August 6, 2020  
 
  Entrepreneurial Resources - Advice for Colorado Entrepreneurs  
  Frisco, Colorado Resources for Entrepreneurs  
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Opening a Business in Frisco, Colorado

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

Is Becoming an Entrepreneur Right for You?

Before you get too far along in the process, consider your entrepreneurial instincts and capabilities.

With so much at stake when you start a business, we strongly recommend you do the following before you proceed:

  • Reach out to other entrepreneurs in Frisco. Get their take on what it's really like to be an entrepreneur.
  • Peruse Characteristics of Successful Entrepreneurs. This is one of our more popular articles for folks who want to go into business for themselves.
  • Seek the advice of somebody who knows you well. That's the best way to get a truly objective assessment as to whether others think you have what it takes.

What Business to Start

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

For in-depth how-to guides on how to start specific businesses, browse our Good Businesses to Start section of our site. For example, you might be interested in our How to Start a CNC Machining, Turning, & Milling Shops Business guide or our How to Start a Cargo Trailer Dealers Business guide.

Remember that starting a business in Frisco has some implications. The business you want to start may already be well-represented in Frisco. Only by spending some time analyzing Frisco demographics can you decide if there will be strong demand for your business idea.

Frisco, Colorado Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 1600
5-9 Employees 444
10-19 Employees 240
20-49 Employees 198
50-99 Employees 24
100-249 Employees 30
250-499 Employees 0
500-999 Employees 0
1000+ Employees 6
All Frisco Businesses 2542

As a new Frisco entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Frisco 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
Architectural Services 6
Art Dealers 2
Automotive Glass Replacement Shops 1
Automotive Parts and Accessories Stores 4
Beauty Salons 5
Bed-and-Breakfast Inns 1
Beer, Wine, and Liquor Stores 3
Business Associations 2
Cable and Other Program Distribution 1
Car Washes 1
Carpet and Upholstery Cleaning Services 2
Child Day Care Services 1
Children's and Infants' Clothing Stores 1
Civic and Social Organizations 1
Commercial Lithographic Printing 1
Commercial Photography 1
Computer and Software Stores 1
Computer Training 1
Consumer Lending 1
Convention and Visitors Bureaus 1
Credit Unions 1
Custom Computer Programming Services 2
Discount Department Stores 1
Drinking Places (Alcoholic Beverages) 2
Drywall and Insulation Contractors 3
Electrical Contractors 2
Elementary and Secondary Schools 1
Engineering Services 2
Family Clothing Stores 1
Fine Arts Schools 1
Finish Carpentry Contractors 1
Fitness and Recreational Sports Centers 1
Floor Covering Stores 4
Flooring Contractors 1
Florists 1
Food Service Contractors 1
Full-Service Restaurants 26
Furniture Merchant Wholesalers 1
Furniture Stores 5
General Automotive Repair 4
General Freight Trucking, Local 1
General Warehousing and Storage 1
Gift, Novelty, and Souvenir Stores 5
Graphic Design Services 3
Hat, Cap, and Millinery Manufacturing 1
Home Health Care Services 1
Household Appliance Stores 2
Insurance Agencies and Brokerages 10
Interior Design Services 3
Investment Advice 2
Iron and Steel Forging 1
Janitorial Services 6
Jewelry Stores 1
Landscaping Services 1
Lessors of Other Real Estate Property 1
Limited-Service Restaurants 13
Limousine Service 1
Locksmiths 1
Mail-Order Houses 1
Marinas 1
Marketing Consulting Services 1
Media Representatives 1
Miscellaneous Intermediation 1
Motion Picture and Video Production 2
Museums 1
Musical Instrument and Supplies Stores 1
New Housing Operative Builders 2
Newspaper Publishers 1
Nonresidential Property Managers 2
Office Administrative Services 2
Office Supplies and Stationery Stores 2
Offices of Certified Public Accountants 4
Offices of Dentists 4
Offices of Lawyers 4
Offices of Other Holding Companies 1
Offices of Real Estate Appraisers 1
One-Hour Photofinishing 1
Optical Goods Stores 2
Paint and Wallpaper Stores 2
Painting and Wall Covering Contractors 3
Passenger Car Rental 1
Pet and Pet Supplies Stores 1
Pharmacies and Drug Stores 2
Photography Studios, Portrait 3
Professional Employer Organizations 1
Public Relations Agencies 2
Quick Printing 2
Radio Stations 1
Real Estate Credit 2
Recreational Goods Rental 5
Residential Property Managers 6
Residential Remodelers 3
Roofing Contractors 1
Securities Brokerage 1
Shoe Stores 1
Sign Manufacturing 1
Site Preparation Contractors 2
Snack and Nonalcoholic Beverage Bars 3
Software Publishers 1
Sporting Goods Stores 10
Sports and Recreation Instruction 2
Tax Preparation Services 2
Telecommunications Resellers 1
Temporary Help Services 1
Tile and Terrazzo Contractors 1
Tire Dealers 1
Title Abstract and Settlement Offices 1
Used Merchandise Stores 2
Veterinary Services 1
Video Tape and Disc Rental 1
Wholesale Trade Agents and Brokers 1

Company Formation in Frisco, Colorado

A critical step is ensuring that you form your business as a legal structure. 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 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, you don't necessarily have 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's a lot to know about forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Avoiding Personal Liability in Business. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Frisco, 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

A business plan is vital in laying a solid foundation for your business success. In effect, a business plan is a written description of the future you envision for your business. Starting a business without a business plan is a recipe for disaster.

To learn more about business plans, read Business Plan Outsourcing. You can also get free counseling sessions provided by your local SCORE chapter in Colorado.

Increase Your Entrepreneurial Knowledge

The best business owners know that they don't know everything.

As an entrepreneur who lives in Frisco, Colorado, you will want to take advantage of the many programs available at nearby Colorado universities, colleges and community colleges. We also recommend you look into networking organizations for Frisco entrepreneurs.

Moving Forward

You have a dream -- starting a business in Frisco. To achieve your dream, you have to persevere, even when the odds are against you.

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

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

More Entrepreneurial Resources for Starting a Business in Frisco, Colorado

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

 

 

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