October 20, 2014  
 
  Entrepreneurial Resources - Advice for Utah Entrepreneurs  
  Salt Lake City, Utah Resources for Entrepreneurs  
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Open a Business in Salt Lake City, Utah

Need help starting a business in Salt Lake City, Utah? We've got the information you need to open a business in Salt Lake City.

Will You Be a Successful Entrepreneur?

An entrepreneurial life is hard work, much more challenging than working as an employee. Are you sure you have the stamina and skills to succeed on your own?

Before you move forward with starting a business, be sure to do these three things:

  • Talk to other entrepreneurs in Salt Lake City. 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.

Salt Lake City, Utah Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 29760
5-9 Employees 10819
10-19 Employees 7644
20-49 Employees 5739
50-99 Employees 2112
100-249 Employees 1248
250-499 Employees 309
500-999 Employees 129
1000+ Employees 66
All Salt Lake City Businesses 57826

As a new Salt Lake City entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Salt Lake City 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
Abrasive Product Manufacturing 1
Advertising Agencies 64
Aluminum Foundries (except Die-Casting) 2
Ambulance Services 2
Amusement and Theme Parks 1
Amusement Arcades 7
Appliance Repair and Maintenance 18
Apprenticeship Training 6
Architectural Services 111
Armored Car Services 7
Art Dealers 11
Audio and Video Equipment Manufacturing 6
Automatic Vending Machine Manufacturing 2
Automobile Driving Schools 2
Automobile Manufacturing 1
Automotive Exhaust System Repair 8
Automotive Glass Replacement Shops 26
Automotive Parts and Accessories Stores 86
Automotive Transmission Repair 22
Baked Goods Stores 11
Barber Shops 5
Beauty Salons 186
Bed-and-Breakfast Inns 7
Beer and Ale Merchant Wholesalers 3
Beer, Wine, and Liquor Stores 16
Blind and Shade Manufacturing 4
Blood and Organ Banks 5
Boat Dealers 7
Book Publishers 10
Book Stores 31
Books Printing 5
Bowling Centers 6
Breweries 2
Broadwoven Fabric Finishing Mills 1
Building Inspection Services 10
Burial Casket Manufacturing 1
Business and Secretarial Schools 3
Business Associations 47
Business to Business Electronic Markets 3
Cable and Other Program Distribution 6
Cafeterias 11
Camera and Photographic Supplies Stores 10
Canvas and Related Product Mills 4
Car Washes 35
Carpet and Rug Mills 1
Carpet and Upholstery Cleaning Services 20
Caterers 31
Cemeteries and Crematories 7
Charter Bus Industry 4
Child and Youth Services 25
Child Day Care Services 107
Children's and Infants' Clothing Stores 17
Civic and Social Organizations 60
Claims Adjusting 14
Clothing Accessories Stores 21
Coin-Operated Laundries and Drycleaners 22
Collection Agencies 23
Commercial Bakeries 11
Commercial Flexographic Printing 5
Commercial Gravure Printing 1
Commercial Lithographic Printing 44
Commercial Photography 15
Commercial Screen Printing 17
Commodity Contracts Dealing 1
Community Food Services 8
Computer and Software Stores 45
Computer Facilities Management Services 7
Computer Storage Device Manufacturing 1
Computer Systems Design Services 68
Computer Training 4
Concrete Block and Brick Manufacturing 4
Concrete Pipe Manufacturing 1
Confectionery and Nut Stores 12
Confectionery Merchant Wholesalers 7
Construction Machinery Manufacturing 3
Construction Sand and Gravel Mining 3
Consumer Lending 49
Continuing Care Retirement Communities 7
Convenience Stores 52
Convention and Trade Show Organizers 18
Convention and Visitors Bureaus 4
Cookie and Cracker Manufacturing 2
Copper Foundries (except Die-Casting) 2
Copper Ore and Nickel Ore Mining 1
Cosmetology and Barber Schools 5
Couriers 32
Court Reporting and Stenotype Services 15
Credit Bureaus 9
Credit Card Issuing 6
Credit Unions 106
Curtain and Drapery Mills 5
Custom Compounding of Purchased Resins 2
Custom Computer Programming Services 120
Custom Roll Forming 2
Cut Stock, Resawing Lumber, and Planing 2
Dance Companies 3
Deep Sea Freight Transportation 1
Dental Laboratories 29
Diagnostic Imaging Centers 20
Diet and Weight Reducing Centers 6
Digital Printing 12
Dimension Stone Mining and Quarrying 1
Direct Life Insurance Carriers 37
Direct Mail Advertising 10
Direct Title Insurance Carriers 24
Directory and Mailing List Publishers 7
Discount Department Stores 13
Display Advertising 11
Document Preparation Services 20
Drafting Services 22
Drilling Oil and Gas Wells 1
Drinking Places (Alcoholic Beverages) 86
Drive-In Motion Picture Theaters 1
Drywall and Insulation Contractors 67
Educational Support Services 16
Electric Power Distribution 41
Electrical Contractors 153
Electronic Auctions 1
Electronic Computer Manufacturing 2
Electronic Shopping 26
Elementary and Secondary Schools 29
Emergency and Other Relief Services 4
Employment Placement Agencies 27
Engineering Services 186
Envelope Manufacturing 1
Environmental Consulting Services 33
Exam Preparation and Tutoring 14
Exterminating and Pest Control Services 9
Facilities Support Services 11
Family Clothing Stores 67
Family Planning Centers 5
Farm Labor Contractors and Crew Leaders 1
Farm Management Services 1
Farm Supplies Merchant Wholesalers 5
Fertilizer (Mixing Only) Manufacturing 1
Fine Arts Schools 27
Finish Carpentry Contractors 75
Fish and Seafood Markets 1
Fish and Seafood Merchant Wholesalers 2
Fitness and Recreational Sports Centers 61
Flight Training 3
Floor Covering Stores 38
Flooring Contractors 52
Florists 30
Flour Milling 1
Fluid Milk Manufacturing 2
Folding Paperboard Box Manufacturing 2
Food (Health) Supplement Stores 18
Food Product Machinery Manufacturing 1
Food Service Contractors 51
Footwear and Leather Goods Repair 3
Footwear Merchant Wholesalers 2
Formal Wear and Costume Rental 9
Framing Contractors 42
Freight Transportation Arrangement 42
Frozen Specialty Food Manufacturing 1
Fruit and Vegetable Markets 2
Full-Service Restaurants 376
Funeral Homes and Funeral Services 15
Furniture Merchant Wholesalers 16
Furniture Stores 85
General Automotive Repair 195
General Freight Trucking, Local 45
General Medical and Surgical Hospitals 10
General Rental Centers 9
General Warehousing and Storage 40
Gift, Novelty, and Souvenir Stores 74
Glass and Glazing Contractors 15
Gold Ore Mining 6
Golf Courses and Country Clubs 5
Grantmaking Foundations 23
Graphic Design Services 78
Greeting Card Publishers 1
Gum and Wood Chemical Manufacturing 1
Gypsum Product Manufacturing 1
Hand and Edge Tool Manufacturing 4
Hardware Manufacturing 1
Hardware Merchant Wholesalers 30
Hardware Stores 16
Hazardous Waste Collection 1
Hazardous Waste Treatment and Disposal 3
Historical Sites 1
Hobby, Toy, and Game Stores 31
Home Centers 9
Home Furnishing Merchant Wholesalers 24
Home Health Care Services 39
Home Health Equipment Rental 5
Homes for the Elderly 14
Household Appliance Stores 26
Human Rights Organizations 7
Hunting and Trapping 1
Ice Manufacturing 2
Industrial Building Construction 5
Industrial Design Services 3
Industrial Launderers 9
Industrial Mold Manufacturing 7
Industrial Pattern Manufacturing 2
Industrial Valve Manufacturing 1
Insurance Agencies and Brokerages 417
Interior Design Services 42
Internet Publishing and Broadcasting 11
Internet Service Providers 24
Interurban and Rural Bus Transportation 2
Investigation Services 7
Investment Advice 95
Iron and Steel Forging 1
Iron Foundries 1
Iron Ore Mining 1
Irradiation Apparatus Manufacturing 3
Janitorial Services 174
Jewelry (except Costume) Manufacturing 6
Jewelry Stores 64
Junior Colleges 6
Kidney Dialysis Centers 6
Land Subdivision 44
Landscape Architectural Services 18
Landscaping Services 147
Language Schools 1
Lessors of Other Real Estate Property 15
Libraries and Archives 4
Limited-Service Restaurants 511
Limousine Service 3
Linen Supply 4
Livestock Merchant Wholesalers 1
Local Messengers and Local Delivery 15
Locksmiths 6
Logging 1
Luggage and Leather Goods Stores 1
Luggage Manufacturing 2
Machine Shops 58
Mail-Order Houses 33
Manifold Business Forms Printing 5
Manufactured (Mobile) Home Dealers 5
Marinas 1
Marketing Consulting Services 70
Marking Device Manufacturing 5
Masonry Contractors 48
Materials Recovery Facilities 1
Mattress Manufacturing 7
Meat Markets 7
Meat Processed from Carcasses 4
Media Buying Agencies 3
Media Representatives 5
Medical Laboratories 21
Medicinal and Botanical Manufacturing 2
Men's Clothing Stores 19
Metal Household Furniture Manufacturing 3
Metal Stamping 2
Metal Tank (Heavy Gauge) Manufacturing 5
Metal Window and Door Manufacturing 4
Mineral Wool Manufacturing 2
Miscellaneous Intermediation 21
Mobile Food Services 4
Monetary Authorities-Central Bank 1
Mortgage and Nonmortgage Loan Brokers 136
Motion Picture and Video Distribution 2
Motion Picture and Video Production 50
Motor Vehicle Body Manufacturing 4
Motor Vehicle Towing 20
Motorcycle Dealers 13
Museums 5
Music Publishers 2
Musical Groups and Artists 6
Musical Instrument and Supplies Stores 15
Musical Instrument Manufacturing 3
Nail Salons 12
Narrow Fabric Mills 1
Natural Gas Distribution 5
Natural Gas Liquid Extraction 1
New Car Dealers 46
New Housing Operative Builders 25
News Dealers and Newsstands 2
News Syndicates 4
Newspaper Publishers 7
Nonclay Refractory Manufacturing 1
Nonresidential Property Managers 64
Nursing Care Facilities 32
Office Administrative Services 128
Office Equipment Merchant Wholesalers 28
Office Machinery Manufacturing 1
Office Supplies and Stationery Stores 31
Offices of Bank Holding Companies 3
Offices of Certified Public Accountants 182
Offices of Chiropractors 68
Offices of Dentists 393
Offices of Lawyers 532
Offices of Optometrists 29
Offices of Other Holding Companies 16
Offices of Podiatrists 26
Offices of Real Estate Appraisers 69
One-Hour Photofinishing 3
Open-End Investment Funds 2
Ophthalmic Goods Manufacturing 6
Ophthalmic Goods Merchant Wholesalers 7
Optical Goods Stores 45
Outdoor Power Equipment Stores 6
Packaging and Labeling Services 9
Packaging Machinery Manufacturing 1
Packing and Crating 4
Paging 2
Paint and Coating Manufacturing 2
Paint and Wallpaper Stores 15
Painting and Wall Covering Contractors 93
Parking Lots and Garages 43
Passenger Car Leasing 2
Passenger Car Rental 30
Payroll Services 41
Periodical Publishers 21
Perishable Prepared Food Manufacturing 3
Pet and Pet Supplies Stores 20
Pet Care (except Veterinary) Services 20
Petroleum Bulk Stations and Terminals 11
Petroleum Refineries 2
Pharmacies and Drug Stores 46
Photography Studios, Portrait 37
Pipeline Transportation of Crude Oil 1
Pipeline Transportation of Natural Gas 4
Plastics Bottle Manufacturing 4
Plastics Plumbing Fixture Manufacturing 2
Plate Work Manufacturing 4
Political Organizations 10
Polystyrene Foam Product Manufacturing 3
Portfolio Management 37
Poultry Processing 1
Precision Turned Product Manufacturing 2
Prepress Services 5
Printing Ink Manufacturing 4
Private Mail Centers 13
Professional Employer Organizations 15
Professional Organizations 26
Public Relations Agencies 25
Quick Printing 21
Racetracks 1
Radio Networks 1
Radio Stations 22
Ready-Mix Concrete Manufacturing 6
Real Estate Credit 97
Real Estate Investment Trusts 1
Record Production 1
Recreational Goods Rental 5
Recreational Vehicle Dealers 10
Refrigerated Warehousing and Storage 3
Reinsurance Carriers 1
Remediation Services 8
Repossession Services 8
Residential Property Managers 93
Residential Remodelers 115
Retail Bakeries 30
Reupholstery and Furniture Repair 13
Roofing Contractors 53
Rooming and Boarding Houses 10
Sales Financing 31
Satellite Telecommunications 2
Savings Institutions 30
Scheduled Freight Air Transportation 3
Scheduled Passenger Air Transportation 12
Secondary Market Financing 1
Securities Brokerage 81
Security Guards and Patrol Services 13
Septic Tank and Related Services 5
Setup Paperboard Box Manufacturing 2
Sheet Metal Work Manufacturing 26
Shellfish Fishing 1
Ship Building and Repairing 1
Shoe Stores 55
Siding Contractors 17
Sign Manufacturing 28
Silverware and Hollowware Manufacturing 1
Site Preparation Contractors 49
Small Arms Manufacturing 2
Snack and Nonalcoholic Beverage Bars 88
Soap and Other Detergent Manufacturing 2
Soft Drink Manufacturing 3
Software Publishers 36
Software Reproducing 5
Solid Waste Collection 13
Solid Waste Landfill 2
Sound Recording Studios 2
Special Needs Transportation 2
Sporting Goods Stores 71
Sports and Recreation Instruction 24
Sports Teams and Clubs 5
Steam and Air-Conditioning Supply 1
Steel Foundries (except Investment) 1
Steel Investment Foundries 1
Steel Wire Drawing 1
Support Activities for Coal Mining 1
Support Activities for Metal Mining 1
Surface-Coated Paperboard Manufacturing 1
Tax Preparation Services 42
Taxi Service 4
Telecommunications Resellers 17
Telemarketing Bureaus 21
Telephone Answering Services 6
Telephone Apparatus Manufacturing 2
Television Broadcasting 10
Temporary Help Services 93
Temporary Shelters 5
Testing Laboratories 21
Textile Bag Mills 7
Theater Companies and Dinner Theaters 11
Tile and Terrazzo Contractors 44
Tire and Tube Merchant Wholesalers 12
Tire Dealers 55
Tire Retreading 4
Title Abstract and Settlement Offices 27
Tobacco Stores 16
Toilet Preparation Manufacturing 1
Tortilla Manufacturing 4
Tour Operators 11
Tradebinding and Related Work 13
Translation and Interpretation Services 9
Travel Agencies 50
Travel Trailer and Camper Manufacturing 2
Truck Trailer Manufacturing 1
Truss Manufacturing 4
Used Car Dealers 68
Used Household and Office Goods Moving 22
Used Merchandise Stores 33
Vending Machine Operators 15
Veterinary Services 42
Video Tape and Disc Rental 34
Vocational Rehabilitation Services 16
Voluntary Health Organizations 21
Warehouse Clubs and Supercenters 10
Water Supply and Irrigation Systems 9
Web Search Portals 2
Wholesale Trade Agents and Brokers 158
Window Treatment Stores 6
Wired Telecommunications Carriers 79
Women's Clothing Stores 60
Wood Container and Pallet Manufacturing 5
Wood Office Furniture Manufacturing 1
Wood Window and Door Manufacturing 4
Zoos and Botanical Gardens 3

Should You Franchise?

Visit the business district of Salt Lake City and it's apparent that franchising has become a very popular way to start a business. But is franchising the right option for you?

Our advice is to consider franchising as an option. We have many articles on franchises, such as Selling A Franchise. Get a thorough education on franchising by browsing all of our Articles on Franchising.

To learn about specific franchise opportunities, check out our Franchise Directory.

Sample franchise opportunities include Silver Cross and The Grout Medic. Alternatively, you can browse franchise categories, such as Hotel and Motel Franchises and Kitchen Design Franchises.

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

Have You Considered Buying an Existing Salt Lake City Business?

If you have some capital to play with, you may want to Buy a Business in Utah. Follow that link and you might discover several good businesses for sale in Salt Lake City.

If you are serious about buying a business, you may want to read this article: Buying a Business.

Company Formation in Salt Lake City, Utah

It's essential 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.

The entity you form can be a corporation, LLC, sole proprietorship, partnership or other structure.

Incorporating is a very common way to legally create a business entity. Of course, you have to decide which type of corporation to form and where to incorporate. Just because you are starting a business in Utah, you don't necessarily have to incorporate in Utah. In fact, you can incorporate in any state you would like to. For example, it's very popular to incorporate in Delaware, and incorporating in Nevada has become very trendy as well. Don't forget, though, that you will have to register as a foreign entity in all states that you do business in.

There's a lot to know about forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Nevada Incorporation. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Salt Lake City, Utah, our information on Incorporating in Utah may be a useful resource if you decide to incorporate in Utah.

Don't Forget to Create a Business Plan

Having a business plan is critical in laying a solid foundation for your business success. In effect, a business plan describes what you plan to do with the business and how you plan to do it. Failure to write a business plan makes you more prone to becoming a business failure statistic.

To learn more about business plans, read Business Plan Contests. You should also take advantage of free business counselors available to you through your local SCORE chapter in Utah.

Letting the World Know You Exist

To rise above the crowd in Salt Lake City and build your business, you'll need to have a good marketing plan.

We have some helpful resources on this site for entrepreneurs who are working on marketing plans. Newspaper Advertising Costs is an article that will stimulate a few thoughts on your marketing plan. That's just a sampling of the many useful articles we have on Marketing a Small Business.

What's Next?

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

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

Our goal here is to promote the vitality and growth of small businesses in Salt Lake City and throughout the United States . We want to be there for you to answer your business questions, whether you are a new Salt Lake City 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 Salt Lake City, Utah

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

 

 

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