Texas Business Startup Guides
Start a Business in Crane, Texas
Are you starting a business in Crane, Texas? This article discusses the most important things to consider when opening a business in Crane.
Do You Have Entrepreneurial Drive and Passion?
Running your own business is demanding, much harder than working as an employee. Are you sure you have the stamina and skills to succeed on your own?
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 Crane. Get their candid feedback on what it takes to start a successful business.
- We recommend reading Why Small Businesses Fail. For aspiring new entrepreneurs, it's a must read article.
- Get feedback from somebody whom you trust. A support network of family and friends can be a great sounding board for good advice before you decide for sure to go into business.
Crane, Texas Demographic Information
Crane has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Crane demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Crane.
Businesses
As a new Crane entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Crane 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
Company Formation in Crane, Texas
It's essential that your business is formed as a legal entity that is separate from its owners. Doing so will insulate you from personal liability for business debts and obligations.
When forming a company, you will pick from many company types, such as a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporation 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. As it turns out, you are allowed to 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'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 Piercing the Corporate Veil. You may also want to seek the advice of an lawyer. On a final note, since you will be starting a business in Crane, Texas, our web page covering Incorporating in Texas may be a useful resource if you decide to incorporate in Texas.
Do You Need a Business Plan?
A business plan is critical to the health of your new business. Simply put, a business plan describes what you plan to do with the business and how you plan to do it. Failure to write a business plan is a recipe for disaster.
If writing a business plan is on your to-do list, be sure to read Expert Advice on Business Plans. You should also take advantage of face-to-face free consulting available from your local SCORE chapter in Texas.
Raising Money for Your Venture
Raising money to fund your new Crane business is not an easy task. In fact, financing your new business may be the hardest challenge you ever face.
To learn about raising money, we recommend you read the fundraising articles on our site, such as Only Idiots Send Venture Capitalists Business Plans.
For Crane entrepreneurs with great ambition but a shortage of investment capital, you'll want to take a look at our List of Texas Angel Investors and our List of Texas Venture Capital Firms.
Increase Your Entrepreneurial Knowledge
Good business owners know that they don't know everything.
As an entrepreneur who lives in Crane, Texas, you should investigate some of the many programs available at nearby Texas universities, colleges and community colleges. You should also check if there are any Crane networking organizations.
Now It's Up To You
As an entrepreneur in Crane, you won't be working for the boss anymore. You are the boss.
From this point on, you control your own destiny.
This site is all about helping entrepreneurs in Crane 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 Crane, Texas
Here are more links that we believe will help you be successful in starting a business in Crane.
- Resources for Crane, Texas Entrepreneurs - Browse a variety of resources we've collected to assist Crane 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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