August 3, 2020  
 
  Entrepreneurial Resources - Advice for Texas Entrepreneurs  
  Normangee, Texas Resources for Entrepreneurs  
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Start a Business in Normangee, Texas

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

Normangee, Texas Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 127
5-9 Employees 15
10-19 Employees 9
20-49 Employees 3
50-99 Employees 3
100-249 Employees 0
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Normangee Businesses 157

As a new Normangee entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Normangee 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
Beer, Wine, and Liquor Stores 2
Caterers 1
Drinking Places (Alcoholic Beverages) 1
Floor Covering Stores 1
Funeral Homes and Funeral Services 1
General Automotive Repair 2
General Rental Centers 1
Hardware Stores 1
Limited-Service Restaurants 1
Marketing Consulting Services 1
Offices of Certified Public Accountants 2
Offices of Lawyers 2
Residential Remodelers 1
Tire Dealers 1

Choosing a Business 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.

Before you decide on a company name, run it by some prospective customers and see what they think. If they don't like it, it's probably a good idea to go back to the drawing board.

For other considerations regarding naming a company, we recommend this article: Naming a Business.

There's one other important factor when naming a business. Since you are starting a business in Normangee, it's very important that you make sure no other Texas company is using the business name you want to use.

Company Formation in Normangee, Texas

A critical step is ensuring that your business is formed as a legal entity that is separate from its owners. Doing so will insulate you from personal liability for business debts and obligations.

The entity you form can be a corporation, LLC, sole proprietorship, partnership or other structure.

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, it doesn't mean you are required to incorporate in Texas. As it turns out, you can incorporate in the state of your choosing. 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. To learn the fundamentals of company formation, browse articles 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 Normangee, Texas, our information on Incorporating in Texas may be a useful resource if you decide to incorporate in Texas.

Getting Money to Start a Business

Getting your Normangee business the capital it needs to succeed is a difficult chore. In fact, financing your new business may be the hardest challenge you ever face.

Take advantage of our many articles on raising capital, such as Business Incubators.

For Normangee entrepreneurs who want to raise money for a new venture, check out our List of Texas Angel Investors and our List of Texas Venture Capital Firms.

Building Up Your Sales

Being able to sell is critical to your business success. Whether you are focused on selling local customers in Normangee or are selling to customers throughout Texas, the United States or even the world, you have to be able to sell.

Why should customers buy from you instead of buying from competitors? Fortunately, we've got plenty of good advice to help you improve your selling skills.

The Art of Customer Referrals offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.

How to Improve Your Entrepreneurial Abilities

Good entrepreneurs know that they need to continually improve.

As an entrepreneur who lives in Normangee, 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 Normangee networking organizations.

What's Next?

You have a dream -- starting a business in Normangee. To achieve your dream, you have to persevere, even when the odds are against you.

From this point on, you control your own destiny.

We are here to help Normangee businesses to be successful. 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 Normangee, Texas

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

 

 

Additional Resources for Entrepreneurs

Buying a Business

Writing a Business Plan

Raising Money

Incorporate

Small Business Marketing

Advertising Advice

Public Relations -

Customer Service Tips

Entrepreneurial Selling

Workplace Safety