Utah Business Startup Guides
Opening a Business in Kanab, Utah
Contemplating starting a business in Kanab, Utah? We walk you through the process of opening a business in Kanab.
What Business to Start
An important decision is what kind of business you want to start. You might get some good ideas about what kind of business to start by reading Good 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 Opening an Oil & Grease Absorbents & Removers Business guide or our How to Start a Mail Receiving & Forwarding Business guide.
Always keep in mind that you are starting a business in Kanab. Think about what needs are currently being underserved in Kanab. Make sure you fully understand Kanab demographics before you lock in on your business idea.
Kanab, Utah Demographic Information
Kanab has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Kanab demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Kanab.
Businesses
As a new Kanab entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Kanab 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
Have You Considered Franchising?
As you drive around Kanab, it becomes clear that purchasing a franchise is a common way to get started as an entrepreneur. Is it perhaps smarter to franchise a business instead of doing it from scratch.
We advise the entrepreneurs we work with to investigate buying a franchise. We have many articles on franchises, such as How to Get More Franchisees. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Representative franchise opportunities include OxyMagic Carpet Cleaning and KFC Corporation. Alternatively, you can browse franchise categories, such as Home Décor Franchises and Mexican Restaurant Franchises.
Note on Kanab Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Kanab.
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.
Company names should be fun to say, and they should help people to understand what you do and how you differentiate yourself in the market.
To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Business.
There's one other important factor when naming a business. Since you are opening a business in Kanab, it's imperative that you check now that your company name has not already been claimed by another Utah business.
Company Formation in Kanab, Utah
It's very important that you form your business as a legal structure. Doing so will protect you from personal liability for business debts and obligations.
When forming a company, you will pick from many company types, such as a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
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 Utah, you don't necessarily have to incorporate in Utah. In fact, you are allowed to incorporate wherever you want. 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 Offshore Company Formation. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Kanab, Utah, our web page covering Incorporating in Utah may be a useful resource if you decide to incorporate in Utah.
Raising Money for Your New Venture
Raising money to fund your new Kanab business is very difficult due to the ongoing business credit crunch. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.
Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled Find Start-Up Capital.
For Kanab entrepreneurs on the hunt for startup funding, check out our List of Utah Angel Investors and our List of Utah Venture Capital Firms.
Moving Forward
Most new Kanab 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.
Our goal here is to promote the vitality and growth of small businesses in Kanab and throughout the United States . 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 Kanab, Utah
Here are more links that we believe will help you be successful in starting a business in Kanab.
- Resources for Kanab, Utah Entrepreneurs - Browse a variety of resources we've collected to assist Kanab entrepreneurs.
- Utah Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Utah.
- Utah Small Business Development Center - The Utah Small Business Development Centers will lead the way in entrepreneurial education, advocacy, and business development statewide.
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