Kansas Business Startup Guides
Start a Business in Wichita, Kansas
Are you starting a business in Wichita, Kansas? This article discusses the most important things to consider when opening a business in Wichita.
Is Becoming a Business Owner Right for You?
An entrepreneurial life is demanding, much harder than working as an employee. Are you certain you have the stamina and skills to succeed on your own?
Here are three things we recommend you do before you fully commit to starting a new business of your own.
- Speak with other entrepreneurs in Wichita. Get their take on what it's really like to be an entrepreneur.
- 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. That's the best way to get a truly objective assessment as to whether others think you have what it takes.
Wichita, Kansas Demographic Information
Wichita has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Wichita demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Wichita.
As a new Wichita entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Wichita 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.
Naming the Company
A good company name can give a big boost to a new startup. It might seem like an easy thing to do, but there are many things to consider when naming a business.
Company names should be fun to say, and they should help people to understand what you do and how you differentiate yourself in the market.
Numerous company naming issues are discussed in more detail in this article: Naming a Company.
On a final note, given that you are opening a business in Wichita, it's critical that you ensure that no other Kansas company is using the business name you want to use.
Forming a Company in Wichita, Kansas
It's very important that you form your business as a legal structure. Doing so will shield 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 common way to legally create a business entity. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in Kansas, you don't necessarily have to incorporate in Kansas. In fact, you are allowed to 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 are many nuances to forming a company. To learn the fundamentals of company formation, browse articles on our site, such as Nevada Incorporation. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Wichita, Kansas, our information on Incorporating in Kansas may be a useful resource if you decide to incorporate in Kansas.
Raising Money for Your New Venture
Getting your Wichita business the capital it needs to succeed is not an easy task. 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 to Raise Money.
Marketing Your New Venture
To rise above the crowd in Wichita and advance your business, you need a great marketing plan.
There are myriad resources on this site to help you with your marketing plan. Advertising on the Web 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.
Interviews With Wichita Entrepreneurs
Here, we'll keep a running list of interviews we've had with Wichita entrepreneurs.
- Interview with Ideas That Work Founder TJ Kimsey
- Interview with Delma Collins, Founder of AVC Sales & Service
As an entrepreneur in Wichita, you won't be working for the boss anymore. You are the boss.
Owning your own business will be a daunting task, but you can do it.
This site is all about helping entrepreneurs in Wichita and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Wichita 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 Wichita, Kansas
Here are more links that we believe will help you be successful in starting a business in Wichita.
- Resources for Wichita, Kansas Entrepreneurs - Browse a variety of resources we've collected to assist Wichita entrepreneurs.
- Kansas Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Kansas.
- Kansas Small Business Development Center - The KSBDC Network provides Kansas entrepreneurs and small business owners with knowledge, tools and resources to enhance their success. Contact them and they will help you identify your business needs and guide you toward opportunities and solutions.
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