Texas Business Startup Guides
Start a Business in Commerce, Texas
Are you starting a business in Commerce, Texas? This article discusses the most important things to consider when opening a business in Commerce.
Is Becoming an Entrepreneur Right for You?
Before you get too far along in the process, consider your entrepreneurial instincts and capabilities.
To determine whether you have what it takes to run a business, we recommend these three steps to help you decide:
- Reach out to other entrepreneurs in Commerce. Get their take on what it's really like to be an entrepreneur.
- Peruse Should You Become an Entrepreneur?. This is one of our more popular articles for folks who want to go into business for themselves.
- Have a candid conversation with friends and family. That's the best way to get a truly objective assessment as to whether others think you have what it takes.
Commerce, Texas Demographic Information
Commerce has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Commerce demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Commerce.
Businesses
As a new Commerce entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Commerce 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
Is a Franchise Opportunity Right For You?
As you drive around Commerce, you'll notice that many local entrepreneurs have gone the franchising route. Is franchising maybe a better way for you to start your business?
We highly recommend you consider franchising as an option. To help you learn more about franchising, we've gathered a ton of articles on franchising, including Franchising Scams. Become a franchising expert of sorts by reading more of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Sample franchise opportunities include Fabrion and Fidelity ATM. Alternatively, you can browse franchise categories, such as Video and Photography Franchises and Florist Franchises.
Note on Commerce Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Commerce.
Picking a Company Name
Making the right decision when choosing a company name is very important. There are many decisions you'll make now that you can change later, but changing a company name years down the road is not very easy. So, choose a good company name at the outset.
Company names should be fun to say, and they should help people to understand what you do and how you differentiate yourself in the market.
Numerous company naming issues are discussed in more detail in this article: Naming a Company.
As a final piece of advice, remember that because you are planning on starting a business in Commerce, it's very important that you make sure no other Texas company is using the business name you want to use.
Don't Forget to Create a Business Plan
A business plan is critical in maximizing the prospects of your new company. Simply put, 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 Business Presentations. You can also get free counseling sessions provided by your local SCORE chapter in Texas.
Where to Get Money to Start a Company
Getting your Commerce business the capital it needs to succeed requires strong organization skills and perseverance. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.
Take advantage of our many articles on securing funding, such as 504 Loans.
For Commerce entrepreneurs who want to raise money for a new venture, check out our List of Texas Angel Investors and our List of Texas Venture Capital Firms.
Advancing Your Entrepreneurial Skills
Successful business owners recognize that they need to continually improve.
With your business being located in Commerce, Texas, you will want to take advantage of the learning programs at local Texas educational institutions. It's also beneficial to see if there are any networking groups or organizations in which Commerce entrepreneurs get together to network and trade their business experiences.
Moving Forward
You have a dream -- starting a business in Commerce. 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.
This site is all about helping entrepreneurs in Commerce 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 Commerce, Texas
Here are more links that we believe will help you be successful in starting a business in Commerce.
- Resources for Commerce, Texas Entrepreneurs - Browse a variety of resources we've collected to assist Commerce 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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