January 26, 2021  
 
  Entrepreneurial Resources - Advice for Utah Entrepreneurs  
  Manti, Utah Resources for Entrepreneurs  
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Open a Business in Manti, Utah

Need help starting a business in Manti, Utah? We've got the information you need to open a business in Manti.

Do You Have What It Takes?

Being an entrepreneur is demanding, much harder than working as an employee. Are you positive you want to go into business for yourself?

While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:

  • Speak with other entrepreneurs in Manti. Get their candid feedback on what it takes to start a successful business.
  • You should read The Entrepreneurial Personality. It's a good read for those who are thinking about becoming an entrepreneur.
  • Reach out to a trusted acquaintance. A support network of family and friends can be a great sounding board for good advice before you decide for sure to go into business.

Choosing the Right Company to Start

Choosing a business that is right for you is very important. 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 an Independent Fee Appraisers Business guide or our How to Start a Repossession Services Business guide.

Remember that Manti is the place where you are starting a business. Some businesses will do better in Manti than others. Make sure you fully understand Manti demographics before you lock in on your business idea.

Manti, Utah Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 125
5-9 Employees 48
10-19 Employees 12
20-49 Employees 3
50-99 Employees 0
100-249 Employees 0
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Manti Businesses 188

As a new Manti entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Manti 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 1
Bed-and-Breakfast Inns 1
Business Associations 1
Collection Agencies 1
Confectionery and Nut Stores 1
Consumer Lending 1
Credit Unions 1
Electrical Contractors 1
Engineering Services 1
Family Clothing Stores 1
Full-Service Restaurants 1
General Automotive Repair 2
Hardware Stores 1
Insurance Agencies and Brokerages 2
Iron and Steel Mills 1
Limited-Service Restaurants 2
Machine Shops 1
Mail-Order Houses 1
Offices of Dentists 1
Offices of Lawyers 1
Petroleum Bulk Stations and Terminals 1
Pharmacies and Drug Stores 1
Photography Studios, Portrait 1
Radio Stations 1
Roofing Contractors 1
Site Preparation Contractors 1
Telephone Answering Services 1
Used Car Dealers 1
Water Supply and Irrigation Systems 1
Wired Telecommunications Carriers 2

Have You Considered Franchising?

As you drive around Manti, you'll see that franchises make up a large percentage of local businesses. Should you be giving franchising serious consideration?

Our advice is to evaluate the possibility of your buying a franchise opportunity. On our site, you can read many articles about franchising, such as Franchising My Business. Become a franchising expert of sorts by reading more of our Articles on Franchising.

You can find franchise opportunities by browsing our Franchise Opportunities Directory.

Sample franchise opportunities include Recognition Express and Advantage Golf Tournament Services. Alternatively, you can browse franchise categories, such as Sports Restaurant Franchises and Children Arts Programs Franchises.

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

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.

We strongly advocate that you make sure the ".com" domain name is available for your company name. Every business needs a strong Web presence these days, and having a non ".com" domain means somebody else may outrank you in the search results for your own company name.

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

On a final note, given that you are starting a business in Manti, it's critical that you ensure that your company name has not already been claimed by another Utah business.

Don't Forget to Create a Business Plan

A business plan is vital in maximizing the prospects of your new company. In effect, a business plan describes what you plan to do with the business and how you plan to do it. Starting a business without a business plan is a recipe for disaster.

If writing a business plan is on your to-do list, be sure to read Expert Advice on Business Plans. You should also take advantage of free counseling sessions provided by your local SCORE chapter in Utah.

Raising Money for Your New Venture

Raising money to fund your new Manti business is a difficult chore. 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 Microlending as a Small Business Funding Source.

For Manti entrepreneurs who want to raise money for a new venture, check out our List of Utah Angel Investors and our List of Utah Venture Capital Firms.

Now It's Up To You

As an entrepreneur in Manti, you won't be working for the boss anymore. You are the boss.

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

We are here to help Manti businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Manti, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Manti, Utah

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

 

 

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