Texas Business Startup Guides
Starting a Business in Hurst, Texas
Thinking about starting a business in Hurst, Texas? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Hurst.
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? If you are struggling with what type of business to start, read Free Business Ideas.
To view an extensive list of business types, complete with startup instructions, spend some time in the Good Businesses to Start section of our site. For example, you might be interested in our Opening a Building Permits Business guide or our How to Start a Stains Business guide.
Don't forget that your new startup will be located in Hurst. Some businesses will do better in Hurst than others. Don't forget to review Hurst demographics to see if there's a market for what you want to sell.
Hurst, Texas Demographic Information
Hurst has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Hurst demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Hurst.
As a new Hurst entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Hurst 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.
Is Buying an Existing Hurst Business a Good Strategy?
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 Hurst.
For anybody who wants to buy a business, we recommend reading this useful article: Buying a Business.
Naming the Company
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.
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?
Numerous company naming issues are discussed in more detail in this article: Naming a Business.
As a final piece of advice, remember that because you are starting a business in Hurst, 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 Hurst, Texas
A critical step is ensuring that you form your business as a legal structure. Without a legal structure for the business, you can be held personally liable for the actions, debts and obligations of your company.
The entity you form can be a corporation, LLC, sole proprietorship, partnership or other structure.
Incorporating is a very popular way to form a business. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in Texas, you don't necessarily have to incorporate in Texas. In fact, you can incorporate in the state of your choosing. For example, it's very popular to incorporate in Delaware, and incorporating in Nevada has become very trendy as well. Don't forget, though, that you will have to register as a foreign entity in all states that you do business in.
There are many nuances to forming a company. To learn the basics of company formation, browse articles on our site, such as ESOP Formation. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Hurst, Texas, our information on Incorporating in Texas may be a useful resource if you decide to incorporate in Texas.
Don't Forget to Create a Business Plan
A business plan is vital in maximizing the prospects of your new company. Indeed, your business plan is your game plan for how you hope to grow your business. Not having a business plan is a recipe for disaster.
Before you start writing a business plan, we suggest you skim Business Plan Contests. A great resource for business planning assistance is the face-to-face free consulting available from your local SCORE chapter in Texas.
Raising Capital for Your Venture
Getting your Hurst business the capital it needs to succeed is not an easy task. In fact, financing your new business may be the hardest challenge you ever face.
The good news is this site contains dozens of articles on raising money, including one we recommend entitled Business Incubators.
Most new Hurst businesses underestimate the number of challenges they will face.
Owning your own business will be a daunting task, but you can do it.
Our goal here is to promote the vitality and growth of small businesses in Hurst and throughout the United States . We believe entrepreneurship is an amazing engine for job creation in Hurst, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Hurst, Texas
Here are more links that we believe will help you be successful in starting a business in Hurst.
- Resources for Hurst, Texas Entrepreneurs - Browse a variety of resources we've collected to assist Hurst 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.
Starting-a-Business Guides for Other Cities in Texas
Share this article
Additional Resources for Entrepreneurs