August 3, 2020  
 
  Entrepreneurial Resources - Advice for California Entrepreneurs  
  Lucerne Valley, California Resources for Entrepreneurs  
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Starting a Business in Lucerne Valley, California

Thinking about starting a business in Lucerne Valley, California? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Lucerne Valley.

Are You Sure You Want to Do This?

An entrepreneurial life is hard work, much harder than working as an employee. Are you certain you have the stamina and skills to succeed on your own?

Before you move forward with starting a business, be sure to do these three things:

  • Grab a meal or cofee with other entrepreneurs in Lucerne Valley. Ask them candidly what it's like to run a business.
  • Take a look at The Entrepreneurial Personality. It's a short article but it's a good reality check for those are about to jump into the world of entrepreneurship.
  • Reach out to a trusted acquaintance. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.

Which Business to Choose?

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 Finding Your Niche in Life.

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 Starting a Dance Club guide or our Starting a Tatoo Parlor guide.

Always keep in mind that you are opening your new business in Lucerne Valley. Some businesses will do better in Lucerne Valley than others. Study Lucerne Valley demographics and do a competitive analysis as part of your startup planning process.

As a new Lucerne Valley entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Lucerne Valley 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 2
Beauty Salons 1
Building Inspection Services 1
Business Associations 1
Cement Manufacturing 1
Civic and Social Organizations 1
Construction Sand and Gravel Mining 1
Electrical Contractors 2
Fitness and Recreational Sports Centers 1
Flooring Contractors 1
Full-Service Restaurants 2
General Automotive Repair 2
General Freight Trucking, Local 2
Internet Service Providers 1
Limited-Service Restaurants 2
New Housing Operative Builders 1
Nursing Care Facilities 1
Painting and Wall Covering Contractors 1
Pet and Pet Supplies Stores 1
Photography Studios, Portrait 1
Political Organizations 1
Ready-Mix Concrete Manufacturing 1
School and Employee Bus Transportation 1
Septic Tank and Related Services 3
Site Preparation Contractors 1
Solid Waste Collection 1
Water Supply and Irrigation Systems 1
Wholesale Trade Agents and Brokers 1

Is Franchising a Better Option?

As you drive around Lucerne Valley, it's apparent that franchising has become a very popular way to start a business. Is it perhaps smarter to franchise a business instead of doing it from scratch.

We advise the entrepreneurs we work with to consider franchising as an option. We have many articles on franchises, such as Common Franchisee Mistakes. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.

You can review hundreds of franchise opportunities by browing our Franchise Directory.

Sample franchise opportunities include Subway Franchises and Starbucks Franchises. Alternatively, you can browse franchise categories, such as Accounting Franchises and Moving Franchises.

Note on Lucerne Valley Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Lucerne Valley.

What About Buying an Existing Lucerne Valley Business?

If you have some capital to play with, you may want to Buy a Business in California. Follow that link and you may find several good businesses for sale in Lucerne Valley.

For anybody who wants to buy a business, we recommend reading this useful article: Hold Harmless Agreements When Buying Businesses.

Selecting a Name For Your Company

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.

Pick a company name that isn't too generic. If you do a search engine search for your proposed name and a billion results come up, you may want to reconsider the name. It's much easier to come up in the search engines when your name is fairly unique.

Numerous company naming issues are discussed in more detail in this article: Naming a Business.

There's one other important factor when naming a business. Since you are starting a business in Lucerne Valley, it's critical that you ensure that you will be the only California company using the business name you have chosen.

Company Formation in Lucerne Valley, California

It's very important that your business is formed as a legal entity that is separate from its owners. 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 corporation, LLC, sole proprietorship, partnership or other structure.

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. Just because you are starting a business in California, you don't necessarily have to incorporate in California. As it turns out, you can incorporate wherever you want. 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 basics of company formation, browse articles on our site, such as Incorporation Advice. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Lucerne Valley, California, our information on Incorporating in California may be a useful resource if you decide to incorporate in California.

Don't Forget to Create a Business Plan

A business plan is vital to the health of your new business. In effect, your business plan is your game plan for how you hope to grow your business. Not having a business plan is a recipe for disaster.

To learn more about business plans, read Find Sample Business Plans Online. You should also take advantage of free counseling sessions provided by your local SCORE chapter in California.

Startup Financing Basics

Finding the funds to fuel the growth of your Lucerne Valley business will be harder than you might expect. If you don't have a rich uncle to fund you, you'll need to be creative in how you approach your fundraising efforts.

To learn about raising money, we recommend you read the fundraising articles on our site, such as Choosing VC Firms.

For Lucerne Valley entrepreneurs with great ambition but a shortage of investment capital, you'll want to take a look at our List of California Angel Investors and our List of California Venture Capital Firms.

Promoting Your New Company

To rise above the crowd in Lucerne Valley and build your business, you need a great marketing plan.

There are myriad resources on this site to help you with your marketing plan. Holiday-Powered Marketing 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.

How to Sell

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

Not knowing how to sell can result in lost customers and minimal market share. Fortunately, we've got plenty of good advice to help you improve your selling skills.

Anticipating Prospect Responses is worth reading, as it may give you some good ideas on how to sell your products or services. We have many more good articles on selling that you may enjoy reading.

How to Improve Your Entrepreneurial Abilities

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

As an entrepreneur who lives in Lucerne Valley, California, you will want to take advantage of the learning programs at local California educational institutions. We also recommend you look into networking organizations for Lucerne Valley entrepreneurs.

Next Steps

As an entrepreneur in Lucerne Valley, 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 Lucerne Valley and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Lucerne Valley 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 Lucerne Valley, California

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

 

 

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