Colorado Business Startup Guides
Start a Business in Burlington, Colorado
Are you starting a business in Burlington, Colorado? This article discusses the most important things to consider when opening a business in Burlington.
Is Becoming a Business Owner Right for You?
Being an entrepreneur is hard work, much harder than working as an employee. Are you positive you have the stamina and skills to succeed on your own?
Here are three things we recommend you do before you fully commit to starting a new business of your own.
- Speak with other entrepreneurs in Burlington. Get their take on what it's really like to be an entrepreneur.
- You should read Starting a Company. It's a good read for those who are thinking about becoming an entrepreneur.
- Talk it over with a close friend or partner. That's the best way to get a truly objective assessment as to whether others think you have what it takes.
Burlington, Colorado Demographic Information
Burlington has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Burlington demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Burlington.
Businesses
As a new Burlington entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Burlington 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
What About Buying an Existing Burlington Business?
If you have some capital to play with, you may want to Buy a Business in Colorado. Follow that link and you may find several good businesses for sale in Burlington.
For anybody who wants to buy a business, we recommend reading this useful article: How to Buy a Business.
Forming a Company in Burlington, Colorado
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 traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporation 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. If you are starting a business in Colorado, you don't necessarily have to incorporate in Colorado. As it turns out, you can incorporate in the state of your choosing. 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. To learn the fundamentals of company formation, browse articles on our site, such as Registered Agents. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Burlington, Colorado, our information on Incorporating in Colorado may be a useful resource if you decide to incorporate in Colorado.
Raising Money for Your New Venture
Getting your Burlington business the capital it needs to succeed is a difficult chore. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.
The good news is this site contains dozens of articles on raising money, including one we recommend entitled Angel Investors.
For Burlington entrepreneurs on the hunt for startup funding, you'll want to take a look at our List of Colorado Angel Investors and our List of Colorado Venture Capital Firms.
How to Sell
Do you know how to sell? In order to attract customers to your new Burlington business, you need to focus on sales.
Why should customers buy from you instead of buying from competitors? Fortunately, we've got plenty of good advice to help you improve your selling skills.
Selling Stuff on the Web is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.
Advancing Your Entrepreneurial Skills
Successful entrepreneurs recognize that they need to continually improve.
As an entrepreneur who lives in Burlington, Colorado, you will want to take advantage of the many programs available at nearby Colorado universities, colleges and community colleges. It's also smart to see if there are any Burlington networking organizations.
Moving Forward
As an entrepreneur in Burlington, you won't be working for the boss anymore. You are the boss.
If you choose the right business and love what you do, you will greatly increase your odds of success.
We are here to help Burlington businesses to be successful. We have a wealth of experience in business start-ups, financing, marketing, sales and more...and we've made all of our knowledge available to you.
More Entrepreneurial Resources for Starting a Business in Burlington, Colorado
Here are more links that we believe will help you be successful in starting a business in Burlington.
- Resources for Burlington, Colorado Entrepreneurs - Browse a variety of resources we've collected to assist Burlington entrepreneurs.
- Colorado Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Colorado.
- Colorado Small Business Development Center - The Colorado Small Business Development Center (SBDC) Network is dedicated to helping small businesses throughout Colorado achieve their goals by providing free confidential counseling and various training programs.
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