Texas Business Startup Guides
Opening a Business in Luling, Texas
Contemplating starting a business in Luling, Texas? We walk you through the process of opening a business in Luling.
Luling, Texas Demographic Information
Luling has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Luling demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Luling.
Businesses
As a new Luling entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Luling 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
What About Franchising Opportunities?
As you drive around Luling, you'll conclude that many business owners have opted to buy a franchise, rather than starting a business on their own. But is franchising the right option for you?
Our advice is to consider franchising as an option. We have many articles on franchises, such as Franchise Marketing Support. Get a thorough education on franchising by browsing all of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Sample franchise opportunities include The Ground Pat'I Grill and Bar and Fairfield Inns by Marriott. Alternatively, you can browse franchise categories, such as Dollar Store Franchises and Dry Cleaning & Laundry Franchises.
Note on Luling Franchise Opportunities: To find out if a franchise you are interested in is available in Luling, you will need to get in direct contact with the franchisor.
Naming the Company
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.
Even if the name doesn't do it by itself, many naming experts believe there should be a story behind the name that ties into your company mission.
Numerous company naming issues are discussed in more detail in this article: Naming a Business.
On a final note, given that you are opening a business in Luling, it's very important that you make sure no Texas company has already registered the company name you have selected.
Forming a Company in Luling, Texas
It's very important that you are forming a legal entity that operates independently from you. Doing so will shield you from personal liability for business debts and obligations.
When forming a company, you will select one of many company types, such as a corporation, LLC, sole proprietorship, partnership or other structure.
Incorporating is a very popular way to form a business. A key decision is whether to form and S-Corp or a C-Corp, and you also must decide in which state you will incorporate. If you are starting a business in Texas, it doesn't mean you are required to incorporate in Texas. In fact, you can incorporate in any state you would like to. For example, it's very popular to incorporate in Delaware, and incorporating in Nevada has become very trendy as well. Don't forget, though, that you will have to register as a foreign entity in all states that you do business in.
There are many nuances to forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as C Corp Versus S Corp. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Luling, Texas, our web page covering 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 vital to the health of your new business. Simply put, a business plan describes what you plan to do with the business and how you plan to do it. Starting a business without a business plan is a recipe for disaster.
To learn more about business plans, read Free Business Plan Templates. You can also get free counseling sessions provided by your local SCORE chapter in Texas.
Raising Funding for Your Startup
Obtaining startup financing for your Luling business 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.
Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled 504 Loans.
For Luling entrepreneurs on the hunt for startup funding, check out our List of Texas Angel Investors and our List of Texas Venture Capital Firms.
The Art of Selling
Being able to sell is a key enabler to your business success. Whether you are focused on selling local customers in Luling or are selling to customers throughout Texas, the United States or even the world, you have to be able to sell.
Not knowing how to sell can result in lost customers and minimal market share. The good news is we can help you to make selling a big competitve advantage for your new firm.
Selling on the Phone is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.
What's Next?
You have a dream -- starting a business in Luling. 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 Luling 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 Luling, Texas
Here are more links that we believe will help you be successful in starting a business in Luling.
- Resources for Luling, Texas Entrepreneurs - Browse a variety of resources we've collected to assist Luling 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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