January 24, 2021  
 
  Entrepreneurial Resources - Advice for Oklahoma Entrepreneurs  
  Stroud, Oklahoma Resources for Entrepreneurs  
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Start a Business in Stroud, Oklahoma

Are you starting a business in Stroud, Oklahoma? This article discusses the most important things to consider when opening a business in Stroud.

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.

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 a Guardians & Conservators Business guide or our Opening an Iron & Steel Stairs Business guide.

Don't forget that you are starting a business in Stroud. The business you want to start may already be well-represented in Stroud. Study Stroud demographics and do a competitive analysis as part of your startup planning process.

Stroud, Oklahoma Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 170
5-9 Employees 48
10-19 Employees 36
20-49 Employees 27
50-99 Employees 12
100-249 Employees 6
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Stroud Businesses 299

As a new Stroud entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Stroud 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
Automotive Parts and Accessories Stores 2
Casinos (except Casino Hotels) 1
Child Day Care Services 5
Community Food Services 1
Drinking Places (Alcoholic Beverages) 1
Electrical Contractors 1
Engineering Services 1
Farm Supplies Merchant Wholesalers 1
Finish Carpentry Contractors 1
Florists 1
Full-Service Restaurants 3
Furniture Stores 1
General Automotive Repair 1
General Freight Trucking, Local 2
Hardware Stores 1
Hazardous Waste Collection 1
Home Health Care Services 1
Home Health Equipment Rental 1
Insurance Agencies and Brokerages 3
Limited-Service Restaurants 4
Machine Shops 1
Masonry Contractors 1
Materials Recovery Facilities 1
Newspaper Publishers 1
Nursing Care Facilities 1
Offices of Certified Public Accountants 1
Offices of Dentists 2
Offices of Lawyers 3
Offices of Optometrists 1
Pharmacies and Drug Stores 2
Photography Studios, Portrait 1
Roofing Contractors 1
Sheet Metal Work Manufacturing 1
Site Preparation Contractors 1
Sports and Recreation Instruction 1
Tobacco Stores 1
Used Car Dealers 1
Used Merchandise Stores 1
Vending Machine Operators 1
Veterinary Services 1

Have You Considered Buying an Existing Stroud Business?

An excellent way to get started in business is to Buy a Business in Oklahoma. Follow that link and you may find several good businesses for sale in Stroud.

For anybody who wants to buy a business, we recommend reading this useful article: How to Buy a Business.

Forming a Company in Stroud, Oklahoma

It's essential 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 common way to legally create a business entity. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in Oklahoma, you don't necessarily have to incorporate in Oklahoma. 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 Avoiding Personal Liability in Business. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Stroud, Oklahoma, our web page covering Incorporating in Oklahoma may be a useful resource if you decide to incorporate in Oklahoma.

Marketing Your New Venture

Whether your goal is to attract Stroud customers or you plan on selling elsewhere, you'll need to have a good marketing plan.

There are myriad resources on this site to help you with your marketing plan. Internet Advertising is an article that will stimulate a few thoughts on your marketing plan. That's just a taste of the many useful articles we have on Marketing a Small Business.

Bring in Revenues

Do you know how to sell? In order to attract customers to your new Stroud business, you need to focus on sales.

So what does it take to bring in more prospects and close more business? The good news is we can help you to make selling a big competitve advantage for your new firm.

Anticipating Prospect Responses is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.

Next Steps

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

From this point on, you control your own destiny.

We are here to help Stroud businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Stroud, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Stroud, Oklahoma

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

 

 

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