August 8, 2020  
 
  Entrepreneurial Resources - Advice for Missouri Entrepreneurs  
  Tipton, Missouri Resources for Entrepreneurs  
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Opening a Business in Tipton, Missouri

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

Tipton, Missouri Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 1015
5-9 Employees 504
10-19 Employees 231
20-49 Employees 189
50-99 Employees 21
100-249 Employees 0
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Tipton Businesses 1960

As a new Tipton entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Tipton 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 2
Beauty Salons 1
Beer, Wine, and Liquor Stores 1
Cafeterias 1
Car Washes 1
Child Day Care Services 1
Convenience Stores 1
Direct Life Insurance Carriers 1
Electric Power Distribution 1
Engineering Services 1
Fitness and Recreational Sports Centers 1
Full-Service Restaurants 4
Funeral Homes and Funeral Services 1
Fur and Leather Apparel Manufacturing 1
General Automotive Repair 2
Golf Courses and Country Clubs 1
Homes for the Elderly 1
Insurance Agencies and Brokerages 4
Limited-Service Restaurants 2
Musical Instrument and Supplies Stores 1
New Car Dealers 2
Newspaper Publishers 1
Offices of Certified Public Accountants 2
Offices of Dentists 2
Offices of Lawyers 2
Periodical Publishers 1
Petroleum Bulk Stations and Terminals 1
Residential Remodelers 1
Siding Contractors 1
Site Preparation Contractors 1
Tax Preparation Services 1
Vending Machine Operators 1
Veterinary Services 1
Video Tape and Disc Rental 1
Wired Telecommunications Carriers 1
Wood Container and Pallet Manufacturing 1

Forming a Company in Tipton, Missouri

It's essential that your business is formed as a legal entity that is separate from its owners. Without a legal structure for the business, you can be held personally liable for the actions, debts and obligations of your company.

The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.

Incorporating is a very common way to legally create a business entity. 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 Missouri, it doesn't mean you are required to incorporate in Missouri. In fact, you can incorporate in any state you would like to. 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 basics of company formation, browse articles on our site, such as Getting an EIN. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Tipton, Missouri, our information on Incorporating in Missouri may be a useful resource if you decide to incorporate in Missouri.

Don't Skip the Business Plan

Having a business plan is vital in maximizing the prospects of your new company. In effect, a business plan is a written description of the future you envision for your business. Failure to write a business plan makes you more prone to becoming a business failure statistic.

To learn more about business plans, read Business Plan Contests. You should also take advantage of free business counselors available to you through your local SCORE chapter in Missouri.

Raising Money for Your New Venture

Getting your Tipton business the capital it needs to succeed will be harder than you might expect. If you don't have a rich uncle to fund you, you'll need to be creative in how you approach your fundraising efforts.

To learn about raising money, we recommend you read the fundraising articles on our site, such as Borrowing Money from Friends and Family.

For Tipton entrepreneurs on the hunt for startup funding, we have assembled a List of Missouri Angel Investors and our List of Missouri Venture Capital Firms.

Getting the Word Out About Your New Business

To rise above the crowd in Tipton and build your business, having an excellent marketing plan is fundamental to your beating the competition.

You can learn a ton about marketing on our site. Pros and Cons of Advertising is an article that will generate a few thoughts on your marketing plan. That's just one of the many useful articles we have on Marketing a Small Business.

Advancing Your Entrepreneurial Skills

The best entrepreneurs recognize that they don't know everything.

As an entrepreneur who lives in Tipton, Missouri, you will want to take advantage of the many programs available at nearby Missouri universities, colleges and community colleges. It's also worthwhile to see if there are any networking groups or organizations in which Tipton entrepreneurs get together to network and trade their business experiences.

Next Steps

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

If you choose the right business and love what you do, you will greatly increase your odds of success.

Our goal here is to promote the vitality and growth of small businesses in Tipton and throughout the United States . We want to be there for you to answer your business questions, whether you are a new Tipton entrepreneur who is just getting started or you are already up and running with your new venture.

More Entrepreneurial Resources for Starting a Business in Tipton, Missouri

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

 

 

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