Oklahoma Business Startup Guides
Opening a Business in Collinsville, Oklahoma
Contemplating starting a business in Collinsville, Oklahoma? We walk you through the process of opening a business in Collinsville.
Will You Be a Good Entrepreneur?
Most startup ventures fail, in part because the business owner did not have the entrepreneurial skills and traits needed to succeed. So, before you open a business, consider all of the implications of being an entrepreneur.
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:
- Speak with other entrepreneurs in Collinsville. They are usually very willing to share their insights on the ups and downs of being an entrepreneur.
- You should read The Entrepreneurial Personality. It's a good read for those who are thinking about becoming an entrepreneur.
- Reach out to a trusted acquaintance. Others sometimes know you better than you know yourself.
Collinsville, Oklahoma Demographic Information
Collinsville has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Collinsville demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Collinsville.
As a new Collinsville entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Collinsville 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.
Is Buying an Existing Collinsville Business a Good Strategy?
If you have some capital to play with, you may want to Buy a Business in Oklahoma. Follow that link and you can review several good businesses for sale in Collinsville.
Before buying a business, be sure to read this article: Buying a Business.
Naming the Business
A big decision when starting a company is choosing a company name. Believe it or not, choosing a good company name can be a big contributor to your business success.
Companies like Starbucks, Apple, Target, Microsoft and Intuit all have strong company names that are easy to remember and have become well-loved brands. Wouldn't it be nice if your new company name got on a similar track?
Numerous company naming issues are discussed in more detail in this article: Naming a Business.
There's one other important factor when naming a business. Since you are planning on starting a business in Collinsville, it's imperative that you check now that no other Oklahoma company is using the business name you want to use.
Forming a Company in Collinsville, Oklahoma
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.
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 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 are many nuances to forming a company. To learn the fundamentals of company formation, browse articles on our site, such as Nevada Incorporation. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Collinsville, Oklahoma, our information on Incorporating in Oklahoma may be a useful resource if you decide to incorporate in Oklahoma.
The Art of Selling
Mastering the art of selling is priority one if you want your new Collinsville 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.
How to Improve Your Entrepreneurial Abilities
Good business owners recognize that they need to continually improve.
As an entrepreneur who lives in Collinsville, Oklahoma, you will want to take advantage of the many programs available at nearby Oklahoma universities, colleges and community colleges. It's also worthwhile to see if there are any Collinsville networking organizations.
Most new Collinsville businesses underestimate the number of challenges they will face.
From this point on, you control your own destiny.
Our goal here is to promote the vitality and growth of small businesses in Collinsville and throughout the United States . We believe entrepreneurship is an amazing engine for job creation in Collinsville, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Collinsville, Oklahoma
Here are more links that we believe will help you be successful in starting a business in Collinsville.
- Resources for Collinsville, Oklahoma Entrepreneurs - Browse a variety of resources we've collected to assist Collinsville 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.
More Startup Articles for Oklahoma Cities
Share this article
Additional Resources for Entrepreneurs