Missouri Business Startup Guides

Starting a Business in Monroe City, Missouri

Thinking about starting a business in Monroe City, Missouri? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Monroe City.

Are You Ready for Entrepreneurship?

Most new ventures fail, in part because the founder did not have the perseverance and abilities that are necessary to succeed. So, before jumping into the world of entrepreneurship, consider all of the implications of being an entrepreneur.

While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:

  • Grab a meal or cofee with other entrepreneurs in Monroe City. Listen closely to their experiences and see if you think you too can be successful.
  • Take a look at Starting a Company. It's a short article but it's a good reality check for those are about to jump into the world of entrepreneurship.
  • Talk it over with a close friend or partner. 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.

Choosing the Right Company to Start

An important decision is what kind of business you want to start. If you are struggling with what type of business to start, read Free Business Ideas.

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 How to Start a Used Infant Clothing Shop guide or our Starting an Electrical Designers Business guide.

Don't forget that starting a business in Monroe City has some implications. Some businesses will do better in Monroe City than others. Only by spending some time analyzing Monroe City demographics can you decide if there will be strong demand for your business idea.

Monroe City, Missouri Demographic Information

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

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

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 Monroe City Businesses

As a new Monroe City entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Monroe 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.

Business Type
# of
Automotive Parts and Accessories Stores
Baked Goods Stores
Child Day Care Services
Commercial Lithographic Printing
Drinking Places (Alcoholic Beverages)
Electrical Contractors
Elementary and Secondary Schools
Full-Service Restaurants
Funeral Homes and Funeral Services
General Automotive Repair
Gift, Novelty, and Souvenir Stores
Golf Courses and Country Clubs
Homes for the Elderly
Insurance Agencies and Brokerages
Land Subdivision
Landscaping Services
Limited-Service Restaurants
Livestock Merchant Wholesalers
Mail-Order Houses
New Car Dealers
Nursing Care Facilities
Offices of Chiropractors
Offices of Dentists
Pharmacies and Drug Stores
Ready-Mix Concrete Manufacturing
Recreational Vehicle Dealers
Residential Remodelers
School and Employee Bus Transportation
Securities Brokerage
Siding Contractors
Sporting Goods Stores
Tire Dealers
Used Merchandise Stores
Veterinary Services
Window Treatment Stores

Picking a Company Name

A good company name can give a big boost to a new startup. It might seem like an easy thing to do, but there are many things to consider when naming a business.

Company names need to be easy to spell, easy to pronounce, and easy to remember.

To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Company.

On a final note, given that you are planning on starting a business in Monroe City, it's imperative that you check now that no other Missouri company is using the business name you want to use.

Forming a Company in Monroe City, Missouri

It's essential 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. If you are starting a business in Missouri, you don't necessarily have to incorporate in Missouri. 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 Piercing the Corporate Veil. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Monroe City, Missouri, our information on Incorporating in Missouri may be a useful resource if you decide to incorporate in Missouri.

Letting the World Know You Exist

To grow your Monroe City business, you need a excellent marketing plan.

We have some excellent resources on this site for entrepreneurs who are working on marketing plans. Direct Mail Costs discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just a sampling of the many useful articles we have on Marketing a Small Business.

Never Give Up

Most new Monroe City businesses underestimate the number of challenges they will face.

If you choose the right business and love what you do, you will greatly increase your odds of success.

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

More Entrepreneurial Resources for Starting a Business in Monroe City, Missouri

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

Starting-a-Business Guides for Other Cities in Missouri

Starting a Business in Monett
Starting a Business in Montgomery City

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



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