Missouri Business Startup Guides
Starting a Business in Fairfax, Missouri
Thinking about starting a business in Fairfax, Missouri? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Fairfax.
Fairfax, Missouri Demographic Information
Fairfax has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Fairfax demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Fairfax.
Businesses
As a new Fairfax entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Fairfax 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
Have You Considered Franchising?
As you drive around Fairfax, you'll notice that many local entrepreneurs have gone the franchising route. Would going with a franchise be a good idea for you?
Our recommendation is that you consider franchising as an option. We have many articles on franchises, such as Franchise Due Diligence. 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.
Representative franchise opportunities include Andy's Frozen Custard Franchising, L.L.C. and Dominic's of New York. Alternatively, you can browse franchise categories, such as Video and DVD Rental Franchises and Child Photos and Portraits Franchises.
Note on Fairfax Franchise Opportunities: To find out if a franchise you are interested in is available in Fairfax, you will need to get in direct contact with the franchisor.
Forming a Company in Fairfax, Missouri
It's very important that your business is formed as a legal entity that is separate from its owners. The primary advantage of forming your new business as a legal entity is that it separates your business liabilities from your personal liabilities.
The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporation 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 Missouri, it doesn't mean you are required to incorporate in Missouri. In fact, 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 Getting an EIN. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Fairfax, Missouri, our information on Incorporating in Missouri may be a useful resource if you decide to incorporate in Missouri.
Raising Money for Your New Venture
Getting your Fairfax business the capital it needs to succeed is very difficult due to the ongoing business credit crunch. To obtain business financing, you will need to hear a lot of rejections before you finally find a funding solution that works for you.
Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled Attracting Investors.
For Fairfax entrepreneurs with great ambition but a shortage of investment capital, browse our List of Missouri Angel Investors and our List of Missouri Venture Capital Firms.
Promoting Your New Company
To rise above the crowd in Fairfax and grow your business, having an excellent marketing plan is fundamental to your doing well.
We have some helpful resources on this site for entrepreneurs who are working on marketing plans. Customer Loyalty is a good read to get your marketing ideas flowing. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.
Selling Tips
Being able to sell is critical to your business success. Whether you are focused on selling local customers in Fairfax or are selling to customers throughout Missouri, the United States or even the world, you have to be able to sell.
Good selling involves demonstrating that your wares meet your customer's needs. Let us help you refine your selling techniques through our many useful sales advice tips.
Selling with Questions offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.
What's Next?
You have a dream -- starting a business in Fairfax. To achieve your dream, you have to persevere, even when the odds are against you.
From this point on, you control your own destiny.
This site is all about helping entrepreneurs in Fairfax 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 Fairfax, Missouri
Here are more links that we believe will help you be successful in starting a business in Fairfax.
- Resources for Fairfax, Missouri Entrepreneurs - Browse a variety of resources we've collected to assist Fairfax entrepreneurs.
- Missouri Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Missouri.
- Missouri Small Business Development Center - Missouri Small Business Development Center business specialists are uniquely qualified to help small businesses get started, develop and thrive.
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