New Mexico Business Startup Guides
Opening a Business in Placitas, New Mexico
Contemplating starting a business in Placitas, New Mexico? We walk you through the process of opening a business in Placitas.
Will You Be a Good Entrepreneur?
Before announcing to the world that you are going to start your own business, consider your entrepreneurial instincts and capabilities.
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:
- Speak with other entrepreneurs in Placitas. They are usually very willing to share their insights on the ups and downs of being an entrepreneur.
- You should read The Entrepreneurial Personality. It's a good read for those who are thinking about becoming an entrepreneur.
- Reach out to a trusted acquaintance. Others sometimes know you better than you know yourself.
Placitas, New Mexico Demographic Information
Placitas has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Placitas demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Placitas.
Businesses
As a new Placitas entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Placitas 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.
Businesses
What About Buying an Existing Placitas Business?
We've created a helpful website page for those who want to Buy a Business in New Mexico. Follow that link and you may find several good businesses for sale in Placitas.
If you are headed down the path of buying a business, you may want to read this article: How to Buy a Business.
Choosing a Company Name
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.
Even if the name doesn't do it by itself, many naming experts believe there should be a story behind the name that ties into your company mission.
For other considerations regarding naming a company, we recommend this article: Branding Advice.
There's one other important factor when naming a business. Since you are opening a business in Placitas, it's very important that you make sure your company name has not already been claimed by another New Mexico business.
Company Formation in Placitas, New Mexico
It's very important that your business is formed as a legal entity that is separate from its owners. Doing so will shield you from personal liability for business debts and obligations.
When forming a company, you will pick from many company types, such as a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporating 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. Just because you are starting a business in New Mexico, you don't necessarily have to incorporate in New Mexico. As it turns out, you are allowed to incorporate in the state of your choosing. However, if you do incorporate in another state, you'll have to register as a foreign corporation in your home state.
There's a lot to know about forming a company. To learn the basics of company formation, browse articles on our site, such as Piercing the Corporate Veil. You may also want to seek the advice of an lawyer. On a final note, since you will be starting a business in Placitas, New Mexico, our web page covering Incorporating in New Mexico may be a useful resource if you decide to incorporate in New Mexico.
Marketing Your New Venture
Whether your goal is to attract Placitas customers or you plan on selling elsewhere, you'll need to have a good marketing plan.
You can learn plenty about marketing on our site. Sponsoring Local Events is a good read to get your marketing ideas flowing. That's just one of the many useful articles we have on Marketing a Small Business.
Learning More About Entrepreneurship
The best entrepreneurs know that they don't know everything.
Given that you are starting a business in Placitas, New Mexico, you should get information on some of the many programs available at nearby New Mexico universities, colleges and community colleges. You should also check if there are any networking organizations for Placitas entrepreneurs.
What's Next?
You have a dream -- starting a business in Placitas. 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 Placitas 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 Placitas, New Mexico
Here are more links that we believe will help you be successful in starting a business in Placitas.
- Resources for Placitas, New Mexico Entrepreneurs - Browse a variety of resources we've collected to assist Placitas entrepreneurs.
- New Mexico Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in New Mexico.
- New Mexico Small Business Development Center - New Mexico Small Business Development Centers provide quality direct assistance, entrepreneurial education and resource links for potential and existing small businesses to strengthen the economy of New Mexico.
Starting-a-Business Guides for Other Cities in New Mexico
Starting a Business in Moriarty
Starting a Business in Portales
Browse All Business Startup Guides for New Mexico
Starting a Business Guides for Other States
Share this article
Additional Resources for Entrepreneurs