Oklahoma Business Startup Guides
Starting a Business in Jay, Oklahoma
Thinking about starting a business in Jay, Oklahoma? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Jay.
Do You Have What It Takes?
Most new ventures do not succeed, in part because the entrepreneur did not have the entrepreneurial skills and traits needed to succeed. So, before you start your business, consider all of the implications of being an entrepreneur.
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Talk to other entrepreneurs in Jay. Get their candid feedback on what it takes to start a successful business.
- We recommend reading Should You Become an Entrepreneur?. For aspiring new entrepreneurs, it's a must read article.
- Have a candid conversation with friends and family. A support network of family and friends can be a great sounding board for good advice before you decide for sure to go into business.
What Business Are You Starting?
An important decision is what kind of business you want to start. To stir your creative juices on what kind of business to start, take a look at How to Evaluate a Business Idea.
To view an extensive list of business types, complete with startup instructions, spend some time in the Good Businesses to Start section of our site. For example, you might be interested in our How to Start a Plastic Forming Business guide or our Opening a Skating Clothing Business guide.
Don't forget that you are starting a business in Jay. Some businesses will do better in Jay than others. Study Jay demographics and do a competitive analysis as part of your startup planning process.
Jay, Oklahoma Demographic Information
Jay has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Jay demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Jay.
Businesses
As a new Jay entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Jay 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
Company Formation in Jay, Oklahoma
It's very important 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 traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporating 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. Just because you are starting a business in Oklahoma, it doesn't mean you are required to incorporate in Oklahoma. As it turns out, you are allowed to 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's a lot to know about forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as ESOP Formation. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Jay, Oklahoma, our information on Incorporating in Oklahoma may be a useful resource if you decide to incorporate in Oklahoma.
Don't Forget to Create a Business Plan
A business plan is critical in laying a solid foundation for your business success. Simply put, a business plan is a written description of the future you envision for your business. Starting a business without a business plan is a recipe for disaster.
If you want more information on writing business plans, we recommend reading Business Plan Outsourcing. A great resource for business planning assistance is the free counseling sessions provided by your local SCORE chapter in Oklahoma.
Marketing Your New Venture
To grow your Jay business, you need a excellent marketing plan.
We have some useful resources on this site for entrepreneurs who are working on marketing plans. Advertising in the Yellow Pages discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just a taste of the many useful articles we have on Marketing a Small Business.
Now It's Up To You
Most new Jay businesses underestimate the number of challenges they will face.
From this point on, you control your own destiny.
Our goal here is to promote the vitality and growth of small businesses in Jay and throughout the United States . We believe entrepreneurship is an amazing engine for job creation in Jay, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Jay, Oklahoma
Here are more links that we believe will help you be successful in starting a business in Jay.
- Resources for Jay, Oklahoma Entrepreneurs - Browse a variety of resources we've collected to assist Jay 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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