Mississippi Business Startup Guides
Starting a Business in Magee, Mississippi
Thinking about starting a business in Magee, Mississippi? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Magee.
Do You Have Entrepreneurial Drive and Passion?
Most new companies don't make it, in part because the entrepreneur did not have the entrepreneurial skills and traits needed to succeed. So, before you open a business, consider all of the implications of being an entrepreneur.
Here are three things we recommend you do before you fully commit to starting a new business of your own.
- Grab a meal or cofee with other entrepreneurs in Magee. Get their candid feedback on what it takes to start a successful business.
- Take a look at Business Failure. It's a short article but it's a good reality check for those are about to jump into the world of entrepreneurship.
- Involve a spouse, family member or trusted friend in the decision. 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.
Magee, Mississippi Demographic Information
Magee has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Magee demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Magee.
Businesses
As a new Magee entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Magee 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
Have You Considered Franchising?
Visit the business district of Magee and it becomes clear that purchasing a franchise is a common way to get started as an entrepreneur. Evidently, there must be some significant advantages to purchasing a franchise.
We advise the entrepreneurs we work with to look into purchasing a franchise. This site has dozens of articles on franchising, such as How to Franchise. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.
You can find franchise opportunities by browsing our Franchise Opportunities Directory.
Representative franchise opportunities include Bad Ass Coffee Company and Izzo's Illegal Burrito. Alternatively, you can browse franchise categories, such as Seafood Restaurant Franchises and Baby Franchises.
Note on Magee Franchise Opportunities: To find out if a franchise you are interested in is available in Magee, 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.
Before you decide on a company name, run it by some prospective customers and see what they think. If they don't like it, it's probably a good idea to go back to the drawing board.
To get up to speed on what makes for a good company name, we encourage you to read this useful article: Branding Advice.
There's one other important factor when naming a business. Since you are planning on starting a business in Magee, it's imperative that you check now that your company name has not already been claimed by another Mississippi business.
Don't Forget to Create a Business Plan
Having a business plan is critical to the health of your new business. Simply put, a business plan is a written description of the future you envision for your business. Starting a business without a business plan makes you more prone to becoming a business failure statistic.
Before you start writing a business plan, we suggest you skim Business Plan Mistakes. A great resource for business planning assistance is the face-to-face free consulting available from your local SCORE chapter in Mississippi.
Building Up Your Sales
Mastering the art of selling is essential if you want your new Magee business to do well.
So what does it take to bring in more prospects and close more business? Fortunately, we've got plenty of good advice to help you improve your selling skills.
Effective Sales Presentations offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.
Now It's Up To You
Most new Magee businesses underestimate the number of challenges they will face.
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 Magee 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 Magee, Mississippi
Here are more links that we believe will help you be successful in starting a business in Magee.
- Resources for Magee, Mississippi Entrepreneurs - Browse a variety of resources we've collected to assist Magee entrepreneurs.
- Mississippi Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Mississippi.
- Mississippi Small Business Development Center - The Mississippi Small Business Development Centers (MSBDC) is dedicated to helping build and grow businesses in Mississippi. For new entrepreneurs, this is an excellent resource.
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