Texas Business Startup Guides

Open a Business in Hico, Texas

Need help starting a business in Hico, Texas? We've got the information you need to open a business in Hico.

What Business to Start

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

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 Starting an Advertising Business guide or our Opening a Water Heaters Business guide.

Always keep in mind that you are starting a business in Hico. Some businesses will do better in Hico than others. Make sure you fully understand Hico demographics before you lock in on your business idea.

Hico, Texas Demographic Information

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

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

Business Size
# of
1-4 Employees
5-9 Employees
10-19 Employees
20-49 Employees
50-99 Employees
100-249 Employees
250-499 Employees
500-999 Employees
1000+ Employees
All Hico Businesses

As a new Hico entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Hico 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
Automotive Parts and Accessories Stores
Beauty Salons
Business Associations
Child Day Care Services
Civic and Social Organizations
Computer Systems Design Services
Electric Power Distribution
Full-Service Restaurants
Funeral Homes and Funeral Services
Furniture Merchant Wholesalers
General Automotive Repair
Gift, Novelty, and Souvenir Stores
Golf Courses and Country Clubs
Homes for the Elderly
Hunting and Trapping
Insurance Agencies and Brokerages
Janitorial Services
Leather and Hide Tanning and Finishing
Limited-Service Restaurants
Marking Device Manufacturing
Offices of Certified Public Accountants
Offices of Dentists
Pharmacies and Drug Stores
Precision Turned Product Manufacturing
Site Preparation Contractors
Special Needs Transportation
Testing Laboratories
Used Merchandise Stores
Veterinary Services
Video Tape and Disc Rental

Have You Considered Franchising?

As you drive around Hico, it's apparent that franchising has become a very popular way to start a business. Should you be giving franchising serious consideration?

Our recommendation is that you look into purchasing a franchise. This site has dozens of articles on franchising, such as Detecting Franchising Scams. 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 Seattle Sutton's Healthy Eating and Taco Bell Corporation. Alternatively, you can browse franchise categories, such as Wedding Franchises and Food and Drink Franchises.

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

Have You Considered Buying an Existing Hico Business?

If you have some capital to play with, you may want to Buy a Business in Texas. Follow that link and you may find several good businesses for sale in Hico.

If you are serious about buying a business, you may want to read this article: Buying a Business.

Forming a Company in Hico, Texas

A critical step is ensuring that your business is formed as a legal entity that is separate from its owners. Doing so will protect you from personal liability for business debts and obligations.

When forming a company, you will pick from many company types, such as 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, you don't necessarily have to incorporate in Texas. In fact, you can incorporate wherever you want. 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 ESOP Formation. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Hico, Texas, our web page covering Incorporating in Texas may be a useful resource if you decide to incorporate in Texas.

Don't Skip the Business Plan

A business plan is critical to the health of your new business. Simply put, your business plan is your game plan for how you hope to grow your business. Failure to write a business plan is a recipe for disaster.

Before you start writing a business plan, we suggest you skim Free Business Plan Templates. You should also take advantage of free counseling sessions provided by your local SCORE chapter in Texas.

The Art of Selling

Do you know how to sell? In order to attract customers to your new Hico business, you need to focus on sales.

Good selling involves demonstrating that your wares meet your customer's needs. The good news is we can help you to make selling a big competitve advantage for your new firm.

Sales Forecasting is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.

Never Give Up

As an entrepreneur in Hico, you won't be working for the boss anymore. You are the boss.

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

We are here to help Hico businesses to be successful. We have a wealth of experience in business start-ups, financing, marketing, sales and more...and we've made all of our knowledge available to you.

More Entrepreneurial Resources for Starting a Business in Hico, Texas

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

More Business Startup Guides for Texas

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Starting a Business in Highlands

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Additional Resources for Entrepreneurs

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Franchise Opportunities


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