Missouri Business Startup Guides

Starting a Business in Slater, Missouri

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

Which Business to Choose?

Choosing a business that is right for you is very important. You might get some good ideas about what kind of business to start by reading Evaluating Your Idea.

For step-by-step instructions on starting a variety of business types, visit the Good Businesses to Start section of our site. For example, you might be interested in our How to Start an Online Shopping Business guide or our How to Start a Satellite Television Equipment & Systems Service & Repair Business guide.

Don't forget that Slater is the place where you are starting a business. Some businesses will do better in Slater than others. Only by spending some time analyzing Slater demographics can you decide if there will be strong demand for your business idea.

Slater, Missouri Demographic Information

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

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

Business Size
# of
1-4 Employees
5-9 Employees
10-19 Employees
20-49 Employees
50-99 Employees
100-249 Employees
250-499 Employees
500-999 Employees
1000+ Employees
All Slater Businesses

As a new Slater entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Slater 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
Animal (except Poultry) Slaughtering
Beauty Salons
Commercial Screen Printing
Electrical Contractors
Farm Supplies Merchant Wholesalers
Finish Carpentry Contractors
Full-Service Restaurants
Funeral Homes and Funeral Services
Insurance Agencies and Brokerages
Iron and Steel Mills
Limited-Service Restaurants
Machine Shops
New Car Dealers
Newspaper Publishers
Nursing Care Facilities
Offices of Dentists
Offices of Lawyers
Offices of Real Estate Appraisers
Pharmacies and Drug Stores
Snack and Nonalcoholic Beverage Bars
Textile Bag Mills
Veterinary Services

Picking a Company Name

Making the right decision when choosing a company name is very important. There are many decisions you'll make now that you can change later, but changing a company name years down the road is not very easy. So, choose a good company name at the outset.

Company names should be fun to say, and they should help people to understand what you do and how you differentiate yourself in the market.

Numerous company naming issues are discussed in more detail in this article: Naming a Company.

On a final note, given that you are opening a business in Slater, it's critical that you ensure that no other Missouri company is using the business name you want to use.

Make Sure You Have a Business Plan

Having a business plan is essential in maximizing the prospects of your new company. Simply put, a business plan describes what you plan to do with the business and how you plan to do it. Failure to write a business plan makes you more prone to becoming a business failure statistic.

To learn more about business plans, read Reasons to Write a Business Plan. You should also take advantage of free counseling sessions provided by your local SCORE chapter in Missouri.

Raising Capital for Your Venture

Getting your Slater business the capital it needs to succeed is very difficult due to the ongoing business credit crunch. To obtain business financing, you will need to hear a lot of rejections before you finally find a funding solution that works for you.

Take advantage of our many articles on securing funding, such as 504 Loans.

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

Advancing Your Entrepreneurial Skills

The best entrepreneurs recognize that they don't know everything.

Given that you are starting a business in Slater, Missouri, you will want to take advantage of the learning programs at local Missouri educational institutions. It's also beneficial to see if there are any Slater networking organizations.

Next Steps

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

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 Slater and throughout the United States . We want to be there for you to answer your business questions, whether you are a new Slater 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 Slater, Missouri

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

More Startup Articles for Missouri Cities

Starting a Business in Sikeston
Starting a Business in Smithville

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



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