Kentucky Business Startup Guides
Start a Business in Irvine, Kentucky
Are you starting a business in Irvine, Kentucky? This article discusses the most important things to consider when opening a business in Irvine.
Do You Have What It Takes?
Most startup ventures fail, in part because the entrepreneur did not have the entrepreneurial skills and traits needed to succeed. So, before you open a business, consider all of the implications of being an entrepreneur.
Because entrepreneurship is not for everyone, we recommend you do the following to help you assess whether you should move forward with starting a business:
- Speak with other entrepreneurs in Irvine. Get their candid feedback on what it takes to start a successful business.
- 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. A support network of family and friends can be a great sounding board for good advice before you decide for sure to go into business.
Irvine, Kentucky Demographic Information
Irvine has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Irvine demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Irvine.
Businesses
As a new Irvine entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Irvine 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.
Businesses
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 need to be easy to spell, easy to pronounce, and easy to remember.
Numerous company naming issues are discussed in more detail in this article: Naming a Business.
There's one other important factor when naming a business. Since you are planning on starting a business in Irvine, it's imperative that you check now that your company name has not already been claimed by another Kentucky business.
Where to Get Money to Start a Company
Raising money to fund your new Irvine business is not an easy task. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.
Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled Borrowing Money from Friends and Family.
For Irvine entrepreneurs in need of startup financing, check out our List of Kentucky Angel Investors and our List of Kentucky Venture Capital Firms.
Building Up Your Sales
Mastering the art of selling is essential if you want your new Irvine business to do well.
Good selling involves demonstrating that your wares meet your customer's needs. Let us help you refine your selling techniques through our many useful sales advice tips.
Sales Forecasting offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.
Learning More About Entrepreneurship
Successful entrepreneurs recognize that what they know now may not be enough to ensure their future success.
Given that you are starting a business in Irvine, Kentucky, you should investigate some of the many programs available at nearby Kentucky universities, colleges and community colleges. You should also check if there are any networking organizations for Irvine entrepreneurs.
Now It's Up To You
Most new Irvine businesses underestimate the number of challenges they will face.
From this point on, you control your own destiny.
This site is all about helping entrepreneurs in Irvine and elsewhere to achieve real success. 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 Irvine, Kentucky
Here are more links that we believe will help you be successful in starting a business in Irvine.
- Resources for Irvine, Kentucky Entrepreneurs - Browse a variety of resources we've collected to assist Irvine 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.
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