Texas Business Startup Guides

Start a Business in Tatum, Texas

Are you starting a business in Tatum, Texas? This article discusses the most important things to consider when opening a business in Tatum.

Do You Have What It Takes?

Before announcing to the world that you are going to start your own business, assess your entrepreneurial instincts and capabilities.

While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:

  • Grab a meal or cofee with other entrepreneurs in Tatum. 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.

Tatum, Texas Demographic Information

Tatum has an active business community that includes small businesses, mid-sized businesses and large businesses.

To give you a better feel for Tatum demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Tatum.

Business Size
# of
Businesses
1-4 Employees
243
5-9 Employees
72
10-19 Employees
99
20-49 Employees
36
50-99 Employees
9
100-249 Employees
9
250-499 Employees
18
500-999 Employees
0
1000+ Employees
0
All Tatum Businesses
486

As a new Tatum entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Tatum 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.

Business Type
# of
Businesses
Electric Power Distribution
2
Electrical Contractors
1
Fossil Fuel Electric Power Generation
4
Full-Service Restaurants
2
General Automotive Repair
1
General Freight Trucking, Local
1
Hardware Stores
1
Limited-Service Restaurants
2
Logging
2
Office Administrative Services
1
Offices of Dentists
1
Painting and Wall Covering Contractors
1
Scheduled Freight Air Transportation
1
Tobacco Stores
1
Video Tape and Disc Rental
1
Water Supply and Irrigation Systems
1
Wired Telecommunications Carriers
1

Have You Considered Franchising?

As you drive around Tatum, you'll notice that many local entrepreneurs have gone the franchising route. 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 Before Buying a Franchise. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.

To learn about specific franchise opportunities, check out our Franchise Directory.

Representative franchise opportunities include BathCrest and CATZ Sports Fitness. Alternatively, you can browse franchise categories, such as Closet Design and Construction Franchises and Payroll Service Franchises.

Note on Tatum Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Tatum.

Raising Money for Your New Venture

Getting your Tatum business the capital it needs to succeed is a difficult chore. In fact, financing your new business may be the hardest challenge you ever face.

To learn about raising money, we recommend you read the fundraising articles on our site, such as Business Credit Evaluation.

For Tatum entrepreneurs with great ambition but a shortage of investment capital, you'll want to take a look at our List of Texas Angel Investors and our List of Texas Venture Capital Firms.

Promoting Your New Company

To grow your Tatum business, you need a solid marketing plan.

You can learn all about marketing on our site. Telemarketing Service Costs is a good read to get your marketing juices flowing. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.

Increase Your Entrepreneurial Knowledge

The best entrepreneurs recognize that what they know now may not be enough to ensure their future success.

With your business being located in Tatum, Texas, you will want to take advantage of the learning programs at local Texas educational institutions. It's also worthwhile to see if there are any networking groups or organizations in which Tatum entrepreneurs get together to network and trade their business experiences.

Now It's Up To You

You have a dream -- starting a business in Tatum. 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.

We are here to help Tatum businesses to be successful. 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 Tatum, Texas

Here are more links that we believe will help you be successful in starting a business in Tatum.

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Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

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