Texas Business Startup Guides
Start a Business in Eagle Pass, Texas
Are you starting a business in Eagle Pass, Texas? This article discusses the most important things to consider when opening a business in Eagle Pass.
Do You Have What It Takes?
Most new ventures fail, in part because the business owner did not have the entrepreneurial skills and traits needed to succeed. So, before you start your business, consider all of the implications of being an entrepreneur.
Here are three things we recommend you do before you fully commit to starting a new business of your own.
- Speak with other entrepreneurs in Eagle Pass. Get their candid feedback on what it takes to start a successful business.
- 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. A support network of family and friends can be a great sounding board for good advice before you decide for sure to go into business.
Eagle Pass, Texas Demographic Information
Eagle Pass has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Eagle Pass demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Eagle Pass.
As a new Eagle Pass entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Eagle Pass 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.
What About Franchising Opportunities?
As you drive around Eagle Pass, you may be surprised to see how many franchises there are in the area. Should you be giving franchising serious consideration?
We advise the entrepreneurs we work with to consider franchising as an option. This site has dozens of articles on franchising, such as Common Franchisee Mistakes. Get a thorough education on franchising by browsing all of our Articles on Franchising.
A comprehensive list of franchisors is available via our List of Franchise Opportunities.
Sample franchise opportunities include Steak n Shake and Beat The Bookstore. Alternatively, you can browse franchise categories, such as Closet Design and Construction Franchises and Payroll Service Franchises.
Note on Eagle Pass Franchise Opportunities: To find out if a franchise you are interested in is available in Eagle Pass, you will need to get in direct contact with the franchisor.
Naming the Company
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?
To get up to speed on what makes for a good company name, we encourage you to read this useful article: Branding Advice.
As a final piece of advice, remember that because you are planning on starting a business in Eagle Pass, it's imperative that you check now that no other Texas company is using the business name you want to use.
Forming a Company in Eagle Pass, Texas
It's very important 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.
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. 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. If you are starting a business in Texas, it doesn't mean you are required to incorporate in Texas. 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 basics of company formation, browse articles on our site, such as Dissolving a Corporation. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Eagle Pass, Texas, our information on Incorporating in Texas may be a useful resource if you decide to incorporate in Texas.
Getting the Word Out About Your New Venture
Whether your goal is to attract Eagle Pass customers or you plan on selling elsewhere, having an excellent marketing plan is fundamental to your succeeding.
You can learn all about marketing on our site. Introduction to Advertising discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just a taste of the many useful articles we have on Marketing a Small Business.
Bring in Revenues
Mastering the art of selling is priority one if you want your new Eagle Pass business to do well.
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.
Now It's Up To You
Most new Eagle Pass businesses underestimate the number of challenges they will face.
Owning your own business will be a daunting task, but you can do it.
We are here to help Eagle Pass businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Eagle Pass, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Eagle Pass, Texas
Here are more links that we believe will help you be successful in starting a business in Eagle Pass.
- Resources for Eagle Pass, Texas Entrepreneurs - Browse a variety of resources we've collected to assist Eagle Pass 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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