Texas Business Startup Guides

Opening a Business in Stephenville, Texas

Contemplating starting a business in Stephenville, Texas? We walk you through the process of opening a business in Stephenville.

Is Becoming an Entrepreneur Right for You?

Most new companies fail, in part because the founder did not have the perseverance and abilities that are necessary 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 Stephenville. Get their take on what it's really like to be an entrepreneur.
  • You should read The Entrepreneurial Personality. It's a good read for those who are thinking about becoming an entrepreneur.
  • Reach out to a trusted acquaintance. That's the best way to get a truly objective assessment as to whether others think you have what it takes.

Stephenville, Texas Demographic Information

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

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

Business Size
# of
Businesses
1-4 Employees
1075
5-9 Employees
414
10-19 Employees
333
20-49 Employees
144
50-99 Employees
42
100-249 Employees
30
250-499 Employees
15
500-999 Employees
6
1000+ Employees
0
All Stephenville Businesses
2059

As a new Stephenville entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Stephenville 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
Abrasive Product Manufacturing
1
Architectural Services
1
Automotive Parts and Accessories Stores
7
Automotive Transmission Repair
2
Baked Goods Stores
2
Beauty Salons
9
Bowling Centers
1
Business Associations
3
Cable and Other Program Distribution
1
Cafeterias
1
Carpet and Upholstery Cleaning Services
2
Caterers
1
Cheese Manufacturing
1
Child Day Care Services
3
Civic and Social Organizations
3
Claims Adjusting
1
Coin-Operated Laundries and Drycleaners
2
Commercial Lithographic Printing
2
Commodity Contracts Brokerage
1
Community Food Services
2
Computer Systems Design Services
2
Confectionery and Nut Stores
1
Consumer Lending
4
Convenience Stores
3
Credit Bureaus
1
Credit Unions
1
Crop Harvesting, Primarily by Machine
1
Direct Title Insurance Carriers
1
Drilling Oil and Gas Wells
1
Drinking Places (Alcoholic Beverages)
3
Electric Power Distribution
1
Electrical Contractors
5
Elementary and Secondary Schools
1
Engineering Services
1
Family Clothing Stores
8
Farm Supplies Merchant Wholesalers
3
Fertilizer (Mixing Only) Manufacturing
1
Finish Carpentry Contractors
2
Fitness and Recreational Sports Centers
3
Floor Covering Stores
1
Florists
3
Food Service Contractors
1
Full-Service Restaurants
21
Funeral Homes and Funeral Services
2
Furniture Merchant Wholesalers
1
Furniture Stores
3
General Automotive Repair
5
General Freight Trucking, Local
3
Golf Courses and Country Clubs
2
Grantmaking Foundations
1
Hardware Merchant Wholesalers
1
Hardware Stores
1
Hobby, Toy, and Game Stores
2
Home Centers
1
Home Health Care Services
7
Household Appliance Stores
4
Human Rights Organizations
1
Hunting and Trapping
1
Industrial Building Construction
2
Industrial Valve Manufacturing
1
Insurance Agencies and Brokerages
13
Internet Service Providers
2
Iron and Steel Mills
1
Janitorial Services
2
Jewelry (except Costume) Manufacturing
1
Jewelry Stores
3
Land Subdivision
1
Landscaping Services
3
Limited-Service Restaurants
24
Livestock Merchant Wholesalers
2
Luggage Manufacturing
2
Machine Shops
2
Masonry Contractors
5
Meat Markets
1
Miscellaneous Intermediation
1
Mobile Food Services
2
Motor Vehicle Towing
1
Museums
1
Nail Salons
1
Natural Gas Distribution
1
New Car Dealers
3
Newspaper Publishers
3
Nonresidential Property Managers
1
Office Administrative Services
2
Office Supplies and Stationery Stores
3
Offices of Certified Public Accountants
6
Offices of Chiropractors
2
Offices of Dentists
9
Offices of Lawyers
17
Offices of Optometrists
3
Outdoor Power Equipment Stores
1
Paint and Wallpaper Stores
1
Painting and Wall Covering Contractors
3
Periodical Publishers
2
Pet and Pet Supplies Stores
1
Petroleum Bulk Stations and Terminals
1
Pharmacies and Drug Stores
4
Plastics Plumbing Fixture Manufacturing
1
Prepress Services
1
Private Mail Centers
1
Radio Stations
2
Ready-Mix Concrete Manufacturing
1
Real Estate Credit
1
Residential Remodelers
1
Roofing Contractors
2
Savings Institutions
2
Securities Brokerage
3
Septic Tank and Related Services
2
Shoe Stores
2
Siding Contractors
1
Site Preparation Contractors
3
Solid Waste Collection
2
Sporting Goods Stores
2
Sports and Recreation Instruction
1
Tax Preparation Services
1
Temporary Help Services
1
Tire Dealers
4
Tobacco Stores
2
Used Household and Office Goods Moving
1
Used Merchandise Stores
3
Vending Machine Operators
1
Veterinary Services
7
Video Tape and Disc Rental
2
Warehouse Clubs and Supercenters
1
Water Supply and Irrigation Systems
1
Wired Telecommunications Carriers
2
Women's Clothing Stores
2
Wood Container and Pallet Manufacturing
2

Don't Forget to Create a Business Plan

A business plan is critical to the health of your new business. In effect, your business plan is your game plan for how you hope to grow your business. Not having a business plan is a recipe for disaster.

If you want more information on writing business plans, we recommend reading Business Plan Contests. A great resource for business planning assistance is the free counseling sessions provided by your local SCORE chapter in Texas.

Raising Money for Your New Venture

Getting your Stephenville business the capital it needs to succeed is not an easy task. To obtain business financing, you will need to hear a lot of rejections before you finally find a funding solution that works for you.

Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled Getting a Small Business Loan.

For Stephenville entrepreneurs with great ambition but a shortage of investment capital, check out our List of Texas Angel Investors and our List of Texas Venture Capital Firms.

Marketing Your New Startup

To grow your Stephenville business, having an excellent marketing plan is fundamental to your doing well.

You can learn quite a bit about marketing on our site. PR Versus Advertising discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just one of the many useful articles we have on Marketing a Small Business.

The Art of Selling

Mastering the art of selling is priority one if you want your new Stephenville business to do well.

The key to selling is to set sales goals goals and monitor your progress towards those goals. Fortunately, we've got plenty of good advice to help you improve your selling skills.

Sales Prospecting is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.

Moving Forward

Most new Stephenville businesses underestimate the number of challenges they will face.

If you choose the right business and love what you do, you will greatly increase your odds of success.

Our goal here is to promote the vitality and growth of small businesses in Stephenville and throughout the United States . We believe entrepreneurship is an amazing engine for job creation in Stephenville, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Stephenville, Texas

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

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