Indiana Business Startup Guides

Opening a Business in Monticello, Indiana

Contemplating starting a business in Monticello, Indiana? We walk you through the process of opening a business in Monticello.

Are You Ready for the Challenges of Being an Entrepreneur?

Most new companies fail, in part because the entrepreneur did not have the perseverance and abilities that are necessary to succeed. So, before jumping into the world of entrepreneurship, consider all of the implications of being an entrepreneur.

While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:

  • Speak with other entrepreneurs in Monticello. Listen closely to their experiences and see if you think you too can be successful.
  • 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. Ask them directly: Do I have what it takes to be an entrepreneur? Listen carefully to their answer, as they presumably know your strengths and weaknesses.

Monticello, Indiana Demographic Information

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

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

Business Size
# of
Businesses
1-4 Employees
10416
5-9 Employees
3780
10-19 Employees
1764
20-49 Employees
1092
50-99 Employees
294
100-249 Employees
294
250-499 Employees
42
500-999 Employees
0
1000+ Employees
0
All Monticello Businesses
17682

As a new Monticello entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Monticello 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
Amusement Arcades
1
Art Dealers
1
Automotive Parts and Accessories Stores
3
Ball and Roller Bearing Manufacturing
1
Beauty Salons
2
Beer, Wine, and Liquor Stores
2
Boat Dealers
2
Business Associations
2
Cable and Other Program Distribution
1
Canvas and Related Product Mills
2
Car Washes
1
Carpet and Upholstery Cleaning Services
1
Civic and Social Organizations
5
Coin-Operated Laundries and Drycleaners
2
Convenience Stores
2
Convention and Visitors Bureaus
1
Credit Unions
2
Drinking Places (Alcoholic Beverages)
3
Drive-In Motion Picture Theaters
1
Electric Power Distribution
4
Electrical Contractors
4
Engineering Services
1
Environmental Consulting Services
1
Exam Preparation and Tutoring
1
Exterminating and Pest Control Services
1
Family Clothing Stores
1
Farm Supplies Merchant Wholesalers
1
Fine Arts Schools
1
Fitness and Recreational Sports Centers
1
Floor Covering Stores
1
Flooring Contractors
1
Florists
2
Food Service Contractors
1
Freight Transportation Arrangement
1
Full-Service Restaurants
20
Furniture Stores
1
General Automotive Repair
3
General Freight Trucking, Local
2
General Medical and Surgical Hospitals
1
General Rental Centers
1
General Warehousing and Storage
1
Gift, Novelty, and Souvenir Stores
2
Grantmaking Foundations
1
Hardware Stores
2
Insurance Agencies and Brokerages
15
Internet Service Providers
2
Janitorial Services
1
Jewelry Stores
2
Land Subdivision
1
Lessors of Other Real Estate Property
2
Limited-Service Restaurants
11
Marinas
1
Masonry Contractors
1
Materials Recovery Facilities
1
Metal Can Manufacturing
1
Mobile Food Services
1
Museums
1
Musical Instrument and Supplies Stores
1
New Car Dealers
3
Newspaper Publishers
1
Office Administrative Services
2
Office Equipment Merchant Wholesalers
2
Office Supplies and Stationery Stores
1
Offices of Chiropractors
3
Offices of Dentists
6
Offices of Lawyers
9
Offices of Optometrists
2
Ophthalmic Goods Merchant Wholesalers
1
Painting and Wall Covering Contractors
3
Petroleum Bulk Stations and Terminals
1
Photography Studios, Portrait
1
Political Organizations
1
Portfolio Management
1
Quick Printing
1
Radio Stations
1
Ready-Mix Concrete Manufacturing
1
Real Estate Credit
1
Roofing Contractors
1
Savings Institutions
1
Securities Brokerage
2
Septic Tank and Related Services
1
Sheet Metal Work Manufacturing
1
Shoe Stores
1
Siding Contractors
1
Site Preparation Contractors
5
Snack and Nonalcoholic Beverage Bars
6
Solid Waste Collection
2
Solid Waste Landfill
2
Sporting Goods Stores
3
Sports and Recreation Instruction
1
Spring (Light Gauge) Manufacturing
2
Temporary Help Services
1
Tire and Tube Merchant Wholesalers
1
Tire Dealers
1
Tire Retreading
1
Title Abstract and Settlement Offices
1
Tobacco Stores
2
Used Car Dealers
2
Veterinary Services
1
Video Tape and Disc Rental
2
Warehouse Clubs and Supercenters
1
Wholesale Trade Agents and Brokers
5
Wired Telecommunications Carriers
2
Women's Clothing Stores
2

Have You Considered Franchising?

Visit the business district of Monticello and it becomes clear that purchasing a franchise is a common way to get started as an entrepreneur. Should you be giving franchising serious consideration?

We highly recommend you consider franchising as an option. On our site, you can read many articles about franchising, such as Detecting Franchising Scams. Become a franchising expert of sorts by reading more of our Articles on Franchising.

To learn about specific franchise opportunities, check out our Franchise Directory.

Sample franchise opportunities include Laund-UR-Mutt and Homes & Land Publishing, Ltd.. Alternatively, you can browse franchise categories, such as Sports Franchises and Carpet Retail Franchises.

Note on Monticello Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Monticello.

Have You Considered Buying an Existing Monticello Business?

We've created a useful website page for those who want to Buy a Business in Indiana. Follow that link and you can assess several good businesses for sale in Monticello.

For anybody who wants to buy a business, we recommend reading this useful article: Hold Harmless Agreements When Buying Businesses.

Don't Forget to Create a Business Plan

Having a business plan is essential to the health of your new business. In effect, a business plan is a written description of the future you envision for your business. Failure to write a business plan makes you more prone to becoming a business failure statistic.

To learn more about business plans, read Business Plan Contests. A great resource for business planning assistance is the free counseling sessions provided by your local SCORE chapter in Indiana.

Promoting Your New Company

To rise above the crowd in Monticello and advance your business, you need a excellent marketing plan.

There are myriad resources on this site to help you with your marketing plan. Facebook Advertising discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.

Bring in Revenues

Mastering the art of selling is a must if you want your new Monticello business to do well.

Good selling involves demonstrating that your wares meet your customer's needs. Fortunately, we've got plenty of good advice to help you improve your selling skills.

Selling Stuff on the Web offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.

Never Give Up

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

From this point on, you control your own destiny.

We are here to help Monticello businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Monticello 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 Monticello, Indiana

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

More Business Startup Guides for Indiana

Starting a Business in Monroeville
Starting a Business in Mooresville

Browse All Business Startup Guides for Indiana
Starting a Business Guides for Other States

 

 

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Additional Resources for Entrepreneurs

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Franchise Opportunities

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