At the core of the Chamber’s mission is providing members opportunities to meet and network with others in the business community, learn what is going on in the community, and become involved in the areas that are interesting and important to them.
We strive to achieve this by being a central force in the Guymon community and a place where local businesses can access resources and interact with other members of the business community. Small to medium-size businesses make up a majority of the total Chamber membership, and we are continually striving to achieve a high value of membership for our small business owners.
Setting the Stage for Success with Your New Business
If you are considering starting a business, you have an adventure waiting for you. While it requires a lot of time, energy, and money, running a business you believe in is one of the most fulfilling ways that you can make a living. With that said, how you start your business will have a lot to do with its long-term success. To help you get off to a good start, here are some tips and resources to consider:
First things first: you need to determine what kind of business you are starting and set yourself up for success.
- Join the Guymon Chamber of Commerce to find networking and partnership opportunities.
- You may already have an exact business idea in mind. But if you don’t, consider your interests, do lots of research, and consider what kind of services or products people in your city need.
- Be sure to get adequate office space or designate a workspace in your home, whether it’s a full home office or a desk in the corner of the living room.
- Also, establish work hours and other boundaries that will help you stay productive, especially if you are working from home.
- Whether you’re looking to build your freelance business or simply supplement your income with part-time remote work, be sure to look in the right places, such as online job boards.
- Protect all your business devices by installing the latest antivirus software and being vigilant when using email.
Handling the Particulars
Then there are the legal details to consider, such as what business structure you will use. It may not be the most fun part of the process, but it is critical.
- If you plan on working by yourself, either as a freelancer or other type of business owner, a sole proprietorship may be the ideal business structure.
- Going with an LLC will help protect your personal assets and savings.
- LLPs are similar to LLCs in many ways, but you want to choose an LLP (or LP) structure if you are going into business with one or more partners.
- Forming a C Corp will provide you with the most personal liability protection, but it also has more stringent requirements, and you will be responsible for paying more in taxes.
- If you meet the guidelines for an S Corp, you can pay less in taxes while also receiving great personal liability protection.
Building Your Brand
Once you have laid the groundwork for your business, it’s time to get out there and make a name for yourself.
- Work to tailor your service or product so that it’s the highest quality possible.
- But you don’t have to stop with your neighborhood, or even your city; embrace online marketing channels like social media and email marketing to expand your customer/client base.
- And constantly seek to get better at your craft so that you can enjoy long-term success.
Yes, it’s a lot of work, but running your own business is the cream of the crop when it comes to fulfilling careers. Be sure to lay a firm foundation for your business, take care of any necessary legal matters, and work hard to build your brand. That way, you will know that you’re doing everything you can to start a business that succeeds