Texas Business Startup Guides
Starting a Business in Colorado City, Texas
Thinking about starting a business in Colorado City, Texas? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Colorado City.
Is Becoming an Entrepreneur Right for You?
Before quitting your day job, take inventory of your entrepreneurial instincts and capabilities.
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Talk to other entrepreneurs in Colorado City. Get their take on what it's really like to be an entrepreneur.
- We recommend reading Why Small Businesses Fail. For aspiring new entrepreneurs, it's a must read article.
- Get feedback from somebody whom you trust. That's the best way to get a truly objective assessment as to whether others think you have what it takes.
Colorado City, Texas Demographic Information
Colorado City has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Colorado City demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Colorado City.
Businesses
As a new Colorado City entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Colorado City 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
What About Franchising Opportunities?
As you drive around Colorado City, you'll notice that many local entrepreneurs have gone the franchising route. But is franchising the right option for you?
We advise the entrepreneurs we work with to consider franchising as an option. This site has dozens of articles on franchising, such as The Franchising Process. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.
You can find franchise opportunities by browsing our Franchise Opportunities Directory.
Sample franchise opportunities include Homewatch Caregivers and Leadership Management. Alternatively, you can browse franchise categories, such as Sports Franchises and Dollar Store Franchises.
Note on Colorado City Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Colorado City.
Don't Skip the Business Plan
A business plan is critical in laying a solid foundation for your business success. In effect, your business plan is your game plan for how you hope to grow your business. Not having a business plan is a recipe for disaster.
To learn more about business plans, read The Art of the Executive Summary. You can also get face-to-face free consulting available from your local SCORE chapter in Texas.
Promoting Your New Company
To grow your Colorado City business, you need a solid marketing plan.
We have some helpful resources on this site for entrepreneurs who are working on marketing plans. Customer Loyalty Programs is a good read to get your marketing juices flowing. That's just one of the many useful articles we have on Marketing a Small Business.
Bring in Revenues
Being able to sell is critical to your business success. Whether you are focused on selling local customers in Colorado City or are selling to customers throughout Texas, the United States or even the world, you have to be able to sell.
Clever sales techniques can transform any business from good to great. The good news is we can help you to make selling a big competitve advantage for your new firm.
Effective Sales Presentations is worth reading, as it may give you some good ideas on how to sell your products or services. We have many more good articles on selling that you may enjoy reading.
Increase Your Entrepreneurial Knowledge
Successful business owners recognize that what they know now may not be enough to ensure their future success.
Given that you are starting a business in Colorado City, Texas, you should check out some of the many programs available at nearby Texas universities, colleges and community colleges. You should also check if there are any networking groups or organizations in which Colorado City entrepreneurs get together to network and trade their business experiences.
Moving Forward
You have a dream -- starting a business in Colorado City. To achieve your dream, you have to persevere, even when the odds are against you.
Owning your own business will be a daunting task, but you can do it.
Our goal here is to promote the vitality and growth of small businesses in Colorado City and throughout the United States . We believe entrepreneurship is an amazing engine for job creation in Colorado City, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Colorado City, Texas
Here are more links that we believe will help you be successful in starting a business in Colorado City.
- Resources for Colorado City, Texas Entrepreneurs - Browse a variety of resources we've collected to assist Colorado City 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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