Mississippi Business Startup Guides
Starting a Business in Aberdeen, Mississippi
Thinking about starting a business in Aberdeen, Mississippi? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Aberdeen.
Are You Ready for Entrepreneurship?
Most new companies fail, in part because the entrepreneur did not have the entrepreneurial skills and traits needed to succeed. So, before you start your business, consider all of the implications of being an entrepreneur.
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Talk to other entrepreneurs in Aberdeen. Listen closely to their experiences and see if you think you too can be successful.
- We recommend reading Why Small Businesses Fail. For aspiring new entrepreneurs, it's a must read article.
- Get feedback from somebody whom you trust. Ask them directly: Do I have what it takes to be an entrepreneur? Listen carefully to their answer, as they presumably know your strengths and weaknesses.
Which Business to Choose?
There are many businesses that you can start. How do you know which type of business is right for you? To stir your creative juices on what kind of business to start, take a look at Business Ideas That Don't Make Sense.
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 Opening a Marching Bands Instruction & Accessories Business guide or our Starting a Plastic Barrels & Drums Business guide.
Always keep in mind that you are opening your new business in Aberdeen. Some businesses will do better in Aberdeen than others. Don't forget to review Aberdeen demographics to see if there's a market for what you want to sell.
Aberdeen, Mississippi Demographic Information
Aberdeen has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Aberdeen demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Aberdeen.
Businesses
As a new Aberdeen entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Aberdeen 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
Have You Considered Buying an Existing Aberdeen Business?
An excellent way to get started in business is to Buy a Business in Mississippi. Follow that link and you may find several good businesses for sale in Aberdeen.
Before buying a business, be sure to read this article: Hold Harmless Agreements When Buying Businesses.
Forming a Company in Aberdeen, Mississippi
It's essential that your business is formed as a legal entity that is separate from its owners. Among other things, forming a legal entity for the business limits your liabilities.
The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporation is a very popular way to form a business. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in Mississippi, you don't necessarily have to incorporate in Mississippi. In fact, you can incorporate in the state of your choosing. However, if you do incorporate in another state, you'll have to register as a foreign corporation in your home state.
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 LLC Advantages. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Aberdeen, Mississippi, our information on Incorporating in Mississippi may be a useful resource if you decide to incorporate in Mississippi.
Do You Need a Business Plan?
Writing a business plan is critical in laying a solid foundation for your business success. Indeed, your business plan is your game plan for how you hope to grow your business. Starting a business without a business plan will greatly reduce your chances of business success.
To learn more about business plans, read Reasons to Write a Business Plan. A great resource for business planning assistance is the free counseling sessions provided by your local SCORE chapter in Mississippi.
Never Give Up
Most new Aberdeen businesses underestimate the number of challenges they will face.
From this point on, you control your own destiny.
This site is all about helping entrepreneurs in Aberdeen and elsewhere to achieve real success. 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 Aberdeen, Mississippi
Here are more links that we believe will help you be successful in starting a business in Aberdeen.
- Resources for Aberdeen, Mississippi Entrepreneurs - Browse a variety of resources we've collected to assist Aberdeen entrepreneurs.
- Mississippi Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Mississippi.
- Mississippi Small Business Development Center - The Mississippi Small Business Development Centers (MSBDC) is dedicated to helping build and grow businesses in Mississippi. For new entrepreneurs, this is an excellent resource.
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