Kentucky Business Startup Guides
Opening a Business in Murray, Kentucky
Contemplating starting a business in Murray, Kentucky? We walk you through the process of opening a business in Murray.
What Business to Start
Choosing a business that is right for you is very important. To help you decide on a business type, we encourage you to read Free Business Ideas.
For step-by-step instructions on starting a variety of business types, visit the Good Businesses to Start section of our site. For example, you might be interested in our Starting an Agricultural Law Attorneys Firm guide or our How to Start a Disability Employment Agencies Business guide.
Always keep in mind that you are starting a business in Murray. Some businesses will do better in Murray than others. Don't forget to review Murray demographics to see if there's a market for what you want to sell.
Murray, Kentucky Demographic Information
Murray has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Murray demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Murray.
Businesses
As a new Murray entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Murray 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
Have You Considered Buying an Existing Murray Business?
If you have some capital to play with, you may want to Buy a Business in Kentucky. Follow that link and you may find several good businesses for sale in Murray.
If you are going to be buying a business, you may want to read this article: Hold Harmless Agreements When Buying Businesses.
The Role of the Business Plan
Having a business plan is critical in maximizing the prospects of your new company. Simply put, a business plan is a written description of the future you envision for your business. Not having a business plan makes you more prone to becoming a business failure statistic.
To learn more about business plans, read Business Presentations. You can also get free counseling sessions provided by your local SCORE chapter in Kentucky.
Startup Financing Basics
Getting your Murray business the capital it needs to succeed 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 504 Loans.
For Murray entrepreneurs in need of startup financing, check out our List of Kentucky Angel Investors and our List of Kentucky Venture Capital Firms.
Promoting Your New Company
To grow your Murray business, having an excellent marketing plan is fundamental to your beating the competition.
You can learn all about marketing on our site. Pros and Cons of Advertising is a good read to get your marketing thoughts flowing. That's just a taste of the many useful articles we have on Marketing a Small Business.
Now It's Up To You
You have a dream -- starting a business in Murray. 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 Murray and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Murray, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Murray, Kentucky
Here are more links that we believe will help you be successful in starting a business in Murray.
- Resources for Murray, Kentucky Entrepreneurs - Browse a variety of resources we've collected to assist Murray 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.
More Startup Articles for Kentucky Cities
Starting a Business in Mount Vernon
Starting a Business in New Castle
Browse All Business Startup Guides for Kentucky
Starting a Business Guides for Other States
Share this article
Additional Resources for Entrepreneurs