New Mexico Business Startup Guides

Start a Business in Las Vegas, New Mexico

Are you starting a business in Las Vegas, New Mexico? This article discusses the most important things to consider when opening a business in Las Vegas.

Is Becoming an Entrepreneur Right for You?

Running your own business is difficult, much more arduous than working as an employee. Are you positive you want to start a business?

Here are three things we recommend you do before you fully commit to starting a new business of your own.

  • Talk to other entrepreneurs in Las Vegas. Get their take on what it's really like to be an entrepreneur.
  • We recommend reading Should You Become an Entrepreneur?. For aspiring new entrepreneurs, it's a must read article.
  • Have a candid conversation with friends and family. That's the best way to get a truly objective assessment as to whether others think you have what it takes.

Las Vegas, New Mexico Demographic Information

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

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

Business Size
# of
Businesses
1-4 Employees
1266
5-9 Employees
474
10-19 Employees
342
20-49 Employees
180
50-99 Employees
42
100-249 Employees
12
250-499 Employees
12
500-999 Employees
6
1000+ Employees
0
All Las Vegas Businesses
2334

As a new Las Vegas entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Las Vegas 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
Automotive Parts and Accessories Stores
3
Automotive Transmission Repair
1
Beauty Salons
1
Beer and Ale Merchant Wholesalers
1
Book Stores
1
Cable and Other Program Distribution
1
Car Washes
1
Caterers
1
Child and Youth Services
1
Child Day Care Services
2
Civic and Social Organizations
5
Computer and Software Stores
1
Construction Sand and Gravel Mining
2
Consumer Lending
9
Convention and Visitors Bureaus
1
Couriers
1
Credit Unions
1
Custom Computer Programming Services
1
Drive-In Motion Picture Theaters
1
Electrical Contractors
2
Employment Placement Agencies
1
Family Clothing Stores
2
Fitness and Recreational Sports Centers
1
Florists
1
Food Service Contractors
1
Full-Service Restaurants
20
Funeral Homes and Funeral Services
2
Furniture Stores
1
General Automotive Repair
7
General Medical and Surgical Hospitals
2
General Rental Centers
3
Gift, Novelty, and Souvenir Stores
2
Graphic Design Services
1
Hardware Stores
1
Historical Sites
1
Home Centers
1
Home Health Care Services
6
Home Health Equipment Rental
1
Household Appliance Stores
3
Insurance Agencies and Brokerages
4
Janitorial Services
1
Jewelry (except Costume) Manufacturing
1
Jewelry Stores
2
Kidney Dialysis Centers
1
Landscaping Services
2
Limited-Service Restaurants
16
Mail-Order Houses
1
Manifold Business Forms Printing
1
Manufactured (Mobile) Home Dealers
2
Marketing Consulting Services
1
Medical Laboratories
1
Mortgage and Nonmortgage Loan Brokers
1
New Car Dealers
2
Nursing Care Facilities
3
Office Administrative Services
1
Office Supplies and Stationery Stores
2
Offices of Bank Holding Companies
1
Offices of Certified Public Accountants
4
Offices of Chiropractors
1
Offices of Dentists
8
Offices of Optometrists
2
Offices of Podiatrists
1
Pet Care (except Veterinary) Services
1
Petroleum Bulk Stations and Terminals
1
Pharmacies and Drug Stores
2
Photography Studios, Portrait
1
Radio Stations
2
Real Estate Credit
2
Residential Remodelers
2
Sales Financing
1
Sawmills
1
School and Employee Bus Transportation
2
Shoe Stores
2
Siding Contractors
1
Solid Waste Collection
1
Sports and Recreation Instruction
1
Taxi Service
1
Telemarketing Bureaus
1
Temporary Help Services
2
Temporary Shelters
1
Tire Dealers
1
Truss Manufacturing
1
Used Car Dealers
2
Vending Machine Operators
1
Veterinary Services
2
Video Tape and Disc Rental
3
Warehouse Clubs and Supercenters
1
Water Supply and Irrigation Systems
1
Wired Telecommunications Carriers
2

What About Buying an Existing Las Vegas Business?

We've created a helpful website page for those who want to Buy a Business in New Mexico. Follow that link and you can review several good businesses for sale in Las Vegas.

For anybody who wants to buy a business, we recommend reading this useful article: How to Buy a Business.

Forming a Company in Las Vegas, New Mexico

It's very important that you choose the right legal structure for your new entity. The primary advantage of forming your new business as a legal entity is that it separates your business liabilities from your personal liabilities.

When forming a company, you will choose from many company types, such as a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.

Incorporation 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. If you are starting a business in New Mexico, it doesn't mean you are required to incorporate in New Mexico. As it turns out, you can incorporate in the state of your choosing. 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 Where to Incorporate. You should also consider getting professional assistance from your business lawyer. On a final note, since you will be starting a business in Las Vegas, New Mexico, our web page covering Incorporating in New Mexico may be a useful resource if you decide to incorporate in New Mexico.

Promoting Your New Company

To grow your Las Vegas business, you need a great marketing plan.

We have some helpful resources on this site for entrepreneurs who are working on marketing plans. Advertising in the Yellow Pages is an article that will stimulate 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.

Ramping Up Sales

Do you know how to sell? In order to attract customers to your new Las Vegas business, you need to focus on sales.

Good selling involves demonstrating that your wares meet your customer's needs. Fortunately, we've got plenty of good advice to help you improve your selling skills.

Landing Big Customers is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.

Improving Your Entrepreneurial Skillset

Good entrepreneurs recognize that what they know now may not be enough to ensure their future success.

With your business being located in Las Vegas, New Mexico, you should check out some of the learning programs at local New Mexico educational institutions. Another way to keep up on your learning is to investigate networking organizations for Las Vegas entrepreneurs.

Moving Forward

As an entrepreneur in Las Vegas, 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.

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

More Entrepreneurial Resources for Starting a Business in Las Vegas, New Mexico

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

More Startup Articles for New Mexico Cities

Starting a Business in Las Cruces
Starting a Business in Los Alamos

Browse All Business Startup Guides for New Mexico
Starting a Business Guides for Other States

 

 

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