Arkansas Business Startup Guides
Start a Business in Lewisville, Arkansas
Are you starting a business in Lewisville, Arkansas? This article discusses the most important things to consider when opening a business in Lewisville.
Lewisville, Arkansas Demographic Information
Lewisville has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Lewisville demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Lewisville.
Businesses
As a new Lewisville entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Lewisville 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
What About Franchising Opportunities?
As you drive around Lewisville, you may be surprised to see how many franchises there are in the area. But is franchising the right option for you?
Most business experts recommend that you investigate buying a franchise. We have many articles on franchises, such as Common Franchisee Mistakes. 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 Visual Image Photography and Rubyjuice Fruit and Smoothies. Alternatively, you can browse franchise categories, such as Health and Beauty Franchises and Leisure and Entertainment Franchises.
Note on Lewisville Franchise Opportunities: To find out if a franchise you are interested in is available in Lewisville, you will need to get in direct contact with the franchisor.
Have You Considered Buying an Existing Lewisville Business?
An excellent way to get started in business is to Buy a Business in Arkansas. Follow that link and you may find several good businesses for sale in Lewisville.
If you are intent on buying a business, you may want to read this article: How to Buy a Business.
Forming a Company in Lewisville, Arkansas
It's very important that your business is formed as a legal entity that is separate from its owners. Among other things, forming a legal entity for the business limits your liabilities.
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 Arkansas, it doesn't mean you are required to incorporate in Arkansas. 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 Subchapter S Corporations. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Lewisville, Arkansas, our information on Incorporating in Arkansas may be a useful resource if you decide to incorporate in Arkansas.
Raising Funding for Your Venture
Finding the funds to fuel the growth of your Lewisville business is a difficult chore. 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 How Much Venture Capital Is There?.
For Lewisville entrepreneurs who want to raise money for a new venture, we have assembled a List of Arkansas Angel Investors and our List of Arkansas Venture Capital Firms.
The Art of Selling
Mastering the art of selling is priority one if you want your new Lewisville business to do well.
So what does it take to bring in more prospects and close more business? Fortunately, we've got plenty of good advice to help you improve your selling skills.
Effective Sales Presentations is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.
What's Next?
Most new Lewisville businesses underestimate the number of challenges they will face.
Owning your own business will be a daunting task, but you can do it.
Our goal here is to promote the vitality and growth of small businesses in Lewisville and throughout the United States . We want to be there for you to answer your business questions, whether you are a new Lewisville 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 Lewisville, Arkansas
Here are more links that we believe will help you be successful in starting a business in Lewisville.
- Resources for Lewisville, Arkansas Entrepreneurs - Browse a variety of resources we've collected to assist Lewisville entrepreneurs.
- Arkansas Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Arkansas.
- Arkansas Small Business Development Center - The Arkansas Small Business Development Center (ASBDC) is a University-based economic development program which provides assistance to entrepreneurs and small businesses throughout Arkansas via a statewide network of seven offices.
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