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.
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.
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.
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.
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.
- Resources for Stephenville, Texas Entrepreneurs - Browse a variety of resources we've collected to assist Stephenville entrepreneurs.
- Texas Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Texas.
- Houston, Texas Small Business Development Center - Serving 32 counties in Southeast Texas through 14 business consulting and training centers, the Small Business Development Center Network contributes to the growth and prosperity of the Texas Gulf Coast communities.
- North Texas Small Business Development Center - The NTSBDC Network promotes small business success by providing management education.
- Northwest Texas Small Business Development Center - The Northwest Texas Small Business Development Center was established with Texas Tech University in 1986. This regional program serves over ninety thousand square miles including ninety-five counties with a population base of approximately 1.8 million people. This region is serviced by six centers located in Lubbock, Amarillo, Midland/Odessa, Abilene, Stephenville, and Wichita Falls.
- South-West Texas Border SBDC Network Texas Small Business Development Center - The South-West Texas Border Small Business Development Center (SBDC) provides consulting and technical assistance to the small business community.
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