Oklahoma Business Startup Guides
Opening a Business in Sulphur, Oklahoma
Contemplating starting a business in Sulphur, Oklahoma? We walk you through the process of opening a business in Sulphur.
Are You Ready for the Challenges of Being an Entrepreneur?
Before announcing to the world that you are going to start your own business, consider your entrepreneurial instincts and capabilities.
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Grab a meal or cofee with other entrepreneurs in Sulphur. Listen closely to their experiences and see if you think you too can be successful.
- Take a look at Starting a Company. It's a short article but it's a good reality check for those are about to jump into the world of entrepreneurship.
- Talk it over with a close friend or partner. Ask them directly: Do I have what it takes to be an entrepreneur? Listen carefully to their answer, as they presumably know your strengths and weaknesses.
Sulphur, Oklahoma Demographic Information
Sulphur has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Sulphur demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Sulphur.
As a new Sulphur entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Sulphur 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.
Is Buying an Existing Sulphur Business a Good Strategy?
If you have some capital to play with, you may want to Buy a Business in Oklahoma. Follow that link and you may find several good businesses for sale in Sulphur.
If you are serious about buying a business, you may want to read this article: Buying a Business.
Forming a Company in Sulphur, Oklahoma
It's essential that you choose the right legal structure for your new entity. Doing so will insulate 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 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 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. To learn the fundamentals of company formation, browse articles on our site, such as Offshore Company Formation. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Sulphur, Oklahoma, our information on Incorporating in Oklahoma may be a useful resource if you decide to incorporate in Oklahoma.
Don't Skip the Business Plan
Having a business plan is vital in laying a solid foundation for your business success. In effect, 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.
If you want more information on writing business plans, we recommend reading Find Sample Business Plans Online. You can also get face-to-face free consulting available from your local SCORE chapter in Oklahoma.
Startup Financing Basics
Finding the funds to fuel the growth of your Sulphur business will be harder than you might expect. If you don't have a rich uncle to fund you, you'll need to be creative in how you approach your fundraising efforts.
Take advantage of our many articles on raising capital, such as SBIR Funding.
Never Give Up
You have a dream -- starting a business in Sulphur. To achieve your dream, you have to persevere, even when the odds are against you.
From this point on, you control your own destiny.
We are here to help Sulphur 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 Sulphur, Oklahoma
Here are more links that we believe will help you be successful in starting a business in Sulphur.
- Resources for Sulphur, Oklahoma Entrepreneurs - Browse a variety of resources we've collected to assist Sulphur entrepreneurs.
- Oklahoma Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Oklahoma.
- Oklahoma Small Business Development Center - Whether you are in business or thinking about it, the Oklahoma Small Business Development Center staff can assist you. Their goal is to help Oklahoma entrepreneurs like you be more successful.
More Business Startup Guides for Oklahoma
Share this article
Additional Resources for Entrepreneurs