Oklahoma Business Startup Guides
Opening a Business in Medford, Oklahoma
Contemplating starting a business in Medford, Oklahoma? We walk you through the process of opening a business in Medford.
Do You Have What It Takes?
Being an entrepreneur is hard work, much harder than working as an employee. Are you sure you have the stamina and skills to succeed on your own?
To determine whether you have what it takes to run a business, we recommend these three steps to help you decide:
- Grab a meal or cofee with other entrepreneurs in Medford. Get their candid feedback on what it takes to start a successful business.
- Take a look at The Entrepreneurial Personality. It's a short article but it's a good reality check for those are about to jump into the world of entrepreneurship.
- 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.
Medford, Oklahoma Demographic Information
Medford has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Medford demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Medford.
Businesses
As a new Medford entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Medford 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
Should You Franchise?
As you drive around Medford, it's apparent that franchising has become a very popular way to start a business. Is it perhaps smarter to franchise a business instead of doing it from scratch.
Our recommendation is that you consider franchising as an option. We have many articles on franchises, such as How to Franchise a Business. 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 Cianci European Eatery and Mr Food no Fuss Meals. Alternatively, you can browse franchise categories, such as Tanning Franchises and Healthcare Services Franchises.
Note on Medford Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Medford.
Have You Considered Buying an Existing Medford Business?
If you have some capital to play with, you may want to Buy a Business in Oklahoma. Follow that link and you may find several good businesses for sale in Medford.
If you are serious about buying a business, you may want to read this article: Buying a Business.
Forming a Company in Medford, Oklahoma
It's very important that you choose the right legal structure for your new entity. Among other things, forming a legal entity for the business limits your liabilities.
The entity you form can be a corporation, LLC, sole proprietorship, partnership or other structure.
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. If you are starting a business in Oklahoma, you don't necessarily have to incorporate in Oklahoma. In fact, you can incorporate wherever you want. 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. To learn the fundamentals of company formation, browse articles on our site, such as Getting an EIN. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Medford, Oklahoma, our information on Incorporating in Oklahoma may be a useful resource if you decide to incorporate in Oklahoma.
Letting the World Know You Exist
To rise above the crowd in Medford and grow your business, you'll need to have a good marketing plan.
You can learn all about marketing on our site. Direct Mail Costs is an article that will generate a few thoughts on your marketing plan. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.
Now It's Up To You
As an entrepreneur in Medford, 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 Medford and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Medford 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 Medford, Oklahoma
Here are more links that we believe will help you be successful in starting a business in Medford.
- Resources for Medford, Oklahoma Entrepreneurs - Browse a variety of resources we've collected to assist Medford 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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