August 3, 2020  
 
  Entrepreneurial Resources - Advice for Texas Entrepreneurs  
  Taft, Texas Resources for Entrepreneurs  
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Opening a Business in Taft, Texas

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

Do You Have What It Takes?

Before announcing to the world that you are going to start your own business, assess your entrepreneurial instincts and capabilities.

Because entrepreneurship is not for everyone, we recommend you do the following to help you assess whether you should move forward with starting a business:

  • Talk to other entrepreneurs in Taft. Get their candid feedback on what it takes to start a successful business.
  • We recommend reading Should You Become an Entrepreneur?. For aspiring new entrepreneurs, it's a must read article.
  • Have a candid conversation with friends and family. A support network of family and friends can be a great sounding board for good advice before you decide for sure to go into business.

Choosing the Right Company to Start

An important decision is what kind of business you want to start. If you are struggling with what type of business to start, read Finding Your Niche in Life.

For in-depth how-to guides on how to start specific businesses, browse our Good Businesses to Start section of our site. For example, you might be interested in our Starting a Crude Oil Purchasing Business guide or our Opening a Stenciling & Designing Business guide.

Don't forget that your new startup will be located in Taft. Some businesses will do better in Taft than others. Study Taft demographics and do a competitive analysis as part of your startup planning process.

Taft, Texas Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 555
5-9 Employees 360
10-19 Employees 135
20-49 Employees 15
50-99 Employees 0
100-249 Employees 15
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Taft Businesses 1080

As a new Taft entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Taft 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
Ambulance Services 1
Automotive Parts and Accessories Stores 1
Building Inspection Services 1
Business Associations 2
Convenience Stores 1
Electrical Contractors 1
Farm Supplies Merchant Wholesalers 4
Finish Carpentry Contractors 1
Fitness and Recreational Sports Centers 1
Full-Service Restaurants 2
Funeral Homes and Funeral Services 1
General Automotive Repair 1
General Freight Trucking, Local 1
Heating Oil Dealers 1
Industrial Building Construction 1
Insurance Agencies and Brokerages 1
Limited-Service Restaurants 3
Local Messengers and Local Delivery 1
Metal Tank (Heavy Gauge) Manufacturing 1
Nursing Care Facilities 1
Offices of Certified Public Accountants 2
Offices of Dentists 1
Pharmacies and Drug Stores 2
Tire Dealers 1
Veterinary Services 1
Water Supply and Irrigation Systems 1

What About Buying an Existing Taft Business?

If you have some capital to play with, you may want to Buy a Business in Texas. Follow that link and you might discover several good businesses for sale in Taft.

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

Naming the Business

A good company name can give a big boost to a new startup. It might seem like an easy thing to do, but there are many things to consider when naming a business.

Companies like Starbucks, Apple, Target, Microsoft and Intuit all have strong company names that are easy to remember and have become well-loved brands. Wouldn't it be nice if your new company name got on a similar track?

Numerous company naming issues are discussed in more detail in this article: Branding Advice.

As a final piece of advice, remember that because you are opening a business in Taft, it's very important that you make sure no other Texas company is using the business name you want to use.

Advancing Your Entrepreneurial Skills

Good entrepreneurs recognize that they need to continually improve.

With your business being located in Taft, Texas, you will want to take advantage of the many programs available at nearby Texas universities, colleges and community colleges. It's also beneficial to see if there are any networking organizations for Taft entrepreneurs.

Now It's Up To You

You have a dream -- starting a business in Taft. To achieve your dream, you have to persevere, even when the odds are against you.

Owning your own business will be a daunting task, but you can do it.

This site is all about helping entrepreneurs in Taft and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Taft, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Taft, Texas

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

 

 

Additional Resources for Entrepreneurs

Buying a Business

Writing a Business Plan

Raising Money

Incorporate

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Customer Service Tips

Entrepreneurial Selling

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