January 26, 2021  
 
  Entrepreneurial Resources - Advice for Illinois Entrepreneurs  
  Springfield, Illinois Resources for Entrepreneurs  
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Starting a Business in Springfield, Illinois

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

Springfield, Illinois Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 125020
5-9 Employees 55620
10-19 Employees 41580
20-49 Employees 27360
50-99 Employees 10440
100-249 Employees 4800
250-499 Employees 720
500-999 Employees 420
1000+ Employees 240
All Springfield Businesses 266200

As a new Springfield entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Springfield 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
Advertising Agencies 6
Ambulance Services 4
Amusement and Theme Parks 2
Amusement Arcades 4
Appliance Repair and Maintenance 2
Apprenticeship Training 5
Architectural Services 20
Armored Car Services 2
Art Dealers 4
Audio and Video Equipment Manufacturing 2
Automotive Exhaust System Repair 1
Automotive Glass Replacement Shops 7
Automotive Parts and Accessories Stores 28
Automotive Transmission Repair 5
Baked Goods Stores 5
Barber Shops 2
Beauty Salons 44
Beer and Ale Merchant Wholesalers 3
Beer, Wine, and Liquor Stores 10
Blood and Organ Banks 3
Boat Dealers 3
Book Publishers 3
Book Stores 12
Books Printing 2
Bowling Centers 4
Building Inspection Services 5
Business Associations 69
Cable and Other Program Distribution 4
Cafeterias 12
Canvas and Related Product Mills 1
Car Washes 16
Carpet and Upholstery Cleaning Services 8
Caterers 9
Cemeteries and Crematories 4
Charter Bus Industry 1
Child and Youth Services 12
Child Day Care Services 33
Children's and Infants' Clothing Stores 8
Civic and Social Organizations 38
Claims Adjusting 7
Clothing Accessories Stores 8
Coin-Operated Laundries and Drycleaners 2
Collection Agencies 7
Commercial Flexographic Printing 2
Commercial Lithographic Printing 12
Commercial Photography 1
Commercial Screen Printing 2
Community Food Services 2
Computer and Software Stores 7
Computer Facilities Management Services 3
Computer Systems Design Services 41
Computer Training 2
Concrete Block and Brick Manufacturing 1
Concrete Pipe Manufacturing 1
Confectionery and Nut Stores 6
Confectionery Merchant Wholesalers 2
Construction Sand and Gravel Mining 1
Consumer Lending 23
Continuing Care Retirement Communities 1
Convenience Stores 7
Convention and Trade Show Organizers 3
Convention and Visitors Bureaus 2
Cosmetology and Barber Schools 1
Couriers 9
Court Reporting and Stenotype Services 2
Credit Unions 16
Curtain and Drapery Mills 1
Custom Compounding of Purchased Resins 1
Custom Computer Programming Services 28
Dance Companies 1
Dental Laboratories 6
Diagnostic Imaging Centers 3
Diet and Weight Reducing Centers 3
Direct Life Insurance Carriers 14
Direct Mail Advertising 3
Direct Title Insurance Carriers 5
Directory and Mailing List Publishers 2
Discount Department Stores 7
Display Advertising 5
Document Preparation Services 3
Drafting Services 1
Drinking Places (Alcoholic Beverages) 65
Drive-In Motion Picture Theaters 1
Drywall and Insulation Contractors 5
Educational Support Services 9
Electric Power Distribution 7
Electrical Contractors 24
Electronic Shopping 2
Elementary and Secondary Schools 19
Emergency and Other Relief Services 1
Employment Placement Agencies 2
Engineering Services 46
Environmental Consulting Services 11
Ethyl Alcohol Manufacturing 1
Exam Preparation and Tutoring 1
Exterminating and Pest Control Services 7
Facilities Support Services 2
Family Clothing Stores 15
Family Planning Centers 1
Farm Product Warehousing and Storage 1
Farm Supplies Merchant Wholesalers 3
Fine Arts Schools 7
Finish Carpentry Contractors 5
Fish and Seafood Markets 2
Fitness and Recreational Sports Centers 14
Floor Covering Stores 9
Flooring Contractors 6
Florists 16
Food (Health) Supplement Stores 4
Food Service Contractors 8
Formal Wear and Costume Rental 4
Fossil Fuel Electric Power Generation 1
Framing Contractors 4
Freight Transportation Arrangement 3
Fruit and Vegetable Markets 2
Full-Service Restaurants 143
Funeral Homes and Funeral Services 10
Fur and Leather Apparel Manufacturing 1
Furniture Stores 24
General Automotive Repair 39
General Freight Trucking, Local 12
General Medical and Surgical Hospitals 2
General Rental Centers 3
General Warehousing and Storage 2
Gift, Novelty, and Souvenir Stores 30
Glass and Glazing Contractors 5
Golf Courses and Country Clubs 8
Grantmaking Foundations 6
Graphic Design Services 5
Hardware Stores 9
Hobby, Toy, and Game Stores 11
Home Centers 3
Home Furnishing Merchant Wholesalers 5
Home Health Care Services 13
Home Health Equipment Rental 3
Homes for the Elderly 7
Household Appliance Stores 13
Human Rights Organizations 3
Hunting and Trapping 1
Industrial Launderers 3
Inorganic Dye and Pigment Manufacturing 1
Insurance Agencies and Brokerages 100
Interior Design Services 3
Internet Service Providers 3
Investigation Services 7
Investment Advice 14
Janitorial Services 42
Jewelry (except Costume) Manufacturing 1
Jewelry Stores 14
Junior Colleges 1
Kidney Dialysis Centers 3
Land Subdivision 8
Landscape Architectural Services 4
Landscaping Services 42
Lessors of Other Real Estate Property 8
Limited-Service Restaurants 142
Livestock Merchant Wholesalers 1
Local Messengers and Local Delivery 1
Locksmiths 3
Luggage and Leather Goods Stores 1
Machine Shops 3
Manufactured (Mobile) Home Dealers 5
Marinas 1
Marketing Consulting Services 3
Masonry Contractors 19
Materials Recovery Facilities 1
Mattress Manufacturing 1
Meat Markets 3
Media Representatives 4
Medical Laboratories 1
Men's Clothing Stores 6
Metal Tank (Heavy Gauge) Manufacturing 1
Mobile Food Services 3
Mortgage and Nonmortgage Loan Brokers 6
Motion Picture and Video Production 1
Motor Vehicle Body Manufacturing 1
Motor Vehicle Towing 3
Motorcycle Dealers 3
Museums 2
Musical Groups and Artists 1
Musical Instrument and Supplies Stores 4
Nail Salons 3
New Car Dealers 18
New Housing Operative Builders 3
News Dealers and Newsstands 1
Newspaper Publishers 6
Nonresidential Property Managers 12
Nursing Care Facilities 10
Office Administrative Services 16
Office Equipment Merchant Wholesalers 10
Office Supplies and Stationery Stores 6
Offices of Bank Holding Companies 5
Offices of Certified Public Accountants 41
Offices of Chiropractors 20
Offices of Dentists 84
Offices of Lawyers 111
Offices of Optometrists 5
Offices of Other Holding Companies 6
Offices of Podiatrists 6
Offices of Real Estate Appraisers 10
One-Hour Photofinishing 1
Optical Goods Stores 9
Outdoor Power Equipment Stores 3
Packing and Crating 1
Paging 1
Paint and Coating Manufacturing 1
Paint and Wallpaper Stores 11
Painting and Wall Covering Contractors 18
Paperboard Mills 1
Parking Lots and Garages 2
Passenger Car Rental 5
Payroll Services 1
Periodical Publishers 4
Pet and Pet Supplies Stores 5
Pet Care (except Veterinary) Services 8
Petroleum Bulk Stations and Terminals 1
Pharmacies and Drug Stores 28
Photography Studios, Portrait 15
Political Organizations 13
Portfolio Management 3
Prepress Services 1
Private Mail Centers 2
Professional Employer Organizations 1
Professional Organizations 26
Public Relations Agencies 16
Quick Printing 3
Radio Stations 6
Ready-Mix Concrete Manufacturing 2
Real Estate Credit 6
Real Estate Investment Trusts 1
Recreational Goods Rental 1
Recreational Vehicle Dealers 1
Reinsurance Carriers 1
Remediation Services 1
Residential Property Managers 14
Residential Remodelers 33
Retail Bakeries 3
Reupholstery and Furniture Repair 6
Roofing Contractors 12
Rooming and Boarding Houses 1
Sales Financing 4
Savings Institutions 4
Scheduled Passenger Air Transportation 3
School and Employee Bus Transportation 1
Securities and Commodity Exchanges 1
Securities Brokerage 26
Security Guards and Patrol Services 3
Septic Tank and Related Services 2
Shoe Stores 20
Siding Contractors 3
Sign Manufacturing 3
Site Preparation Contractors 11
Snack and Nonalcoholic Beverage Bars 20
Software Publishers 4
Solid Waste Collection 4
Solid Waste Landfill 1
Special Needs Transportation 1
Sporting Goods Stores 21
Sports and Recreation Instruction 7
Surface-Coated Paperboard Manufacturing 1
Tax Preparation Services 16
Taxi Service 1
Telecommunications Resellers 1
Telemarketing Bureaus 1
Telephone Answering Services 2
Television Broadcasting 3
Temporary Help Services 13
Temporary Shelters 3
Testing Laboratories 6
Theater Companies and Dinner Theaters 1
Tile and Terrazzo Contractors 1
Tire and Tube Merchant Wholesalers 2
Tire Dealers 13
Title Abstract and Settlement Offices 5
Tobacco Stores 5
Tour Operators 2
Translation and Interpretation Services 1
Travel Agencies 9
Truss Manufacturing 2
Used Car Dealers 18
Used Household and Office Goods Moving 5
Used Merchandise Stores 14
Vending Machine Operators 10
Veterinary Services 12
Video Tape and Disc Rental 16
Vocational Rehabilitation Services 7
Voluntary Health Organizations 6
Warehouse Clubs and Supercenters 3
Wholesale Trade Agents and Brokers 10
Window Treatment Stores 1
Wired Telecommunications Carriers 30
Women's Clothing Stores 24
Wood Container and Pallet Manufacturing 2

What About Buying an Existing Springfield Business?

An excellent way to get started in business is to Buy a Business in Illinois. Follow that link and you can review several good businesses for sale in Springfield.

Before buying a business, be sure to read this article: Buying a Business.

Company Formation in Springfield, Illinois

It's essential that you form your business as a legal structure. 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. Just because you are starting a business in Illinois, you don't necessarily have to incorporate in Illinois. As it turns out, you can incorporate wherever you want. However, if you do incorporate in another state, you'll have to register as a foreign corporation in your home state.

There's a lot to know about forming a company. To learn the basics of company formation, browse articles on our site, such as ESOP Formation. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Springfield, Illinois, our information on Incorporating in Illinois may be a useful resource if you decide to incorporate in Illinois.

Do You Need a Business Plan?

A business plan is critical in laying a solid foundation for your business success. Indeed, your business plan is your game plan for how you hope to grow your business. Not having a business plan is a recipe for disaster.

Before you start writing a business plan, we suggest you skim Business Plan Contests. You can also get face-to-face free consulting available from your local SCORE chapter in Illinois.

Startup Financing Basics

Getting your Springfield business the capital it needs to succeed will be harder than you might expect. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.

Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled Attracting Investors.

For Springfield entrepreneurs with great ambition but a shortage of investment capital, check out our List of Illinois Angel Investors and our List of Illinois Venture Capital Firms.

Promoting Your New Company

To grow your Springfield business, having an excellent marketing plan is fundamental to your beating the competition.

There are myriad resources on this site to help you with your marketing plan. Introduction to Advertising is a good read to get your marketing juices flowing. That's just one of the many useful articles we have on Marketing a Small Business.

Now It's Up To You

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

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 Springfield and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Springfield 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 Springfield, Illinois

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

 

 

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