August 12, 2020  
 
  Entrepreneurial Resources - Advice for Missouri Entrepreneurs  
  Fredericktown, Missouri Resources for Entrepreneurs  
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Starting a Business in Fredericktown, Missouri

Thinking about starting a business in Fredericktown, Missouri? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Fredericktown.

Are You Sure You Want to Do This?

Before announcing to the world that you are going to start your own business, consider your entrepreneurial instincts and capabilities.

While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:

  • Talk to other entrepreneurs in Fredericktown. Ask them candidly what it's like to run a business.
  • We recommend reading Why Small Businesses Fail. For aspiring new entrepreneurs, it's a must read article.
  • Get feedback from somebody whom you trust. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.

Choosing the Right Company to Start

There are many businesses that you can start. How do you know which type of business is right for you? To stir your creative juices on what kind of business to start, take a look at Good Business Ideas.

For in-depth how-to guides on how to start specific businesses, browse our Good Businesses to Start section of our site. For example, you might be interested in our Opening an Addiction, Psychiatry, and Physicians Service guide or our How to Start a Fuel Oils Business guide.

Don't forget that you are starting a business in Fredericktown. Some businesses will do better in Fredericktown than others. Make sure you fully understand Fredericktown demographics before you lock in on your business idea.

Fredericktown, Missouri Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 974
5-9 Employees 210
10-19 Employees 126
20-49 Employees 126
50-99 Employees 24
100-249 Employees 36
250-499 Employees 6
500-999 Employees 0
1000+ Employees 0
All Fredericktown Businesses 1502

As a new Fredericktown entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Fredericktown 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
Appliance Repair and Maintenance 1
Automotive Parts and Accessories Stores 3
Beauty Salons 1
Beer, Wine, and Liquor Stores 1
Business Associations 1
Carpet and Upholstery Cleaning Services 1
Child Day Care Services 4
Civic and Social Organizations 2
Coin-Operated Laundries and Drycleaners 1
Consumer Lending 1
Discount Department Stores 1
Drywall and Insulation Contractors 1
Electric Power Distribution 2
Electrical Contractors 2
Farm Supplies Merchant Wholesalers 2
Fitness and Recreational Sports Centers 1
Florists 3
Framing Contractors 1
Full-Service Restaurants 9
Funeral Homes and Funeral Services 2
Furniture Stores 2
General Automotive Repair 2
General Freight Trucking, Local 2
General Medical and Surgical Hospitals 1
General Warehousing and Storage 1
Gift, Novelty, and Souvenir Stores 1
Hardware Stores 1
Hat, Cap, and Millinery Manufacturing 1
Home Centers 1
Home Health Care Services 1
Homes for the Elderly 1
Human Rights Organizations 1
Insurance Agencies and Brokerages 7
Jewelry Stores 1
Limited-Service Restaurants 6
Livestock Merchant Wholesalers 1
Logging 1
Luggage Manufacturing 1
Masonry Contractors 2
Meat Markets 1
Motor Vehicle Towing 1
New Car Dealers 2
Newspaper Publishers 1
Nursing Care Facilities 1
Office Administrative Services 1
Offices of Certified Public Accountants 1
Offices of Chiropractors 1
Offices of Dentists 2
Offices of Lawyers 3
Offices of Optometrists 1
Optical Goods Stores 1
Painting and Wall Covering Contractors 1
Pharmacies and Drug Stores 1
Political Organizations 1
Radio Stations 1
Ready-Mix Concrete Manufacturing 1
Residential Remodelers 2
Roofing Contractors 1
Savings Institutions 1
Sawmills 3
School and Employee Bus Transportation 2
Securities Brokerage 1
Siding Contractors 1
Site Preparation Contractors 4
Snack and Nonalcoholic Beverage Bars 2
Solid Waste Collection 1
Special Needs Transportation 1
Support Activities for Metal Mining 1
Tire Dealers 1
Title Abstract and Settlement Offices 1
Tobacco Stores 1
Truss Manufacturing 1
Used Car Dealers 2
Veterinary Services 1
Wired Telecommunications Carriers 1
Wood Container and Pallet Manufacturing 1

What About Franchising Opportunities?

Examine a list of Fredericktown businesses and you'll notice that many local entrepreneurs have gone the franchising route. But is franchising the right option for you?

We highly recommend you investigate buying a franchise. We have many articles on franchises, such as The Disadvantages of Franchise Ownership. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.

To learn about specific franchise opportunities, check out our Franchise Directory.

Sample franchise opportunities include Computer Medics of America and Jump 'n Play Gym. Alternatively, you can browse franchise categories, such as Auto Rental Franchises and Modeling Franchises.

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

Have You Considered Buying an Existing Fredericktown Business?

An excellent way to get started in business is to Buy a Business in Missouri. Follow that link and you can review several good businesses for sale in Fredericktown.

Before buying a business, be sure to read this article: Buying a Business.

Make Sure You Have a Business Plan

Creating a business plan is critical in laying a solid foundation for your business success. Indeed, a business plan is a written description of the future you envision for your business. Starting a business without a business plan

If you want more information on writing business plans, we recommend reading Business Plan Contests. You can also get face-to-face free consulting available from your local SCORE chapter in Missouri.

Next Steps

You have a dream -- starting a business in Fredericktown. To achieve your dream, you have to persevere, even when the odds are against you.

Owning your own business will be a daunting task, but you can do it.

We are here to help Fredericktown businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Fredericktown, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Fredericktown, Missouri

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

 

 

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