January 24, 2021  
 
  Entrepreneurial Resources - Advice for Mississippi Entrepreneurs  
  Calhoun City, Mississippi Resources for Entrepreneurs  
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Starting a Business in Calhoun City, Mississippi

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

Calhoun City, Mississippi Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 237
5-9 Employees 78
10-19 Employees 27
20-49 Employees 9
50-99 Employees 3
100-249 Employees 12
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Calhoun City Businesses 366

As a new Calhoun City entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Calhoun City 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
Automotive Glass Replacement Shops 1
Automotive Parts and Accessories Stores 2
Business Associations 1
Community Food Services 1
Convenience Stores 2
Cotton Ginning 1
Curtain and Drapery Mills 1
Electric Power Distribution 1
Elementary and Secondary Schools 2
Engineering Services 1
Family Clothing Stores 1
Florists 1
Full-Service Restaurants 3
Funeral Homes and Funeral Services 1
Furniture Merchant Wholesalers 1
Furniture Stores 1
General Freight Trucking, Local 2
General Medical and Surgical Hospitals 1
Hardware Manufacturing 1
Household Appliance Stores 1
Insurance Agencies and Brokerages 3
Jewelry Stores 1
Limited-Service Restaurants 1
Logging 5
Offices of Certified Public Accountants 2
Offices of Chiropractors 1
Offices of Dentists 2
Offices of Lawyers 3
Offices of Optometrists 1
Paging 1
Pharmacies and Drug Stores 3
Ready-Mix Concrete Manufacturing 1
Sales Financing 2
Shoe Stores 1
Telecommunications Resellers 1
Used Car Dealers 5
Video Tape and Disc Rental 1
Water Supply and Irrigation Systems 3
Wired Telecommunications Carriers 1
Women's Clothing Stores 1

What About Franchising Opportunities?

Visit the business district of Calhoun City and you'll notice that many local entrepreneurs have gone the franchising route. But is franchising the right option for you?

Our advice is to consider franchising as an option. We have many articles on franchises, such as Growth Trends in Franchising. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.

To learn about specific franchise opportunities, check out our Franchise Directory.

Sample franchise opportunities include Juiceblendz Int'l. Inc. and Carlson Wagonlit Travel Associates, Inc.. Alternatively, you can browse franchise categories, such as Asian Restaurant Franchises and Environmental Testing Franchises.

Note on Calhoun City Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Calhoun City.

Have You Considered Buying an Existing Calhoun City Business?

We've created a useful website page for those who want to Buy a Business in Mississippi. Follow that link and you may find several good businesses for sale in Calhoun City.

If you are going to be buying a business, you may want to read this article: How to Buy a Business.

Company Formation in Calhoun City, Mississippi

It's essential that your business is formed as a legal entity that is separate from its owners. Doing so will shield 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 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. Just because you are starting a business in Mississippi, you don't necessarily have to incorporate in Mississippi. In fact, you can 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's a lot to know about forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Incorporating Online. You may also want to seek the advice of an lawyer. On a final note, since you will be starting a business in Calhoun City, Mississippi, our web page covering Incorporating in Mississippi may be a useful resource if you decide to incorporate in Mississippi.

Raising Funding for Your Venture

Raising money to fund your new Calhoun City business is not an easy task. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.

To learn about raising money, we recommend you read the fundraising articles on our site, such as Choosing VC Firms.

For Calhoun City entrepreneurs in need of startup financing, we have assembled a List of Mississippi Angel Investors and our List of Mississippi Venture Capital Firms.

Promoting Your New Company

To rise above the crowd in Calhoun City and build your business, having an excellent marketing plan is fundamental to your business achieving its goals.

There are myriad resources on this site to help you with your marketing plan. Yellow Pages Advertising Advice 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.

The Art of Selling

Being able to sell is critical to your business success. Whether you are focused on selling local customers in Calhoun City or are selling to customers throughout Mississippi, the United States or even the world, you have to be able to sell.

Good selling involves demonstrating that your wares meet your customer's needs. The good news is we can help you to make selling a big competitve advantage for your new firm.

Writing Great Proposals 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.

Never Give Up

You have a dream -- starting a business in Calhoun City. 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 Calhoun City businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Calhoun City 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 Calhoun City, Mississippi

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

 

 

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