Oklahoma Business Startup Guides

Open a Business in Hollis, Oklahoma

Need help starting a business in Hollis, Oklahoma? We've got the information you need to open a business in Hollis.

Will You Be a Good Entrepreneur?

Running your own business is difficult, much harder than working as an employee. Are you positive you have the stamina and skills to succeed on your own?

Before you move forward with starting a business, be sure to do these three things:

  • Talk to other entrepreneurs in Hollis. They are usually very willing to share their insights on the ups and downs of being an entrepreneur.
  • We recommend reading Characteristics of Successful Entrepreneurs. For aspiring new entrepreneurs, it's a must read article.
  • Seek the advice of somebody who knows you well. Others sometimes know you better than you know yourself.

What Type of Business Should You Start?

An important decision is what kind of business you want to start. To help you decide on a business type, we encourage you to read Business Ideas That Don't Make Sense.

For step-by-step instructions on starting a variety of business types, visit the Good Businesses to Start section of our site. For example, you might be interested in our Opening a Wedding Alterations & Tailoring Business guide or our How to Start a Tar & Tar Products Business guide.

Always keep in mind that you are starting a business in Hollis. Some businesses will do better in Hollis than others. Only by spending some time analyzing Hollis demographics can you decide if there will be strong demand for your business idea.

Hollis, Oklahoma Demographic Information

Hollis has an active business community that includes small businesses, mid-sized businesses and large businesses.

To give you a better feel for Hollis demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Hollis.

Business Size
# of
Businesses
1-4 Employees
396
5-9 Employees
108
10-19 Employees
63
20-49 Employees
45
50-99 Employees
9
100-249 Employees
0
250-499 Employees
0
500-999 Employees
0
1000+ Employees
0
All Hollis Businesses
621

As a new Hollis entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Hollis 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.

Business Type
# of
Businesses
Automotive Parts and Accessories Stores
1
Child Day Care Services
2
Civic and Social Organizations
1
Community Food Services
1
Electric Power Distribution
2
Family Clothing Stores
1
Florists
1
Full-Service Restaurants
2
Funeral Homes and Funeral Services
3
General Medical and Surgical Hospitals
1
Gift, Novelty, and Souvenir Stores
1
Grantmaking Foundations
1
Insurance Agencies and Brokerages
3
Limited-Service Restaurants
2
Meat Processed from Carcasses
1
Museums
1
New Car Dealers
1
Offices of Lawyers
2
Pharmacies and Drug Stores
1
Roofing Contractors
1
Veterinary Services
1
Video Tape and Disc Rental
1
Wholesale Trade Agents and Brokers
1
Wired Telecommunications Carriers
1

Naming the Business

A big decision when starting a company is choosing a company name. Believe it or not, choosing a good company name can be a big contributor to your business success.

Pick a company name that isn't too generic. If you do a search engine search for your proposed name and a billion results come up, you may want to reconsider the name. It's much easier to come up in the search engines when your name is fairly unique.

Numerous company naming issues are discussed in more detail in this article: Naming a Business.

There's one other important factor when naming a business. Since you are starting a business in Hollis, it's critical that you ensure that no other Oklahoma company is using the business name you want to use.

Raising Money for Your Venture

Getting your Hollis 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 Microlending as a Small Business Funding Source.

For Hollis 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.

Improving Your Entrepreneurial Skillset

Good entrepreneurs recognize that they don't know everything.

With your business being located in Hollis, 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 networking organizations for Hollis entrepreneurs.

What's Next?

As an entrepreneur in Hollis, 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 Hollis and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Hollis, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Hollis, Oklahoma

Here are more links that we believe will help you be successful in starting a business in Hollis.

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