Indiana Business Startup Guides

Start a Business in Greenwood, Indiana

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

Greenwood, Indiana Demographic Information

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

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

Business Size
# of
Businesses
1-4 Employees
32028
5-9 Employees
12492
10-19 Employees
9252
20-49 Employees
5616
50-99 Employees
1800
100-249 Employees
1044
250-499 Employees
216
500-999 Employees
0
1000+ Employees
36
All Greenwood Businesses
62484

As a new Greenwood entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Greenwood 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
1
Amusement Arcades
2
Animal (except Poultry) Slaughtering
1
Appliance Repair and Maintenance
1
Architectural Services
3
Art Dealers
1
Automobile Driving Schools
2
Automotive Parts and Accessories Stores
4
Automotive Transmission Repair
5
Baked Goods Stores
1
Beauty Salons
27
Bed-and-Breakfast Inns
1
Beer, Wine, and Liquor Stores
6
Book Publishers
1
Bowling Centers
1
Broadwoven Fabric Finishing Mills
1
Building Inspection Services
2
Cafeterias
6
Camera and Photographic Supplies Stores
1
Car Washes
2
Carpet and Upholstery Cleaning Services
3
Cemeteries and Crematories
3
Child Day Care Services
10
Children's and Infants' Clothing Stores
4
Civic and Social Organizations
7
Claims Adjusting
4
Clothing Accessories Stores
5
Coin-Operated Laundries and Drycleaners
4
Commercial Screen Printing
1
Computer and Software Stores
3
Computer Facilities Management Services
1
Computer Systems Design Services
9
Confectionery and Nut Stores
3
Confectionery Merchant Wholesalers
1
Construction Sand and Gravel Mining
1
Continuing Care Retirement Communities
1
Convenience Stores
3
Convention and Trade Show Organizers
1
Couriers
2
Court Reporting and Stenotype Services
1
Credit Unions
2
Curtain and Drapery Mills
1
Diagnostic Imaging Centers
1
Direct Mail Advertising
1
Direct Title Insurance Carriers
7
Discount Department Stores
3
Document Preparation Services
1
Drafting Services
1
Drinking Places (Alcoholic Beverages)
3
Educational Support Services
2
Electric Power Distribution
1
Electrical Contractors
14
Electronic Shopping
1
Elementary and Secondary Schools
2
Employment Placement Agencies
2
Engineering Services
12
Exam Preparation and Tutoring
1
Exterminating and Pest Control Services
3
Facilities Support Services
1
Family Clothing Stores
13
Farm Supplies Merchant Wholesalers
1
Fine Arts Schools
3
Finish Carpentry Contractors
9
Floor Covering Stores
5
Flooring Contractors
1
Florists
5
Food (Health) Supplement Stores
2
Food Product Machinery Manufacturing
1
Footwear and Leather Goods Repair
1
Formal Wear and Costume Rental
2
Freight Transportation Arrangement
1
Full-Service Restaurants
46
Funeral Homes and Funeral Services
4
Furniture Stores
7
General Automotive Repair
18
General Freight Trucking, Local
4
General Warehousing and Storage
3
Glass and Glazing Contractors
2
Golf Courses and Country Clubs
7
Grantmaking Foundations
1
Graphic Design Services
3
Gypsum Product Manufacturing
1
Hardware Stores
2
Hazardous Waste Collection
1
Home Centers
2
Home Furnishing Merchant Wholesalers
1
Home Health Care Services
3
Homes for the Elderly
1
Household Appliance Stores
1
Industrial Mold Manufacturing
1
Insurance Agencies and Brokerages
55
Internet Service Providers
1
Investigation Services
1
Investment Advice
6
Janitorial Services
17
Jewelry Stores
26
Land Subdivision
5
Landscaping Services
35
Lessors of Other Real Estate Property
1
Limited-Service Restaurants
67
Local Messengers and Local Delivery
1
Locksmiths
1
Machine Shops
1
Manufactured (Mobile) Home Dealers
1
Marketing Consulting Services
7
Materials Recovery Facilities
1
Meat Markets
1
Medical Laboratories
1
Men's Clothing Stores
3
Mobile Food Services
1
Mortgage and Nonmortgage Loan Brokers
13
Motion Picture and Video Production
4
Motor Vehicle Towing
3
Motorcycle Dealers
2
Musical Instrument and Supplies Stores
2
Nail Salons
1
Natural Gas Distribution
1
New Car Dealers
7
New Housing Operative Builders
7
Newspaper Publishers
1
Nonresidential Property Managers
3
Nursing Care Facilities
2
Office Administrative Services
4
Office Supplies and Stationery Stores
2
Offices of Certified Public Accountants
15
Offices of Chiropractors
7
Offices of Lawyers
18
Offices of Optometrists
10
Offices of Other Holding Companies
1
Offices of Podiatrists
1
Offices of Real Estate Appraisers
13
One-Hour Photofinishing
1
Ophthalmic Goods Manufacturing
1
Outdoor Power Equipment Stores
2
Paging
1
Paint and Coating Manufacturing
1
Paint and Wallpaper Stores
4
Painting and Wall Covering Contractors
20
Passenger Car Rental
3
Payroll Services
1
Pet Care (except Veterinary) Services
7
Pharmacies and Drug Stores
8
Photography Studios, Portrait
9
Private Mail Centers
2
Professional Employer Organizations
4
Professional Organizations
1
Quick Printing
1
Recreational Vehicle Dealers
3
Refrigerated Warehousing and Storage
1
Remediation Services
2
Residential Property Managers
5
Residential Remodelers
24
Retail Bakeries
2
Roofing Contractors
5
Savings Institutions
3
Securities Brokerage
7
Security Guards and Patrol Services
1
Shoe Stores
11
Siding Contractors
1
Sign Manufacturing
1
Site Preparation Contractors
6
Solid Waste Collection
3
Solid Waste Landfill
1
Sporting Goods Stores
10
Sports and Recreation Instruction
7
Support Activities for Forestry
1
Tax Preparation Services
6
Taxi Service
1
Temporary Help Services
5
Testing Laboratories
2
Tile and Terrazzo Contractors
4
Tire Dealers
6
Title Abstract and Settlement Offices
6
Tour Operators
2
Travel Agencies
1
Used Household and Office Goods Moving
2
Used Merchandise Stores
2
Vending Machine Operators
1
Veterinary Services
6
Video Tape and Disc Rental
6
Vocational Rehabilitation Services
2
Warehouse Clubs and Supercenters
3
Wholesale Trade Agents and Brokers
12
Window Treatment Stores
2
Wired Telecommunications Carriers
8
Women's Clothing Stores
17

Have You Considered Franchising?

As you drive around Greenwood, you may be surprised to see how many franchises there are in the area. But is franchising the right option for you?

Our recommendation is that you investigate buying a franchise. This site has dozens of articles on franchising, such as Why Franchises Fail. 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 Tutoring Club and We're Rolling Pretzel. Alternatively, you can browse franchise categories, such as Child Education and Tutoring Franchises and Payday Loan Franchises.

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

Have You Considered Buying an Existing Greenwood Business?

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

For anybody who wants to buy a business, we recommend reading this useful article: How to Buy a Business.

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.

Pick a company name that isn't too generic. If you do a search engine search for your proposed name and a billion results come up, you may want to reconsider the name. It's much easier to come up in the search engines when your name is fairly unique.

To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Business.

There's one other important factor when naming a business. Since you are opening a business in Greenwood, it's imperative that you check now that no other Indiana company is using the business name you want to use.

Forming a Company in Greenwood, Indiana

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.

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. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in Indiana, it doesn't mean you are required to incorporate in Indiana. 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. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Registered Agents. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Greenwood, Indiana, our information on Incorporating in Indiana may be a useful resource if you decide to incorporate in Indiana.

How to Improve Your Entrepreneurial Abilities

Successful entrepreneurs recognize that what they know now may not be enough to ensure their future success.

With your business being located in Greenwood, Indiana, you will want to take advantage of the many programs available at nearby Indiana universities, colleges and community colleges. It's also smart to see if there are any networking organizations for Greenwood entrepreneurs.

Never Give Up

Most new Greenwood businesses underestimate the number of challenges they will face.

Owning your own business will be a daunting task, but you can do it.

This site is all about helping entrepreneurs in Greenwood and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Greenwood, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Greenwood, Indiana

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

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