August 8, 2020  
 
  Entrepreneurial Resources - Advice for Missouri Entrepreneurs  
  Republic, Missouri Resources for Entrepreneurs  
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Starting a Business in Republic, Missouri

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

Are You Sure You Want to Do This?

Most new companies fail, in part because the entrepreneur did not have the perseverance and abilities that are necessary to succeed. So, before jumping into the world of entrepreneurship, consider all of the implications of being an entrepreneur.

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:

  • Speak with other entrepreneurs in Republic. Ask them candidly what it's like to run a business.
  • 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. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.

What Business Are You Starting?

Choosing a business that is right for you is very important. We recommend that you read Business Ideas That Don't Make Sense.

To view an extensive list of business types, complete with startup instructions, spend some time in the Good Businesses to Start section of our site. For example, you might be interested in our Opening a Millwork Dealers Business guide or our Starting a Women's Sportswear Wholesale & Manufacturers Business guide.

Always keep in mind that your new startup will be located in Republic. Some businesses will do better in Republic than others. A critical consideration is whether Republic demographics mesh well with your startup concept.

Republic, Missouri Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 3012
5-9 Employees 1386
10-19 Employees 504
20-49 Employees 252
50-99 Employees 108
100-249 Employees 0
250-499 Employees 18
500-999 Employees 0
1000+ Employees 0
All Republic Businesses 5280

As a new Republic entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Republic 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
Appliance Repair and Maintenance 2
Architectural Services 1
Automotive Parts and Accessories Stores 3
Automotive Transmission Repair 1
Beauty Salons 4
Boat Dealers 2
Book Stores 1
Bowling Centers 1
Business Associations 1
Cable and Other Program Distribution 1
Car Washes 4
Child Day Care Services 6
Civic and Social Organizations 1
Commercial Lithographic Printing 2
Commodity Contracts Brokerage 1
Community Food Services 1
Computer Systems Design Services 1
Consumer Lending 2
Custom Computer Programming Services 1
Directory and Mailing List Publishers 1
Document Preparation Services 1
Drywall and Insulation Contractors 4
Educational Support Services 1
Electrical Contractors 3
Engineering Services 4
Exterminating and Pest Control Services 1
Fine Arts Schools 1
Finish Carpentry Contractors 1
Fitness and Recreational Sports Centers 1
Floor Covering Stores 1
Flooring Contractors 1
Florists 2
Food Service Contractors 1
Framing Contractors 6
Full-Service Restaurants 3
Funeral Homes and Funeral Services 1
Furniture Stores 2
General Automotive Repair 5
General Rental Centers 1
Gift, Novelty, and Souvenir Stores 2
Golf Courses and Country Clubs 1
Homes for the Elderly 1
Industrial Building Construction 1
Insurance Agencies and Brokerages 6
Investigation Services 1
Janitorial Services 1
Land Subdivision 4
Landscaping Services 3
Lessors of Other Real Estate Property 1
Limited-Service Restaurants 11
Local Messengers and Local Delivery 2
Machine Shops 2
Masonry Contractors 3
Motorcycle Dealers 1
Museums 1
Nail Salons 1
Natural Gas Distribution 1
New Car Dealers 2
New Housing Operative Builders 2
Newspaper Publishers 1
Nursing Care Facilities 2
Office Supplies and Stationery Stores 1
Offices of Certified Public Accountants 2
Offices of Chiropractors 2
Offices of Dentists 4
Offices of Lawyers 2
Offices of Optometrists 1
Painting and Wall Covering Contractors 3
Pet Care (except Veterinary) Services 1
Pharmacies and Drug Stores 2
Private Mail Centers 1
Residential Remodelers 4
Roofing Contractors 2
Securities Brokerage 2
Siding Contractors 2
Site Preparation Contractors 5
Snack and Nonalcoholic Beverage Bars 1
Solid Waste Collection 1
Tax Preparation Services 1
Tire Dealers 1
Title Abstract and Settlement Offices 2
Used Car Dealers 1
Used Merchandise Stores 4
Vending Machine Operators 1
Veterinary Services 2
Video Tape and Disc Rental 2
Warehouse Clubs and Supercenters 1
Wired Telecommunications Carriers 1
Women's Clothing Stores 1

Forming a Company in Republic, Missouri

A critical step is ensuring 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 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 Missouri, it doesn't mean you are required to incorporate in Missouri. In fact, you can incorporate in any state you would like to. 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 Getting an EIN. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Republic, Missouri, our web page covering Incorporating in Missouri may be a useful resource if you decide to incorporate in Missouri.

Where to Get Money to Start a Company

Obtaining startup financing for your Republic 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.

Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled 504 Loans.

For Republic entrepreneurs who need startup capital, check out our List of Missouri Angel Investors and our List of Missouri Venture Capital Firms.

Promoting Your New Business

To rise above the crowd in Republic and grow your business, you need a excellent marketing plan.

You can learn quite a bit about marketing on our site. How to Market to Accountants and CPAs 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.

Next Steps

Most new Republic 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 Republic and throughout the United States . We believe entrepreneurship is an amazing engine for job creation in Republic, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Republic, Missouri

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

 

 

Additional Resources for Entrepreneurs

Buying a Business

Writing a Business Plan

Raising Money

Incorporate

Small Business Marketing

Advertising Advice

Public Relations -

Customer Service Tips

Entrepreneurial Selling

Workplace Safety