Colorado Business Startup Guides
Starting a Business in Elizabeth, Colorado
Thinking about starting a business in Elizabeth, Colorado? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Elizabeth.
Elizabeth, Colorado Demographic Information
Elizabeth has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Elizabeth demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Elizabeth.
Businesses
As a new Elizabeth entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Elizabeth 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 Franchising Opportunities?
Browse the Yellow Pages for Elizabeth and you'll see that franchises make up a large percentage of local businesses. Is there a franchise opportunity out there that makes sense for you?
Our recommendation is that you look into purchasing a franchise. This site has dozens of articles on franchising, such as Growth Trends in Franchising. Become a franchising expert of sorts by reading more of our Articles on Franchising.
You can review hundreds of franchise opportunities by browing our Franchise Directory.
Representative franchise opportunities include Super Clean Yacht Service Franchising, Inc. and Travel Lines Express. Alternatively, you can browse franchise categories, such as Children's Fitness Franchises and Party Supply Franchises.
Note on Elizabeth Franchise Opportunities: To find out if a franchise you are interested in is available in Elizabeth, you will need to get in direct contact with the franchisor.
Choosing a Company Name
A big decision when starting a company is choosing a company name. Believe it or not, choosing a good company name can be a big contributor to your business success.
We strongly advocate that you make sure the ".com" domain name is available for your company name. Every business needs a strong Web presence these days, and having a non ".com" domain means somebody else may outrank you in the search results for your own company name.
Numerous company naming issues are discussed in more detail in this article: Naming a Company.
As a final piece of advice, remember that because you are opening a business in Elizabeth, it's critical that you ensure that no Colorado company has already registered the company name you have selected.
Company Formation in Elizabeth, Colorado
It's very important that you form your business as a legal structure. Among other things, forming a legal entity for the business limits your liabilities.
When forming a company, you will pick from many company types, such as a corporation, LLC, sole proprietorship, partnership or other structure.
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. Just because you are starting a business in Colorado, it doesn't mean you are required to incorporate in Colorado. As it turns out, 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's a lot to know about forming a company. To learn the fundamentals of company formation, browse articles on our site, such as LLC Advantages. You should also consider getting professional assistance from your business lawyer. On a final note, since you will be starting a business in Elizabeth, Colorado, our web page covering Incorporating in Colorado may be a useful resource if you decide to incorporate in Colorado.
Promoting Your New Company
To grow your Elizabeth business, having an excellent marketing plan is fundamental to your business achieving its goals.
We have some helpful resources on this site for entrepreneurs who are working on marketing plans. Marketing Research is an article that will generate a few thoughts on your marketing plan. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.
Bring in Revenues
Do you know how to sell? In order to attract customers to your new Elizabeth business, you need to focus on sales.
Good selling involves demonstrating that your wares meet your customer's needs. Let us help you refine your selling techniques through our many useful sales advice tips.
Compensating Sales People is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.
Next Steps
As an entrepreneur in Elizabeth, 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 Elizabeth businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Elizabeth entrepreneur who is just getting started or you are already up and running with your new venture.
More Entrepreneurial Resources for Starting a Business in Elizabeth, Colorado
Here are more links that we believe will help you be successful in starting a business in Elizabeth.
- Resources for Elizabeth, Colorado Entrepreneurs - Browse a variety of resources we've collected to assist Elizabeth 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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