in Richmond, Indiana

Are you starting a business in Richmond, Indiana? This article discusses the most important things to consider when opening a business in Richmond.

Richmond, Indiana Demographic Information

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

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

Business Size
# of
Businesses
1-4 Employees
23282
5-9 Employees
12222
10-19 Employees
8106
20-49 Employees
6216
50-99 Employees
2604
100-249 Employees
1218
250-499 Employees
336
500-999 Employees
210
1000+ Employees
84
All Richmond Businesses
54278

As a new Richmond entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Richmond 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
Aluminum Foundries (except Die-Casting)
1
Ambulance Services
1
Amusement Arcades
1
Appliance Repair and Maintenance
1
Architectural Services
2
Art Dealers
1
Automotive Exhaust System Repair
5
Automotive Parts and Accessories Stores
10
Automotive Transmission Repair
1
Baked Goods Stores
1
Beauty Salons
9
Beer, Wine, and Liquor Stores
9
Blood and Organ Banks
1
Boat Dealers
1
Book Stores
2
Bowling Centers
2
Broom, Brush, and Mop Manufacturing
1
Building Inspection Services
1
Burial Casket Manufacturing
6
Business Associations
2
Cable and Other Program Distribution
1
Camera and Photographic Supplies Stores
1
Car Washes
3
Carpet and Upholstery Cleaning Services
2
Caterers
1
Cemeteries and Crematories
2
Child Day Care Services
14
Civic and Social Organizations
18
Coin-Operated Laundries and Drycleaners
3
Collection Agencies
1
Commercial Flexographic Printing
1
Commercial Lithographic Printing
4
Community Food Services
1
Computer and Software Stores
1
Computer Systems Design Services
3
Continuing Care Retirement Communities
1
Convenience Stores
1
Cookie and Cracker Manufacturing
1
Cosmetology and Barber Schools
2
Couriers
1
Credit Unions
9
Crown and Closure Manufacturing
1
Dental Laboratories
2
Diagnostic Imaging Centers
2
Diet and Weight Reducing Centers
2
Direct Life Insurance Carriers
3
Discount Department Stores
2
Display Advertising
1
Dog and Cat Food Manufacturing
2
Drywall and Insulation Contractors
2
Educational Support Services
1
Electrical Contractors
16
Elementary and Secondary Schools
5
Emergency and Other Relief Services
1
Engineering Services
2
Exam Preparation and Tutoring
2
Family Clothing Stores
5
Family Planning Centers
1
Farm Product Warehousing and Storage
1
Farm Supplies Merchant Wholesalers
1
Fine Arts Schools
2
Finish Carpentry Contractors
3
Fitness and Recreational Sports Centers
7
Flooring Contractors
1
Florists
6
Fluid Milk Manufacturing
1
Food (Health) Supplement Stores
2
Food Service Contractors
2
Framing Contractors
1
Fruit and Vegetable Markets
1
Funeral Homes and Funeral Services
4
Furniture Stores
5
General Automotive Repair
13
General Freight Trucking, Local
3
General Medical and Surgical Hospitals
1
General Warehousing and Storage
5
Gift, Novelty, and Souvenir Stores
3
Golf Courses and Country Clubs
2
Grantmaking Foundations
1
Hand and Edge Tool Manufacturing
1
Hardware Manufacturing
1
Hardware Merchant Wholesalers
1
Hardware Stores
2
Heating Oil Dealers
1
Home Centers
1
Home Health Care Services
3
Home Health Equipment Rental
1
Homes for the Elderly
4
Household Appliance Stores
3
Human Rights Organizations
3
Industrial Launderers
1
Inorganic Dye and Pigment Manufacturing
1
Insurance Agencies and Brokerages
25
Interior Design Services
1
Internet Publishing and Broadcasting
1
Investment Advice
2
Iron Foundries
1
Janitorial Services
9
Jewelry Stores
6
Kidney Dialysis Centers
1
Landscaping Services
11
Lessors of Other Real Estate Property
1
Limited-Service Restaurants
35
Local Messengers and Local Delivery
1
Locksmiths
1
Manufactured (Mobile) Home Dealers
1
Marking Device Manufacturing
1
Masonry Contractors
1
Materials Recovery Facilities
1
Meat Markets
1
Men's Clothing Stores
1
Metal Window and Door Manufacturing
1
Mortgage and Nonmortgage Loan Brokers
1
Motor Vehicle Towing
1
Motorcycle Dealers
3
Museums
3
Musical Instrument and Supplies Stores
1
Natural Gas Distribution
1
New Car Dealers
7
Newspaper Publishers
1
Nonresidential Property Managers
3
Nursing Care Facilities
3
Office Administrative Services
3
Office Equipment Merchant Wholesalers
2
Office Supplies and Stationery Stores
3
Offices of Certified Public Accountants
6
Offices of Dentists
24
Offices of Lawyers
16
Offices of Optometrists
6
Offices of Podiatrists
1
Offices of Real Estate Appraisers
3
One-Hour Photofinishing
1
Optical Goods Stores
5
Packing and Crating
1
Paging
1
Paint and Wallpaper Stores
3
Painting and Wall Covering Contractors
8
Pet and Pet Supplies Stores
3
Pharmacies and Drug Stores
4
Photography Studios, Portrait
4
Political Organizations
1
Portfolio Management
1
Professional Employer Organizations
1
Professional Organizations
2
Quick Printing
3
Radio Stations
2
Ready-Mix Concrete Manufacturing
2
Recreational Vehicle Dealers
2
Residential Property Managers
3
Residential Remodelers
8
Retail Bakeries
3
Reupholstery and Furniture Repair
3
Roofing Contractors
2
Rooming and Boarding Houses
1
Securities Brokerage
9
Shoe Stores
6
Siding Contractors
3
Sign Manufacturing
3
Site Preparation Contractors
6
Snack and Nonalcoholic Beverage Bars
8
Special Needs Transportation
1
Sports and Recreation Instruction
2
Sports Teams and Clubs
1
Tax Preparation Services
5
Telephone Answering Services
2
Television Broadcasting
1
Temporary Help Services
6
Temporary Shelters
1
Tire Dealers
4
Title Abstract and Settlement Offices
3
Tobacco Stores
2
Travel Agencies
1
Used Car Dealers
9
Used Household and Office Goods Moving
3
Used Merchandise Stores
2
Veterinary Services
4
Video Tape and Disc Rental
4
Vocational Rehabilitation Services
2
Warehouse Clubs and Supercenters
2
Wholesale Trade Agents and Brokers
6
Wired Telecommunications Carriers
3
Women's Clothing Stores
6

What About Franchising Opportunities?

Browse the Yellow Pages for Richmond and you may be surprised to see how many franchises there are in the area. Would going with a franchise be a good idea for you?

Most business experts recommend that you consider franchising as an option. We have many articles on franchises, such as How to Get More Franchisees. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.

You can review hundreds of franchise opportunities by browing our Franchise Directory.

Sample franchise opportunities include Parmasters Golf Training Centers and Mr. Appliance. Alternatively, you can browse franchise categories, such as Embroidery Franchises and Meal Preparation Franchises.

Note on Richmond Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Richmond.

The Role of the Business Plan

Writing a business plan is essential to the health of your new business. Simply put, your business plan is your game plan for how you hope to grow your business. Starting a business without a business plan will greatly reduce your chances of business success.

To learn more about business plans, read Business Plan Contests. A great resource for business planning assistance is the face-to-face free consulting available from your local SCORE chapter in Indiana.

Marketing Your New Venture

To rise above the crowd in Richmond and build your business, you need a excellent marketing plan.

You can learn quite a bit about marketing on our site. Media Kits discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just one of the many useful articles we have on Marketing a Small Business.

How to Sell

Mastering the art of selling is priority one if you want your new Richmond business to do well.

Why should customers buy from you instead of buying from competitors? Fortunately, we've got plenty of good advice to help you improve your selling skills.

Cold Call Selling is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.

Advancing Your Entrepreneurial Skills

Good business owners know that what they know now may not be enough to ensure their future success.

As an entrepreneur who lives in Richmond, Indiana, you will want to take advantage of the many programs available at nearby Indiana universities, colleges and community colleges. It's also worthwhile to see if there are any networking groups or organizations in which Richmond entrepreneurs get together to network and trade their business experiences.

Moving Forward

Most new Richmond 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.

We are here to help Richmond businesses to be successful. We have a wealth of experience in business start-ups, financing, marketing, sales and more...and we've made all of our knowledge available to you.

More Entrepreneurial Resources for Starting a Business in Richmond, Indiana

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

Starting-a-Business Guides for Other Cities in Indiana

Starting a Business in Rensselaer
Starting a Business in Rising Sun

Browse All Business Startup Guides for Indiana
Starting a Business Guides for Other States

 

 

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