November 15, 2018  
 
  Entrepreneurial Resources - Advice for Arizona Entrepreneurs  
  Kayenta, Arizona Resources for Entrepreneurs  
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Open a Business in Kayenta, Arizona

Need help starting a business in Kayenta, Arizona? We've got the information you need to open a business in Kayenta.

Do You Have Entrepreneurial Drive and Passion?

Most startup companies don't make it, in part because the founder did not have the perseverance and abilities that are necessary to succeed. So, before you start your business, consider all of the implications of being an entrepreneur.

Because entrepreneurship is not for everyone, we recommend you do the following to help you assess whether you should move forward with starting a business:

  • Talk to other entrepreneurs in Kayenta. Get their candid feedback on what it takes to start a successful business.
  • 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. A support network of family and friends can be a great sounding board for good advice before you decide for sure to go into business.

Kayenta, Arizona Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 54
5-9 Employees 39
10-19 Employees 27
20-49 Employees 24
50-99 Employees 9
100-249 Employees 3
250-499 Employees 3
500-999 Employees 0
1000+ Employees 0
All Kayenta Businesses 159

As a new Kayenta entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Kayenta 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
Child and Youth Services 1
Elementary and Secondary Schools 1
Food Service Contractors 1
Full-Service Restaurants 4
Jewelry Stores 1
Kidney Dialysis Centers 1
Lessors of Other Real Estate Property 1
Limited-Service Restaurants 3
Motor Vehicle Towing 1
Offices of Chiropractors 1
Site Preparation Contractors 2
Tax Preparation Services 1
Temporary Shelters 1
Testing Laboratories 1
Tour Operators 1
Video Tape and Disc Rental 1

Naming the Company

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.

Company names should be fun to say, and they should help people to understand what you do and how you differentiate yourself in the market.

To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Business.

On a final note, given that you are opening a business in Kayenta, it's imperative that you check now that no other Arizona company is using the business name you want to use.

Forming a Company in Kayenta, Arizona

A critical step is ensuring that you choose the right legal structure for your new entity. The primary advantage of forming your new business as a legal entity is that it separates your business liabilities from your personal liabilities.

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. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in Arizona, you don't necessarily have to incorporate in Arizona. As it turns out, you are allowed to 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 How to Incorporate. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Kayenta, Arizona, our information on Incorporating in Arizona may be a useful resource if you decide to incorporate in Arizona.

The Role of the Business Plan

A business plan is essential in maximizing the prospects of your new company. In effect, a business plan is a written description of the future you envision for your business. Not having a business plan is a recipe for disaster.

If you want more information on writing business plans, we recommend reading Business Plan Contests. A great resource for business planning assistance is the face-to-face free consulting available from your local SCORE chapter in Arizona.

Ramping Up Sales

Mastering the art of selling is a must if you want your new Kayenta business to do well.

Not knowing how to sell can result in lost customers and minimal market share. Let us help you refine your selling techniques through our many useful sales advice tips.

Hiring Good Sales People offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.

Now It's Up To You

Most new Kayenta businesses underestimate the number of challenges they will face.

From this point on, you control your own destiny.

This site is all about helping entrepreneurs in Kayenta 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 Kayenta, Arizona

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

  • Resources for Kayenta, Arizona Entrepreneurs - Browse a variety of resources we've collected to assist Kayenta entrepreneurs.
  • Arizona Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Arizona.
  • Arizona Small Business Development Center - Arizona’s Small Business Development Center Network is an innovative partnership between the state’s ten community college districts and the U.S. Small Business Administration. The network is the largest and most accessible source of assistance to Arizona businesses with fewer than 200 employees.
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Additional Resources for Entrepreneurs

Buying a Business

Writing a Business Plan

Raising Money

Incorporate

Small Business Marketing

Advertising Advice

Public Relations -

Customer Service Tips

Entrepreneurial Selling

Workplace Safety