October 1, 2020  
 
  Entrepreneurial Resources - Advice for Louisiana Entrepreneurs  
  Thibodaux, Louisiana Resources for Entrepreneurs  
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Opening a Business in Thibodaux, Louisiana

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

Which Business to Choose?

An important decision is what kind of business you want to start. To stir your creative juices on what kind of business to start, take a look at Free Business Ideas.

If you still are not sure what type of business to start, peruse the Good Businesses to Start section of our site. For example, you might be interested in our Starting a Bakers' Equipment, Supplies, & Service Business guide or our Starting an Air Freshener Business guide.

Remember that starting a business in Thibodaux has some implications. If Thibodaux already has plenty of the kind of business you want to start, you might want to change your plans. Make sure you fully understand Thibodaux demographics before you lock in on your business idea.

Thibodaux, Louisiana Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 1337
5-9 Employees 606
10-19 Employees 318
20-49 Employees 198
50-99 Employees 81
100-249 Employees 6
250-499 Employees 6
500-999 Employees 6
1000+ Employees 0
All Thibodaux Businesses 2558

As a new Thibodaux entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Thibodaux 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
Architectural Services 6
Automobile Driving Schools 1
Automotive Exhaust System Repair 1
Automotive Glass Replacement Shops 3
Automotive Parts and Accessories Stores 9
Baked Goods Stores 2
Barber Shops 1
Beauty Salons 4
Beer and Ale Merchant Wholesalers 1
Book Stores 3
Bowling Centers 1
Building Inspection Services 2
Business Associations 4
Cable and Other Program Distribution 2
Casino Hotels 1
Caterers 1
Cemeteries and Crematories 1
Child and Youth Services 1
Child Day Care Services 11
Children's and Infants' Clothing Stores 1
Civic and Social Organizations 3
Clothing Accessories Stores 1
Coin-Operated Laundries and Drycleaners 1
Collection Agencies 3
Commercial Lithographic Printing 1
Computer and Software Stores 1
Computer Systems Design Services 2
Consumer Lending 16
Convenience Stores 6
Court Reporting and Stenotype Services 2
Credit Unions 2
Curtain and Drapery Mills 1
Custom Computer Programming Services 1
Direct Life Insurance Carriers 3
Directory and Mailing List Publishers 1
Display Advertising 1
Drilling Oil and Gas Wells 1
Drinking Places (Alcoholic Beverages) 13
Drywall and Insulation Contractors 2
Electric Power Distribution 1
Electrical Contractors 8
Elementary and Secondary Schools 5
Employment Placement Agencies 1
Engineering Services 9
Environmental Consulting Services 1
Exterminating and Pest Control Services 1
Facilities Support Services 1
Family Clothing Stores 3
Family Planning Centers 1
Farm Supplies Merchant Wholesalers 3
Fine Arts Schools 1
Finish Carpentry Contractors 1
Fish and Seafood Markets 1
Fish and Seafood Merchant Wholesalers 1
Fitness and Recreational Sports Centers 4
Floor Covering Stores 2
Flooring Contractors 6
Florists 3
Food (Health) Supplement Stores 2
Food Service Contractors 3
Formal Wear and Costume Rental 1
Framing Contractors 1
Fruit and Vegetable Markets 1
Full-Service Restaurants 17
Funeral Homes and Funeral Services 2
Furniture Merchant Wholesalers 1
Furniture Stores 3
General Automotive Repair 10
General Freight Trucking, Local 2
General Medical and Surgical Hospitals 1
General Rental Centers 3
Gift, Novelty, and Souvenir Stores 1
Golf Courses and Country Clubs 1
Grantmaking Foundations 1
Graphic Design Services 2
Hardware Stores 1
Hazardous Waste Collection 1
Home Centers 1
Home Furnishing Merchant Wholesalers 1
Home Health Care Services 3
Home Health Equipment Rental 1
Homes for the Elderly 2
Household Appliance Stores 2
Industrial Launderers 1
Inland Water Freight Transportation 1
Insurance Agencies and Brokerages 25
Janitorial Services 2
Jewelry Stores 3
Kidney Dialysis Centers 1
Landscaping Services 8
Lessors of Other Real Estate Property 4
Limited-Service Restaurants 24
Locksmiths 1
Manufactured (Mobile) Home Dealers 1
Masonry Contractors 5
Meat Markets 1
Men's Clothing Stores 1
Mortgage and Nonmortgage Loan Brokers 2
Motor Vehicle Towing 4
Museums 1
Musical Instrument and Supplies Stores 1
Musical Instrument Manufacturing 1
Nail Salons 1
Natural Gas Distribution 1
New Car Dealers 4
New Housing Operative Builders 2
Newspaper Publishers 1
Nursing Care Facilities 2
Office Equipment Merchant Wholesalers 1
Office Supplies and Stationery Stores 2
Offices of Certified Public Accountants 7
Offices of Chiropractors 4
Offices of Dentists 20
Offices of Lawyers 30
Offices of Optometrists 3
Offices of Real Estate Appraisers 2
Packing and Crating 1
Paint and Wallpaper Stores 1
Painting and Wall Covering Contractors 7
Payroll Services 1
Pet and Pet Supplies Stores 1
Petroleum Bulk Stations and Terminals 3
Pharmacies and Drug Stores 4
Photography Studios, Portrait 3
Pipeline Transportation of Natural Gas 1
Political Organizations 1
Public Relations Agencies 1
Quick Printing 1
Radio Stations 1
Real Estate Credit 1
Remediation Services 1
Residential Remodelers 2
Sales Financing 1
Savings Institutions 1
Sawmills 1
Securities Brokerage 3
Septic Tank and Related Services 2
Sewage Treatment Facilities 2
Shoe Stores 3
Site Preparation Contractors 4
Snack and Nonalcoholic Beverage Bars 5
Sporting Goods Stores 2
Sugarcane Mills 1
Tax Preparation Services 1
Taxi Service 2
Telephone Answering Services 1
Temporary Help Services 2
Testing Laboratories 1
Tile and Terrazzo Contractors 1
Tire Dealers 4
Tobacco Stores 2
Travel Agencies 2
Used Merchandise Stores 2
Veterinary Services 5
Video Tape and Disc Rental 2
Vocational Rehabilitation Services 1
Warehouse Clubs and Supercenters 1
Wholesale Trade Agents and Brokers 1
Window Treatment Stores 1
Wired Telecommunications Carriers 2
Women's Clothing Stores 4

Forming a Company in Thibodaux, Louisiana

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 select one of many company types, such as a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.

Incorporating 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 Louisiana, it doesn't mean you are required to incorporate in Louisiana. In fact, you can 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. 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 attorney. On a final note, since you will be starting a business in Thibodaux, Louisiana, our web page covering Incorporating in Louisiana may be a useful resource if you decide to incorporate in Louisiana.

Raising Money for Your New Venture

Raising money to fund your new Thibodaux business requires strong organization skills and perseverance. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.

To learn about raising money, we recommend you read the fundraising articles on our site, such as Angel Investors.

For Thibodaux entrepreneurs who need startup capital, check out our List of Louisiana Angel Investors and our List of Louisiana Venture Capital Firms.

Getting the Word Out About Your New Business

To grow your Thibodaux business, you need a excellent marketing plan.

We have some great resources on this site for entrepreneurs who are working on marketing plans. Telemarketing Service Costs discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just a sampling of the many useful articles we have on Marketing a Small Business.

Advancing Your Entrepreneurial Skills

Good entrepreneurs recognize that they need to continually improve.

Given that you are starting a business in Thibodaux, Louisiana, you should investigate some of the many programs available at nearby Louisiana universities, colleges and community colleges. You should also check if there are any networking groups or organizations in which Thibodaux entrepreneurs get together to network and trade their business experiences.

Now It's Up To You

Most new Thibodaux businesses underestimate the number of challenges they will face.

From this point on, you control your own destiny.

We are here to help Thibodaux 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 Thibodaux, Louisiana

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

 

 

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