Oklahoma Business Startup Guides
Starting a Business in Guymon, Oklahoma
Thinking about starting a business in Guymon, Oklahoma? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Guymon.
Is Becoming an Entrepreneur Right for You?
Before quitting your day job, assess your entrepreneurial instincts and capabilities.
Here are three things we recommend you do before you fully commit to starting a new business of your own.
- Grab a meal or cofee with other entrepreneurs in Guymon. Get their take on what it's really like to be an entrepreneur.
- Take a look at Starting a Company. It's a short article but it's a good reality check for those are about to jump into the world of entrepreneurship.
- Talk it over with a close friend or partner. That's the best way to get a truly objective assessment as to whether others think you have what it takes.
Guymon, Oklahoma Demographic Information
Guymon has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Guymon demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Guymon.
Businesses
As a new Guymon entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Guymon 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 Buying an Existing Guymon Business?
We've created a useful website page for those who want to Buy a Business in Oklahoma. Follow that link and you may find several good businesses for sale in Guymon.
If you are serious about buying a business, you may want to read this article: Buying a Business.
Forming a Company in Guymon, Oklahoma
It's essential that your business is formed as a legal entity that is separate from its owners. The principal 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.
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, you don't necessarily have to incorporate in Oklahoma. In fact, 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 are many nuances to forming a company. To learn the fundamentals of company formation, browse articles on our site, such as Corporate Formalities. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Guymon, Oklahoma, our information on Incorporating in Oklahoma may be a useful resource if you decide to incorporate in Oklahoma.
Make Sure You Have a Business Plan
Creating a business plan is critical in laying a solid foundation for your business success. Simply put, your business plan is your game plan for how you hope to grow your business. Not having a business plan
If writing a business plan is on your to-do list, be sure to read Business Plan Contests. You can also get free business counselors available to you through your local SCORE chapter in Oklahoma.
Marketing Your New Venture
Whether your goal is to attract Guymon customers or you plan on selling elsewhere, you need a solid marketing plan.
There are myriad resources on this site to help you with your marketing plan. Working with an Advertising Agency is a good read to get your marketing thoughts flowing. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.
Bring in Revenues
Being able to sell is critical to your business success. Whether you are focused on selling local customers in Guymon or are selling to customers throughout Oklahoma, the United States or even the world, you have to be able to sell.
Why should customers buy from you instead of buying from competitors? The good news is we can help you to make selling a big competitve advantage for your new firm.
Closing Sales Techniques is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.
Moving Forward
You have a dream -- starting a business in Guymon. To achieve your dream, you have to persevere, even when the odds are against you.
If you choose the right business and love what you do, you will greatly increase your odds of success.
This site is all about helping entrepreneurs in Guymon 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 Guymon, Oklahoma
Here are more links that we believe will help you be successful in starting a business in Guymon.
- Resources for Guymon, Oklahoma Entrepreneurs - Browse a variety of resources we've collected to assist Guymon 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.
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