Missouri Business Startup Guides

Start a Business in Lamar, Missouri

Are you starting a business in Lamar, Missouri? This article discusses the most important things to consider when opening a business in Lamar.

Lamar, Missouri Demographic Information

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

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

Business Size
# of
Businesses
1-4 Employees
2262
5-9 Employees
876
10-19 Employees
486
20-49 Employees
360
50-99 Employees
54
100-249 Employees
72
250-499 Employees
36
500-999 Employees
0
1000+ Employees
18
All Lamar Businesses
4164

As a new Lamar entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Lamar 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
Beauty Salons
1
Beer, Wine, and Liquor Stores
2
Bowling Centers
1
Business Associations
1
Cafeterias
1
Car Washes
1
Child Day Care Services
4
Children's and Infants' Clothing Stores
1
Civic and Social Organizations
2
Commercial Photography
1
Consumer Lending
2
Discount Department Stores
1
Drafting Services
1
Educational Support Services
1
Electric Power Distribution
1
Electrical Contractors
2
Elementary and Secondary Schools
1
Engineering Services
2
Family Clothing Stores
1
Farm Supplies Merchant Wholesalers
3
Fitness and Recreational Sports Centers
1
Florists
2
Food Service Contractors
1
Freight Transportation Arrangement
1
Full-Service Restaurants
6
Funeral Homes and Funeral Services
2
Furniture Stores
1
General Freight Trucking, Local
2
General Medical and Surgical Hospitals
1
General Rental Centers
1
Gift, Novelty, and Souvenir Stores
1
Golf Courses and Country Clubs
1
Home Health Care Services
2
Homes for the Elderly
1
Interior Design Services
1
Limited-Service Restaurants
8
Mail-Order Houses
1
Masonry Contractors
1
Mortgage and Nonmortgage Loan Brokers
1
Musical Instrument and Supplies Stores
1
New Car Dealers
1
Newspaper Publishers
1
Nursing Care Facilities
1
Office Administrative Services
2
Offices of Certified Public Accountants
1
Offices of Chiropractors
1
Offices of Dentists
2
Offices of Lawyers
2
Offices of Real Estate Appraisers
1
Periodical Publishers
1
Pet Care (except Veterinary) Services
1
Pharmacies and Drug Stores
1
Photography Studios, Portrait
1
Ready-Mix Concrete Manufacturing
1
Retail Bakeries
1
Septic Tank and Related Services
1
Siding Contractors
1
Site Preparation Contractors
2
Snack and Nonalcoholic Beverage Bars
3
Solid Waste Landfill
1
Sporting Goods Stores
3
Temporary Help Services
2
Title Abstract and Settlement Offices
1
Truck Trailer Manufacturing
1
Used Car Dealers
1
Used Household and Office Goods Moving
1
Veterinary Services
2
Video Tape and Disc Rental
1
Vocational Rehabilitation Services
2
Wood Container and Pallet Manufacturing
2

Is Franchising a Better Option?

As you drive around Lamar, it's apparent that franchising has become a very popular way to start a business. Is there a franchise opportunity out there that makes sense for you?

We highly recommend you consider franchising as an option. We have many articles on franchises, such as Franchisees Versus Licensees. Become a franchising expert of sorts by reading more of our Articles on Franchising.

You can find franchise opportunities by browsing our Franchise Opportunities Directory.

Sample franchise opportunities include National Sports Grill and Eliza J. Alternatively, you can browse franchise categories, such as Tanning Franchises and Healthcare Services Franchises.

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

Should You Buy an Existing Lamar Business?

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

For anybody who wants to buy a business, we recommend reading this useful article: Buying a Business.

Forming a Company in Lamar, Missouri

A critical step is ensuring that you choose the right legal structure for your new entity. Doing so will insulate 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.

Incorporation 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 Missouri, you don't necessarily have to incorporate in Missouri. As it turns out, 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 basics of company formation, browse articles on our site, such as Subchapter S Corporations. You may also want to seek the advice of an lawyer. On a final note, since you will be starting a business in Lamar, Missouri, our web page covering Incorporating in Missouri may be a useful resource if you decide to incorporate in Missouri.

Startup Financing Basics

Raising money to fund your new Lamar business is not an easy task. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.

The good news is this site contains dozens of articles on raising money, including one we recommend entitled Business Credit Evaluation.

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

Selling Tips

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

The key to selling is to set sales goals goals and monitor your progress towards those goals. Fortunately, we've got plenty of good advice to help you improve your selling skills.

Closing Sales offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.

Next Steps

As an entrepreneur in Lamar, 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.

Our goal here is to promote the vitality and growth of small businesses in Lamar and throughout the United States . We believe entrepreneurship is an amazing engine for job creation in Lamar, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Lamar, Missouri

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

Starting-a-Business Guides for Other Cities in Missouri

Starting a Business in La Plata
Starting a Business in Lathrop

Browse All Business Startup Guides for Missouri
Starting a Business Guides for Other States

 

 

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Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

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