Texas Business Startup Guides
Open a Business in Lamesa, Texas
Need help starting a business in Lamesa, Texas? We've got the information you need to open a business in Lamesa.
Are You Ready for Entrepreneurship?
Before announcing to the world that you are going to start your own business, take inventory of 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 Lamesa. Listen closely to their experiences and see if you think you too can be successful.
- We recommend reading Should You Become an Entrepreneur?. For aspiring new entrepreneurs, it's a must read article.
- Have a candid conversation with friends and family. Ask them directly: Do I have what it takes to be an entrepreneur? Listen carefully to their answer, as they presumably know your strengths and weaknesses.
Lamesa, Texas Demographic Information
Lamesa has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Lamesa demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Lamesa.
As a new Lamesa entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Lamesa 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.
Should You Franchise?
As you drive around Lamesa, you'll notice that many local entrepreneurs have gone the franchising route. But is franchising the right option for you?
Our advice is to look into purchasing a franchise. On our site, you can read many articles about franchising, such as Evaluating Franchise Opportunities. 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 Professional House Doctors and Made in the Shade Blinds. Alternatively, you can browse franchise categories, such as Cleaning and Maintenance Franchises and Personal Services Franchises.
Note on Lamesa Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Lamesa.
Choosing a Company Name
A big decision when starting a company is choosing a company name. Believe it or not, choosing a good company name can be a big contributor to your business success.
Company names should be fun to say, and they should help people to understand what you do and how you differentiate yourself in the market.
For other considerations regarding naming a company, we recommend this article: Naming a Company.
On a final note, given that you are opening a business in Lamesa, it's very important that you make sure you will be the only Texas company using the business name you have chosen.
Company Formation in Lamesa, Texas
It's very important that your business is formed as a legal entity that is separate from its owners. Doing so will shield you from personal liability for business debts and obligations.
The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
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. Just because 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's a lot to know about forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Where to Incorporate. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Lamesa, Texas, our information on Incorporating in Texas may be a useful resource if you decide to incorporate in Texas.
Do You Need a Business Plan?
A business plan is vital to the health of your new business. In effect, a business plan describes what you plan to do with the business and how you plan to do it. Starting a business without a business plan is a recipe for disaster.
Never Give Up
You have a dream -- starting a business in Lamesa. 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.
Our goal here is to promote the vitality and growth of small businesses in Lamesa and throughout the United States . 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 Lamesa, Texas
Here are more links that we believe will help you be successful in starting a business in Lamesa.
- Resources for Lamesa, Texas Entrepreneurs - Browse a variety of resources we've collected to assist Lamesa 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.
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