August 8, 2020  
 
  Entrepreneurial Resources - Advice for Idaho Entrepreneurs  
  American Falls, Idaho Resources for Entrepreneurs  
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Start a Business in American Falls, Idaho

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

What Business Are You Starting?

There are many businesses that you can start. How do you know which type of business is right for you? You might get some good ideas about what kind of business to start by reading Free Business Ideas.

For step-by-step instructions on starting a variety of business types, visit the Good Businesses to Start section of our site. For example, you might be interested in our Opening a Balsa Wood Business guide or our Opening an Animated Signs & Displays Business guide.

Remember that starting a business in American Falls has some implications. Some businesses will do better in American Falls than others. Make sure you fully understand American Falls demographics before you lock in on your business idea.

American Falls, Idaho Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 233
5-9 Employees 93
10-19 Employees 30
20-49 Employees 27
50-99 Employees 9
100-249 Employees 3
250-499 Employees 0
500-999 Employees 3
1000+ Employees 0
All American Falls Businesses 398

As a new American Falls entrepreneur, you may also be interested in the table below. It shows how many businesses there are in American Falls 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
Automotive Parts and Accessories Stores 2
Beauty Salons 1
Bowling Centers 1
Car Washes 1
Child Day Care Services 1
Civic and Social Organizations 1
Coin-Operated Laundries and Drycleaners 1
Collection Agencies 1
Community Food Services 1
Computer and Software Stores 1
Consumer Lending 1
Drinking Places (Alcoholic Beverages) 2
Electric Power Distribution 1
Electrical Contractors 3
Farm Product Warehousing and Storage 1
Farm Supplies Merchant Wholesalers 2
Fertilizer (Mixing Only) Manufacturing 1
Finish Carpentry Contractors 1
Fitness and Recreational Sports Centers 1
Florists 1
Full-Service Restaurants 8
Funeral Homes and Funeral Services 1
General Automotive Repair 3
General Freight Trucking, Local 2
General Medical and Surgical Hospitals 1
Gift, Novelty, and Souvenir Stores 1
Grantmaking Foundations 1
Heating Oil Dealers 1
Insurance Agencies and Brokerages 4
Landscaping Services 1
Limited-Service Restaurants 1
Newspaper Publishers 1
Nitrogenous Fertilizer Manufacturing 1
Offices of Certified Public Accountants 2
Offices of Dentists 1
Offices of Lawyers 1
Offices of Optometrists 1
Offices of Real Estate Appraisers 1
Painting and Wall Covering Contractors 1
Pharmacies and Drug Stores 1
Real Estate Credit 1
School and Employee Bus Transportation 1
Site Preparation Contractors 1
Snack and Nonalcoholic Beverage Bars 1
Sports and Recreation Instruction 1
Tire Dealers 1
Video Tape and Disc Rental 1
Wholesale Trade Agents and Brokers 1

Should You Franchise?

As you drive around American Falls, it's apparent that franchising has become a very popular way to start a business. Is franchising maybe a better way for you to start your business?

Our recommendation is that you look into purchasing a franchise. We have many articles on franchises, such as Evaluating Franchise Opportunities. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.

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

Sample franchise opportunities include Buffalo Philly's and Baymont Inns. Alternatively, you can browse franchise categories, such as Candy and Chocolate Franchises and IT Training Franchises.

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

Have You Considered Buying an Existing American Falls Business?

We've created a helpful 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 American Falls.

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

Forming a Company in American Falls, Idaho

It's very important that your business is formed as a legal entity that is separate from its owners. Without a legal structure for the business, you can be held personally liable for the actions, debts and obligations of your company.

The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.

Incorporating is a very popular way to form a business. A key decision is whether to form and S-Corp or a C-Corp, and you also must decide in which state you will incorporate. If you are starting a business in Idaho, you don't necessarily have to incorporate in Idaho. In fact, you can incorporate wherever you want. 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 Incorporation Advice. You may also want to seek the advice of an attorney. Finally, if you are starting a business in American Falls, Idaho, our information on Incorporating in Idaho may be a useful resource if you decide to incorporate in Idaho.

Getting Money to Start a Business

Getting your American Falls business the capital it needs to succeed will be harder than you might expect. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.

Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled Attracting Investors.

For American Falls entrepreneurs on the hunt for startup funding, check out our List of Idaho Angel Investors and our List of Idaho Venture Capital Firms.

Getting the Word Out About Your New Company

To grow your American Falls business, having an excellent marketing plan is fundamental to your successs.

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

Never Give Up

As an entrepreneur in American Falls, you won't be working for the boss anymore. You are the boss.

From this point on, you control your own destiny.

Our goal here is to promote the vitality and growth of small businesses in American Falls and throughout the United States . We believe entrepreneurship is an amazing engine for job creation in American Falls, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in American Falls, Idaho

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

 

 

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