Missouri Business Startup Guides
Starting a Business in Lee's Summit, Missouri
Thinking about starting a business in Lee's Summit, Missouri? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Lee's Summit.
Have You Considered Franchising?
As you drive around Lee's Summit, it becomes clear that purchasing a franchise is a common way to get started as an entrepreneur. But is franchising the right option for you?
Our recommendation is that you look into purchasing a franchise. This site has dozens of articles on franchising, such as How to Get More Franchisees. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Sample franchise opportunities include Subway and LA Boxing Franchise Corporation. Alternatively, you can browse franchise categories, such as Children's Fitness Franchises and Party Supply Franchises.
Note on Lee's Summit Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Lee's Summit.
Forming a Company in Lee's Summit, Missouri
A critical step is ensuring that you form your business as a legal structure. Doing so will insulate you from personal liability for business debts and obligations.
The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporating 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 Missouri, you don't necessarily have to incorporate in Missouri. In fact, you can incorporate in any state you would like to. 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 Why Incorporate in Delaware. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Lee's Summit, Missouri, our information on Incorporating in Missouri may be a useful resource if you decide to incorporate in Missouri.
Make Sure You Have a Business Plan
A business plan is essential in maximizing the prospects of your new company. Indeed, a business plan is a written description of the future you envision for your business. Starting a business without a business plan is a recipe for disaster.
Before you start writing a business plan, we suggest you skim Business Plan Contests. A great resource for business planning assistance is the free business counselors available to you through your local SCORE chapter in Missouri.
Marketing Your New Venture
Whether your goal is to attract Lee's Summit customers or you plan on selling elsewhere, you need a excellent marketing plan.
There are myriad resources on this site to help you with your marketing plan. Yellow Pages Advertising Advice discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just a taste of the many useful articles we have on Marketing a Small Business.
Bring in Revenues
Mastering the art of selling is priority one if you want your new Lee's Summit business to do well.
So what does it take to bring in more prospects and close more business? The good news is we can help you to make selling a big competitve advantage for your new firm.
Selling on the Phone is worth reading, as it may give you some good ideas on how to sell your products or services. We have many more good articles on selling that you may enjoy reading.
What's Next?
Most new Lee's Summit businesses underestimate the number of challenges they will face.
Owning your own business will be a daunting task, but you can do it.
We are here to help Lee's Summit businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Lee's Summit entrepreneur who is just getting started or you are already up and running with your new venture.
More Entrepreneurial Resources for Starting a Business in Lee's Summit, Missouri
Here are more links that we believe will help you be successful in starting a business in Lee's Summit.
- Resources for Lee's Summit, Missouri Entrepreneurs - Browse a variety of resources we've collected to assist Lee's Summit entrepreneurs.
- Missouri Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Missouri.
- Missouri Small Business Development Center - Missouri Small Business Development Center business specialists are uniquely qualified to help small businesses get started, develop and thrive.
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