Texas Business Startup Guides
Starting a Business in Childress, Texas
Thinking about starting a business in Childress, Texas? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Childress.
Are You Sure You Want to Do This?
Running your own business is difficult, much more arduous than working as an employee. Are you sure you are ready to take on this challenge?
Here are three things we recommend you do before you fully commit to starting a new business of your own.
- Talk to other entrepreneurs in Childress. Ask them candidly what it's like to run a business.
- We recommend reading Should You Become an Entrepreneur?. For aspiring new entrepreneurs, it's a must read article.
- Have a candid conversation with friends and family. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
Childress, Texas Demographic Information
Childress has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Childress demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Childress.
Businesses
As a new Childress entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Childress 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
Should You Buy an Existing Childress Business?
An excellent way to get started in business is to Buy a Business in Texas. Follow that link and you can review several good businesses for sale in Childress.
Before buying a business, be sure to read this article: Buying a Business.
Naming the Business
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.
Company names need to be easy to spell, easy to pronounce, and easy to remember.
To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Company.
As a final piece of advice, remember that because you are opening a business in Childress, it's critical that you ensure that no other Texas company is using the business name you want to use.
Forming a Company in Childress, Texas
It's very important that you are forming a legal entity that operates independently from you. 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.
Incorporating is a very popular way to form a business. 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 Texas, it doesn't mean you are required to incorporate in Texas. As it turns out, you can incorporate in the state of your choosing. 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. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Corporate Formalities. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Childress, Texas, our information on Incorporating in Texas may be a useful resource if you decide to incorporate in Texas.
Startup Financing Basics
Getting your Childress business the capital it needs to succeed is a difficult chore. If you don't have a rich uncle to fund you, you'll need to be creative in how you approach your fundraising efforts.
Take advantage of our many articles on finding startup capital, such as Business Credit Evaluation.
For Childress entrepreneurs with great ambition but a shortage of investment capital, we have assembled a List of Texas Angel Investors and our List of Texas Venture Capital Firms.
Next Steps
As an entrepreneur in Childress, 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.
This site is all about helping entrepreneurs in Childress 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 Childress, Texas
Here are more links that we believe will help you be successful in starting a business in Childress.
- Resources for Childress, Texas Entrepreneurs - Browse a variety of resources we've collected to assist Childress 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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