Texas Business Startup Guides
Starting a Business in Wimberley, Texas
Thinking about starting a business in Wimberley, Texas? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Wimberley.
What Business Are You Starting?
Choosing a business that is right for you is very important. If you are struggling with what type of business to start, 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 United Church of Christ Church guide or our Starting a Bowling Alley guide.
Remember that starting a business in Wimberley has some implications. The business you want to start may already be well-represented in Wimberley. Only by spending some time analyzing Wimberley demographics can you decide if there will be strong demand for your business idea.
Wimberley, Texas Demographic Information
Wimberley has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Wimberley demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Wimberley.
Businesses
As a new Wimberley entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Wimberley 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.
Businesses
Choosing a Company Name
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.
We strongly advocate that you make sure the ".com" domain name is available for your company name. Every business needs a strong Web presence these days, and having a non ".com" domain means somebody else may outrank you in the search results for your own company name.
For other considerations regarding naming a company, we recommend this article: Naming a Company.
On a final note, given that you are planning on starting a business in Wimberley, it's imperative that you check now that no other Texas company is using the business name you want to use.
Company Formation in Wimberley, Texas
It's very important 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 corporation, LLC, sole proprietorship, partnership or other structure.
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 are allowed to incorporate in any state you would like to. For example, it's very popular to incorporate in Delaware, and incorporating in Nevada has become very trendy as well. Don't forget, though, that you will have to register as a foreign entity in all states that you do business in.
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 Company Formation. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Wimberley, Texas, our information on Incorporating in Texas may be a useful resource if you decide to incorporate in Texas.
Don't Skip the Business Plan
A business plan is vital to the health of your new business. Simply put, 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.
If you want more information on writing business plans, we recommend reading Business Plan Contests. A great resource for business planning assistance is the face-to-face free consulting available from your local SCORE chapter in Texas.
Marketing Your New Venture
To grow your Wimberley business, you'll need to have a good marketing plan.
There are myriad resources on this site to help you with your marketing plan. Advertising on the Web discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just one of the many useful articles we have on Marketing a Small Business.
The Art of Selling
Mastering the art of selling is a must if you want your new Wimberley business to do well.
The key to selling is to set sales goals goals and monitor your progress towards those goals. Fortunately, we've got plenty of good advice to help you improve your selling skills.
Compensating Sales People is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.
Next Steps
Most new Wimberley businesses underestimate the number of challenges they will face.
From this point on, you control your own destiny.
This site is all about helping entrepreneurs in Wimberley and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Wimberley, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Wimberley, Texas
Here are more links that we believe will help you be successful in starting a business in Wimberley.
- Resources for Wimberley, Texas Entrepreneurs - Browse a variety of resources we've collected to assist Wimberley 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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