Small Business Resource Guide

Considering Starting a New Business in Butler County?

The decision to start a business is a big step to take there is no way to eliminate all the risks associated with starting a small business. However, you can improve your chances of success with good planning and preparation. This is where we can help. The information provided in this guide is provided as a resource tool to assist with starting a new business. For additional assistance, contact Butler County Economic Development at (316) 322-4325 or (800) 940-6017.

Please note: The information contained herein is provided for discussion and educational purposes only, and should not be relied on as a substitute for legal advice. Please consult the appropriate professionals for further clarification and for assistance when making legal decisions.

Steps to Success

  • Validate License, Registration, and Permits
  • Ignite your Business Plan
  • Select Business Structure or Organization
  • Identify Possible Site Locations
  • Options in Financing
  • Notable Assistance, Resources, and Links

Getting Started

Before starting out, list your reasons for wanting to go into business. Some of the most common reasons to consider are listed below:
  • You want to be your own boss.
  • You want financial independence.
  • You want creative freedom.
  • You want to fully use your skills and knowledge.

Next you need to determine what business is right for you:
  • What do I like to do with my time?
  • What technical skills have I learned or developed?
  • What do others say I am good at?
  • How much time do I have to run a successful business?
  • Do I have any hobbies or interests that are marketable?

Then you should identify the niche your business will fill:
  • Is my idea practical and will it fill a need?
  • What is my competition?
  • Can I deliver a better quality service?
  • What is my business advantage over existing firms?
  • Can I create a demand for my business?

The final step before developing your plan is the pre-business checklist:
  • What business am I interested in starting?
  • What services or products will I sell?
  • Where will I be located?
  • What skills and experience do I bring to the business?
  • What will be my legal structure?
  • What will I name by business?
  • What equipment or supplies will I need?
  • What insurance coverage will be needed?
  • What financing will I need?
  • What are my resources?
  • How will I compensate myself?

Answering these preliminary steps will help you create a focused, well-researched business plan that should serve as a blueprint. It should detail how the business will be operated, managed, and capitalized.