Kansas Business Startup Guides
Starting a Business in Logan, Kansas
Thinking about starting a business in Logan, Kansas? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Logan.
Are You Sure You Want to Do This?
Before you get too far along in the process, take inventory of your entrepreneurial instincts and capabilities.
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Reach out to other entrepreneurs in Logan. Ask them candidly what it's like to run a business.
- Peruse Should You Become an Entrepreneur?. This is one of our more popular articles for folks who want to go into business for themselves.
- Have a candid conversation with friends and family. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
Logan, Kansas Demographic Information
Logan has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Logan demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Logan.
Businesses
As a new Logan entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Logan 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
Is Buying an Existing Logan Business a Good Strategy?
If you have some capital to play with, you may want to Buy a Business in Kansas. Follow that link and you might discover several good businesses for sale in Logan.
If you are serious about buying a business, you may want to read this article: Hold Harmless Agreements When Buying Businesses.
Forming a Company in Logan, Kansas
It's very important that your business is formed as a legal entity that is separate from its owners. The biggest advantage of forming your new business as a legal entity is that it separates your business liabilities from your personal liabilities.
When forming a company, you will decide among many company types, such as 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 Kansas, it doesn't mean you are required to incorporate in Kansas. In fact, you can incorporate in any state you would like to. 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 C Corp Versus S Corp. You should also consider getting professional assistance from your business lawyer. On a final note, since you will be starting a business in Logan, Kansas, our web page covering Incorporating in Kansas may be a useful resource if you decide to incorporate in Kansas.
Raising Money for Your New Venture
Raising money to fund your new Logan business requires strong organization skills and perseverance. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.
To learn about raising money, we recommend you read the fundraising articles on our site, such as Choosing VC Firms.
For Logan entrepreneurs with great ambition but a shortage of investment capital, check out our List of Kansas Angel Investors and our List of Kansas Venture Capital Firms.
Marketing Your New Business
To rise above the crowd in Logan and accelerate your business, you need a solid marketing plan.
You can learn all about marketing on our site. Viral Marketing is a good read to get your marketing thoughts flowing. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.
Advancing Your Entrepreneurial Skills
Good business owners recognize that they need to continually improve.
As an entrepreneur who lives in Logan, Kansas, you should investigate some of the learning programs at local Kansas educational institutions. You should also check if there are any Logan networking organizations.
Next Steps
You have a dream -- starting a business in Logan. To achieve your dream, you have to persevere, even when the odds are against you.
If you choose the right business and love what you do, you will greatly increase your odds of success.
This site is all about helping entrepreneurs in Logan 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 Logan, Kansas
Here are more links that we believe will help you be successful in starting a business in Logan.
- Resources for Logan, Kansas Entrepreneurs - Browse a variety of resources we've collected to assist Logan 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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