Indiana Business Startup Guides

Opening a Business in Vincennes, Indiana

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

Is Becoming a Business Owner Right for You?

Being an entrepreneur is difficult, and can be orders of magnitude more strenuous than working as an employee. Are you certain you have the stamina and skills to succeed on your own?

To determine whether you have what it takes to run a business, we recommend these three steps to help you decide:

  • Talk to other entrepreneurs in Vincennes. Get their take on what it's really like to be an entrepreneur.
  • We recommend reading Should You Become an Entrepreneur?. For aspiring new entrepreneurs, it's a must read article.
  • Have a candid conversation with friends and family. That's the best way to get a truly objective assessment as to whether others think you have what it takes.

Vincennes, Indiana Demographic Information

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

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

Business Size
# of
Businesses
1-4 Employees
1151
5-9 Employees
603
10-19 Employees
330
20-49 Employees
249
50-99 Employees
81
100-249 Employees
42
250-499 Employees
6
500-999 Employees
0
1000+ Employees
3
All Vincennes Businesses
2465

As a new Vincennes entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Vincennes 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
Ambulance Services
2
Animal (except Poultry) Slaughtering
1
Architectural Services
4
Automobile Driving Schools
1
Automotive Glass Replacement Shops
5
Automotive Parts and Accessories Stores
7
Automotive Transmission Repair
1
Beer and Ale Merchant Wholesalers
2
Beer, Wine, and Liquor Stores
3
Bituminous Coal Underground Mining
1
Blind and Shade Manufacturing
1
Book Stores
2
Business Associations
4
Cable and Other Program Distribution
1
Car Washes
3
Carpet and Upholstery Cleaning Services
2
Cemeteries and Crematories
1
Child and Youth Services
1
Child Day Care Services
4
Civic and Social Organizations
11
Clothing Accessories Stores
2
Collection Agencies
1
Commercial Bakeries
1
Commercial Lithographic Printing
1
Community Food Services
2
Computer Systems Design Services
1
Construction Machinery Manufacturing
2
Construction Sand and Gravel Mining
1
Continuing Care Retirement Communities
1
Convenience Stores
3
Convention and Visitors Bureaus
1
Copper Rolling, Drawing, and Extruding
1
Copper Wire (except Mechanical) Drawing
1
Cosmetology and Barber Schools
1
Credit Unions
1
Diagnostic Imaging Centers
1
Direct Life Insurance Carriers
2
Discount Department Stores
1
Drafting Services
1
Drilling Oil and Gas Wells
2
Drinking Places (Alcoholic Beverages)
8
Electric Power Distribution
3
Electronic Shopping
1
Elementary and Secondary Schools
2
Emergency and Other Relief Services
1
Exterminating and Pest Control Services
1
Family Clothing Stores
6
Family Planning Centers
1
Farm Supplies Merchant Wholesalers
2
Finish Carpentry Contractors
3
Fitness and Recreational Sports Centers
3
Floor Covering Stores
5
Flooring Contractors
4
Florists
1
Food (Health) Supplement Stores
2
Food Service Contractors
3
Full-Service Restaurants
18
Funeral Homes and Funeral Services
4
Furniture Stores
3
General Automotive Repair
7
General Freight Trucking, Local
2
General Medical and Surgical Hospitals
1
General Rental Centers
3
Gift, Novelty, and Souvenir Stores
4
Golf Courses and Country Clubs
1
Grantmaking Foundations
4
Hardware Merchant Wholesalers
2
Hardware Stores
3
Hobby, Toy, and Game Stores
1
Home Centers
2
Home Health Equipment Rental
2
Household Appliance Stores
3
Industrial Building Construction
1
Industrial Launderers
1
Insurance Agencies and Brokerages
16
Interior Design Services
1
Investment Advice
1
Jewelry Stores
5
Landscaping Services
17
Lessors of Other Real Estate Property
1
Limited-Service Restaurants
25
Machine Shops
1
Manufactured (Mobile) Home Dealers
1
Masonry Contractors
1
Mobile Food Services
1
Motor Vehicle Metal Stamping
1
Motor Vehicle Towing
2
Musical Instrument and Supplies Stores
1
Natural Gas Distribution
1
New Car Dealers
4
New Housing Operative Builders
1
Nonresidential Property Managers
1
Nursing Care Facilities
3
Office Administrative Services
2
Office Supplies and Stationery Stores
3
Offices of Certified Public Accountants
7
Offices of Chiropractors
3
Offices of Dentists
11
Offices of Optometrists
4
Offices of Other Holding Companies
1
Offices of Podiatrists
1
Offices of Real Estate Appraisers
2
Outdoor Power Equipment Stores
1
Paint and Wallpaper Stores
3
Painting and Wall Covering Contractors
2
Petroleum Bulk Stations and Terminals
1
Pharmacies and Drug Stores
4
Photography Studios, Portrait
3
Private Mail Centers
1
Quick Printing
1
Radio Stations
2
Ready-Mix Concrete Manufacturing
1
Residential Property Managers
1
Residential Remodelers
6
Roofing Contractors
1
School and Employee Bus Transportation
5
Securities Brokerage
5
Septic Tank and Related Services
3
Shoe Stores
4
Site Preparation Contractors
2
Snack and Nonalcoholic Beverage Bars
4
Sporting Goods Stores
3
Sports and Recreation Instruction
1
Temporary Help Services
2
Tire Dealers
2
Title Abstract and Settlement Offices
1
Used Car Dealers
7
Used Household and Office Goods Moving
2
Used Merchandise Stores
6
Veterinary Services
3
Video Tape and Disc Rental
5
Vocational Rehabilitation Services
5
Warehouse Clubs and Supercenters
1
Wholesale Trade Agents and Brokers
2
Wired Telecommunications Carriers
3
Women's Clothing Stores
5
Wood Container and Pallet Manufacturing
1

Forming a Company in Vincennes, Indiana

It's very important that your business is formed as a legal entity that is separate from its owners. Doing so will shield you from personal liability for business debts and obligations.

The entity you form can be a corporation, LLC, sole proprietorship, partnership or other structure.

Incorporating is a very popular way to form a business. A key decision is whether to form and S-Corp or a C-Corp, and you also must decide in which state you will incorporate. If you are starting a business in Indiana, you don't necessarily have to incorporate in Indiana. In fact, you can incorporate wherever you want. For example, it's very popular to incorporate in Delaware, and incorporating in Nevada has become very trendy as well. Don't forget, though, that you will have to register as a foreign entity in all states that you do business in.

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 may also want to seek the advice of an lawyer. Finally, if you are starting a business in Vincennes, Indiana, our information on Incorporating in Indiana may be a useful resource if you decide to incorporate in Indiana.

Make Sure You Have a Business Plan

A business plan is vital to the health of your new business. Simply put, your business plan is your game plan for how you hope to grow your business. Starting a business without a business plan is a recipe for disaster.

To learn more about business plans, read Business Plan Contests. You should also take advantage of free counseling sessions provided by your local SCORE chapter in Indiana.

Raising Money for Your Startup

Getting your Vincennes business the capital it needs to succeed 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.

Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled 504 Loans.

For Vincennes entrepreneurs who need startup capital, check out our List of Indiana Angel Investors and our List of Indiana Venture Capital Firms.

Promoting Your New Company

Whether your goal is to attract Vincennes customers or you plan on selling elsewhere, you'll need to have a good marketing plan.

You can learn a ton about marketing on our site. Television Advertising Rates is an article that will stimulate a few thoughts on your marketing plan. That's just a sampling of the many useful articles we have on Marketing a Small Business.

Moving Forward

As an entrepreneur in Vincennes, 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.

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

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

More Startup Articles for Indiana Cities

Starting a Business in Vevay
Starting a Business in Wabash

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

 

 

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