Texas Business Startup Guides
Open a Business in Temple, Texas
Need help starting a business in Temple, Texas? We've got the information you need to open a business in Temple.
What Business 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 Free 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 a Sample Cases, Cards, & Books Business guide or our Starting a Non Emergency Ambulance Services Business guide.
Remember that your new startup will be located in Temple. Some businesses will do better in Temple than others. Only by spending some time analyzing Temple demographics can you decide if there will be strong demand for your business idea.
Temple, Texas Demographic Information
Temple has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Temple demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Temple.
Businesses
As a new Temple entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Temple 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.
Businesses
What About Franchising Opportunities?
As you drive around Temple, you'll notice that many local entrepreneurs have gone the franchising route. But is franchising the right option for you?
Our advice is to evaluate the possibility of your buying a franchise opportunity. We have many articles on franchises, such as Common Franchisee Mistakes. Become a franchising expert of sorts by reading more of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Sample franchise opportunities include Truly Nolen of America and Barnie's Coffee & Tea Co.. Alternatively, you can browse franchise categories, such as Gift Items Franchises and Auto Sales Franchises.
Note on Temple Franchise Opportunities: To find out if a franchise you are interested in is available in Temple, you will need to get in direct contact with the franchisor.
Have You Considered Buying an Existing Temple Business?
We've created a useful website page for those who want to Buy a Business in Texas. Follow that link and you may find several good businesses for sale in Temple.
For anybody who wants to buy a business, we recommend reading this useful article: How to Buy a Business.
Naming the Company
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.
Even if the name doesn't do it by itself, many naming experts believe there should be a story behind the name that ties into your company mission.
For other considerations regarding naming a company, we recommend this article: Naming a Company.
As a final piece of advice, remember that because you are opening a business in Temple, it's very important that you make sure your company name has not already been claimed by another Texas business.
Forming a Company in Temple, Texas
A critical step is ensuring 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 corporation, LLC, sole proprietorship, partnership or other structure.
Incorporation is a very popular way to form a business. A key decision is whether to form and S-Corp or a C-Corp, and you also must decide in which state you will incorporate. If you are starting a business in Texas, it doesn't mean you are required to incorporate in Texas. In fact, you are allowed to incorporate in the state of your choosing. For example, it's very popular to incorporate in Delaware, and incorporating in Nevada has become very trendy as well. Don't forget, though, that you will have to register as a foreign entity in all states that you do business in.
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 Incorporation Advice. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Temple, Texas, our web page covering Incorporating in Texas may be a useful resource if you decide to incorporate in Texas.
Next Steps
You have a dream -- starting a business in Temple. To achieve your dream, you have to persevere, even when the odds are against you.
From this point on, you control your own destiny.
This site is all about helping entrepreneurs in Temple 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 Temple, Texas
Here are more links that we believe will help you be successful in starting a business in Temple.
- Resources for Temple, Texas Entrepreneurs - Browse a variety of resources we've collected to assist Temple 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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