January 24, 2021  
 
  Entrepreneurial Resources - Advice for Mississippi Entrepreneurs  
  Taylorsville, Mississippi Resources for Entrepreneurs  
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Opening a Business in Taylorsville, Mississippi

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

What Type of Business Should You Start?

Choosing a business that is right for you is very important. If you are struggling with what type of business to start, read Good Business Ideas.

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 Opening an Upholstery Fabrics Retailer guide or our Starting an Internet Training Services Business guide.

Don't forget that you are starting a business in Taylorsville. The business you want to start may already be well-represented in Taylorsville. Only by spending some time analyzing Taylorsville demographics can you decide if there will be strong demand for your business idea.

Taylorsville, Mississippi Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 1043
5-9 Employees 168
10-19 Employees 273
20-49 Employees 147
50-99 Employees 84
100-249 Employees 84
250-499 Employees 21
500-999 Employees 0
1000+ Employees 0
All Taylorsville Businesses 1820

As a new Taylorsville entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Taylorsville 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
Appliance Repair and Maintenance 1
Automotive Parts and Accessories Stores 1
Cemeteries and Crematories 1
Child Day Care Services 1
Coin-Operated Laundries and Drycleaners 1
Computer Systems Design Services 1
Electric Power Distribution 3
Elementary and Secondary Schools 1
Engineering Services 1
Florists 1
Food Service Contractors 1
Full-Service Restaurants 1
Funeral Homes and Funeral Services 1
General Automotive Repair 1
General Freight Trucking, Local 1
Insurance Agencies and Brokerages 2
Janitorial Services 1
Landscaping Services 3
Libraries and Archives 1
Limited-Service Restaurants 1
Logging 2
Meat Markets 1
Meat Processed from Carcasses 1
New Car Dealers 1
Newspaper Publishers 1
Offices of Lawyers 1
Pharmacies and Drug Stores 1
Ready-Mix Concrete Manufacturing 1
Roofing Contractors 1
Sawmills 2
Sign Manufacturing 1
Tax Preparation Services 2
Tire Dealers 1
Veterinary Services 1
Video Tape and Disc Rental 2
Water Supply and Irrigation Systems 1
Wired Telecommunications Carriers 1

Should You Franchise?

As you drive around Taylorsville, you may be surprised to see how many franchises there are in the area. But is franchising the right option for you?

We advise the entrepreneurs we work with to investigate buying a franchise. We have many articles on franchises, such as Franchisees Versus Licensees. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.

To learn about specific franchise opportunities, check out our Franchise Directory.

Representative franchise opportunities include Ritter's Frozen Custard and California Closet Company, Inc.. Alternatively, you can browse franchise categories, such as Seafood Restaurant Franchises and Baby Franchises.

Note on Taylorsville Franchise Opportunities: To find out if a franchise you are interested in is available in Taylorsville, you will need to get in direct contact with the franchisor.

Forming a Company in Taylorsville, Mississippi

A critical step is ensuring that you choose the right legal structure for your new entity. Doing so will protect 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.

Incorporation is a very popular way to form a business. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in Mississippi, it doesn't mean you are required to incorporate in Mississippi. In fact, you are allowed to incorporate wherever you want. 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. We recommend you read some of the educational articles about company formation that are availabe on our site, such as C Corp Versus S Corp. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Taylorsville, Mississippi, our web page covering Incorporating in Mississippi may be a useful resource if you decide to incorporate in Mississippi.

Getting Money to Start a Business

Obtaining startup financing for your Taylorsville business will be harder than you might expect. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.

Take advantage of our many articles on raising capital, such as Getting a Small Business Loan.

For Taylorsville entrepreneurs who want to raise money for a new venture, you'll want to take a look at our List of Mississippi Angel Investors and our List of Mississippi Venture Capital Firms.

Selling Tips

Mastering the art of selling is essential if you want your new Taylorsville business to do well.

Good selling involves demonstrating that your wares meet your customer's needs. The good news is we can help you to make selling a big competitve advantage for your new firm.

Compensating Sales People is worth reading, as it may give you some good ideas on how to sell your products or services. We have many more good articles on selling that you may enjoy reading.

Increase Your Entrepreneurial Knowledge

The best business owners recognize that what they know now may not be enough to ensure their future success.

Given that you are starting a business in Taylorsville, Mississippi, you should check out some of the many programs available at nearby Mississippi universities, colleges and community colleges. Another way to keep up on your entrepreneurial education is to investigate networking organizations for Taylorsville entrepreneurs.

What's Next?

Most new Taylorsville 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.

This site is all about helping entrepreneurs in Taylorsville and elsewhere to achieve real success. 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 Taylorsville, Mississippi

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

 

 

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