Missouri Business Startup Guides
Opening a Business in Laurie, Missouri
Contemplating starting a business in Laurie, Missouri? We walk you through the process of opening a business in Laurie.
Do You Have Entrepreneurial Drive and Passion?
Running your own business is demanding, and can be orders of magnitude more strenuous than working as an employee. Are you sure you have the stamina and skills to succeed on your own?
Here are three things we recommend you do before you fully commit to starting a new business of your own.
- Speak with other entrepreneurs in Laurie. Get their candid feedback on what it takes to start a successful business.
- You should read The Entrepreneurial Personality. It's a good read for those who are thinking about becoming an entrepreneur.
- Reach out to a trusted acquaintance. 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.
Laurie, Missouri Demographic Information
Laurie has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Laurie demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Laurie.
Businesses
As a new Laurie entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Laurie 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
Forming a Company in Laurie, Missouri
It's very important that your business is formed as a legal entity that is separate from its owners. Doing so will insulate 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 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 Missouri, you don't necessarily have 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. To learn the fundamentals of company formation, browse articles on our site, such as Subchapter S Corporations. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Laurie, Missouri, our information on Incorporating in Missouri may be a useful resource if you decide to incorporate in Missouri.
The Role of the Business Plan
Creating a business plan is critical to the health of your new business. Simply put, your business plan is your game plan for how you hope to grow your business. Failure to write a business plan
To learn more about business plans, read Business Plan Contests. You should also take advantage of free business counselors available to you through your local SCORE chapter in Missouri.
Raising Money for Your New Venture
Getting your Laurie business the capital it needs to succeed is not an easy task. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.
Take advantage of our many articles on finding startup capital, such as 504 Loans.
For Laurie entrepreneurs with great ambition but a shortage of investment capital, we have assembled a List of Missouri Angel Investors and our List of Missouri Venture Capital Firms.
Letting the World Know You Exist
Whether your goal is to attract Laurie customers or you plan on selling elsewhere, you need a great marketing plan.
There are myriad resources on this site to help you with your marketing plan. Advertising on Google is an article that will generate a few thoughts on your marketing plan. That's just a sampling of the many useful articles we have on Marketing a Small Business.
Now It's Up To You
As an entrepreneur in Laurie, you won't be working for the boss anymore. You are the boss.
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 Laurie and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Laurie entrepreneur who is just getting started or you are already up and running with your new venture.
More Entrepreneurial Resources for Starting a Business in Laurie, Missouri
Here are more links that we believe will help you be successful in starting a business in Laurie.
- Resources for Laurie, Missouri Entrepreneurs - Browse a variety of resources we've collected to assist Laurie 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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