August 11, 2020  
 
  Entrepreneurial Resources - Advice for Texas Entrepreneurs  
  Amarillo, Texas Resources for Entrepreneurs  
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Open a Business in Amarillo, Texas

Need help starting a business in Amarillo, Texas? We've got the information you need to open a business in Amarillo.

Are You Ready for the Challenges of Being an Entrepreneur?

An entrepreneurial life is hard work, much harder than working as an employee. Are you sure you want to start a business?

Here are three things we recommend you do before you fully commit to starting a new business of your own.

  • Talk to other entrepreneurs in Amarillo. Listen closely to their experiences and see if you think you too can be successful.
  • We recommend reading Should You Become an Entrepreneur?. For aspiring new entrepreneurs, it's a must read article.
  • Have a candid conversation with friends and family. Ask them directly: Do I have what it takes to be an entrepreneur? Listen carefully to their answer, as they presumably know your strengths and weaknesses.

Amarillo, Texas Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 8194
5-9 Employees 3574
10-19 Employees 2202
20-49 Employees 1494
50-99 Employees 528
100-249 Employees 234
250-499 Employees 57
500-999 Employees 9
1000+ Employees 18
All Amarillo Businesses 16310

As a new Amarillo entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Amarillo 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
Adhesive Manufacturing 1
Advertising Agencies 9
Amusement and Theme Parks 2
Amusement Arcades 5
Animal (except Poultry) Slaughtering 5
Appliance Repair and Maintenance 6
Apprenticeship Training 2
Architectural Services 14
Armored Car Services 2
Automobile Driving Schools 3
Automotive Exhaust System Repair 3
Automotive Glass Replacement Shops 14
Automotive Parts and Accessories Stores 34
Automotive Transmission Repair 15
Baked Goods Stores 4
Barber Shops 1
Beauty Salons 27
Beer and Ale Merchant Wholesalers 3
Beer, Wine, and Liquor Stores 25
Beet Sugar Manufacturing 1
Blood and Organ Banks 2
Boat Dealers 3
Book Publishers 1
Book Stores 6
Bottled Water Manufacturing 1
Bowling Centers 4
Broom, Brush, and Mop Manufacturing 1
Building Inspection Services 2
Business Associations 11
Business to Business Electronic Markets 1
Cable and Other Program Distribution 4
Cafeterias 4
Camera and Photographic Supplies Stores 1
Car Washes 14
Carpet and Upholstery Cleaning Services 6
Caterers 5
Cemeteries and Crematories 3
Child and Youth Services 5
Child Day Care Services 38
Children's and Infants' Clothing Stores 7
Civic and Social Organizations 30
Claims Adjusting 13
Clothing Accessories Stores 9
Coin-Operated Laundries and Drycleaners 9
Collection Agencies 6
Commercial Bakeries 1
Commercial Flexographic Printing 1
Commercial Lithographic Printing 8
Commercial Screen Printing 5
Commodity Contracts Brokerage 5
Community Food Services 2
Computer and Software Stores 13
Computer Systems Design Services 10
Computer Training 1
Confectionery and Nut Stores 3
Confectionery Merchant Wholesalers 1
Construction Machinery Manufacturing 2
Construction Sand and Gravel Mining 1
Consumer Lending 16
Continuing Care Retirement Communities 7
Convenience Stores 7
Convention and Trade Show Organizers 1
Convention and Visitors Bureaus 1
Cosmetology and Barber Schools 2
Couriers 9
Court Reporting and Stenotype Services 4
Credit Unions 15
Crop Harvesting, Primarily by Machine 1
Curtain and Drapery Mills 1
Custom Computer Programming Services 10
Dental Laboratories 11
Diagnostic Imaging Centers 8
Diet and Weight Reducing Centers 2
Direct Life Insurance Carriers 6
Direct Mail Advertising 2
Direct Title Insurance Carriers 4
Directory and Mailing List Publishers 8
Discount Department Stores 3
Display Advertising 3
Dog and Cat Food Manufacturing 2
Drafting Services 3
Drilling Oil and Gas Wells 3
Drinking Places (Alcoholic Beverages) 48
Drywall and Insulation Contractors 15
Educational Support Services 1
Electric Power Distribution 8
Electrical Contractors 56
Electronic Shopping 6
Elementary and Secondary Schools 9
Emergency and Other Relief Services 3
Employment Placement Agencies 1
Engineering Services 30
Environmental Consulting Services 6
Exam Preparation and Tutoring 2
Exterminating and Pest Control Services 12
Family Clothing Stores 23
Family Planning Centers 2
Farm Labor Contractors and Crew Leaders 1
Farm Management Services 2
Farm Supplies Merchant Wholesalers 7
Fine Arts Schools 5
Finish Carpentry Contractors 14
Fitness and Recreational Sports Centers 7
Flight Training 1
Floor Covering Stores 14
Flooring Contractors 5
Florists 12
Fluid Milk Manufacturing 1
Food (Health) Supplement Stores 7
Food Product Machinery Manufacturing 1
Food Service Contractors 3
Footwear and Leather Goods Repair 1
Formal Wear and Costume Rental 4
Fossil Fuel Electric Power Generation 1
Framing Contractors 12
Freight Transportation Arrangement 2
Frozen Specialty Food Manufacturing 1
Full-Service Restaurants 142
Funeral Homes and Funeral Services 13
Furniture Stores 26
General Automotive Repair 58
General Freight Trucking, Local 14
General Medical and Surgical Hospitals 3
General Rental Centers 6
General Warehousing and Storage 4
Gift, Novelty, and Souvenir Stores 24
Glass and Glazing Contractors 2
Golf Courses and Country Clubs 5
Grantmaking Foundations 4
Graphic Design Services 2
Hand and Edge Tool Manufacturing 1
Hardware Merchant Wholesalers 5
Hardware Stores 3
Hazardous Waste Collection 1
Heating Oil Dealers 1
Historical Sites 1
Hobby, Toy, and Game Stores 11
Home Centers 4
Home Furnishing Merchant Wholesalers 3
Home Health Care Services 27
Home Health Equipment Rental 5
Homes for the Elderly 6
Household Appliance Stores 6
Hunting and Trapping 1
Ice Manufacturing 1
Industrial Building Construction 1
Industrial Gas Manufacturing 2
Industrial Launderers 5
Industrial Valve Manufacturing 1
Insurance Agencies and Brokerages 128
Interior Design Services 1
Internet Service Providers 2
Interurban and Rural Bus Transportation 2
Investigation Services 1
Investment Advice 12
Iron Foundries 1
Janitorial Services 34
Jewelry Stores 16
Kidney Dialysis Centers 3
Land Subdivision 10
Landscape Architectural Services 2
Landscaping Services 40
Lessors of Other Real Estate Property 10
Libraries and Archives 1
Limited-Service Restaurants 174
Limousine Service 1
Linen Supply 2
Livestock Merchant Wholesalers 1
Local Messengers and Local Delivery 5
Locksmiths 3
Machine Shops 11
Mail-Order Houses 3
Manifold Business Forms Printing 2
Manufactured (Mobile) Home Dealers 8
Marinas 1
Marketing Consulting Services 6
Masonry Contractors 21
Materials Recovery Facilities 1
Meat Markets 5
Meat Processed from Carcasses 2
Media Representatives 1
Medical Laboratories 10
Men's Clothing Stores 3
Metal Household Furniture Manufacturing 1
Metal Tank (Heavy Gauge) Manufacturing 2
Mineral Wool Manufacturing 1
Miscellaneous Intermediation 22
Mortgage and Nonmortgage Loan Brokers 4
Motion Picture and Video Production 4
Motor Vehicle Towing 4
Motorcycle Dealers 4
Museums 2
Musical Groups and Artists 4
Musical Instrument and Supplies Stores 4
Nail Salons 1
Natural Gas Distribution 6
Natural Gas Liquid Extraction 2
New Car Dealers 25
New Housing Operative Builders 5
Newspaper Publishers 2
Nonresidential Property Managers 16
Nursing Care Facilities 12
Office Administrative Services 46
Office Equipment Merchant Wholesalers 8
Office Machinery Manufacturing 1
Office Supplies and Stationery Stores 5
Offices of Certified Public Accountants 59
Offices of Chiropractors 31
Offices of Dentists 82
Offices of Lawyers 119
Offices of Optometrists 24
Offices of Other Holding Companies 4
Offices of Podiatrists 7
Offices of Real Estate Appraisers 9
Open-End Investment Funds 1
Ophthalmic Goods Merchant Wholesalers 1
Optical Goods Stores 10
Outdoor Power Equipment Stores 4
Packaging and Labeling Services 1
Paging 2
Paint and Wallpaper Stores 9
Painting and Wall Covering Contractors 30
Parking Lots and Garages 1
Passenger Car Rental 10
Payroll Services 3
Periodical Publishers 5
Pet and Pet Supplies Stores 3
Pet Care (except Veterinary) Services 6
Petroleum Bulk Stations and Terminals 2
Pharmacies and Drug Stores 25
Photography Studios, Portrait 16
Pipeline Transportation of Crude Oil 1
Pipeline Transportation of Natural Gas 3
Plastics Bottle Manufacturing 2
Plastics Plumbing Fixture Manufacturing 1
Plate Work Manufacturing 1
Political Organizations 5
Portfolio Management 9
Primary Smelting and Refining of Copper 1
Private Mail Centers 3
Professional Employer Organizations 3
Professional Organizations 4
Quick Printing 3
Radio Networks 2
Radio Stations 8
Ready-Mix Concrete Manufacturing 1
Real Estate Credit 16
Real Estate Investment Trusts 2
Recreational Goods Rental 1
Recreational Vehicle Dealers 8
Refrigerated Warehousing and Storage 1
Remediation Services 2
Rendering and Meat Byproduct Processing 2
Residential Property Managers 17
Residential Remodelers 39
Retail Bakeries 9
Reupholstery and Furniture Repair 2
Roofing Contractors 23
Sales Financing 5
Savings Institutions 9
Scheduled Freight Air Transportation 1
Scheduled Passenger Air Transportation 5
School and Employee Bus Transportation 1
Securities Brokerage 26
Security Guards and Patrol Services 3
Septic Tank and Related Services 4
Sheet Metal Work Manufacturing 2
Shoe Stores 27
Siding Contractors 4
Sign Manufacturing 5
Site Preparation Contractors 12
Snack and Nonalcoholic Beverage Bars 31
Software Publishers 5
Solid Waste Collection 4
Sporting Goods Stores 16
Sports and Recreation Instruction 7
Sports Teams and Clubs 2
Tax Preparation Services 14
Taxi Service 2
Telecommunications Resellers 3
Telemarketing Bureaus 1
Telephone Answering Services 1
Television Broadcasting 4
Temporary Help Services 14
Temporary Shelters 4
Testing Laboratories 6
Theater Companies and Dinner Theaters 3
Tile and Terrazzo Contractors 8
Tire and Tube Merchant Wholesalers 2
Tire Dealers 21
Tire Retreading 2
Title Abstract and Settlement Offices 3
Tobacco Stores 3
Tortilla Manufacturing 1
Travel Agencies 5
Travel Trailer and Camper Manufacturing 1
Truss Manufacturing 1
Used Car Dealers 42
Used Household and Office Goods Moving 7
Used Merchandise Stores 17
Vending Machine Operators 3
Veterinary Services 19
Video Tape and Disc Rental 5
Voluntary Health Organizations 6
Warehouse Clubs and Supercenters 4
Wholesale Trade Agents and Brokers 13
Window Treatment Stores 1
Wired Telecommunications Carriers 15
Women's Clothing Stores 28
Wood Container and Pallet Manufacturing 2

Picking a Company Name

Making the right decision when choosing a company name is very important. There are many decisions you'll make now that you can change later, but changing a company name years down the road is not very easy. So, choose a good company name at the outset.

Even if the name doesn't do it by itself, many naming experts believe there should be a story behind the name that ties into your company mission.

For other considerations regarding naming a company, we recommend this article: Naming a Business.

There's one other important factor when naming a business. Since you are starting a business in Amarillo, it's critical that you ensure that no other Texas company is using the business name you want to use.

Forming a Company in Amarillo, Texas

It's very important that your business is formed as a legal entity that is separate from its owners. Doing so will protect 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.

Incorporation 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 Texas, you don't necessarily have to incorporate in Texas. 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 ESOP Formation. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Amarillo, Texas, our information on Incorporating in Texas may be a useful resource if you decide to incorporate in Texas.

Startup Financing Basics

Getting your Amarillo business the capital it needs to succeed 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 Getting a Small Business Loan.

For Amarillo entrepreneurs who need startup capital, you'll want to take a look at our List of Texas Angel Investors and our List of Texas Venture Capital Firms.

Ramping Up Sales

Do you know how to sell? In order to attract customers to your new Amarillo business, you need to focus on sales.

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.

Why Salespeople Fail offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.

Never Give Up

As an entrepreneur in Amarillo, you won't be working for the boss anymore. You are the boss.

If you choose the right business and love what you do, you will greatly increase your odds of success.

We are here to help Amarillo businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Amarillo, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Amarillo, Texas

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

 

 

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