Texas Business Startup Guides
Start a Business in Portland, Texas
Are you starting a business in Portland, Texas? This article discusses the most important things to consider when opening a business in Portland.
Are You Ready for Life as an Owner?
Most new companies fail, in part because the business owner did not have the entrepreneurial skills and traits needed to succeed. So, before jumping into the world of entrepreneurship, consider all of the implications of being an entrepreneur.
Here are three things we recommend you do before you fully commit to starting a new business of your own.
- Talk to other entrepreneurs in Portland. Listen closely to their experiences and see if you think you too can be successful.
- We recommend reading Characteristics of Successful Entrepreneurs. For aspiring new entrepreneurs, it's a must read article.
- Seek the advice of somebody who knows you well. 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.
Portland, Texas Demographic Information
Portland has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Portland demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Portland.
As a new Portland entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Portland 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.
Is Buying an Existing Portland Business a Good Strategy?
An excellent way to get started in business is to Buy a Business in Texas. Follow that link and you might discover several good businesses for sale in Portland.
Before buying a business, be sure to read this article: Hold Harmless Agreements When Buying Businesses.
Forming a Company in Portland, Texas
A critical step is ensuring that your business is formed as a legal entity that is separate from its owners. Doing so will protect 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 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 Texas, you don't necessarily have to incorporate in Texas. In fact, you are allowed to 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. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Offshore Company Formation. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Portland, Texas, our information on Incorporating in Texas may be a useful resource if you decide to incorporate in Texas.
Marketing Your New Business
Whether your goal is to attract Portland 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. Dealing with Angry Customers 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.
Learning More About Entrepreneurship
Successful business owners recognize that they need to continually improve.
Given that you are starting a business in Portland, 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 Portland networking organizations.
Never Give Up
Most new Portland businesses underestimate the number of challenges they will face.
From this point on, you control your own destiny.
Our goal here is to promote the vitality and growth of small businesses in Portland and throughout the United States . We want to be there for you to answer your business questions, whether you are a new Portland 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 Portland, Texas
Here are more links that we believe will help you be successful in starting a business in Portland.
- Resources for Portland, Texas Entrepreneurs - Browse a variety of resources we've collected to assist Portland entrepreneurs.
- Texas Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Texas.
- Houston, Texas Small Business Development Center - Serving 32 counties in Southeast Texas through 14 business consulting and training centers, the Small Business Development Center Network contributes to the growth and prosperity of the Texas Gulf Coast communities.
- North Texas Small Business Development Center - The NTSBDC Network promotes small business success by providing management education.
- Northwest Texas Small Business Development Center - The Northwest Texas Small Business Development Center was established with Texas Tech University in 1986. This regional program serves over ninety thousand square miles including ninety-five counties with a population base of approximately 1.8 million people. This region is serviced by six centers located in Lubbock, Amarillo, Midland/Odessa, Abilene, Stephenville, and Wichita Falls.
- South-West Texas Border�SBDC Network Texas Small Business Development Center - The South-West Texas Border Small Business Development Center (SBDC) provides consulting and technical assistance to the small business community.
Starting-a-Business Guides for Other Cities in Texas
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