Texas Business Startup Guides
Starting a Business in Missouri City, Texas
Thinking about starting a business in Missouri City, Texas? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Missouri City.
What Business to Start
An important decision is what kind of business you want to start. You might get some good ideas about what kind of business to start by reading Evaluating Your Idea.
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 Asbestos Law Firm guide or our Starting a Drapery & Curtain Fabrics Retail Business guide.
Remember that you are opening your new business in Missouri City. Some businesses will do better in Missouri City than others. Only by spending some time analyzing Missouri City demographics can you decide if there will be strong demand for your business idea.
Missouri City, Texas Demographic Information
Missouri City has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Missouri City demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Missouri City.
As a new Missouri City entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Missouri City 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 a Franchise Opportunity Right For You?
As you drive around Missouri City, you may be surprised to see how many franchises there are in the area. But is franchising the right option for you?
Our advice is to consider franchising as an option. To help you learn more about franchising, we've gathered a ton of articles on franchising, including Franchisees Versus Licensees. Get a thorough education on franchising by browsing all of our Articles on Franchising.
You can review hundreds of franchise opportunities by browing our Franchise Directory.
Note on Missouri City Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Missouri City.
What About Buying an Existing Missouri City Business?
An excellent way to get started in business is to Buy a Business in Texas. Follow that link and you may find several good businesses for sale in Missouri City.
If you are serious about buying a business, you may want to read this article: Buying a Business.
Company Formation in Missouri City, Texas
It's very important that your business is formed as a legal entity that is separate from its owners. The principal advantage of forming your new business as a legal entity is that it separates your business liabilities from your personal liabilities.
The entity you form can be a corporation, LLC, sole proprietorship, partnership or other structure.
Incorporation 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. Just because you are starting a business in Texas, you don't necessarily have to incorporate in Texas. As it turns out, you can incorporate in any state you would like to. 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'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 C Corp Versus S Corp. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Missouri City, Texas, our information on Incorporating in Texas may be a useful resource if you decide to incorporate in Texas.
Getting the Word Out About Your New Business
Whether your goal is to attract Missouri City customers or you plan on selling elsewhere, you need a excellent marketing plan.
We have some helpful resources on this site for entrepreneurs who are working on marketing plans. Customer Loyalty Programs discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.
Never Give Up
Most new Missouri City businesses underestimate the number of challenges they will face.
Owning your own business will be a daunting task, but you can do it.
This site is all about helping entrepreneurs in Missouri City and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Missouri City, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Missouri City, Texas
Here are more links that we believe will help you be successful in starting a business in Missouri City.
- Resources for Missouri City, Texas Entrepreneurs - Browse a variety of resources we've collected to assist Missouri City 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.
More Business Startup Guides for Texas
Have Friends Who Might Like This Article?
Let them know on LinkedIn
Ready to Learn More? We Think You Might Like These Articles:
Additional Resources for Entrepreneurs