Missouri Business Startup Guides

Starting a Business in Princeton, Missouri

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

Is Becoming an Entrepreneur Right for You?

Running your own business is hard work, much harder than working as an employee. Are you certain you have the stamina and skills to succeed on your own?

Because entrepreneurship is not for everyone, we recommend you do the following to help you assess whether you should move forward with starting a business:

  • Talk to other entrepreneurs in Princeton. Get their take on what it's really like to be an entrepreneur.
  • 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. That's the best way to get a truly objective assessment as to whether others think you have what it takes.

Princeton, Missouri Demographic Information

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

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

Business Size
# of
Businesses
1-4 Employees
2044
5-9 Employees
420
10-19 Employees
378
20-49 Employees
42
50-99 Employees
0
100-249 Employees
0
250-499 Employees
0
500-999 Employees
0
1000+ Employees
0
All Princeton Businesses
2884

As a new Princeton entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Princeton 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
Automotive Transmission Repair
1
Child Day Care Services
1
Community Food Services
1
Electrical Contractors
1
Framing Contractors
1
Full-Service Restaurants
2
Funeral Homes and Funeral Services
1
Golf Courses and Country Clubs
1
Homes for the Elderly
2
Human Rights Organizations
1
Insurance Agencies and Brokerages
5
Landscaping Services
1
Limited-Service Restaurants
1
Nursing Care Facilities
1
School and Employee Bus Transportation
1
Site Preparation Contractors
1
Veterinary Services
1
Wired Telecommunications Carriers
2

Have You Considered Franchising?

Examine a list of Princeton businesses and it's apparent that franchising has become a very popular way to start a business. Would going with a franchise be a good idea for you?

Most business experts recommend that you consider franchising as an option. This site has dozens of articles on franchising, such as Buying a Franchise. Become a franchising expert of sorts by reading more of our Articles on Franchising.

To learn about specific franchise opportunities, check out our Franchise Directory.

Sample franchise opportunities include Sanford Rose Associates and Discount Sports Nutrition. Alternatively, you can browse franchise categories, such as Business Services Franchises and Child Education and Tutoring Franchises.

Note on Princeton Franchise Opportunities: To find out if a franchise you are interested in is available in Princeton, you will need to get in direct contact with the franchisor.

Naming the Company

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.

Company names need to be easy to spell, easy to pronounce, and easy to remember.

Numerous company naming issues are discussed in more detail in this article: Branding Advice.

There's one other important factor when naming a business. Since you are starting a business in Princeton, it's critical that you ensure that you will be the only Missouri company using the business name you have chosen.

Make Sure You Have a Business Plan

Creating a business plan is critical in laying a solid foundation for your business success. In effect, a business plan is a written description of the future you envision for your business. Failure to write a business plan

To learn more about business plans, read Find Sample Business Plans Online. You should also take advantage of face-to-face free consulting available from your local SCORE chapter in Missouri.

Building Up Your Sales

Do you know how to sell? In order to attract customers to your new Princeton business, you need to focus on sales.

Clever sales techniques can transform any business from good to great. Fortunately, we've got plenty of good advice to help you improve your selling skills.

Effective Sales Presentations is worth reading, as it may give you some good ideas on how to sell your products or services. We have many more good articles on selling that you may enjoy reading.

Moving Forward

As an entrepreneur in Princeton, you won't be working for the boss anymore. You are the boss.

From this point on, you control your own destiny.

We are here to help Princeton businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Princeton, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Princeton, Missouri

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

More Startup Articles for Missouri Cities

Starting a Business in Potosi
Starting a Business in Puxico

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

 

 

Share this article


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary