Utah Business Startup Guides
Starting a Business in Tooele, Utah
Thinking about starting a business in Tooele, Utah? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Tooele.
Is Becoming a Business Owner Right for You?
Most new ventures don't make it, 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.
To determine whether you have what it takes to run a business, we recommend these three steps to help you decide:
- Reach out to other entrepreneurs in Tooele. Get their take on what it's really like to be an entrepreneur.
- Peruse Should You Become an Entrepreneur?. This is one of our more popular articles for folks who want to go into business for themselves.
- Have a candid conversation with friends and family. That's the best way to get a truly objective assessment as to whether others think you have what it takes.
Tooele, Utah Demographic Information
Tooele has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Tooele demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Tooele.
Businesses
As a new Tooele entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Tooele 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
Picking a Business 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.
Before you decide on a company name, run it by some prospective customers and see what they think. If they don't like it, it's probably a good idea to go back to the drawing board.
To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Business.
As a final piece of advice, remember that because you are starting a business in Tooele, it's imperative that you check now that no other Utah company is using the business name you want to use.
Startup Financing Basics
Getting your Tooele business the capital it needs to succeed is not an easy task. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.
Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled Angel Investors.
For Tooele entrepreneurs with great ambition but a shortage of investment capital, check out our List of Utah Angel Investors and our List of Utah Venture Capital Firms.
Bring in Revenues
Mastering the art of selling is essential if you want your new Tooele business to do well.
So what does it take to bring in more prospects and close more business? Let us help you refine your selling techniques through our many useful sales advice tips.
Sales Prospecting offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.
How to Improve Your Entrepreneurial Abilities
Good entrepreneurs recognize that they don't know everything.
With your business being located in Tooele, Utah, you will want to take advantage of the learning programs at local Utah educational institutions. It's also worthwhile to see if there are any networking groups or organizations in which Tooele entrepreneurs get together to network and trade their business experiences.
Moving Forward
Most new Tooele businesses underestimate the number of challenges they will face.
From this point on, you control your own destiny.
We are here to help Tooele businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Tooele, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Tooele, Utah
Here are more links that we believe will help you be successful in starting a business in Tooele.
- Resources for Tooele, Utah Entrepreneurs - Browse a variety of resources we've collected to assist Tooele entrepreneurs.
- Utah Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Utah.
- Utah Small Business Development Center - The Utah Small Business Development Centers will lead the way in entrepreneurial education, advocacy, and business development statewide.
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