Business Startup/Expansion
Business Startup! Business Expansion! Business is Hard! Do your homework before you invest your time and money.
Question #1: What problem are you solving with your business?
Question #2: Will people pay to have you solve the problem?
Question #3: Will people pay enough to make your business viable?
Do you have a Business Plan?
Do you need Counseling or need Questions Answered?
Call the Chamber of Commerce at 870-448-2557
From an article in Arkansas Busines magazine, “People forget that 52% of all the restaurants that open close within one year, and a large percentage of any independent restaurants that are not affiliated with the national brand, it’s something like 70% ultimately fail,” Keet said. “Not all brands succeed. So that’s just kind of the backdrop. Arkansas Restaurants Face Rising Costs With No Easy Solutions
If you're planning a restaurant, have you completed ServSafe? The University of Arkansas System Division of Agriculture Extension Service has ServSafe certified county educators in Family and Consumer Sciences trained to deliver ServSafe ® workshops in various locations throughout the state. County Educators provide training and proctor the exam for food service employees requiring food handler certification. Safe Food Handling Training Opportunities - ServSafe training (uada.edu) Please call the Searcy County Cooperative Extension Service Consumer Science Office at 870-448-3981
Are you ready for Health Inspections, Liability & Property Insurance Costs, Employee Withholdings (Social Security, Medicare, Unemployment,) Utility Costs, Worker's Compensation Insurance, Inventory Management, Employee Hiring & Training, Advertising, Bookkeeping & Taxes, Equipment Repair & Replacement, etc?
Set up a Counseling session with Arkansas Small Business and Technology Development Center (ASBTDC) Business Consultant. The Arkansas Small Business and Technology Development Center is a higher-education-based economic development program that assists entrepreneurs, both new and seasoned. They help with every aspect of business creation, management, and operation. https://asbtdc.org/ Call 501-916-3700
Business Startup Overview https://asbtdc.org/startup-
Do you have an Employer Identification Number EIN? https://www.irs.gov/
Are you registered with the Arkansas Secretary of State? https://www.sos.arkansas.gov/
Are you set up to collect and remit Sales Tax? Practically Every Business in Arkansas, whether home-based, internet-based, or storefront-based, full or part-time, must collect and remit Sales Tax. Sales and Use Tax, Sales.tax@dfa.arkansas.gov, P: 501-682-7104
The Arkansas Business Resource Hub is a free, centralized, statewide listing of the organizations committed to helping entrepreneurs and small business owners access the many resources, programs, and funding opportunities available to them. The site is managed by the University of Arkansas Office of Entrepreneurship & Innovation, and made possible through the generous funding of the Arkansas Economic Development Commission (AEDC), the Winthrop Rockefeller Foundation, the Asset Funder's Network, the Arkansas Women's Foundation, and the Arkansas Community Foundation. https://arbusinessresourcehub.com/
Do you have a Business name?
Do you have an organizational structure?
Will you have employees and need to make Payroll Deductions for Social Security, Medicare Taxes, Unemployment Tax? Arkansas Department of Workforce Services
501.682.3268, dws.arkansas.gov. State Withholding 501.682.2212 dfa.arkansas.gov
Will you need Worker’s Compensation Insurance?
Do you have liability insurance?
Are you a member of the local chamber of commerce? Call 870-448-2557 https://searcycountyarkansas.
Have you consulted with Startup Junkie? https://startupjunkie.org/
Do you have a Scalable Business, a business capable of growth and expansion? Visit Conductor. 501-472-3106 https://arconductor.org/ 1201 Oak St. Conway, AR 72032 info@ARConductor.org
Do you have a Scalable Business that is Tech Enabled? Contact Arise Arkansas 479-402-0036. https://arisearkansas.org/
Do you need Social Media Help with your Business? Contact Bailee Taylor Social Media Services 870-504-3258. https://www.facebook.com/
Do you need a professional website? Contact VisionAmp Web Design. Call 870-580-0909. https://visionamp.com/ Also, contact Natural State Systems of Marshall! They help small businesses grow with affordable, professional web design and reliable bookkeeping services! Phone: 870-504-2991
Do you need Financing/Loan?
Bank of 1889, 870-448-2222, Marshall https://www.1889.bank/
Bank OZK, 870-448-5228, Marshallhttps://www.ozk.com/business/
Barksdale Federal Credit Union, 870-448-4488, Marshall https://www.bfcu.org/home/home
Simmons Bank, 870-448-3341, Marshallhttps://www.simmonsbank.com/
Certified Public Accountant
Paul Ray Williams, CPA, 870-448-2271, Marshall
ZenBusiness is a company that provides an easy, all-in-one platform and trusted guidance for small business owners. They’ve consolidated all the tools, services, and expert support needed to start, run, and grow a successful business. Think of it as the operating system for small business success. Customers can protect their liability, manage money, and establish their brand–all in one place. 844-493-6249 https://www.zenbusiness.com/arkansas-llc/
Arkansas Capital https://arcapital.com/