Kentucky Business Startup Guides
Opening a Business in Shepherdsville, Kentucky
Contemplating starting a business in Shepherdsville, Kentucky? We walk you through the process of opening a business in Shepherdsville.
What Type of Business Should You Start?
Choosing a business that is right for you is very important. To help you decide on a business type, we encourage you to read Good Business Ideas.
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 How to Start a Collectible Angels Business guide or our How to Start an Espresso Machines Retail Business guide.
Remember that you are starting a business in Shepherdsville. If Shepherdsville already has plenty of the kind of business you want to start, you might want to change your plans. A critical consideration is whether Shepherdsville demographics mesh well with your startup concept.
Shepherdsville, Kentucky Demographic Information
Shepherdsville has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Shepherdsville demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Shepherdsville.
As a new Shepherdsville entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Shepherdsville 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.
Is Franchising a Better Option?
As you drive around Shepherdsville, you may be surprised to see how many franchises there are in the area. So, it probably makes sense for you to consider franchising too.
Most business experts recommend that you consider franchising as an option. We have many articles on franchises, such as Buying a Franchise. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Sample franchise opportunities include PC Kidz and A&A Cruises & Travel. Alternatively, you can browse franchise categories, such as Business Services Franchises and Child Education and Tutoring Franchises.
Note on Shepherdsville Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Shepherdsville.
Have You Considered Buying an Existing Shepherdsville Business?
An excellent way to get started in business is to Buy a Business in Kentucky. Follow that link and you can assess several good businesses for sale in Shepherdsville.
For anybody who wants to buy a business, we recommend reading this useful article: Buying a Business.
Forming a Company in Shepherdsville, Kentucky
It's very important that your business is formed as a legal entity that is separate from its owners. Doing so will shield you from personal liability for business debts and obligations.
When forming a company, you will select one of many company types, such as a corporation, LLC, sole proprietorship, partnership or other structure.
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 Kentucky, you don't necessarily have to incorporate in Kentucky. In fact, you can incorporate in the state of your choosing. For example, it's very popular to incorporate in Delaware, and incorporating in Nevada has become very trendy as well. Don't forget, though, that you will have to register as a foreign entity in all states that you do business in.
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 Nevada Incorporation. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Shepherdsville, Kentucky, our web page covering Incorporating in Kentucky may be a useful resource if you decide to incorporate in Kentucky.
Don't Forget to Create a Business Plan
A business plan is vital in laying a solid foundation for your business success. Simply put, a business plan is a written description of the future you envision for your business. Not having a business plan is a recipe for disaster.
To learn more about business plans, read Business Plan Software. A great resource for business planning assistance is the free business counselors available to you through your local SCORE chapter in Kentucky.
Learning More About Entrepreneurship
The best entrepreneurs recognize that what they know now may not be enough to ensure their future success.
Given that you are starting a business in Shepherdsville, Kentucky, you should investigate some of the many programs available at nearby Kentucky universities, colleges and community colleges. Another way to keep up on your learning is to investigate Shepherdsville networking organizations.
Most new Shepherdsville 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 Shepherdsville and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Shepherdsville, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Shepherdsville, Kentucky
Here are more links that we believe will help you be successful in starting a business in Shepherdsville.
- Resources for Shepherdsville, Kentucky Entrepreneurs - Browse a variety of resources we've collected to assist Shepherdsville entrepreneurs.
- Kentucky Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Kentucky.
- Kentucky Small Business Development Center - The Kentucky Small Business Development Center (KSBDC) has been assisting Kentucky small business community for more than 25 years. KSBDC is co-sponsored by the U.S. Small Business Administration and is administered by the University of Kentucky in partnership with regional universities, community and private colleges, and the private sector.
Starting-a-Business Guides for Other Cities in Kentucky
Share this article
Additional Resources for Entrepreneurs