Oklahoma Business Startup Guides
Start a Business in Edmond, Oklahoma
Are you starting a business in Edmond, Oklahoma? This article discusses the most important things to consider when opening a business in Edmond.
Edmond, Oklahoma Demographic Information
Edmond has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Edmond demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Edmond.
Businesses
As a new Edmond entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Edmond 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 Franchise?
Visit the business district of Edmond and you'll notice that many local entrepreneurs have gone the franchising route. Should you be giving franchising serious consideration?
We highly recommend you consider franchising as an option. We have many articles on franchises, such as Franchisees Versus Licensees. Get a thorough education on franchising by browsing all of our Articles on Franchising.
You can review hundreds of franchise opportunities by browing our Franchise Directory.
Sample franchise opportunities include Knights Inn and Altoids Gum Vending Machines by Candy King. Alternatively, you can browse franchise categories, such as Vending Franchises and eBay Franchises.
Note on Edmond Franchise Opportunities: To find out if a franchise you are interested in is available in Edmond, you will need to get in direct contact with the franchisor.
What About Buying an Existing Edmond Business?
If you have some capital to play with, you may want to Buy a Business in Oklahoma. Follow that link and you may find several good businesses for sale in Edmond.
If you are serious about buying a business, you may want to read this article: Hold Harmless Agreements When Buying Businesses.
Forming a Company in Edmond, Oklahoma
It's essential that your business is formed as a legal entity that is separate from its owners. Doing so will shield you from personal liability for business debts and obligations.
The entity you form can be a corporation, LLC, sole proprietorship, partnership or other structure.
Incorporating is a very common way to legally create a business entity. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in Oklahoma, it doesn't mean you are required to incorporate in Oklahoma. As it turns out, you can incorporate in the state of your choosing. 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 are many nuances to forming a company. To learn the basics of company formation, browse articles on our site, such as Offshore Company Formation. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Edmond, Oklahoma, our information on Incorporating in Oklahoma may be a useful resource if you decide to incorporate in Oklahoma.
Getting Money to Start a Business
Getting your Edmond business the capital it needs to succeed requires strong organization skills and perseverance. In fact, financing your new business may be the hardest challenge you ever face.
Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled 504 Loans.
For Edmond entrepreneurs who want to raise money for a new venture, check out our List of Oklahoma Angel Investors and our List of Oklahoma Venture Capital Firms.
The Art of Selling
Being able to sell is critical to your business success. Whether you are focused on selling local customers in Edmond or are selling to customers throughout Oklahoma, the United States or even the world, you have to be able to sell.
Not knowing how to sell can result in lost customers and minimal market share. Let us help you refine your selling techniques through our many useful sales advice tips.
Sales Training 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.
Learning More About Entrepreneurship
Good entrepreneurs recognize that they don't know everything.
Given that you are starting a business in Edmond, Oklahoma, you will want to take advantage of the many programs available at nearby Oklahoma universities, colleges and community colleges. It's also worthwhile to see if there are any Edmond networking organizations.
Now It's Up To You
You have a dream -- starting a business in Edmond. 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 Edmond and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Edmond entrepreneur who is just getting started or you are already up and running with your new venture.
More Entrepreneurial Resources for Starting a Business in Edmond, Oklahoma
Here are more links that we believe will help you be successful in starting a business in Edmond.
- Resources for Edmond, Oklahoma Entrepreneurs - Browse a variety of resources we've collected to assist Edmond entrepreneurs.
- Oklahoma Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Oklahoma.
- Oklahoma Small Business Development Center - Whether you are in business or thinking about it, the Oklahoma Small Business Development Center staff can assist you. Their goal is to help Oklahoma entrepreneurs like you be more successful.
More Startup Articles for Oklahoma Cities
Starting a Business in Eakly
Starting a Business in El Reno
Browse All Business Startup Guides for Oklahoma
Starting a Business Guides for Other States
Share this article
Additional Resources for Entrepreneurs