Arizona Business Startup Guides
Opening a Business in Payson, Arizona
Contemplating starting a business in Payson, Arizona? We walk you through the process of opening a business in Payson.
Will You Be a Successful Entrepreneur?
An entrepreneurial life is difficult, much more arduous than working as an employee. Are you positive you have the stamina and skills to succeed on your own?
With so much at stake when you start a business, we strongly recommend you do the following before you proceed:
- Talk to other entrepreneurs in Payson. They are usually very willing to share their insights on the ups and downs of being an entrepreneur.
- We recommend reading Characteristics of Successful Entrepreneurs. For aspiring new entrepreneurs, it's a must read article.
- Seek the advice of somebody who knows you well. Others sometimes know you better than you know yourself.
Payson, Arizona Demographic Information
Payson has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Payson demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Payson.
As a new Payson entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Payson 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.
What About Franchising Opportunities?
As you drive around Payson, it's apparent that franchising has become a very popular way to start a business. But is franchising the right option for you?
We highly recommend you consider franchising as an option. We have many articles on franchises, such as Franchise Versus Business Opportunity. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.
A comprehensive list of franchisors is available via our List of Franchise Opportunities.
Representative franchise opportunities include Canine Campus and Goldilocks Bakeshop Franchises. Alternatively, you can browse franchise categories, such as Children's Fitness Franchises and Party Supply Franchises.
Note on Payson Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Payson.
Is Buying an Existing Payson Business a Good Strategy?
An excellent way to get started in business is to Buy a Business in Arizona. Follow that link and you can review several good businesses for sale in Payson.
For anybody who wants to buy a business, we recommend reading this useful article: Hold Harmless Agreements When Buying Businesses.
Choosing a Business 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.
Before you decide on a company name, run it by some prospective customers and see what they think. If they don't like it, it's probably a good idea to go back to the drawing board.
To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Company.
As a final piece of advice, remember that because you are planning on starting a business in Payson, it's critical that you ensure that your company name has not already been claimed by another Arizona business.
Company Formation in Payson, Arizona
A critical step is ensuring that your business is formed as a legal entity that is separate from its owners. Doing so will protect you from personal liability for business debts and obligations.
When forming a company, you will choose from many company types, such as a corporation, LLC, sole proprietorship, partnership or other structure.
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 Arizona, you don't necessarily have to incorporate in Arizona. In fact, you can incorporate in any state you would like to. 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. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Incorporation Advice. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Payson, Arizona, our web page covering Incorporating in Arizona may be a useful resource if you decide to incorporate in Arizona.
Promoting Your New Business
Whether your goal is to attract Payson customers or you plan on selling elsewhere, having an excellent marketing plan is fundamental to your business achieving its goals.
You can learn quite a bit about marketing on our site. Smart Branding is an article that will stimulate a few thoughts on your marketing plan. That's just a sampling of the many useful articles we have on Marketing a Small Business.
As an entrepreneur in Payson, 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.
This site is all about helping entrepreneurs in Payson and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Payson, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Payson, Arizona
Here are more links that we believe will help you be successful in starting a business in Payson.
- Resources for Payson, Arizona Entrepreneurs - Browse a variety of resources we've collected to assist Payson entrepreneurs.
- Arizona Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Arizona.
- Arizona Small Business Development Center - Arizona’s Small Business Development Center Network is an innovative partnership between the state’s ten community college districts and the U.S. Small Business Administration. The network is the largest and most accessible source of assistance to Arizona businesses with fewer than 200 employees.
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