Opening a Business in Senatobia, Mississippi

Thinking about starting a business in Senatobia, Mississippi? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Senatobia.

What Business to Start

There are many businesses that you can start. How do you know which type of business is right for you? If you are struggling with what type of business to start, read Good Business Ideas.

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 a Psychological Information & Referral Services Business guide or our Starting a Television Studio Equipment Dealers Business guide.

Always keep in mind that you are starting a business in Senatobia. Some businesses will do better in Senatobia than others. Only by spending some time analyzing Senatobia demographics can you decide if there will be strong demand for your business idea.

Senatobia, Mississippi Demographic Information

Senatobia has an active business community that includes small businesses, mid-sized businesses and large businesses.

To give you a better feel for Senatobia demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Senatobia.

Business Size	# of Businesses
1-4 Employees	507
5-9 Employees	189
10-19 Employees	84
20-49 Employees	63
50-99 Employees	9
100-249 Employees	12
250-499 Employees	12
500-999 Employees	0
1000+ Employees	0
All Senatobia Businesses	876

As a new Senatobia entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Senatobia 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
Aluminum Extruded Product Manufacturing	1
Ambulance Services	1
Automotive Glass Replacement Shops	2
Automotive Parts and Accessories Stores	5
Baked Goods Stores	1
Beauty Salons	1
Bed-and-Breakfast Inns	1
Blood and Organ Banks	1
Business Associations	1
Cafeterias	1
Caterers	1
Child Day Care Services	2
Coin-Operated Laundries and Drycleaners	2
Commercial Lithographic Printing	1
Computer Systems Design Services	1
Consumer Lending	3
Convenience Stores	1
Cosmetology and Barber Schools	1
Custom Computer Programming Services	1
Dental Laboratories	1
Diet and Weight Reducing Centers	1
Direct Life Insurance Carriers	1
Drywall and Insulation Contractors	1
Electric Power Distribution	1
Elementary and Secondary Schools	2
Exterminating and Pest Control Services	4
Family Clothing Stores	2
Finish Carpentry Contractors	1
Floor Covering Stores	2
Florists	1
Food Service Contractors	1
Framing Contractors	1
Full-Service Restaurants	7
Funeral Homes and Funeral Services	2
Furniture Stores	4
General Automotive Repair	3
General Freight Trucking, Local	1
General Medical and Surgical Hospitals	1
Gift, Novelty, and Souvenir Stores	2
Golf Courses and Country Clubs	1
Graphic Design Services	1
Home Centers	1
Home Health Care Services	2
Home Health Equipment Rental	1
Ice Manufacturing	1
Insurance Agencies and Brokerages	9
Jewelry Stores	1
Junior Colleges	1
Land Subdivision	1
Landscaping Services	2
Limited-Service Restaurants	9
Logging	1
Masonry Contractors	3
Metal Household Furniture Manufacturing	1
New Car Dealers	4
New Housing Operative Builders	1
Nursing Care Facilities	1
Office Equipment Merchant Wholesalers	1
Office Supplies and Stationery Stores	1
Offices of Certified Public Accountants	3
Offices of Chiropractors	2
Offices of Dentists	6
Offices of Lawyers	7
Offices of Optometrists	1
Offices of Real Estate Appraisers	4
Optical Goods Stores	1
Outdoor Power Equipment Stores	1
Painting and Wall Covering Contractors	3
Pharmacies and Drug Stores	4
Photography Studios, Portrait	2
Plate Work Manufacturing	1
Real Estate Credit	1
Roofing Contractors	1
Securities Brokerage	1
Shoe Stores	2
Site Preparation Contractors	3
Sporting Goods Stores	1
Tax Preparation Services	2
Temporary Help Services	1
Tire Dealers	1
Tobacco Stores	2
Used Car Dealers	2
Used Merchandise Stores	1
Vending Machine Operators	1
Veterinary Services	2
Video Tape and Disc Rental	2
Warehouse Clubs and Supercenters	1
Water Supply and Irrigation Systems	2
Wholesale Trade Agents and Brokers	1
Wired Telecommunications Carriers	1
Women's Clothing Stores	5
Wood Container and Pallet Manufacturing	1

Have You Considered Buying an Existing Senatobia Business?

We've created a useful website page for those who want to Buy a Business in Mississippi. Follow that link and you might discover several good businesses for sale in Senatobia.

For anybody who wants to buy a business, we recommend reading this useful article: How to Buy a Business.

Forming a Company in Senatobia, Mississippi

A critical step is ensuring that you are forming a legal entity that operates independently from you. Doing so will separate 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 common way to legally create a business entity. A key decision is whether to form and S-Corp or a C-Corp, and you also must decide in which state you will incorporate. If you are starting a business in Mississippi, it doesn't mean you are required to incorporate in Mississippi. In fact, you are allowed to 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. To learn the fundamentals of company formation, browse articles on our site, such as Piercing the Corporate Veil. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Senatobia, 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?

Having a business plan is essential 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. Not having a business plan makes you more prone to becoming a business failure statistic.

If writing a business plan is on your to-do list, be sure to read Business Plan Outsourcing. You can also get free business counselors available to you through your local SCORE chapter in Mississippi.

Startup Financing Basics

Finding the funds to fuel the growth of your Senatobia business is very difficult due to the ongoing business credit crunch. In fact, financing your new business may be the hardest challenge you ever face.

The good news is this site contains dozens of articles on raising money, including one we recommend entitled How Much Venture Capital Is There?.

For Senatobia entrepreneurs on the hunt for startup funding, check out our List of Mississippi Angel Investors and our List of Mississippi Venture Capital Firms.

Promoting Your New Company

To rise above the crowd in Senatobia and build your business, having an excellent marketing plan is fundamental to your doing well.

We have some great resources on this site for entrepreneurs who are working on marketing plans. Comparing Advertising to PR is a good read to get your marketing juices flowing. That's just a sampling of the many useful articles we have on Marketing a Small Business.

Now It's Up To You

You have a dream -- starting a business in Senatobia. To achieve your dream, you have to persevere, even when the odds are against you.

Owning your own business will be a daunting task, but you can do it.

We are here to help Senatobia businesses to be successful. 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 Senatobia, Mississippi

Here are more links that we believe will help you be successful in starting a business in Senatobia.

• Resources for Senatobia, Mississippi Entrepreneurs - Browse a variety of resources we've collected to assist Senatobia 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.
• Senatobia, Mississippi Newspaper Ad Rates - This is a nearly comprehensive list of advertising rates for Senatobia, Mississippi newspapers, including ad costs for newspapers serving the Senatobia area.
• Senatobia, Mississippi Radio Advertising Prices - To help you in your marketing efforts, we've gathered radio advertising rates for Senatobia, Mississippi area radio stations.

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