Texas Business Startup Guides
Start a Business in Coppell, Texas
Are you starting a business in Coppell, Texas? This article discusses the most important things to consider when opening a business in Coppell.
Coppell, Texas Demographic Information
Coppell has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Coppell demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Coppell.
As a new Coppell entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Coppell 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 a Franchise Opportunity Right For You?
As you drive around Coppell, you'll see that franchises make up a large percentage of local businesses. But is franchising the right option for you?
Our recommendation is that you investigate buying a franchise. On our site, you can read many articles about franchising, such as Franchising Pros and Cons. Become a franchising expert of sorts by reading more of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Sample franchise opportunities include WingStop Restaurants Inc. and Bennigan's Grill & Tavern. Alternatively, you can browse franchise categories, such as Accounting Franchises and Textile Repair Franchises.
Note on Coppell Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Coppell.
Choosing 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 Company.
As a final piece of advice, remember that because you are opening a business in Coppell, it's critical that you ensure that you will be the only Texas company using the business name you have chosen.
Company Formation in Coppell, Texas
It's very important that you form your business as a legal structure. Without a legal structure for the business, you can be held personally liable for the actions, debts and obligations of your company.
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. 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 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'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 Why Incorporate in Delaware. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Coppell, Texas, our information on Incorporating in Texas may be a useful resource if you decide to incorporate in Texas.
Where to Get Money to Start a Company
Finding the funds to fuel the growth of your Coppell business requires strong organization skills and perseverance. In fact, financing your new business may be the hardest challenge you ever face.
To learn about raising money, we recommend you read the fundraising articles on our site, such as Business Cash Advances.
Promoting Your New Company
To rise above the crowd in Coppell and build your business, you'll need to have a good marketing plan.
You can learn all about marketing on our site. Marketing Versus Sales is an article that will stimulate a few thoughts on your marketing plan. That's just a sampling of the many useful articles we have on Marketing a Small Business.
Advancing Your Entrepreneurial Skills
Successful entrepreneurs know that they need to continually improve.
As an entrepreneur who lives in Coppell, Texas, you will want to take advantage of the many programs available at nearby Texas universities, colleges and community colleges. We also suggest you look into Coppell networking organizations.
As an entrepreneur in Coppell, 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 Coppell businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Coppell 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 Coppell, Texas
Here are more links that we believe will help you be successful in starting a business in Coppell.
- Resources for Coppell, Texas Entrepreneurs - Browse a variety of resources we've collected to assist Coppell 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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