Contemplating starting a business in Booneville, Mississippi? We walk you through the process of opening a business in Booneville.
Do You Have What It Takes?
Before you get too far along in the process, take inventory of your entrepreneurial instincts and capabilities.
Before you move forward with starting a business, be sure to do these three things:
- Talk to other entrepreneurs in Booneville. Get their candid feedback on what it takes to start a successful business.
- We recommend reading Why Small Businesses Fail. For aspiring new entrepreneurs, it's a must read article.
- Get feedback from somebody whom you trust. A support network of family and friends can be a great sounding board for good advice before you decide for sure to go into business.
Booneville, Mississippi Demographic Information
Booneville has an active business community that includes small businesses,
mid-sized businesses and large businesses.
To give you a better feel for Booneville demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Booneville.
| Business Size | # of
Businesses |
| 1-4 Employees |
1989 |
| 5-9 Employees |
576 |
| 10-19 Employees |
477 |
| 20-49 Employees |
297 |
| 50-99 Employees |
63 |
| 100-249 Employees |
63 |
| 250-499 Employees |
36 |
| 500-999 Employees |
9 |
| 1000+ Employees |
0 |
| All Booneville Businesses |
3510 |
As a new Booneville entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Booneville 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 |
| Automotive Glass Replacement Shops |
2 |
| Automotive Parts and Accessories Stores |
6 |
| Beauty Salons |
2 |
| Book Stores |
1 |
| Business Associations |
1 |
| Cable and Other Program Distribution |
2 |
| Cheese Manufacturing |
1 |
|
Child Day Care Services |
2 |
| Civic and Social Organizations |
1 |
| Commercial Lithographic Printing |
1 |
| Consumer Lending |
7 |
| Cosmetology and Barber Schools |
1 |
| Couriers |
1 |
| Curtain and Drapery Mills |
1 |
| Cut Stock, Resawing Lumber, and Planing |
1 |
|
Discount Department Stores |
1 |
| Electric Power Distribution |
1 |
| Electrical Contractors |
2 |
| Elementary and Secondary Schools |
2 |
| Engineering Services |
1 |
| Exterminating and Pest Control Services |
1 |
| Facilities Support Services |
1 |
| Family Clothing Stores |
2 |
|
Farm Supplies Merchant Wholesalers |
1 |
| Fine Arts Schools |
1 |
| Finish Carpentry Contractors |
1 |
| Fish and Seafood Markets |
2 |
| Fitness and Recreational Sports Centers |
2 |
| Floor Covering Stores |
1 |
| Florists |
4 |
| Folding Paperboard Box Manufacturing |
1 |
|
Food Service Contractors |
1 |
| Framing Contractors |
3 |
| Freight Transportation Arrangement |
1 |
| Full-Service Restaurants |
6 |
| Funeral Homes and Funeral Services |
2 |
| Furniture Stores |
4 |
| General Automotive Repair |
6 |
| General Freight Trucking, Local |
4 |
|
General Medical and Surgical Hospitals |
1 |
| Gift, Novelty, and Souvenir Stores |
1 |
| Golf Courses and Country Clubs |
1 |
| Graphic Design Services |
1 |
| Homes for the Elderly |
1 |
| Household Appliance Stores |
1 |
| Industrial Building Construction |
1 |
| Industrial Launderers |
1 |
|
Institutional Furniture Manufacturing |
1 |
| Insurance Agencies and Brokerages |
5 |
| Investment Advice |
2 |
| Jewelry Stores |
1 |
| Landscape Architectural Services |
2 |
| Landscaping Services |
1 |
| Limited-Service Restaurants |
15 |
| Linen Supply |
1 |
|
Local Messengers and Local Delivery |
1 |
| Logging |
9 |
| Machine Shops |
1 |
| Meat Processed from Carcasses |
1 |
| New Car Dealers |
5 |
| New Housing Operative Builders |
2 |
| Newspaper Publishers |
2 |
| Nursing Care Facilities |
2 |
|
Office Administrative Services |
2 |
| Office Supplies and Stationery Stores |
1 |
| Offices of Certified Public Accountants |
2 |
| Offices of Chiropractors |
1 |
| Offices of Dentists |
6 |
| Offices of Lawyers |
13 |
| Offices of Optometrists |
1 |
| Outdoor Power Equipment Stores |
1 |
|
Painting and Wall Covering Contractors |
1 |
| Passenger Car Rental |
1 |
| Pet Care (except Veterinary) Services |
1 |
| Petroleum Bulk Stations and Terminals |
1 |
| Pharmacies and Drug Stores |
6 |
| Photography Studios, Portrait |
1 |
| Polystyrene Foam Product Manufacturing |
1 |
| Radio Stations |
3 |
|
Ready-Mix Concrete Manufacturing |
1 |
| Residential Property Managers |
1 |
| Securities Brokerage |
1 |
| Siding Contractors |
1 |
| Site Preparation Contractors |
5 |
| Snack and Nonalcoholic Beverage Bars |
1 |
| Solid Waste Landfill |
2 |
| Sporting Goods Stores |
1 |
|
Tax Preparation Services |
1 |
| Television Broadcasting |
1 |
| Temporary Help Services |
1 |
| Tile and Terrazzo Contractors |
1 |
| Timber Tract Operations |
2 |
| Tire Dealers |
3 |
| Tobacco Stores |
2 |
| Travel Trailer and Camper Manufacturing |
1 |
|
Truss Manufacturing |
1 |
| Used Car Dealers |
3 |
| Used Household and Office Goods Moving |
1 |
| Used Merchandise Stores |
1 |
| Vending Machine Operators |
1 |
| Video Tape and Disc Rental |
1 |
| Water Supply and Irrigation Systems |
6 |
| Wholesale Trade Agents and Brokers |
2 |
|
Wired Telecommunications Carriers |
1 |
| Women's Clothing Stores |
1 |
Choosing a Company Name
A big decision when starting a company is choosing a company name. Believe it or not, choosing a good company name can be a big contributor to your business success.
Pick a company name that isn't too generic. If you do a search engine search for your proposed name and a billion results come up, you may want to reconsider the name. It's much easier to come up in the search engines when your name is fairly unique.
For other considerations regarding naming a company, we recommend this article: Branding Advice.
As a final piece of advice, remember that because you are opening a business in Booneville, it's very important that you make sure no other Mississippi company is using the business name you want to use.
The Role of the Business Plan
Creating a business plan is essential to the health of your new business. Indeed, your business plan is your game plan for how you hope to grow your business. Not having a business plan
Before you start writing a business plan, we suggest you skim Business Presentations. You can also get free counseling sessions provided by your local SCORE chapter in Mississippi.
Raising Capital for Your Venture
Getting your Booneville business the capital it needs to succeed is very difficult due to the ongoing business credit crunch. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.
Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled 504 Loans.
For Booneville entrepreneurs who need startup capital, check out our List of Mississippi Angel Investors and our List of Mississippi Venture Capital Firms.
Bring in Revenues
Being able to sell is critical to your business success. Whether you are focused on selling local customers in Booneville or are selling to customers throughout Mississippi, the United States or even the world, you have to be able to sell.
Good selling involves demonstrating that your wares meet your customer's needs. Fortunately, we've got plenty of good advice to help you improve your selling skills.
Selling Stuff on the Web offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.
Now It's Up To You
You have a dream -- starting a business in Booneville. To achieve your dream, you have to persevere, even when the odds are against you.
From this point on, you control your own destiny.
Our goal here is to promote the vitality and growth of small businesses in Booneville and throughout the United States . 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 Booneville, Mississippi
Here are more links that we believe will help you be successful in starting a business in Booneville.
- Resources for Booneville, Mississippi Entrepreneurs - Browse a variety of resources we've collected to assist Booneville 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.
- Booneville, Mississippi Newspaper Ad Rates - This is a nearly comprehensive list of advertising rates for Booneville, Mississippi newspapers, including ad costs for newspapers serving the Booneville area.
- Booneville, Mississippi Radio Advertising Prices - To help you in your marketing efforts, we've gathered radio advertising rates for Booneville, Mississippi area radio stations.
- Booneville, Mississippi Payroll Services - This list includes Booneville, Mississippi payroll services, national payroll services for Booneville, and helpful information on choosing a Booneville payroll service.
- Booneville, Mississippi Businesses for Sale - This list includes resources for buying a business in Booneville, Mississippi, such as business brokers in Booneville and other helpful information on how to buy a Booneville business.
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