Arkansas Business Startup Guides
Start a Business in Paragould, Arkansas
Are you starting a business in Paragould, Arkansas? This article discusses the most important things to consider when opening a business in Paragould.
Do You Have What It Takes?
An entrepreneurial life is demanding, much harder than working as an employee. Are you positive you have the stamina and skills to succeed on your own?
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 Paragould. Get their candid feedback on what it takes to start a successful business.
- Peruse Why Small Businesses Fail. This is one of our more popular articles for folks who want to go into business for themselves.
- 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.
Paragould, Arkansas Demographic Information
Paragould has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Paragould demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Paragould.
Businesses
As a new Paragould entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Paragould 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 Franchising a Better Option?
Visit the business district of Paragould and you'll see that franchises make up a large percentage of local businesses. So, it probably makes sense for you to consider franchising too.
Our advice is to consider franchising as an option. We have many articles on franchises, such as How to Find Financing for Franchises. Get a thorough education on franchising by browsing all of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Sample franchise opportunities include Heidi's Brooklyn Deli and Lemstone Christian Stores. Alternatively, you can browse franchise categories, such as Baby Franchises and Bath Remodeling Franchises.
Note on Paragould Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Paragould.
Choosing a Company Name
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.
Companies like Starbucks, Apple, Target, Microsoft and Intuit all have strong company names that are easy to remember and have become well-loved brands. Wouldn't it be nice if your new company name got on a similar track?
Numerous company naming issues are discussed in more detail in this article: Naming a Company.
There's one other important factor when naming a business. Since you are starting a business in Paragould, it's critical that you ensure that no Arkansas company has already registered the company name you have selected.
Startup Financing Basics
Obtaining startup financing for your Paragould business is very difficult due to the ongoing business credit crunch. 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 504 Loans.
For Paragould entrepreneurs on the hunt for startup funding, check out our List of Arkansas Angel Investors and our List of Arkansas Venture Capital Firms.
How to Improve Your Entrepreneurial Abilities
Successful entrepreneurs know that they don't know everything.
Given that you are starting a business in Paragould, Arkansas, you should investigate some of the many programs available at nearby Arkansas universities, colleges and community colleges. Another way to keep up on your learning is to investigate networking groups or organizations in which Paragould entrepreneurs get together to network and trade their business experiences.
Now It's Up To You
As an entrepreneur in Paragould, you won't be working for the boss anymore. You are the boss.
If you choose the right business and love what you do, you will greatly increase your odds of success.
We are here to help Paragould 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 Paragould, Arkansas
Here are more links that we believe will help you be successful in starting a business in Paragould.
- Resources for Paragould, Arkansas Entrepreneurs - Browse a variety of resources we've collected to assist Paragould 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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