Oklahoma Business Startup Guides
Opening a Business in Oklahoma City, Oklahoma
Contemplating starting a business in Oklahoma City, Oklahoma? We walk you through the process of opening a business in Oklahoma City.
What Business Are You Starting?
There are many businesses that you can start. How do you know which type of business is right for you? To stir your creative juices on what kind of business to start, take a look at Good 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 Starting an Oriental Restaurant guide or our Starting a Stair Resurfacing Business guide.
Always keep in mind that you are starting a business in Oklahoma City. The business you want to start may already be well-represented in Oklahoma City. Only by spending some time analyzing Oklahoma City demographics can you decide if there will be strong demand for your business idea.
Oklahoma City, Oklahoma Demographic Information
Oklahoma City has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Oklahoma City demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Oklahoma City.
As a new Oklahoma City entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Oklahoma 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.
What About Franchising Opportunities?
As you drive around Oklahoma City, you'll notice that many local entrepreneurs have gone the franchising route. So, it probably makes sense for you to consider franchising too.
We highly recommend you consider franchising as an option. We have many articles on franchises, such as Franchising Scams. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.
A comprehensive list of franchisors is available via our List of Franchise Opportunities.
Sample franchise opportunities include Blind Butler and D.E.I. Sales Training Systems. Alternatively, you can browse franchise categories, such as Healthy Alternative Foods Franchises and Payroll Service Franchises.
Note on Oklahoma City Franchise Opportunities: To find out if a franchise you are interested in is available in Oklahoma City, you will need to get in direct contact with the franchisor.
Forming a Company in Oklahoma City, Oklahoma
It's essential that your business is formed as a legal entity that is separate from its owners. Doing so will separate you from personal liability for business debts and obligations.
When forming a company, you will select one of many company types, such as a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporating 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. If you are starting a business in Oklahoma, it doesn't mean you are required to incorporate in Oklahoma. In fact, you can incorporate in the state of your choosing. 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. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Avoiding Personal Liability in Business. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Oklahoma City, Oklahoma, our web page covering Incorporating in Oklahoma may be a useful resource if you decide to incorporate in Oklahoma.
Bring in Revenues
Being able to sell is a key enabler to your business success. Whether you are focused on selling local customers in Oklahoma City or are selling to customers throughout Oklahoma, the United States or even the world, you have to be able to sell.
The key to selling is to set sales goals goals and monitor your progress towards those goals. The good news is we can help you to make selling a big competitve advantage for your new firm.
Learning More About Entrepreneurship
Successful business owners recognize that what they know now may not be enough to ensure their future success.
Given that you are starting a business in Oklahoma City, Oklahoma, you should get information on some of the many programs available at nearby Oklahoma universities, colleges and community colleges. You should also check if there are any networking groups or organizations in which Oklahoma City entrepreneurs get together to network and trade their business experiences.
Oklahoma City Entrepreneur Interviews
Enjoy these interviews we've had with Oklahoma City entrepreneurs.
- Interview with David Lewis, Founder of Type A Consulting
- Interview with David Johndrow, Founder of Johndrow Vineyards,
Never Give Up
You have a dream -- starting a business in Oklahoma City. 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 Oklahoma City businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Oklahoma City entrepreneur who is just getting started or you are already up and running with your new venture.
More Entrepreneurial Resources for Starting a Business in Oklahoma City, Oklahoma
Here are more links that we believe will help you be successful in starting a business in Oklahoma City.
- Resources for Oklahoma City, Oklahoma Entrepreneurs - Browse a variety of resources we've collected to assist Oklahoma City entrepreneurs.
- Oklahoma Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Oklahoma.
- Oklahoma Small Business Development Center - Whether you are in business or thinking about it, the Oklahoma Small Business Development Center staff can assist you. Their goal is to help Oklahoma entrepreneurs like you be more successful.
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