Oklahoma Business Startup Guides
Starting a Business in Davis, Oklahoma
Thinking about starting a business in Davis, Oklahoma? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Davis.
Are You Ready for Entrepreneurship?
Before quitting your day job, take inventory of your entrepreneurial instincts and capabilities.
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 Davis. Listen closely to their experiences and see if you think you too can be successful.
- 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. Ask them directly: Do I have what it takes to be an entrepreneur? Listen carefully to their answer, as they presumably know your strengths and weaknesses.
What Type of Business Should You Start?
Choosing a business that is right for you is very important. To help you decide on a business type, we encourage you to read Business Ideas That Don't Make Sense.
If you still are not sure what type of business to start, peruse the Good Businesses to Start section of our site. For example, you might be interested in our How to Start a Vacuum Cleaner Sales & Service Business guide or our How to Start a Courier & Delivery Services Residential Business guide.
Remember that you are starting a business in Davis. Some businesses will do better in Davis than others. Make sure you fully understand Davis demographics before you lock in on your business idea.
Davis, Oklahoma Demographic Information
Davis has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Davis demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Davis.
As a new Davis entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Davis 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 Davis, you'll conclude that many business owners have opted to buy a franchise, rather than starting a business on their own. Should you be giving franchising serious consideration?
We advise the entrepreneurs we work with to consider franchising as an option. We have many articles on franchises, such as Buying an Existing Franchise. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.
A comprehensive list of franchisors is available via our List of Franchise Opportunities.
Sample franchise opportunities include Time+Plus Payroll Services and Barnie's Coffee & Tea Co.. Alternatively, you can browse franchise categories, such as Tax Preparation Franchises and Donut Shop Franchises.
Note on Davis Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Davis.
Picking a Business Name
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.
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.
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 Davis, it's very important that you make sure no other Oklahoma company is using the business name you want to use.
Forming a Company in Davis, Oklahoma
It's very important that you are forming a legal entity that operates independently from you. 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 Incorporation Advice. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Davis, Oklahoma, our information on Incorporating in Oklahoma may be a useful resource if you decide to incorporate in Oklahoma.
The Art of Selling
Being able to sell is critical to your business success. Whether you are focused on selling local customers in Davis or are selling to customers throughout Oklahoma, the United States or even the world, you have to be able to sell.
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.
Never Give Up
You have a dream -- starting a business in Davis. To achieve your dream, you have to persevere, even when the odds are against you.
If you choose the right business and love what you do, you will greatly increase your odds of success.
This site is all about helping entrepreneurs in Davis and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Davis, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Davis, Oklahoma
Here are more links that we believe will help you be successful in starting a business in Davis.
- Resources for Davis, Oklahoma Entrepreneurs - Browse a variety of resources we've collected to assist Davis 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.
Starting-a-Business Guides for Other Cities in Oklahoma
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