January 16, 2021  
 
  Entrepreneurial Resources - Advice for Oklahoma Entrepreneurs  
  Waurika, Oklahoma Resources for Entrepreneurs  
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Starting a Business in Waurika, Oklahoma

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

What Business to Start

An important decision is what kind of business you want to start. To help you decide on a business type, we encourage you to 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 Starting a Disability Insurance Business guide or our Opening a Water Coolers & Fountains Equipment & Supplies Business guide.

Always keep in mind that you are starting a business in Waurika. Some businesses will do better in Waurika than others. Study Waurika demographics and do a competitive analysis as part of your startup planning process.

Waurika, Oklahoma Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 102
5-9 Employees 21
10-19 Employees 32
20-49 Employees 15
50-99 Employees 0
100-249 Employees 0
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Waurika Businesses 170

As a new Waurika entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Waurika 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
Child Day Care Services 1
Consumer Lending 1
Family Clothing Stores 1
Full-Service Restaurants 4
Funeral Homes and Funeral Services 1
General Automotive Repair 1
Home Health Care Services 1
Insurance Agencies and Brokerages 5
Leather and Hide Tanning and Finishing 1
Limited-Service Restaurants 2
Metal Stamping 1
Natural Gas Distribution 1
New Car Dealers 1
Newspaper Publishers 1
Offices of Dentists 1
Offices of Lawyers 2
Petroleum Bulk Stations and Terminals 1
Pharmacies and Drug Stores 1
Ready-Mix Concrete Manufacturing 1
Title Abstract and Settlement Offices 1
Veterinary Services 1
Wholesale Trade Agents and Brokers 1

Is Franchising a Better Option?

As you drive around Waurika, you'll conclude that many business owners have opted to buy a franchise, rather than starting a business on their own. But is franchising the right option for you?

We highly recommend you look into purchasing a franchise. On our site, you can read many articles about franchising, such as Understanding Franchise Contracts. 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.

Sample franchise opportunities include Spectrum Home Services and Doody Calls. Alternatively, you can browse franchise categories, such as Retail Franchises and Frozen Yogurt Franchises.

Note on Waurika Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Waurika.

Don't Forget to Create a Business Plan

A business plan is essential in maximizing the prospects of your new company. Indeed, a business plan is a written description of the future you envision for your business. Failure to write a business plan is a recipe for disaster.

Before you start writing a business plan, we suggest you skim Business Plan Outsourcing. You can also get free business counselors available to you through your local SCORE chapter in Oklahoma.

Startup Financing Basics

Finding the funds to fuel the growth of your Waurika business is not an easy task. 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 504 Loans.

For Waurika entrepreneurs with great ambition but a shortage of investment capital, we have assembled a List of Oklahoma Angel Investors and our List of Oklahoma Venture Capital Firms.

Marketing Your New Company

To rise above the crowd in Waurika and build your business, having an excellent marketing plan is fundamental to your business achieving its goals.

There are myriad resources on this site to help you with your marketing plan. Making the Most of Trade Shows is a good read to get your marketing juices flowing. That's just a sampling of the many useful articles we have on Marketing a Small Business.

Next Steps

You have a dream -- starting a business in Waurika. To achieve your dream, you have to persevere, even when the odds are against you.

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

We are here to help Waurika 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 Waurika, Oklahoma

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

 

 

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