Thinking about starting a business in Hobbs, New Mexico? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Hobbs.
What Business Are You Starting?
An important decision is what kind of business you want to start. We recommend that you read Free Business Ideas.
If you still are not sure what type of business to start, peruse the Good Businesses to Start section of our site. For example, you might be interested in our Opening a Ceramics Schools Business guide or our How to Start a Shower Doors & Enclosures Wholesale & Manufacturers Business guide.
Remember that you are starting a business in Hobbs. Some businesses will do better in Hobbs than others. Don't forget to review Hobbs demographics to see if there's a market for what you want to sell.
Hobbs, New Mexico Demographic Information
Hobbs has an active business community that includes small businesses,
mid-sized businesses and large businesses.
To give you a better feel for Hobbs demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Hobbs.
| Business Size | # of
Businesses |
| 1-4 Employees |
1474 |
| 5-9 Employees |
750 |
| 10-19 Employees |
474 |
| 20-49 Employees |
291 |
| 50-99 Employees |
93 |
| 100-249 Employees |
24 |
| 250-499 Employees |
15 |
| 500-999 Employees |
0 |
| 1000+ Employees |
0 |
| All Hobbs Businesses |
3121 |
As a new Hobbs entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Hobbs 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 |
| Amusement Arcades |
1 |
| Appliance Repair and Maintenance |
1 |
| Architectural Services |
1 |
| Automotive Glass Replacement Shops |
2 |
| Automotive Parts and Accessories Stores |
8 |
| Automotive Transmission Repair |
3 |
| Baked Goods Stores |
1 |
| Barber Shops |
1 |
| Beauty Salons |
5 |
| Beer and Ale Merchant Wholesalers |
1 |
| Beer, Wine, and Liquor Stores |
5 |
| Book Stores |
1 |
| Bowling Centers |
2 |
| Business Associations |
1 |
| Cafeterias |
1 |
| Car Washes |
5 |
| Carpet and Upholstery Cleaning Services |
2 |
| Caterers |
1 |
| Child and Youth Services |
1 |
| Child Day Care Services |
7 |
| Civic and Social Organizations |
8 |
| Clothing Accessories Stores |
2 |
| Commercial Lithographic Printing |
2 |
| Computer and Software Stores |
1 |
| Construction Machinery Manufacturing |
1 |
| Consumer Lending |
11 |
| Continuing Care Retirement Communities |
1 |
| Convenience Stores |
3 |
| Couriers |
2 |
| Court Reporting and Stenotype Services |
1 |
| Credit Unions |
1 |
| Custom Computer Programming Services |
2 |
| Dimension Stone Mining and Quarrying |
1 |
| Direct Life Insurance Carriers |
1 |
| Discount Department Stores |
1 |
| Drilling Oil and Gas Wells |
10 |
| Drinking Places (Alcoholic Beverages) |
2 |
| Drywall and Insulation Contractors |
3 |
| Educational Support Services |
2 |
| Electric Power Distribution |
2 |
| Electrical Contractors |
17 |
| Elementary and Secondary Schools |
1 |
| Emergency and Other Relief Services |
1 |
| Employment Placement Agencies |
1 |
| Engineering Services |
4 |
| Environmental Consulting Services |
2 |
| Exterminating and Pest Control Services |
3 |
| Facilities Support Services |
1 |
| Family Clothing Stores |
7 |
| Farm Labor Contractors and Crew Leaders |
1 |
| Farm Supplies Merchant Wholesalers |
1 |
| Fine Arts Schools |
2 |
| Finish Carpentry Contractors |
3 |
| Fitness and Recreational Sports Centers |
5 |
| Floor Covering Stores |
2 |
| Flooring Contractors |
1 |
| Florists |
2 |
| Food (Health) Supplement Stores |
2 |
| Food Service Contractors |
5 |
| Fossil Fuel Electric Power Generation |
1 |
| Freight Transportation Arrangement |
1 |
| Full-Service Restaurants |
27 |
| Funeral Homes and Funeral Services |
3 |
| Furniture Stores |
6 |
| General Automotive Repair |
10 |
| General Freight Trucking, Local |
6 |
| General Medical and Surgical Hospitals |
1 |
| General Rental Centers |
6 |
| Gift, Novelty, and Souvenir Stores |
2 |
| Glass and Glazing Contractors |
2 |
| Golf Courses and Country Clubs |
2 |
| Grantmaking Foundations |
1 |
| Graphic Design Services |
2 |
| Hardware Stores |
2 |
| Heating Oil Dealers |
1 |
| Hobby, Toy, and Game Stores |
1 |
| Home Centers |
2 |
| Home Health Care Services |
8 |
| Home Health Equipment Rental |
2 |
| Homes for the Elderly |
1 |
| Household Appliance Stores |
5 |
| Industrial Launderers |
1 |
| Insurance Agencies and Brokerages |
12 |
| Interior Design Services |
1 |
| Interurban and Rural Bus Transportation |
1 |
| Janitorial Services |
10 |
| Jewelry Stores |
3 |
| Landscaping Services |
4 |
| Limited-Service Restaurants |
32 |
| Locksmiths |
1 |
| Machine Shops |
6 |
| Manufactured (Mobile) Home Dealers |
1 |
| Meat Markets |
1 |
| Medical Laboratories |
1 |
| Miscellaneous Intermediation |
1 |
| Mortgage and Nonmortgage Loan Brokers |
3 |
| Motor Vehicle Towing |
1 |
| Motorcycle Dealers |
1 |
| Musical Groups and Artists |
3 |
| Musical Instrument and Supplies Stores |
1 |
| Natural Gas Liquid Extraction |
2 |
| New Car Dealers |
9 |
| New Housing Operative Builders |
1 |
| News Syndicates |
1 |
| Newspaper Publishers |
1 |
| Nursing Care Facilities |
3 |
| Office Administrative Services |
7 |
| Office Supplies and Stationery Stores |
2 |
| Offices of Certified Public Accountants |
9 |
| Offices of Chiropractors |
6 |
| Offices of Dentists |
9 |
| Offices of Lawyers |
15 |
| Offices of Optometrists |
3 |
| Offices of Other Holding Companies |
1 |
| Offices of Podiatrists |
1 |
| Offices of Real Estate Appraisers |
3 |
| Paging |
2 |
| Paint and Wallpaper Stores |
2 |
| Periodical Publishers |
1 |
| Pet Care (except Veterinary) Services |
1 |
| Petroleum Bulk Stations and Terminals |
2 |
| Pharmacies and Drug Stores |
3 |
| Photography Studios, Portrait |
1 |
| Pipeline Transportation of Natural Gas |
2 |
| Portfolio Management |
1 |
| Radio Stations |
3 |
| Ready-Mix Concrete Manufacturing |
1 |
| Real Estate Credit |
5 |
| Recreational Vehicle Dealers |
1 |
| Remediation Services |
2 |
| Residential Property Managers |
2 |
| Residential Remodelers |
2 |
| Retail Bakeries |
1 |
| Roofing Contractors |
6 |
| Sales Financing |
2 |
| Savings Institutions |
2 |
| Scheduled Passenger Air Transportation |
1 |
| School and Employee Bus Transportation |
2 |
| Securities Brokerage |
5 |
| Security Guards and Patrol Services |
2 |
| Septic Tank and Related Services |
4 |
| Shoe Stores |
4 |
| Siding Contractors |
1 |
| Sign Manufacturing |
1 |
| Site Preparation Contractors |
4 |
| Snack and Nonalcoholic Beverage Bars |
1 |
| Solid Waste Collection |
2 |
| Solid Waste Landfill |
1 |
| Soybean Processing |
1 |
| Special Needs Transportation |
3 |
| Sporting Goods Stores |
3 |
| Tax Preparation Services |
3 |
| Telephone Answering Services |
2 |
| Temporary Help Services |
7 |
| Temporary Shelters |
3 |
| Testing Laboratories |
2 |
| Theater Companies and Dinner Theaters |
1 |
| Tire and Tube Merchant Wholesalers |
1 |
| Tire Dealers |
2 |
| Tobacco Stores |
2 |
| Travel Agencies |
2 |
| Used Car Dealers |
4 |
| Used Merchandise Stores |
1 |
| Veterinary Services |
3 |
| Video Tape and Disc Rental |
1 |
| Vocational Rehabilitation Services |
1 |
| Warehouse Clubs and Supercenters |
1 |
| Wholesale Trade Agents and Brokers |
1 |
| Wired Telecommunications Carriers |
2 |
| Women's Clothing Stores |
3 |
Should You Franchise?
Visit the business district of Hobbs and you'll notice that many local entrepreneurs have gone the franchising route. But is franchising the right option for you?
We advise the entrepreneurs we work with to consider franchising as an option. We have many articles on franchises, such as Franchising Pros and Cons. Become a franchising expert of sorts by reading more of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Sample franchise opportunities include Global Pet Foods and Breeze Freeze Frozen Beverage Franchise. Alternatively, you can browse franchise categories, such as Home Inspection Franchises and Print and Sign Franchises.
Note on Hobbs Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Hobbs.
Naming the Company
A big decision when starting a company is choosing a company name. Believe it or not, choosing a good company name can be a big contributor to your business success.
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.
For other considerations regarding naming a company, we recommend this article: Naming a Company.
There's one other important factor when naming a business. Since you are starting a business in Hobbs, it's very important that you make sure no other New Mexico company is using the business name you want to use.
The Role of the Business Plan
Having a business plan is vital to the health of your new business. Simply put, a business plan is a written description of the future you envision for your business. Not having a business plan makes you more prone to becoming a business failure statistic.
To learn more about business plans, read Business Plan Contests. You can also get face-to-face free consulting available from your local SCORE chapter in New Mexico.
Improving Your Entrepreneurial Skillset
Good entrepreneurs recognize that they need to continually improve.
Given that you are starting a business in Hobbs, New Mexico, you will want to take advantage of the many programs available at nearby New Mexico universities, colleges and community colleges. It's also worthwhile to see if there are any Hobbs networking organizations.
Moving Forward
You have a dream -- starting a business in Hobbs. 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 Hobbs and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Hobbs, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Hobbs, New Mexico
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