Texas Business Startup Guides
Starting a Business in Brady, Texas
Thinking about starting a business in Brady, Texas? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Brady.
Will You Be a Good Entrepreneur?
Most new businesses fail, in part because the founder did not have the perseverance and abilities that are necessary to succeed. So, before jumping into the world of entrepreneurship, consider all of the implications of being an entrepreneur.
Before you move forward with starting a business, be sure to do these three things:
- Talk to other entrepreneurs in Brady. They are usually very willing to share their insights on the ups and downs of being an entrepreneur.
- We recommend reading Why Small Businesses Fail. For aspiring new entrepreneurs, it's a must read article.
- Get feedback from somebody whom you trust. Others sometimes know you better than you know yourself.
What Type of Business Should You Start?
Choosing a business that is right for you is very important. You might get some good ideas about what kind of business to start by reading 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 a Laboratory Animals Business guide or our How to Start a Religious Readings Business guide.
Remember that your new business will be in Brady. Some businesses will do better in Brady than others. Only by spending some time analyzing Brady demographics can you decide if there will be strong demand for your business idea.
Brady, Texas Demographic Information
Brady has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Brady demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Brady.
Businesses
As a new Brady entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Brady 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.
Businesses
Naming the Company
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.
We strongly advocate that you make sure the ".com" domain name is available for your company name. Every business needs a strong Web presence these days, and having a non ".com" domain means somebody else may outrank you in the search results for your own company name.
To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Company.
As a final piece of advice, remember that because you are opening a business in Brady, it's imperative that you check now that no other Texas company is using the business name you want to use.
Don't Forget to Create a Business Plan
Having a business plan is critical in laying a solid foundation for your business success. Simply put, 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 you want more information on writing business plans, we recommend reading Business Plan Contests. A great resource for business planning assistance is the free counseling sessions provided by your local SCORE chapter in Texas.
Raising Capital for Your Venture
Getting your Brady business the capital it needs to succeed is a difficult chore. If you don't have a rich uncle to fund you, you'll need to be creative in how you approach your fundraising efforts.
Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled Getting a Small Business Loan.
For Brady entrepreneurs who need startup capital, check out our List of Texas Angel Investors and our List of Texas Venture Capital Firms.
The Art of Selling
Mastering the art of selling is priority one if you want your new Brady business to do well.
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.
Sales Prospecting 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 Brady businesses underestimate the number of challenges they will face.
From this point on, you control your own destiny.
This site is all about helping entrepreneurs in Brady and elsewhere to achieve real success. 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 Brady, Texas
Here are more links that we believe will help you be successful in starting a business in Brady.
- Resources for Brady, Texas Entrepreneurs - Browse a variety of resources we've collected to assist Brady 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.
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