Missouri Business Startup Guides
Starting a Business in Raytown, Missouri
Thinking about starting a business in Raytown, Missouri? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Raytown.
Is Becoming an Entrepreneur Right for You?
Most new ventures don't make it, in part because the entrepreneur did not have the entrepreneurial skills and traits needed to succeed. So, before you open a business, consider all of the implications of being an entrepreneur.
Before you move forward with starting a business, be sure to do these three things:
- Speak with other entrepreneurs in Raytown. Get their take on what it's really like to be an entrepreneur.
- You should read Business Failure. It's a good read for those who are thinking about becoming an entrepreneur.
- Involve a spouse, family member or trusted friend in the decision. That's the best way to get a truly objective assessment as to whether others think you have what it takes.
Should You Franchise?
As you drive around Raytown, you may be surprised to see how many franchises there are in the area. Should you be giving franchising serious consideration?
Our recommendation is that you consider franchising as an option. We have many articles on franchises, such as The Franchising Process. Become a franchising expert of sorts by reading more of our Articles on Franchising.
You can review hundreds of franchise opportunities by browing our Franchise Directory.
Sample franchise opportunities include Grafix Stop and Ideal Image. Alternatively, you can browse franchise categories, such as Environmental Testing Franchises and IT Franchises.
Note on Raytown Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Raytown.
Getting Money to Start a Business
Finding the funds to fuel the growth of your Raytown business is not an easy task. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.
Take advantage of our many articles on raising capital, such as 504 Loans.
For Raytown entrepreneurs who want to raise money for a new venture, you'll want to take a look at our List of Missouri Angel Investors and our List of Missouri Venture Capital Firms.
Ramping Up Sales
Mastering the art of selling is priority one if you want your new Raytown business to do well.
Why should customers buy from you instead of buying from competitors? Let us help you refine your selling techniques through our many useful sales advice tips.
Compensating Sales People 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.
Advancing Your Entrepreneurial Skills
Successful entrepreneurs know that they need to continually improve.
Given that you are starting a business in Raytown, Missouri, you will want to take advantage of the learning programs at local Missouri educational institutions. We also suggest you look into networking organizations for Raytown entrepreneurs.
Moving Forward
Most new Raytown businesses underestimate the number of challenges they will face.
Owning your own business will be a daunting task, but you can do it.
Our goal here is to promote the vitality and growth of small businesses in Raytown 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 Raytown, Missouri
Here are more links that we believe will help you be successful in starting a business in Raytown.
- Resources for Raytown, Missouri Entrepreneurs - Browse a variety of resources we've collected to assist Raytown entrepreneurs.
- Missouri Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Missouri.
- Missouri Small Business Development Center - Missouri Small Business Development Center business specialists are uniquely qualified to help small businesses get started, develop and thrive.
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