Texas Business Startup Guides
Opening a Business in Henderson, Texas
Contemplating starting a business in Henderson, Texas? We walk you through the process of opening a business in Henderson.
Henderson, Texas Demographic Information
Henderson has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Henderson demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Henderson.
Businesses
As a new Henderson entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Henderson 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?
As you drive around Henderson, it's apparent that franchising has become a very popular way to start a business. Evidently, there must be some significant advantages to purchasing a franchise.
Our advice is to investigate buying a franchise. On our site, you can read many articles about franchising, such as Franchise Marketing Support. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.
A comprehensive list of franchisors is available via our List of Franchise Opportunities.
Representative franchise opportunities include The Cereal Bowl and Jackson Hewitt Tax Service. Alternatively, you can browse franchise categories, such as Home Inspection Franchises and Print and Sign Franchises.
Note on Henderson Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Henderson.
Forming a Company in Henderson, Texas
It's very important that your business is formed as a legal entity that is separate from its owners. Among other things, forming a legal entity for the business limits your 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. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in Texas, you don't necessarily have to incorporate in Texas. 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 basics of company formation, browse articles on our site, such as How to Incorporate. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Henderson, Texas, our information on Incorporating in Texas may be a useful resource if you decide to incorporate in Texas.
Make Sure You Have a Business Plan
A business plan is essential to the health of your new business. In effect, a business plan is a written description of the future you envision for your business. Not having a business plan is a recipe for disaster.
If you want more information on writing business plans, we recommend reading Business Plan Contests. You should also take advantage of free business counselors available to you through your local SCORE chapter in Texas.
Getting Money to Start a Business
Getting your Henderson business the capital it needs to succeed is very difficult due to the ongoing business credit crunch. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.
Recognizing this challenge, this site contains dozens of articles on raising money, including one we recommend entitled Getting a Small Business Loan.
For Henderson entrepreneurs who want to raise money for a new venture, you'll want to take a look at our List of Texas Angel Investors and our List of Texas Venture Capital Firms.
Selling Tips
Do you know how to sell? In order to attract customers to your new Henderson business, you need to focus on sales.
Clever sales techniques can transform any business from good to great. Fortunately, we've got plenty of good advice to help you improve your selling skills.
Hiring Good Sales People is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.
Advancing Your Entrepreneurial Skills
Good entrepreneurs recognize that what they know now may not be enough to ensure their future success.
With your business being located in Henderson, 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 organizations for Henderson entrepreneurs.
What's Next?
As an entrepreneur in Henderson, you won't be working for the boss anymore. You are the boss.
From this point on, you control your own destiny.
We are here to help Henderson businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Henderson, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Henderson, Texas
Here are more links that we believe will help you be successful in starting a business in Henderson.
- Resources for Henderson, Texas Entrepreneurs - Browse a variety of resources we've collected to assist Henderson 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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