Kentucky Business Startup Guides

Starting a Business in Versailles, Kentucky

Thinking about starting a business in Versailles, Kentucky? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Versailles.

Are You Sure You Want to Do This?

Before announcing to the world that you are going to start your own business, consider your entrepreneurial instincts and capabilities.

With so much at stake when you start a business, we strongly recommend you do the following before you proceed:

  • Reach out to other entrepreneurs in Versailles. 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.

What Business to Start

An important decision is what kind of business you want to start. If you are struggling with what type of business to start, read Evaluating Your Idea.

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 How to Start a Rescue Missions Church guide or our How to Start a Truck Bodies Repair & Painting Business guide.

Always keep in mind that you are starting a business in Versailles. Some businesses will do better in Versailles than others. Don't forget to review Versailles demographics to see if there's a market for what you want to sell.

Versailles, Kentucky Demographic Information

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

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

Business Size
# of
Businesses
1-4 Employees
4968
5-9 Employees
1620
10-19 Employees
1080
20-49 Employees
504
50-99 Employees
180
100-249 Employees
126
250-499 Employees
54
500-999 Employees
36
1000+ Employees
0
All Versailles Businesses
8568

As a new Versailles entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Versailles 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
Animal (except Poultry) Slaughtering
1
Appliance Repair and Maintenance
2
Architectural Services
1
Automotive Exhaust System Repair
1
Automotive Glass Replacement Shops
2
Automotive Parts and Accessories Stores
3
Beauty Salons
2
Beer and Ale Merchant Wholesalers
1
Beer, Wine, and Liquor Stores
6
Books Printing
1
Cable and Other Program Distribution
1
Carpet and Upholstery Cleaning Services
1
Child and Youth Services
1
Child Day Care Services
6
Civic and Social Organizations
3
Coin-Operated Laundries and Drycleaners
1
Commercial Lithographic Printing
1
Computer and Software Stores
1
Computer Systems Design Services
1
Consumer Lending
2
Convenience Stores
2
Curtain and Drapery Mills
1
Custom Computer Programming Services
4
Diagnostic Imaging Centers
1
Discount Department Stores
1
Document Preparation Services
1
Drywall and Insulation Contractors
1
Electric Power Distribution
1
Elementary and Secondary Schools
3
Engineering Services
4
Environmental Consulting Services
3
Exterminating and Pest Control Services
1
Farm Supplies Merchant Wholesalers
1
Fine Arts Schools
1
Finish Carpentry Contractors
3
Floor Covering Stores
2
Florists
3
Food Service Contractors
1
Fossil Fuel Electric Power Generation
1
Framing Contractors
1
Full-Service Restaurants
10
Funeral Homes and Funeral Services
2
General Automotive Repair
5
General Freight Trucking, Local
4
General Medical and Surgical Hospitals
1
Gift, Novelty, and Souvenir Stores
1
Glass and Glazing Contractors
1
Golf Courses and Country Clubs
2
Hardware Stores
1
Household Appliance Stores
1
Human Rights Organizations
1
Hydroelectric Power Generation
1
Insurance Agencies and Brokerages
11
Janitorial Services
2
Jewelry Stores
2
Landscaping Services
4
Limited-Service Restaurants
10
Limousine Service
1
Machine Shops
2
Mail-Order Houses
3
Masonry Contractors
2
Miscellaneous Intermediation
1
New Car Dealers
2
Newspaper Publishers
1
Nursing Care Facilities
1
Office Equipment Merchant Wholesalers
1
Office Supplies and Stationery Stores
1
Offices of Certified Public Accountants
2
Offices of Chiropractors
1
Offices of Dentists
8
Offices of Optometrists
2
Offices of Real Estate Appraisers
1
Outdoor Power Equipment Stores
1
Paint and Wallpaper Stores
1
Painting and Wall Covering Contractors
5
Pet and Pet Supplies Stores
1
Pet Care (except Veterinary) Services
2
Photography Studios, Portrait
2
Portfolio Management
1
Prepress Services
1
Radio Stations
3
Real Estate Credit
1
Real Estate Investment Trusts
1
Remediation Services
1
Retail Bakeries
1
Roofing Contractors
1
Securities Brokerage
2
Shoe Stores
3
Site Preparation Contractors
6
Snack and Nonalcoholic Beverage Bars
1
Software Publishers
1
Temporary Help Services
1
Testing Laboratories
1
Tire Dealers
1
Tobacco Stores
1
Used Car Dealers
2
Veterinary Services
14
Video Tape and Disc Rental
2
Wholesale Trade Agents and Brokers
2
Wired Telecommunications Carriers
1
Women's Clothing Stores
1

Should You Buy an Existing Versailles Business?

An excellent way to get started in business is to Buy a Business in Kentucky. Follow that link and you may find several good businesses for sale in Versailles.

For anybody who wants to buy a business, we recommend reading this useful article: How to Buy a Business.

Choosing a Company Name

Making the right decision when choosing a company name is very important. There are many decisions you'll make now that you can change later, but changing a company name years down the road is not very easy. So, choose a good company name at the outset.

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?

To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Business.

There's one other important factor when naming a business. Since you are opening a business in Versailles, it's very important that you make sure no Kentucky company has already registered the company name you have selected.

Selling Tips

Being able to sell is critical to your business success. Whether you are focused on selling local customers in Versailles or are selling to customers throughout Kentucky, the United States or even the world, you have to be able to sell.

So what does it take to bring in more prospects and close more business? Fortunately, we've got plenty of good advice to help you improve your selling skills.

Writing Great Proposals offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.

Next Steps

You have a dream -- starting a business in Versailles. 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.

This site is all about helping entrepreneurs in Versailles and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Versailles 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 Versailles, Kentucky

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

  • Resources for Versailles, Kentucky Entrepreneurs - Browse a variety of resources we've collected to assist Versailles 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.

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