August 3, 2020  
 
  Entrepreneurial Resources - Advice for Texas Entrepreneurs  
  Throckmorton, Texas Resources for Entrepreneurs  
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Starting a Business in Throckmorton, Texas

Thinking about starting a business in Throckmorton, Texas? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Throckmorton.

Throckmorton, Texas Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 81
5-9 Employees 36
10-19 Employees 9
20-49 Employees 6
50-99 Employees 0
100-249 Employees 0
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Throckmorton Businesses 132

As a new Throckmorton entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Throckmorton 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
Automotive Parts and Accessories Stores 1
Claims Adjusting 3
Couriers 1
Electric Power Distribution 1
Electrical Contractors 1
Full-Service Restaurants 3
General Medical and Surgical Hospitals 1
Home Health Care Services 1
Nursing Care Facilities 1
Pet Care (except Veterinary) Services 1
Site Preparation Contractors 2
Title Abstract and Settlement Offices 1
Veterinary Services 1

Have You Considered Buying an Existing Throckmorton Business?

An excellent way to get started in business is to Buy a Business in Texas. Follow that link and you may find several good businesses for sale in Throckmorton.

If you are serious about buying a business, you may want to read this article: Buying a Business.

Company Formation in Throckmorton, Texas

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 pick from 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. Of course, you have to decide which type of corporation to form and where to incorporate. Just because you are starting a business in Texas, you don't necessarily have to incorporate in Texas. 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's a lot to know about forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Getting an EIN. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Throckmorton, Texas, our web page covering Incorporating in Texas may be a useful resource if you decide to incorporate in Texas.

Do You Need a Business Plan?

A business plan is critical to the health of your new business. Indeed, a business plan describes what you plan to do with the business and how you plan to do it. Not having a business plan is a recipe for disaster.

To learn more about business plans, read Expert Advice on Business Plans. You should also take advantage of free business counselors available to you through your local SCORE chapter in Texas.

Where to Get Money to Start a Company

Raising money to fund your new Throckmorton 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.

To learn about raising money, we recommend you read the fundraising articles on our site, such as Choosing VC Firms.

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

The Art of Selling

Do you know how to sell? In order to attract customers to your new Throckmorton business, you need to focus on sales.

Clever sales techniques can transform any business from good to great. Fortunately, we've got plenty of good advice to help you improve your selling skills.

Good Sales Strategies is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.

Never Give Up

As an entrepreneur in Throckmorton, you won't be working for the boss anymore. You are the boss.

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

We are here to help Throckmorton businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Throckmorton, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Throckmorton, Texas

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

 

 

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