Texas Business Startup Guides
Opening a Business in Smithville, Texas
Contemplating starting a business in Smithville, Texas? We walk you through the process of opening a business in Smithville.
Smithville, Texas Demographic Information
Smithville has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Smithville demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Smithville.
Businesses
As a new Smithville entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Smithville 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 Buying an Existing Smithville Business?
If you have some capital to play with, you may want to Buy a Business in Texas. Follow that link and you can assess several good businesses for sale in Smithville.
For anybody who wants to buy a business, we recommend reading this useful article: Hold Harmless Agreements When Buying Businesses.
Forming a Company in Smithville, 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.
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 Texas, it doesn't mean you are required to incorporate in Texas. In fact, you are allowed to 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. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Registered Agents. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Smithville, Texas, our information on Incorporating in Texas may be a useful resource if you decide to incorporate in Texas.
Don't Skip the Business Plan
A business plan is vital in maximizing the prospects of your new company. Simply put, a business plan is a written description of the future you envision for your business. Failure to write a business plan is a recipe for disaster.
If you want more information on writing business plans, we recommend reading Business Plan Contests. You should also take advantage of free counseling sessions provided by your local SCORE chapter in Texas.
Startup Financing Basics
Getting your Smithville business the capital it needs to succeed will be harder than you might expect. If you don't have a rich uncle to fund you, you'll need to be creative in how you approach your fundraising efforts.
To learn about raising money, we recommend you read the fundraising articles on our site, such as How Much Venture Capital Is There?.
For Smithville entrepreneurs who need startup capital, check out our List of Texas Angel Investors and our List of Texas Venture Capital Firms.
The Art of Selling
Do you know how to sell? In order to attract customers to your new Smithville business, you need to focus on sales.
Why should customers buy from you instead of buying from competitors? The good news is we can help you to make selling a big competitve advantage for your new firm.
Selling with Questions is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.
Now It's Up To You
As an entrepreneur in Smithville, you won't be working for the boss anymore. You are the boss.
Owning your own business will be a daunting task, but you can do it.
We are here to help Smithville businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Smithville, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Smithville, Texas
Here are more links that we believe will help you be successful in starting a business in Smithville.
- Resources for Smithville, Texas Entrepreneurs - Browse a variety of resources we've collected to assist Smithville 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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