Texas Business Startup Guides
Opening a Business in Whitehouse, Texas
Contemplating starting a business in Whitehouse, Texas? We walk you through the process of opening a business in Whitehouse.
Are You Sure You Want to Do This?
Before quitting your day job, consider your entrepreneurial instincts and capabilities.
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Talk to other entrepreneurs in Whitehouse. Ask them candidly what it's like to run a business.
- We recommend reading Why Small Businesses Fail. For aspiring new entrepreneurs, it's a must read article.
- Get feedback from somebody whom you trust. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
Whitehouse, Texas Demographic Information
Whitehouse has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Whitehouse demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Whitehouse.
Businesses
As a new Whitehouse entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Whitehouse 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?
Browse the Yellow Pages for Whitehouse and 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 Tradeshows. 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.
Sample franchise opportunities include All About Honeymoons and M.A.R.S. International. Alternatively, you can browse franchise categories, such as Framing Store Franchises and Juice Bar Franchises / Smoothie Franchises.
Note on Whitehouse Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Whitehouse.
Have You Considered Buying an Existing Whitehouse Business?
An excellent way to get started in business is to Buy a Business in Texas. Follow that link and you might discover several good businesses for sale in Whitehouse.
For anybody who wants to buy a business, we recommend reading this useful article: How to Buy a Business.
Forming a Company in Whitehouse, Texas
It's essential that you form your business as a legal structure. The principal advantage of forming your new business as a legal entity is that it separates your business liabilities from your personal liabilities.
When forming a company, you will decide among many company types, such as a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
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, you don't necessarily have to incorporate in Texas. In fact, you can incorporate in the state of your choosing. However, if you do incorporate in another state, you'll have to register as a foreign corporation in your home state.
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 Getting an EIN. You should also consider getting professional assistance from your business lawyer. On a final note, since you will be starting a business in Whitehouse, Texas, our web page covering Incorporating in Texas may be a useful resource if you decide to incorporate in Texas.
Getting Money to Start a Business
Raising money to fund your new Whitehouse business 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 Whitehouse entrepreneurs who need startup capital, check out our List of Texas Angel Investors and our List of Texas Venture Capital Firms.
Improving Your Entrepreneurial Skillset
Successful entrepreneurs recognize that what they know now may not be enough to ensure their future success.
As an entrepreneur who lives in Whitehouse, Texas, you should get information on some of the learning programs at local Texas educational institutions. You should also check if there are any networking groups or organizations in which Whitehouse entrepreneurs get together to network and trade their business experiences.
Next Steps
You have a dream -- starting a business in Whitehouse. To achieve your dream, you have to persevere, even when the odds are against you.
Owning your own business will be a daunting task, but you can do it.
This site is all about helping entrepreneurs in Whitehouse 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 Whitehouse, Texas
Here are more links that we believe will help you be successful in starting a business in Whitehouse.
- Resources for Whitehouse, Texas Entrepreneurs - Browse a variety of resources we've collected to assist Whitehouse 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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