Missouri Business Startup Guides
Start a Business in Drexel, Missouri
Are you starting a business in Drexel, Missouri? This article discusses the most important things to consider when opening a business in Drexel.
What Business Are You Starting?
An important decision is what kind of business you want to start. You might get some good ideas about what kind of business to start by reading Business Ideas That Don't Make Sense.
For step-by-step instructions on starting a variety of business types, visit the Good Businesses to Start section of our site. For example, you might be interested in our How to Start a Building Construction & Design Consultants Business guide or our Starting a Personal Computer Printers Business guide.
Remember that Drexel is the place where you are starting a business. Some businesses will do better in Drexel than others. Don't forget to review Drexel demographics to see if there's a market for what you want to sell.
Drexel, Missouri Demographic Information
Drexel has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Drexel demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Drexel.
Businesses
As a new Drexel entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Drexel 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.
Businesses
Should You Franchise?
As you drive around Drexel, it's apparent that franchising has become a very popular way to start a business. Is there a franchise opportunity out there that makes sense for you?
Our advice is to consider franchising as an option. We have many articles on franchises, such as Buying an Existing Franchise. 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 Once Upon A Child and Accor Hotels. Alternatively, you can browse franchise categories, such as Home Furnishings Franchises and Automotive Services Franchises.
Note on Drexel Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Drexel.
Do You Need a Business Plan?
A business plan is essential in laying a solid foundation for your business success. Simply put, your business plan is your game plan for how you hope to grow your business. Starting a business without a business plan is a recipe for disaster.
To learn more about business plans, read Business Plan Contests. You should also take advantage of free counseling sessions provided by your local SCORE chapter in Missouri.
Getting Money to Start a Business
Getting your Drexel business the capital it needs to succeed is very difficult due to the ongoing business credit crunch. To obtain business financing, you will need to hear a lot of rejections before you finally find a funding solution that works for you.
To learn about raising money, we recommend you read the fundraising articles on our site, such as 504 Loans.
For Drexel entrepreneurs who want to raise money for a new venture, you'll want to take a look at our List of Missouri Angel Investors and our List of Missouri Venture Capital Firms.
How to Sell
Do you know how to sell? In order to attract customers to your new Drexel business, you need to focus on sales.
The key to selling is to set sales goals goals and monitor your progress towards those goals. The good news is we can help you to make selling a big competitve advantage for your new firm.
Cold Call Selling 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.
Advancing Your Entrepreneurial Skills
Good entrepreneurs recognize that they don't know everything.
Given that you are starting a business in Drexel, Missouri, you will want to take advantage of the learning programs at local Missouri educational institutions. It's also beneficial to see if there are any networking organizations for Drexel entrepreneurs.
Now It's Up To You
As an entrepreneur in Drexel, you won't be working for the boss anymore. You are the boss.
From this point on, you control your own destiny.
We are here to help Drexel businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Drexel 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 Drexel, Missouri
Here are more links that we believe will help you be successful in starting a business in Drexel.
- Resources for Drexel, Missouri Entrepreneurs - Browse a variety of resources we've collected to assist Drexel entrepreneurs.
- Missouri Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Missouri.
- Missouri Small Business Development Center - Missouri Small Business Development Center business specialists are uniquely qualified to help small businesses get started, develop and thrive.
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