Texas Business Startup Guides

Starting a Business in New Ulm, Texas

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

What Type of Business Should You Start?

Choosing a business that is right for you is very important. To help you decide on a business type, we encourage you to read Business Ideas That Don't Make Sense.

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 Starting a Dance Club guide or our Starting a Tatoo Parlor guide.

Don't forget that your new startup will be located in New Ulm. Some businesses will do better in New Ulm than others. Don't forget to review New Ulm demographics to see if there's a market for what you want to sell.

New Ulm, Texas Demographic Information

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

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

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 New Ulm Businesses

As a new New Ulm entrepreneur, you may also be interested in the table below. It shows how many businesses there are in New Ulm 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
Drywall and Insulation Contractors
Electrical Contractors
Elementary and Secondary Schools
Engineering Services
Golf Courses and Country Clubs
Insurance Agencies and Brokerages
Meat Markets
Offices of Certified Public Accountants
Painting and Wall Covering Contractors
Photography Studios, Portrait
Reupholstery and Furniture Repair
Wholesale Trade Agents and Brokers

Make Sure You Have a Business Plan

Writing a business plan is essential in maximizing the prospects of your new company. Simply put, your business plan is your game plan for how you hope to grow your business. Starting a business without a business plan will greatly reduce your chances of business success.

To learn more about business plans, read Reasons to Write a Business Plan. You can also get face-to-face free consulting available from your local SCORE chapter in Texas.

Where to Get Money to Start a Company

Getting your New Ulm business the capital it needs to succeed is not an easy task. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.

Take advantage of our many articles on raising capital, such as 504 Loans.

For New Ulm entrepreneurs in need of startup financing, browse our List of Texas Angel Investors and our List of Texas Venture Capital Firms.

Marketing Your New Venture

Whether your goal is to attract New Ulm customers or you plan on selling elsewhere, you'll need to have a good marketing plan.

We have some helpful resources on this site for entrepreneurs who are working on marketing plans. National TV Spot Advertising Rates is a good read to get your marketing thoughts flowing. That's just one of the many useful articles we have on Marketing a Small Business.

Improving Your Entrepreneurial Skillset

The best entrepreneurs know that they don't know everything.

Given that you are starting a business in New Ulm, Texas, you will want to take advantage of the many programs available at nearby Texas universities, colleges and community colleges. It's also worthwhile to see if there are any networking organizations for New Ulm entrepreneurs.

Never Give Up

You have a dream -- starting a business in New Ulm. 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.

This site is all about helping entrepreneurs in New Ulm and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in New Ulm, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in New Ulm, Texas

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

More Business Startup Guides for Texas

Starting a Business in New Braunfels
Starting a Business in Newton

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



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