Georgia Business Startup Guides
Starting a Business in Lexington, Georgia
Thinking about starting a business in Lexington, Georgia? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Lexington.
Do You Have Entrepreneurial Drive and Passion?
Before you get too far along in the process, consider your entrepreneurial instincts and capabilities.
To determine whether you have what it takes to run a business, we recommend these three steps to help you decide:
- Talk to other entrepreneurs in Lexington. Get their candid feedback on what it takes to start a successful business.
- We recommend reading Why Small Businesses Fail. For aspiring new entrepreneurs, it's a must read article.
- Get feedback from somebody whom you trust. 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.
What Business Are You Starting?
Choosing a business that is right for you is very important. To help you decide on a business type, we encourage you to read Business Ideas That Don't Make Sense.
For in-depth how-to guides on how to start specific businesses, browse our Good Businesses to Start section of our site. For example, you might be interested in our Starting a Parasailing Business guide or our How to Start a Personal Watercraft Service & Repair Business guide.
Remember that you are starting a business in Lexington. Some businesses will do better in Lexington than others. Don't forget to review Lexington demographics to see if there's a market for what you want to sell.
Lexington, Georgia Demographic Information
Lexington has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Lexington demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Lexington.
Businesses
As a new Lexington entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Lexington 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 Business
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.
For other considerations regarding naming a company, we recommend this article: Naming a Company.
There's one other important factor when naming a business. Since you are opening a business in Lexington, it's very important that you make sure no other Georgia company is using the business name you want to use.
The Art of Selling
Being able to sell is fundamental to your business success. Whether you are focused on selling local customers in Lexington or are selling to customers throughout Georgia, the United States or even the world, you have to be able to sell.
Not knowing how to sell can result in lost customers and minimal market share. The good news is we can help you to make selling a big competitve advantage for your new firm.
Closing Sales Techniques 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
The best entrepreneurs recognize that they don't know everything.
With your business being located in Lexington, Georgia, you will want to take advantage of the many programs available at nearby Georgia universities, colleges and community colleges. It's also worthwhile to see if there are any networking groups or organizations in which Lexington entrepreneurs get together to network and trade their business experiences.
Now It's Up To You
You have a dream -- starting a business in Lexington. To achieve your dream, you have to persevere, even when the odds are against you.
Owning your own business will be a daunting task, but you can do it.
We are here to help Lexington businesses to be successful. 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 Lexington, Georgia
Here are more links that we believe will help you be successful in starting a business in Lexington.
- Resources for Lexington, Georgia Entrepreneurs - Browse a variety of resources we've collected to assist Lexington entrepreneurs.
- Georgia Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Georgia.
- Georgia Small Business Development Center - The Georgia SBDC program helps Georgia entrepreneurs with developing business plans, providing financial analysis, identifying sources of capital, and assessing marketing strategies.
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