Oklahoma Business Startup Guides
Starting a Business in Broken Arrow, Oklahoma
Thinking about starting a business in Broken Arrow, Oklahoma? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Broken Arrow.
Are You Sure You Want to Do This?
Most new businesses don't make it, in part because the entrepreneur did not have the entrepreneurial skills and traits needed to succeed. So, before you start your business, consider all of the implications of being an entrepreneur.
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Talk to other entrepreneurs in Broken Arrow. Ask them candidly what it's like to run a business.
- 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. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
Broken Arrow, Oklahoma Demographic Information
Broken Arrow has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Broken Arrow demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Broken Arrow.
As a new Broken Arrow entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Broken Arrow 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.
Have You Considered Franchising?
As you drive around Broken Arrow, you may be surprised to see how many franchises there are in the area. But is franchising the right option for you?
Our recommendation is that you consider franchising as an option. To help you learn more about franchising, we've gathered a ton of articles on franchising, including How to Franchise a Business. Get a thorough education on franchising by browsing all of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Sample franchise opportunities include Sun Franchise Group and Kensington Nanny & Home Services. Alternatively, you can browse franchise categories, such as Golf Franchises and Real Estate Franchises.
Note on Broken Arrow Franchise Opportunities: To find out if a franchise you are interested in is available in Broken Arrow, you will need to get in direct contact with the franchisor.
Have You Considered Buying an Existing Broken Arrow Business?
An excellent way to get started in business is to Buy a Business in Oklahoma. Follow that link and you can assess several good businesses for sale in Broken Arrow.
Before buying a business, be sure to read this article: Hold Harmless Agreements When Buying Businesses.
Raising Money for Your New Venture
Obtaining startup financing for your Broken Arrow business is very difficult due to the ongoing business credit crunch. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.
Take advantage of our many articles on raising money, such as Business Incubators.
The Art of Selling
Mastering the art of selling is essential if you want your new Broken Arrow business to do well.
Why should customers buy from you instead of buying from competitors? Fortunately, we've got plenty of good advice to help you improve your selling skills.
Most new Broken Arrow businesses underestimate the number of challenges they will face.
Owning your own business will be a daunting task, but you can do it.
Our goal here is to promote the vitality and growth of small businesses in Broken Arrow and throughout the United States . 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 Broken Arrow, Oklahoma
Here are more links that we believe will help you be successful in starting a business in Broken Arrow.
- Resources for Broken Arrow, Oklahoma Entrepreneurs - Browse a variety of resources we've collected to assist Broken Arrow entrepreneurs.
- Oklahoma Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Oklahoma.
- Oklahoma Small Business Development Center - Whether you are in business or thinking about it, the Oklahoma Small Business Development Center staff can assist you. Their goal is to help Oklahoma entrepreneurs like you be more successful.
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