Starting a Business in Ely, Nevada

Thinking about starting a business in Ely, Nevada? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Ely.

Are You Ready for the Challenges of Being an Entrepreneur?

Being an entrepreneur is difficult, much harder than working as an employee. Are you sure you want to go into business for yourself?

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

• Talk to other entrepreneurs in Ely. Listen closely to their experiences and see if you think you too can be successful.
• We recommend reading Characteristics of Successful Entrepreneurs. For aspiring new entrepreneurs, it's a must read article.
• Seek the advice of somebody who knows you well. Ask them directly: Do I have what it takes to be an entrepreneur? Listen carefully to their answer, as they presumably know your strengths and weaknesses.

What Business to Start

Choosing a business that is right for you is very important. To stir your creative juices on what kind of business to start, take a look at Business Ideas That Don't Make Sense.

For in-depth how-to guides on how to start specific businesses, browse our Good Businesses to Start section of our site. For example, you might be interested in our How to Start a Food Processing Business guide or our Opening a Kitchen Exhaust System Cleaning Business guide.

Always keep in mind that starting a business in Ely has some implications. Some businesses will do better in Ely than others. Don't forget to review Ely demographics to see if there's a market for what you want to sell.

Ely, Nevada Demographic Information

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

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

Business Size	# of Businesses
1-4 Employees	906
5-9 Employees	387
10-19 Employees	225
20-49 Employees	108
50-99 Employees	36
100-249 Employees	27
250-499 Employees	0
500-999 Employees	0
1000+ Employees	0
All Ely Businesses	1689

As a new Ely entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Ely 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
Automotive Parts and Accessories Stores	4
Bed-and-Breakfast Inns	1
Beer and Ale Merchant Wholesalers	1
Bowling Centers	1
Business Associations	1
Car Washes	2
Casino Hotels	3
Child and Youth Services	1
Child Day Care Services	1
Civic and Social Organizations	3
Coin-Operated Laundries and Drycleaners	1
Couriers	2
Credit Unions	2
Direct Title Insurance Carriers	1
Drinking Places (Alcoholic Beverages)	3
Drywall and Insulation Contractors	1
Electric Power Distribution	1
Electrical Contractors	3
Employment Placement Agencies	1
Engineering Services	1
Family Clothing Stores	3
Fitness and Recreational Sports Centers	1
Floor Covering Stores	2
Florists	2
Full-Service Restaurants	7
Funeral Homes and Funeral Services	1
Furniture Stores	1
General Automotive Repair	3
General Freight Trucking, Local	3
General Medical and Surgical Hospitals	1
Gift, Novelty, and Souvenir Stores	1
Glass and Glazing Contractors	1
Gold Ore Mining	2
Home Centers	1
Home Health Care Services	1
Home Health Equipment Rental	1
Household Appliance Stores	1
Insurance Agencies and Brokerages	3
Janitorial Services	1
Jewelry Stores	1
Land Subdivision	1
Lessors of Other Real Estate Property	2
Limited-Service Restaurants	3
Machine Shops	1
Museums	2
New Car Dealers	2
New Housing Operative Builders	1
Newspaper Publishers	1
Nursing Care Facilities	2
Offices of Certified Public Accountants	1
Offices of Chiropractors	2
Offices of Dentists	2
Offices of Lawyers	2
Offices of Optometrists	2
Pet and Pet Supplies Stores	1
Pet Care (except Veterinary) Services	1
Petroleum Bulk Stations and Terminals	3
Pharmacies and Drug Stores	3
Professional Employer Organizations	1
Quick Printing	1
Radio Stations	1
Ready-Mix Concrete Manufacturing	2
Residential Property Managers	1
Residential Remodelers	1
Roofing Contractors	1
Septic Tank and Related Services	1
Site Preparation Contractors	1
Solid Waste Collection	1
Temporary Help Services	1
Tire Dealers	1
Veterinary Services	1
Video Tape and Disc Rental	1
Vocational Rehabilitation Services	1
Voluntary Health Organizations	1
Wired Telecommunications Carriers	1

Is Franchising a Better Option?

As you drive around Ely, it's apparent that franchising has become a very popular way to start a business. But is franchising the right option for you?

Our advice is to investigate buying a franchise. This site has dozens of articles on franchising, such as How to Franchise. 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.

Representative franchise opportunities include The Ground Pat'I Grill and Bar and Boston Market. Alternatively, you can browse franchise categories, such as Home Repair Franchises and Miscellaneous Franchises.

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

Have You Considered Buying an Existing Ely Business?

If you have some capital to play with, you may want to Buy a Business in Nevada. Follow that link and you may find several good businesses for sale in Ely.

Before buying a business, be sure to read this article: How to Buy a Business.

Naming the Business

Making the right decision when choosing a company name is very important. There are many decisions you'll make now that you can change later, but changing a company name years down the road is not very easy. So, choose a good company name at the outset.

Pick a company name that isn't too generic. If you do a search engine search for your proposed name and a billion results come up, you may want to reconsider the name. It's much easier to come up in the search engines when your name is fairly unique.

Numerous company naming issues are discussed in more detail in this article: Naming a Company.

On a final note, given that you are planning on starting a business in Ely, it's critical that you ensure that no other Nevada company is using the business name you want to use.

Make Sure You Have a Business Plan

A business plan is vital in maximizing the prospects of your new company. In effect, a business plan describes what you plan to do with the business and how you plan to do it. 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 face-to-face free consulting available from your local SCORE chapter in Nevada.

Never Give Up

As an entrepreneur in Ely, 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 Ely businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Ely 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 Ely, Nevada

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

• Resources for Ely, Nevada Entrepreneurs - Browse a variety of resources we've collected to assist Ely entrepreneurs.
• Nevada Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Nevada.
• Nevada Small Business Development Center - The Nevada Small Business Development Center is a statewide business assistance outreach program of the University of Nevada, Reno and the University of Nevada, Las Vegas. They provide an abundance of free and low cost information, assistance, counseling and training for Nevada Businesses.
• Ely, Nevada Newspaper Ad Rates - This is a nearly comprehensive list of advertising rates for Ely, Nevada newspapers, including ad costs for newspapers serving the Ely area.
• Ely, Nevada Radio Advertising Prices - To help you in your marketing efforts, we've gathered radio advertising rates for Ely, Nevada area radio stations.

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