January 24, 2021  
 
  Entrepreneurial Resources - Advice for Oklahoma Entrepreneurs  
  Allen, Oklahoma Resources for Entrepreneurs  
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Opening a Business in Allen, Oklahoma

Contemplating starting a business in Allen, Oklahoma? We walk you through the process of opening a business in Allen.

Will You Be a Good Entrepreneur?

Before quitting your day job, take inventory of your entrepreneurial instincts and capabilities.

Because entrepreneurship is not for everyone, we recommend you do the following to help you assess whether you should move forward with starting a business:

  • Talk to other entrepreneurs in Allen. They are usually very willing to share their insights on the ups and downs of being an entrepreneur.
  • We recommend reading Characteristics of Successful Entrepreneurs. For aspiring new entrepreneurs, it's a must read article.
  • Seek the advice of somebody who knows you well. Others sometimes know you better than you know yourself.

Allen, Oklahoma Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 399
5-9 Employees 21
10-19 Employees 84
20-49 Employees 63
50-99 Employees 21
100-249 Employees 0
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Allen Businesses 588

As a new Allen entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Allen 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
Community Food Services 1
Educational Support Services 1
Environmental Consulting Services 1
Full-Service Restaurants 1
Home Health Care Services 1
Insurance Agencies and Brokerages 1
Janitorial Services 1
Meat Processed from Carcasses 1
Natural Gas Distribution 1
Nursing Care Facilities 1
Polystyrene Foam Product Manufacturing 1
Special Needs Transportation 1
Travel Trailer and Camper Manufacturing 1
Veterinary Services 1

Have You Considered Buying an Existing Allen Business?

If you have some capital to play with, you may want to Buy a Business in Oklahoma. Follow that link and you may find several good businesses for sale in Allen.

Before buying a business, be sure to read this article: Buying a Business.

Forming a Company in Allen, Oklahoma

A critical step is ensuring that your business is formed as a legal entity that is separate from its owners. Doing so will insulate you from personal liability for business debts and obligations.

When forming a company, you will pick from many company types, such as 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 Oklahoma, you don't necessarily have to incorporate in Oklahoma. 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. 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 attorney. On a final note, since you will be starting a business in Allen, Oklahoma, our web page covering Incorporating in Oklahoma may be a useful resource if you decide to incorporate in Oklahoma.

Marketing Your New Venture

To rise above the crowd in Allen and build your business, having an excellent marketing plan is fundamental to your beating the competition.

You can learn plenty about marketing on our site. Internet Advertising is a good read to get your marketing juices flowing. That's just one of the many useful articles we have on Marketing a Small Business.

How to Improve Your Entrepreneurial Abilities

The best business owners recognize that what they know now may not be enough to ensure their future success.

As an entrepreneur who lives in Allen, Oklahoma, you should get information on some of the many programs available at nearby Oklahoma universities, colleges and community colleges. You should also check if there are any networking organizations for Allen entrepreneurs.

What's Next?

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

From this point on, you control your own destiny.

This site is all about helping entrepreneurs in Allen and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Allen 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 Allen, Oklahoma

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

 

 

Additional Resources for Entrepreneurs

Buying a Business

Writing a Business Plan

Raising Money

Incorporate

Small Business Marketing

Advertising Advice

Public Relations -

Customer Service Tips

Entrepreneurial Selling

Workplace Safety