Start a Business in Rathdrum, Idaho

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

Will You Be a Good Entrepreneur?

Most new companies fail, in part because the entrepreneur did not have the entrepreneurial skills and traits needed to succeed. So, before you start your business, consider all of the implications of being an entrepreneur.

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

• Speak with other entrepreneurs in Rathdrum. 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.

Rathdrum, Idaho Demographic Information

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

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

Business Size	# of Businesses
1-4 Employees	524
5-9 Employees	141
10-19 Employees	78
20-49 Employees	39
50-99 Employees	9
100-249 Employees	0
250-499 Employees	0
500-999 Employees	0
1000+ Employees	0
All Rathdrum Businesses	791

As a new Rathdrum entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Rathdrum 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
Advertising Agencies	1
Armored Car Services	1
Beer, Wine, and Liquor Stores	2
Boat Dealers	1
Book Publishers	1
Child Day Care Services	2
Community Food Services	1
Computer and Software Stores	1
Computer Systems Design Services	1
Convenience Stores	1
Custom Computer Programming Services	1
Drinking Places (Alcoholic Beverages)	3
Drywall and Insulation Contractors	2
Electric Power Distribution	2
Electrical Contractors	5
Engineering Services	3
Environmental Consulting Services	1
Finish Carpentry Contractors	7
Fitness and Recreational Sports Centers	2
Food Service Contractors	1
Framing Contractors	10
Full-Service Restaurants	6
Funeral Homes and Funeral Services	1
General Freight Trucking, Local	3
General Rental Centers	1
Hardware Merchant Wholesalers	1
Hardware Stores	1
Home Furnishing Merchant Wholesalers	1
Industrial Mold Manufacturing	1
Insurance Agencies and Brokerages	3
Land Subdivision	2
Landscaping Services	7
Limited-Service Restaurants	8
Logging	6
Machine Shops	1
Manifold Business Forms Printing	1
Manufactured (Mobile) Home Dealers	1
Masonry Contractors	3
Motion Picture and Video Production	1
Motor Vehicle Body Manufacturing	1
Nail Salons	1
New Housing Operative Builders	2
Offices of Certified Public Accountants	1
Offices of Chiropractors	1
Offices of Dentists	2
Offices of Lawyers	1
Offices of Real Estate Appraisers	1
Painting and Wall Covering Contractors	1
Pet Care (except Veterinary) Services	1
Precision Turned Product Manufacturing	2
Residential Property Managers	1
Residential Remodelers	1
Roofing Contractors	4
Securities Brokerage	2
Septic Tank and Related Services	1
Sheet Metal Work Manufacturing	1
Siding Contractors	4
Site Preparation Contractors	7
Snack and Nonalcoholic Beverage Bars	2
Temporary Help Services	1
Tire Dealers	1
Tobacco Stores	1
Used Household and Office Goods Moving	2
Veterinary Services	2
Video Tape and Disc Rental	3
Wholesale Trade Agents and Brokers	2
Wired Telecommunications Carriers	1
Wood Container and Pallet Manufacturing	2
Wood Preservation	1

What About Buying an Existing Rathdrum Business?

We've created a handy website page for those who want to Buy a Business in Idaho. Follow that link and you may find several good businesses for sale in Rathdrum.

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

Do You Need a Business Plan?

A business plan is essential in laying a solid foundation for your business success. Simply put, your business plan is your game plan for how you hope to grow your business. Starting a business without a business plan is a recipe for disaster.

To learn more about business plans, read Free Business Plan Templates. A great resource for business planning assistance is the free counseling sessions provided by your local SCORE chapter in Idaho.

Getting the Word Out About Your New Company

To grow your Rathdrum business, having an excellent marketing plan is fundamental to your business achieving its goals.

We have some helpful resources on this site for entrepreneurs who are working on marketing plans. Promoting an Online Business discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just a taste of the many useful articles we have on Marketing a Small Business.

Increase Your Entrepreneurial Knowledge

Successful business owners know that they need to continually improve.

Given that you are starting a business in Rathdrum, Idaho, you should get information on some of the many programs available at nearby Idaho universities, colleges and community colleges. Another way to keep up on your learning is to investigate networking organizations for Rathdrum entrepreneurs.

What's Next?

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

Owning your own business will be a daunting task, but you can do it.

We are here to help Rathdrum businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Rathdrum 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 Rathdrum, Idaho

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

• Resources for Rathdrum, Idaho Entrepreneurs - Browse a variety of resources we've collected to assist Rathdrum 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.
• Rathdrum, Idaho Newspaper Ad Rates - This is a nearly comprehensive list of advertising rates for Rathdrum, Idaho newspapers, including ad costs for newspapers serving the Rathdrum area.

Starting-a-Business Guides for Other Cities in Idaho
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Starting a Business in Rexburg

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