Starting a Business in Jerome, Idaho

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

Will You Be a Good Entrepreneur?

Being an entrepreneur is hard work, much harder than working as an employee. Are you sure you have the stamina and skills to succeed on your own?

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

• Talk to other entrepreneurs in Jerome. They are usually very willing to share their insights on the ups and downs of being an entrepreneur.
• We recommend reading Why Small Businesses Fail. For aspiring new entrepreneurs, it's a must read article.
• Get feedback from somebody whom you trust. Others sometimes know you better than you know yourself.

Jerome, Idaho Demographic Information

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

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

Business Size	# of Businesses
1-4 Employees	3490
5-9 Employees	1560
10-19 Employees	930
20-49 Employees	420
50-99 Employees	90
100-249 Employees	45
250-499 Employees	45
500-999 Employees	0
1000+ Employees	0
All Jerome Businesses	6580

As a new Jerome entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Jerome 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
Aircraft Manufacturing	1
Ambulance Services	1
Animal (except Poultry) Slaughtering	1
Appliance Repair and Maintenance	1
Automotive Glass Replacement Shops	2
Automotive Parts and Accessories Stores	3
Automotive Transmission Repair	1
Beauty Salons	5
Beer, Wine, and Liquor Stores	1
Business Associations	1
Car Washes	2
Carpet and Upholstery Cleaning Services	2
Cemeteries and Crematories	1
Cheese Manufacturing	1
Child and Youth Services	2
Child Day Care Services	3
Civic and Social Organizations	2
Consumer Lending	1
Credit Unions	1
Crop Harvesting, Primarily by Machine	1
Custom Computer Programming Services	1
Dental Laboratories	1
Diet and Weight Reducing Centers	1
Drafting Services	1
Drinking Places (Alcoholic Beverages)	4
Drywall and Insulation Contractors	1
Electrical Contractors	6
Elementary and Secondary Schools	1
Engineering Services	1
Environmental Consulting Services	1
Farm Supplies Merchant Wholesalers	7
Fertilizer (Mixing Only) Manufacturing	1
Finish Carpentry Contractors	2
Fitness and Recreational Sports Centers	2
Florists	1
Fluid Milk Manufacturing	1
Framing Contractors	1
Freight Transportation Arrangement	2
Full-Service Restaurants	8
General Automotive Repair	8
General Freight Trucking, Local	9
General Medical and Surgical Hospitals	1
General Rental Centers	1
General Warehousing and Storage	2
Golf Courses and Country Clubs	3
Hardware Stores	1
Heating Oil Dealers	1
Home Health Care Services	1
Homes for the Elderly	2
Industrial Launderers	1
Insurance Agencies and Brokerages	4
Investigation Services	1
Janitorial Services	1
Jewelry Stores	1
Landscaping Services	9
Lessors of Other Real Estate Property	1
Limited-Service Restaurants	8
Luggage and Leather Goods Stores	1
Machine Shops	2
Manufactured (Mobile) Home Dealers	3
Masonry Contractors	3
Meat Markets	2
Motor Vehicle Towing	1
New Car Dealers	4
New Housing Operative Builders	1
Newspaper Publishers	1
Nonresidential Property Managers	1
Office Administrative Services	2
Offices of Certified Public Accountants	2
Offices of Chiropractors	1
Offices of Dentists	5
Offices of Lawyers	2
Offices of Optometrists	1
Offices of Podiatrists	1
Painting and Wall Covering Contractors	3
Periodical Publishers	1
Pet and Pet Supplies Stores	1
Pharmacies and Drug Stores	2
Photography Studios, Portrait	1
Plastics Bag Manufacturing	1
Polystyrene Foam Product Manufacturing	1
Radio Stations	1
Ready-Mix Concrete Manufacturing	2
Real Estate Credit	1
Recreational Vehicle Dealers	2
Residential Remodelers	3
Retail Bakeries	1
Roofing Contractors	1
Rope, Cordage, and Twine Mills	1
Sales Financing	2
Savings Institutions	3
School and Employee Bus Transportation	2
Securities Brokerage	2
Septic Tank and Related Services	3
Siding Contractors	3
Site Preparation Contractors	1
Snack and Nonalcoholic Beverage Bars	1
Software Publishers	1
Solid Waste Collection	1
Spice and Extract Manufacturing	1
Support Activities for Forestry	1
Testing Laboratories	4
Tire Dealers	2
Title Abstract and Settlement Offices	1
Tobacco Stores	2
Travel Agencies	2
Used Car Dealers	2
Used Merchandise Stores	1
Veterinary Services	11
Video Tape and Disc Rental	1
Warehouse Clubs and Supercenters	1
Water Supply and Irrigation Systems	2
Wholesale Trade Agents and Brokers	1
Window Treatment Stores	1
Wired Telecommunications Carriers	3

Is Franchising a Better Option?

Browse the Yellow Pages for Jerome and you'll see that franchises make up a large percentage of local businesses. But is franchising the right option for you?

Most business experts recommend that you look into purchasing a franchise. We have many articles on franchises, such as How to Franchise. Become a franchising expert of sorts by reading more of our Articles on Franchising.

A comprehensive list of franchisors is available via our List of Franchise Opportunities.

Sample franchise opportunities include Humpty's Restaurants International and Maintenance Made Simple. Alternatively, you can browse franchise categories, such as Business Services Franchises and Child Education and Tutoring Franchises.

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

Naming the Company

A good company name can give a big boost to a new startup. It might seem like an easy thing to do, but there are many things to consider when naming a business.

We strongly advocate that you make sure the ".com" domain name is available for your company name. Every business needs a strong Web presence these days, and having a non ".com" domain means somebody else may outrank you in the search results for your own company name.

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

There's one other important factor when naming a business. Since you are planning on starting a business in Jerome, it's critical that you ensure that no other Idaho company is using the business name you want to use.

Forming a Company in Jerome, Idaho

It's essential that you form your business as a legal structure. Doing so will shield you from personal liability for business debts and obligations.

The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.

Incorporation is a very popular way to form a business. A key decision is whether to form and S-Corp or a C-Corp, and you also must decide in which state you will incorporate. If you are starting a business in Idaho, you don't necessarily have to incorporate in Idaho. In fact, you can incorporate in any state you would like to. 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 Pre-Incorporation Agreements. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Jerome, Idaho, our information on Incorporating in Idaho may be a useful resource if you decide to incorporate in Idaho.

Startup Financing Basics

Getting your Jerome business the capital it needs to succeed is very difficult due to the ongoing business credit crunch. If you don't have a rich uncle to fund you, you'll need to be creative in how you approach your fundraising efforts.

Take advantage of our many articles on raising capital, such as Attracting Investors.

For Jerome entrepreneurs in need of startup financing, browse our List of Idaho Angel Investors and our List of Idaho Venture Capital Firms.

Learning More About Entrepreneurship

Good entrepreneurs recognize that they need to continually improve.

With your business being located in Jerome, Idaho, you will want to take advantage of the many programs available at nearby Idaho universities, colleges and community colleges. It's also worthwhile to see if there are any Jerome networking organizations.

What's Next?

As an entrepreneur in Jerome, you won't be working for the boss anymore. You are the boss.

If you choose the right business and love what you do, you will greatly increase your odds of success.

We are here to help Jerome businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Jerome, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Jerome, Idaho

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

• Resources for Jerome, Idaho Entrepreneurs - Browse a variety of resources we've collected to assist Jerome entrepreneurs.
• Idaho Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Idaho.
• Idaho Small Business Development Center - The Idaho Small Business Development Center (Idaho SBDC) is a university-based organization offering a wealth of free and low-cost services to help small businesses and entrepreneurs be successful.
• Jerome, Idaho Newspaper Ad Rates - This is a nearly comprehensive list of advertising rates for Jerome, Idaho newspapers, including ad costs for newspapers serving the Jerome area.
• Jerome, Idaho Radio Advertising Prices - To help you in your marketing efforts, we've gathered radio advertising rates for Jerome, Idaho area radio stations.
• Jerome, Idaho Payroll Services - This list includes Jerome, Idaho payroll services, national payroll services for Jerome, and helpful information on choosing a Jerome payroll service.
• Jerome, Idaho Businesses for Sale - This list includes resources for buying a business in Jerome, Idaho, such as business brokers in Jerome and other helpful information on how to buy a Jerome business.

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