January 18, 2021  
 
  Entrepreneurial Resources - Advice for Colorado Entrepreneurs  
  Crestone, Colorado Resources for Entrepreneurs  
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Opening a Business in Crestone, Colorado

Contemplating starting a business in Crestone, Colorado? We walk you through the process of opening a business in Crestone.

What Business to Start

Choosing a business that is right for you is very important. We recommend that you read Good Business Ideas.

If you still are not sure what type of business to start, peruse the Good Businesses to Start section of our site. For example, you might be interested in our Opening an Auto Cleaning & Detailing Business guide or our Starting a Property Maintenance Business guide.

Don't forget that you are starting a business in Crestone. Think about what needs are currently being underserved in Crestone. Don't forget to review Crestone demographics to see if there's a market for what you want to sell.

Crestone, Colorado Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 87
5-9 Employees 9
10-19 Employees 6
20-49 Employees 0
50-99 Employees 0
100-249 Employees 0
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Crestone Businesses 102

As a new Crestone entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Crestone 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
Child Day Care Services 1
Drinking Places (Alcoholic Beverages) 1
Electrical Contractors 1
Engineering Services 1
Framing Contractors 1
Full-Service Restaurants 3
Gift, Novelty, and Souvenir Stores 1
Grantmaking Foundations 1
Home Furnishing Merchant Wholesalers 2
Libraries and Archives 1
Music Publishers 1
Musical Instrument and Supplies Stores 1
Nonresidential Property Managers 1
Offices of Lawyers 1
Painting and Wall Covering Contractors 1

Is Buying an Existing Crestone Business a Good Strategy?

We've created a helpful website page for those who want to Buy a Business in Colorado. Follow that link and you may find several good businesses for sale in Crestone.

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

Company Formation in Crestone, Colorado

A critical step is ensuring that you are forming a legal entity that operates independently from you. Doing so will protect 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 popular way to form a business. Of course, you have to decide which type of corporation to form and where to incorporate. Just because you are starting a business in Colorado, you don't necessarily have to incorporate in Colorado. In fact, you are allowed to incorporate in any state you would like to. However, if you do incorporate in another state, you'll have to register as a foreign corporation in your home state.

There's a lot to know about forming a company. To learn the fundamentals of company formation, browse articles on our site, such as Company Formation. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Crestone, Colorado, our information on Incorporating in Colorado may be a useful resource if you decide to incorporate in Colorado.

Don't Skip the Business Plan

Writing a business plan is vital to the health of your new business. Indeed, your business plan is your game plan for how you hope to grow your business. Starting a business without a business plan will greatly reduce your chances of business success.

If you want more information on writing business plans, we recommend reading Business Plan Contests. A great resource for business planning assistance is the free business counselors available to you through your local SCORE chapter in Colorado.

Selling Tips

Mastering the art of selling is a must if you want your new Crestone 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.

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.

Moving Forward

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

If you choose the right business and love what you do, you will greatly increase your odds of success.

We are here to help Crestone 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 Crestone, Colorado

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

 

 

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