Utah Business Startup Guides
Opening a Business in Logan, Utah
Contemplating starting a business in Logan, Utah? We walk you through the process of opening a business in Logan.
Are You Sure You Want to Do This?
Before quitting your day job, take inventory of your entrepreneurial instincts and capabilities.
Because entrepreneurship is not for everyone, we recommend you do the following to help you assess whether you should move forward with starting a business:
- Reach out to other entrepreneurs in Logan. Ask them candidly what it's like to run a business.
- 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. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
Logan, Utah Demographic Information
Logan has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Logan demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Logan.
As a new Logan entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Logan 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.
Should You Franchise?
As you drive around Logan, you'll notice that many local entrepreneurs have gone the franchising route. So, it probably makes sense for you to consider franchising too.
Our advice is to consider franchising as an option. 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.
Note on Logan Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Logan.
Naming the Company
Making the right decision when choosing a company name is very important. There are many decisions you'll make now that you can change later, but changing a company name years down the road is not very easy. So, choose a good company name at the outset.
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.
For other considerations regarding naming a company, we recommend this article: Branding Advice.
There's one other important factor when naming a business. Since you are planning on starting a business in Logan, it's very important that you make sure no other Utah company is using the business name you want to use.
Forming a Company in Logan, Utah
A critical step is ensuring that you choose the right legal structure for your new entity. The principal advantage of forming your new business as a legal entity is that it separates your business liabilities from your personal liabilities.
The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporation is a very popular way to form a business. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in Utah, you don't necessarily have to incorporate in Utah. In fact, you can 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 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 Subchapter S Corporations. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Logan, Utah, our information on Incorporating in Utah may be a useful resource if you decide to incorporate in Utah.
Do You Need a Business Plan?
A business plan is essential in maximizing the prospects of your new company. Indeed, a business plan is a written description of the future you envision for your business. Not having a business plan is a recipe for disaster.
Letting the World Know You Exist
To rise above the crowd in Logan and accelerate your business, having an excellent marketing plan is fundamental to your successs.
There are myriad resources on this site to help you with your marketing plan. Newspaper Advertising Costs is a good read to get your marketing thoughts flowing. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.
You have a dream -- starting a business in Logan. To achieve your dream, you have to persevere, even when the odds are against you.
Owning your own business will be a daunting task, but you can do it.
This site is all about helping entrepreneurs in Logan and elsewhere to achieve real success. 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 Logan, Utah
Here are more links that we believe will help you be successful in starting a business in Logan.
- Resources for Logan, Utah Entrepreneurs - Browse a variety of resources we've collected to assist Logan 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.
Starting-a-Business Guides for Other Cities in Utah
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