Texas Business Startup Guides
Open a Business in Whitesboro, Texas
Need help starting a business in Whitesboro, Texas? We've got the information you need to open a business in Whitesboro.
Are You Sure You Want to Do This?
Most new ventures do not succeed, in part because the entrepreneur did not have the tenacity and/or the skills to succeed. So, before you start your business, consider all of the implications of being an entrepreneur.
Here are three things we recommend you do before you fully commit to starting a new business of your own.
- Grab a meal or cofee with other entrepreneurs in Whitesboro. Ask them candidly what it's like to run a business.
- Take a look at Business Failure. It's a short article but it's a good reality check for those are about to jump into the world of entrepreneurship.
- Involve a spouse, family member or trusted friend in the decision. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
What Business to Start
An important decision is what kind of business you want to start. We recommend that you 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 Opening an Elder Law Attorneys Firm guide or our How to Start an Estate Appraisal & Sales Business guide.
Don't forget that starting a business in Whitesboro has some implications. Some businesses will do better in Whitesboro than others. Study Whitesboro demographics and do a competitive analysis as part of your startup planning process.
Whitesboro, Texas Demographic Information
Whitesboro has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Whitesboro demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Whitesboro.
As a new Whitesboro entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Whitesboro 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.
Have You Considered Buying an Existing Whitesboro 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 Whitesboro.
If you are serious about buying a business, you may want to read this article: How to Buy a Business.
Naming the Company
A big decision when starting a company is choosing a company name. Believe it or not, choosing a good company name can be a big contributor to your business success.
Pick a company name that isn't too generic. If you do a search engine search for your proposed name and a billion results come up, you may want to reconsider the name. It's much easier to come up in the search engines when your name is fairly unique.
To get up to speed on what makes for a good company name, we encourage you to read this useful article: Branding Advice.
On a final note, given that you are planning on starting a business in Whitesboro, it's imperative that you check now that no other Texas company is using the business name you want to use.
Forming a Company in Whitesboro, Texas
A critical step is ensuring that you form your business as a legal structure. Doing so will shield you from personal liability for business debts and obligations.
The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporation is a very common way to legally create a business entity. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in Texas, you don't necessarily have to incorporate in Texas. 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 Where to Incorporate. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Whitesboro, Texas, our information on Incorporating in Texas may be a useful resource if you decide to incorporate in Texas.
Marketing Your New Venture
To grow your Whitesboro business, having an excellent marketing plan is fundamental to your beating the competition.
You can learn quite a bit about marketing on our site. Avoiding Bad Product Launches 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 taste of the many useful articles we have on Marketing a Small Business.
Most new Whitesboro businesses underestimate the number of challenges they will face.
Owning your own business will be a daunting task, but you can do it.
This site is all about helping entrepreneurs in Whitesboro 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 Whitesboro, Texas
Here are more links that we believe will help you be successful in starting a business in Whitesboro.
- Resources for Whitesboro, Texas Entrepreneurs - Browse a variety of resources we've collected to assist Whitesboro 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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