Colorado Business Startup Guides
Opening a Business in Durango, Colorado
Contemplating starting a business in Durango, Colorado? We walk you through the process of opening a business in Durango.
What Business Are You Starting?
An important decision is what kind of business you want to start. To help you decide on a business type, we encourage you to read Business Ideas That Don't Make Sense.
To view an extensive list of business types, complete with startup instructions, spend some time in the Good Businesses to Start section of our site. For example, you might be interested in our How to Start an Air Sightseeing Tour Business guide or our How to Start a Terrazzo, Marble, & Tile Contractors Business guide.
Remember that you are starting a business in Durango. The business you want to start may already be well-represented in Durango. Make sure you fully understand Durango demographics before you lock in on your business idea.
Durango, Colorado Demographic Information
Durango has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Durango demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Durango.
As a new Durango entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Durango 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.
Forming a Company in Durango, Colorado
It's essential that your business is formed as a legal entity that is separate from its owners. 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 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. In fact, you can 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 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 LLC Advantages. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Durango, Colorado, our information on Incorporating in Colorado may be a useful resource if you decide to incorporate in Colorado.
Marketing Your New Venture
Whether your goal is to attract Durango customers or you plan on selling elsewhere, you need a great marketing plan.
You can learn all about marketing on our site. Marketing Basics is an article that will stimulate a few thoughts on your marketing plan. That's just one of the many useful articles we have on Marketing a Small Business.
How to Sell
Do you know how to sell? In order to attract customers to your new Durango business, you need to focus on sales.
Why should customers buy from you instead of buying from competitors? Let us help you refine your selling techniques through our many useful sales advice tips.
Increase Your Entrepreneurial Knowledge
Good business owners recognize that they don't know everything.
Given that you are starting a business in Durango, Colorado, you will want to take advantage of the many programs available at nearby Colorado universities, colleges and community colleges. It's also worthwhile to see if there are any networking organizations for Durango entrepreneurs.
Now It's Up To You
As an entrepreneur in Durango, you won't be working for the boss anymore. You are the boss.
Owning your own business will be a daunting task, but you can do it.
We are here to help Durango businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Durango, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Durango, Colorado
Here are more links that we believe will help you be successful in starting a business in Durango.
- Resources for Durango, Colorado Entrepreneurs - Browse a variety of resources we've collected to assist Durango 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.
More Business Startup Guides for Colorado
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