North Carolina Business Startup Guides
Opening a Business in Oxford, North Carolina
Contemplating starting a business in Oxford, North Carolina? We walk you through the process of opening a business in Oxford.
Oxford, North Carolina Demographic Information
Oxford has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Oxford demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Oxford.
Businesses
As a new Oxford entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Oxford 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.
Businesses
Forming a Company in Oxford, North Carolina
It's very important 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.
When forming a company, you will pick from many company types, such as a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporating is a very common way to legally create a business entity. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in North Carolina, you don't necessarily have to incorporate in North Carolina. 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. To learn the fundamentals of company formation, browse articles on our site, such as ESOP Formation. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Oxford, North Carolina, our web page covering Incorporating in North Carolina may be a useful resource if you decide to incorporate in North Carolina.
Make Sure You Have a Business Plan
Creating a business plan is vital in laying a solid foundation for your business success. Simply put, a business plan describes what you plan to do with the business and how you plan to do it. Not having a business plan
To learn more about business plans, read Business Plan Mistakes. You can also get free counseling sessions provided by your local SCORE chapter in North Carolina.
Raising Capital for Your Venture
Raising money to fund your new Oxford business is a difficult chore. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.
To learn about raising money, we recommend you read the fundraising articles on our site, such as 504 Loans.
For Oxford entrepreneurs on the hunt for startup funding, check out our List of North Carolina Angel Investors and our List of North Carolina Venture Capital Firms.
Marketing Your New Venture
To grow your Oxford business, you need a solid marketing plan.
There are myriad resources on this site to help you with your marketing plan. Telemarketing Service Costs is a good read to get your marketing ideas flowing. That's just a taste of the many useful articles we have on Marketing a Small Business.
Learning More About Entrepreneurship
The best entrepreneurs recognize that they don't know everything.
With your business being located in Oxford, North Carolina, you should check out some of the many programs available at nearby North Carolina universities, colleges and community colleges. You should also check if there are any networking organizations for Oxford entrepreneurs.
What's Next?
You have a dream -- starting a business in Oxford. To achieve your dream, you have to persevere, even when the odds are against you.
From this point on, you control your own destiny.
Our goal here is to promote the vitality and growth of small businesses in Oxford and throughout the United States . 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 Oxford, North Carolina
Here are more links that we believe will help you be successful in starting a business in Oxford.
- Resources for Oxford, North Carolina Entrepreneurs - Browse a variety of resources we've collected to assist Oxford entrepreneurs.
- North Carolina Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in North Carolina.
- North Carolina SBA - With offices in Charlotte, Wilmington, Raleigh and Asheville, the SBA organizes many events and provides useful resources for new entrepreneurs and growing businesses throughout North Carolina.
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