January 24, 2021  
 
  Entrepreneurial Resources - Advice for Colorado Entrepreneurs  
  Berthoud, Colorado Resources for Entrepreneurs  
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Starting a Business in Berthoud, Colorado

Thinking about starting a business in Berthoud, Colorado? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Berthoud.

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? To stir your creative juices on what kind of business to start, take a look at 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 Starting a Boat Trailer Dealers Business guide or our Starting a Chemical Plant Equipment & Supplies Business guide.

Don't forget that your new startup will be located in Berthoud. Think about what needs are currently being underserved in Berthoud. A critical consideration is whether Berthoud demographics mesh well with your startup concept.

Berthoud, Colorado Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 687
5-9 Employees 177
10-19 Employees 57
20-49 Employees 60
50-99 Employees 15
100-249 Employees 9
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Berthoud Businesses 1005

As a new Berthoud entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Berthoud 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
Automotive Parts and Accessories Stores 2
Beauty Salons 3
Beer, Wine, and Liquor Stores 2
Car Washes 1
Child and Youth Services 2
Child Day Care Services 7
Commercial Bakeries 1
Computer Systems Design Services 3
Computer Training 1
Confectionery and Nut Stores 1
Court Reporting and Stenotype Services 1
Curtain and Drapery Mills 1
Custom Computer Programming Services 3
Dental Laboratories 1
Direct Life Insurance Carriers 1
Drywall and Insulation Contractors 5
Electrical Contractors 8
Engineering Services 5
Exam Preparation and Tutoring 1
Finish Carpentry Contractors 3
Fitness and Recreational Sports Centers 3
Floor Covering Stores 1
Flooring Contractors 2
Florists 1
Framing Contractors 2
Full-Service Restaurants 9
Furniture Stores 2
General Automotive Repair 3
General Freight Trucking, Local 1
Hardware Stores 1
Heating Oil Dealers 1
Industrial Mold Manufacturing 1
Insurance Agencies and Brokerages 4
Interior Design Services 1
Internet Publishing and Broadcasting 1
Internet Service Providers 1
Investment Advice 1
Iron and Steel Mills 1
Janitorial Services 4
Landscaping Services 13
Lessors of Other Real Estate Property 2
Limited-Service Restaurants 10
Machine Shops 6
Marketing Consulting Services 1
Masonry Contractors 2
Metal Heat Treating 3
Mortgage and Nonmortgage Loan Brokers 2
Motor Vehicle Body Manufacturing 1
Musical Groups and Artists 1
New Car Dealers 1
New Housing Operative Builders 2
Newspaper Publishers 1
Nursing Care Facilities 1
Office Administrative Services 1
Offices of Certified Public Accountants 1
Offices of Chiropractors 1
Offices of Dentists 2
Offices of Lawyers 4
Offices of Optometrists 2
Offices of Other Holding Companies 1
Offices of Real Estate Appraisers 1
Painting and Wall Covering Contractors 3
Pet Care (except Veterinary) Services 3
Petroleum Refineries 1
Pharmacies and Drug Stores 1
Precision Turned Product Manufacturing 2
Ready-Mix Concrete Manufacturing 1
Recreational Goods Rental 1
Remediation Services 1
Repossession Services 1
Residential Property Managers 1
Residential Remodelers 6
Securities Brokerage 1
Security Guards and Patrol Services 1
Septic Tank and Related Services 1
Siding Contractors 2
Site Preparation Contractors 6
Software Publishers 1
Solid Waste Collection 1
Sporting Goods Stores 1
Sports and Recreation Instruction 1
Theater Companies and Dinner Theaters 1
Used Household and Office Goods Moving 1
Used Merchandise Stores 2
Veterinary Services 5
Water Supply and Irrigation Systems 1
Wholesale Trade Agents and Brokers 6
Wood Window and Door Manufacturing 1

Should You Franchise?

Visit the business district of Berthoud and you may be surprised to see how many franchises there are in the area. Is franchising maybe a better way for you to start your business?

Our recommendation is that you consider franchising as an option. We have many articles on franchises, such as Franchise Marketing Support. Become a franchising expert of sorts by reading more of our Articles on Franchising.

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

Sample franchise opportunities include Made in the Shade Blinds and Marco's Pizza. Alternatively, you can browse franchise categories, such as Wine Franchises and Framing Store Franchises.

Note on Berthoud Franchise Opportunities: To find out if a franchise you are interested in is available in Berthoud, you will need to get in direct contact with the franchisor.

Naming the Business

Making the right decision when choosing a company name is very important. There are many decisions you'll make now that you can change later, but changing a company name years down the road is not very easy. So, choose a good company name at the outset.

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: Naming a Business.

As a final piece of advice, remember that because you are planning on starting a business in Berthoud, it's imperative that you check now that no other Colorado company is using the business name you want to use.

Forming a Company in Berthoud, Colorado

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.

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. 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 Colorado, it doesn't mean you are required to incorporate in Colorado. In fact, you can incorporate in the state of your choosing. 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 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 Registered Agents. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Berthoud, Colorado, our information on Incorporating in Colorado may be a useful resource if you decide to incorporate in Colorado.

Don't Forget to Create a Business Plan

Having a business plan is critical in maximizing the prospects of your new company. In effect, a business plan describes what you plan to do with the business and how you plan to do it. Starting a business without a business plan makes you more prone to becoming a business failure statistic.

To learn more about business plans, read Business Presentations. A great resource for business planning assistance is the face-to-face free consulting available from your local SCORE chapter in Colorado.

Bring in Revenues

Mastering the art of selling is essential if you want your new Berthoud business to do well.

Good selling involves demonstrating that your wares meet your customer's needs. Fortunately, we've got plenty of good advice to help you improve your selling skills.

Selling Products on eBay is worth reading, as it may give you some good ideas on how to sell your products or services. We have many more good articles on selling that you may enjoy reading.

Now It's Up To You

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

From this point on, you control your own destiny.

This site is all about helping entrepreneurs in Berthoud and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Berthoud, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Berthoud, Colorado

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

 

 

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