Are you starting a business in Ringling, Oklahoma? This article discusses the most important things to consider when opening a business in Ringling.
Will You Be a Good Entrepreneur?
Before you get too far along in the process, assess your entrepreneurial instincts and capabilities.
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Talk to other entrepreneurs in Ringling. They are usually very willing to share their insights on the ups and downs of being an entrepreneur.
- We recommend reading Why Small Businesses Fail. For aspiring new entrepreneurs, it's a must read article.
- Get feedback from somebody whom you trust. Others sometimes know you better than you know yourself.
Choosing the Right Company to Start
There are many businesses that you can start. How do you know which type of business is right for you? You might get some good ideas about what kind of business to start by reading Free Business Ideas.
For in-depth how-to guides on how to start specific businesses, browse our Good Businesses to Start section of our site. For example, you might be interested in our Starting a Locksmithing School guide or our Opening a Water Softening & Conditioning Equipment & Supplies Rental Business guide.
Always keep in mind that you are starting a business in Ringling. Some businesses will do better in Ringling than others. Don't forget to review Ringling demographics to see if there's a market for what you want to sell.
Ringling, Oklahoma Demographic Information
Ringling has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Ringling demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Ringling.
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|All Ringling Businesses
As a new Ringling entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Ringling 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.
Child Day Care Services
Exam Preparation and Tutoring
General Freight Trucking, Local
Insurance Agencies and Brokerages
Nursing Care Facilities
Pharmacies and Drug Stores
Tax Preparation Services
Is Buying an Existing Ringling Business a Good Strategy?
We've created a useful website page for those who want to Buy a Business in Oklahoma. Follow that link and you may find several good businesses for sale in Ringling.
For anybody who wants to buy a business, we recommend reading this useful article: Buying a Business.
Forming a Company in Ringling, Oklahoma
It's essential that you choose the right legal structure for your new entity. Doing so will shield 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 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 Oklahoma, you don't necessarily have to incorporate in Oklahoma. In fact, you are allowed to 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. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Registered Agents. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Ringling, Oklahoma, our information on Incorporating in Oklahoma may be a useful resource if you decide to incorporate in Oklahoma.
Make Sure You Have a Business Plan
A business plan is critical in maximizing the prospects of your new company. In effect, a business plan is a written description of the future you envision for your business. Not having a business plan is a recipe for disaster.
If writing a business plan is on your to-do list, be sure to read Find Sample Business Plans Online. You can also get face-to-face free consulting available from your local SCORE chapter in Oklahoma.
You have a dream -- starting a business in Ringling. To achieve your dream, you have to persevere, even when the odds are against you.
Owning your own business will be a daunting task, but you can do it.
We are here to help Ringling businesses to be successful. 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 Ringling, Oklahoma
Here are more links that we believe will help you be successful in starting a business in Ringling.