Arizona Business Startup Guides
Open a Business in Prescott, Arizona
Need help starting a business in Prescott, Arizona? We've got the information you need to open a business in Prescott.
Choosing the Right Company to Start
Choosing a business that is right for you is very important. If you are struggling with what type of business to start, read Business Ideas That Don't Make Sense.
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 Home Health Care Insurance Business guide or our Opening a Party Entertainment Business guide.
Always keep in mind that starting a business in Prescott has some implications. The business you want to start may already be well-represented in Prescott. Don't forget to review Prescott demographics to see if there's a market for what you want to sell.
Prescott, Arizona Demographic Information
Prescott has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Prescott demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Prescott.
As a new Prescott entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Prescott 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?
Visit the business district of Prescott and you'll conclude that many business owners have opted to buy a franchise, rather than starting a business on their own. Is franchising maybe a better way for you to start your business?
We highly recommend you consider franchising as an option. We have many articles on franchises, such as How to Franchise a Business. 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.
Representative franchise opportunities include ASP Pool & Spa Co. and Century 21 Real Estate Corporation. Alternatively, you can browse franchise categories, such as ATM Franchises and Home Repair Franchises.
Note on Prescott Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Prescott.
Have You Considered Buying an Existing Prescott Business?
If you have some capital to play with, you may want to Buy a Business in Arizona. Follow that link and you may find several good businesses for sale in Prescott.
If you are serious about buying a business, you may want to read this article: How to Buy a Business.
Forming a Company in Prescott, Arizona
A critical step is ensuring that you form your business as a legal structure. Doing so will shield you from personal liability for business debts and obligations.
The entity you form can be a corporation, LLC, sole proprietorship, partnership or other structure.
Incorporating is a very common way to legally create a business entity. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in Arizona, you don't necessarily have to incorporate in Arizona. In fact, 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 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 C Corp Versus S Corp. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Prescott, Arizona, our information on Incorporating in Arizona may be a useful resource if you decide to incorporate in Arizona.
Marketing Your New Venture
Whether your goal is to attract Prescott customers or you plan on selling elsewhere, you'll need to have a good marketing plan.
There are myriad resources on this site to help you with your marketing plan. Advertising in Magazines is a good read to get your marketing juices flowing. That's just one of the many useful articles we have on Marketing a Small Business.
The Art of Selling
Being able to sell is critical to your business success. Whether you are focused on selling local customers in Prescott or are selling to customers throughout Arizona, the United States or even the world, you have to be able to sell.
The key to selling is to set sales goals goals and monitor your progress towards those goals. Let us help you refine your selling techniques through our many useful sales advice tips.
Now It's Up To You
You have a dream -- starting a business in Prescott. 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.
We are here to help Prescott businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Prescott 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 Prescott, Arizona
Here are more links that we believe will help you be successful in starting a business in Prescott.
- Resources for Prescott, Arizona Entrepreneurs - Browse a variety of resources we've collected to assist Prescott 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.
Starting-a-Business Guides for Other Cities in Arizona
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