August 6, 2020  
 
  Entrepreneurial Resources - Advice for Oklahoma Entrepreneurs  
  Fairfax, Oklahoma Resources for Entrepreneurs  
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Opening a Business in Fairfax, Oklahoma

Contemplating starting a business in Fairfax, Oklahoma? We walk you through the process of opening a business in Fairfax.

Choosing the Right Company to Start

An important decision is what kind of business you want to start. We recommend that you read Free Business Ideas.

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 Starting a Japanese Restaurant guide or our How to Start a Mortgage Insurance Business guide.

Remember that your new startup will be located in Fairfax. The business you want to start may already be well-represented in Fairfax. A critical consideration is whether Fairfax demographics mesh well with your startup concept.

Fairfax, Oklahoma Demographic Information

Fairfax has an active business community that includes small businesses, mid-sized businesses and large businesses.

To give you a better feel for Fairfax demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Fairfax.

Business Size# of
Businesses
1-4 Employees 432
5-9 Employees 189
10-19 Employees 108
20-49 Employees 54
50-99 Employees 27
100-249 Employees 0
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Fairfax Businesses 810

As a new Fairfax entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Fairfax 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.

Business Type # of
Businesses
Automotive Parts and Accessories Stores 2
Beer, Wine, and Liquor Stores 1
Electric Power Distribution 1
Full-Service Restaurants 3
Funeral Homes and Funeral Services 1
General Automotive Repair 1
General Medical and Surgical Hospitals 1
Industrial Valve Manufacturing 1
Insurance Agencies and Brokerages 1
Limited-Service Restaurants 2
Nursing Care Facilities 2
Offices of Dentists 1
Pharmacies and Drug Stores 1

What About Franchising Opportunities?

As you drive around Fairfax, you may be surprised to see how many franchises there are in the area. But is franchising the right option for you?

We advise the entrepreneurs we work with to consider franchising as an option. To help you learn more about franchising, we've gathered a ton of articles on franchising, including Franchise Law. 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 Primrose School Franchising Company and College Nannies & Tutors. Alternatively, you can browse franchise categories, such as Soccer Franchises and Bakery Franchises.

Note on Fairfax Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Fairfax.

Choosing a Business 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.

Before you decide on a company name, run it by some prospective customers and see what they think. If they don't like it, it's probably a good idea to go back to the drawing board.

To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Company.

As a final piece of advice, remember that because you are starting a business in Fairfax, it's imperative that you check now that no other Oklahoma company is using the business name you want to use.

Raising Money for Your Venture

Getting your Fairfax business the capital it needs to succeed is not an easy task. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.

Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled Business Line of Credit.

For Fairfax entrepreneurs on the hunt for startup funding, browse our List of Oklahoma Angel Investors and our List of Oklahoma Venture Capital Firms.

How to Sell

Mastering the art of selling is priority one if you want your new Fairfax business to do well.

Clever sales techniques can transform any business from good to great. Fortunately, we've got plenty of good advice to help you improve your selling skills.

Writing Great Proposals is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.

Improving Your Entrepreneurial Skillset

Good business owners know that they need to continually improve.

Given that you are starting a business in Fairfax, 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 networking groups or organizations in which Fairfax entrepreneurs get together to network and trade their business experiences.

What's Next?

Most new Fairfax businesses underestimate the number of challenges they will face.

From this point on, you control your own destiny.

We are here to help Fairfax businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Fairfax 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 Fairfax, Oklahoma

Here are more links that we believe will help you be successful in starting a business in Fairfax.

 

 

Additional Resources for Entrepreneurs

Buying a Business

Writing a Business Plan

Raising Money

Incorporate

Small Business Marketing

Advertising Advice

Public Relations -

Customer Service Tips

Entrepreneurial Selling

Workplace Safety