Contemplating starting a business in Canyon, Texas? We walk you through the process of opening a business in Canyon.
Are You Sure You Want to Do This?
Being an entrepreneur is difficult, much harder than working as an employee. Are you positive you have the stamina and skills to succeed on your own?
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Reach out to other entrepreneurs in Canyon. Ask them candidly what it's like to run a business.
- Peruse Characteristics of Successful Entrepreneurs. This is one of our more popular articles for folks who want to go into business for themselves.
- Seek the advice of somebody who knows you well. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
What Business to Start
Choosing a business that is right for you is very important. To help you decide on a business type, we encourage you to read How to Evaluate a Business Idea.
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 How to Start an Indoor & Outdoor Courts Construction Business guide or our Opening a Spiritualists Business guide.
Always keep in mind that you are starting a business in Canyon. Think about what needs are currently being underserved in Canyon. Make sure you fully understand Canyon demographics before you lock in on your business idea.
Canyon, Texas Demographic Information
Canyon has an active business community that includes small businesses,
mid-sized businesses and large businesses.
To give you a better feel for Canyon demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Canyon.
| Business Size | # of
Businesses |
| 1-4 Employees |
587 |
| 5-9 Employees |
198 |
| 10-19 Employees |
99 |
| 20-49 Employees |
54 |
| 50-99 Employees |
27 |
| 100-249 Employees |
6 |
| 250-499 Employees |
3 |
| 500-999 Employees |
0 |
| 1000+ Employees |
0 |
| All Canyon Businesses |
974 |
As a new Canyon entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Canyon 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 |
1 |
| Art Dealers |
1 |
| Automotive Glass Replacement Shops |
1 |
| Automotive Parts and Accessories Stores |
2 |
| Bed-and-Breakfast Inns |
1 |
| Book Stores |
1 |
| Business Associations |
2 |
| Cemeteries and Crematories |
1 |
| Child Day Care Services |
5 |
| Coin-Operated Laundries and Drycleaners |
1 |
| Collection Agencies |
2 |
| Community Food Services |
1 |
| Continuing Care Retirement Communities |
1 |
| Couriers |
1 |
| Credit Unions |
1 |
| Crop Harvesting, Primarily by Machine |
1 |
| Custom Computer Programming Services |
2 |
| Direct Life Insurance Carriers |
1 |
| Discount Department Stores |
1 |
| Drywall and Insulation Contractors |
1 |
| Educational Support Services |
1 |
| Electric Power Distribution |
1 |
| Electrical Contractors |
4 |
| Elementary and Secondary Schools |
1 |
| Engineering Services |
1 |
| Environmental Consulting Services |
3 |
| Exterminating and Pest Control Services |
1 |
| Family Clothing Stores |
1 |
| Farm Supplies Merchant Wholesalers |
1 |
| Finish Carpentry Contractors |
2 |
| Fitness and Recreational Sports Centers |
2 |
| Floor Covering Stores |
1 |
| Florists |
2 |
| Flour Milling |
1 |
| Food Service Contractors |
2 |
| Full-Service Restaurants |
11 |
| Funeral Homes and Funeral Services |
2 |
| General Automotive Repair |
6 |
| Gift, Novelty, and Souvenir Stores |
2 |
| Glass and Glazing Contractors |
1 |
| Golf Courses and Country Clubs |
2 |
| Grantmaking Foundations |
2 |
| Hardware Stores |
2 |
| Homes for the Elderly |
2 |
| Insurance Agencies and Brokerages |
8 |
| Investment Advice |
2 |
| Janitorial Services |
2 |
| Land Subdivision |
2 |
| Landscaping Services |
2 |
| Lessors of Other Real Estate Property |
1 |
| Limited-Service Restaurants |
13 |
| Livestock Merchant Wholesalers |
1 |
| Masonry Contractors |
3 |
| Motor Vehicle Towing |
2 |
| Musical Instrument Manufacturing |
1 |
| New Car Dealers |
1 |
| Newspaper Publishers |
1 |
| Nonresidential Property Managers |
2 |
| Nursing Care Facilities |
1 |
| Office Administrative Services |
3 |
| Office Supplies and Stationery Stores |
1 |
| Offices of Bank Holding Companies |
1 |
| Offices of Certified Public Accountants |
2 |
| Offices of Chiropractors |
4 |
| Offices of Dentists |
4 |
| Offices of Lawyers |
2 |
| Offices of Optometrists |
3 |
| Painting and Wall Covering Contractors |
3 |
| Pet Care (except Veterinary) Services |
1 |
| Pharmacies and Drug Stores |
2 |
| Photography Studios, Portrait |
2 |
| Pipeline Transportation of Crude Oil |
1 |
| Political Organizations |
1 |
| Portfolio Management |
1 |
| Private Mail Centers |
1 |
| Professional Organizations |
1 |
| Residential Property Managers |
2 |
| Residential Remodelers |
2 |
| Retail Bakeries |
1 |
| Roofing Contractors |
1 |
| Securities Brokerage |
2 |
| Septic Tank and Related Services |
1 |
| Site Preparation Contractors |
1 |
| Snack and Nonalcoholic Beverage Bars |
2 |
| Solid Waste Collection |
1 |
| Solid Waste Landfill |
1 |
| Sporting Goods Stores |
1 |
| Tax Preparation Services |
1 |
| Tire Dealers |
1 |
| Travel Trailer and Camper Manufacturing |
1 |
| Used Merchandise Stores |
2 |
| Veterinary Services |
3 |
| Video Tape and Disc Rental |
2 |
| Wired Telecommunications Carriers |
1 |
Naming the Business
A good company name can give a big boost to a new startup. It might seem like an easy thing to do, but there are many things to consider when naming a business.
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.
To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Company.
There's one other important factor when naming a business. Since you are opening a business in Canyon, it's critical that you ensure that you will be the only Texas company using the business name you have chosen.
Raising Money for Your New Venture
Finding the funds to fuel the growth of your Canyon business is a difficult chore. 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 Canyon entrepreneurs in need of startup financing, check out our List of Texas Angel Investors and our List of Texas Venture Capital Firms.
Building Up Your Sales
Do you know how to sell? In order to attract customers to your new Canyon business, you need to focus on sales.
Good selling involves demonstrating that your wares meet your customer's needs. Let us help you refine your selling techniques through our many useful sales advice tips.
Selling with Questions offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.
Improving Your Entrepreneurial Skillset
The best business owners recognize that they need to continually improve.
Given that you are starting a business in Canyon, Texas, you will want to take advantage of the many programs available at nearby Texas universities, colleges and community colleges. We also suggest you look into networking groups or organizations in which Canyon entrepreneurs get together to network and trade their business experiences.
Next Steps
As an entrepreneur in Canyon, you won't be working for the boss anymore. You are the boss.
From this point on, you control your own destiny.
Our goal here is to promote the vitality and growth of small businesses in Canyon and throughout the United States . We believe entrepreneurship is an amazing engine for job creation in Canyon, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Canyon, Texas
Here are more links that we believe will help you be successful in starting a business in Canyon.
- Resources for Canyon, Texas Entrepreneurs - Browse a variety of resources we've collected to assist Canyon entrepreneurs.
- Texas Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Texas.
- Houston, Texas Small Business Development Center - Serving 32 counties in Southeast Texas through 14 business consulting and training centers, the Small Business Development Center Network contributes to the growth and prosperity of the Texas Gulf Coast communities.
- North Texas Small Business Development Center - The NTSBDC Network promotes small business success by providing management education.
- Northwest Texas Small Business Development Center - The Northwest Texas Small Business Development Center was established with Texas Tech University in 1986. This regional program serves over ninety thousand square miles including ninety-five counties with a population base of approximately 1.8 million people. This region is serviced by six centers located in Lubbock, Amarillo, Midland/Odessa, Abilene, Stephenville, and Wichita Falls.
- South-West Texas Border SBDC Network Texas Small Business Development Center - The South-West Texas Border Small Business Development Center (SBDC) provides consulting and technical assistance to the small business community.
- Canyon, Texas Newspaper Ad Rates - This is a nearly comprehensive list of advertising rates for Canyon, Texas newspapers, including ad costs for newspapers serving the Canyon area.
- Canyon, Texas Radio Advertising Prices - To help you in your marketing efforts, we've gathered radio advertising rates for Canyon, Texas area radio stations.
More Startup Articles for Texas Cities
Starting a Business in Canadian
Starting a Business in Canyon Lake
Browse All
Business Startup Guides for Texas
