January 26, 2021  
 
  Entrepreneurial Resources - Advice for New Mexico Entrepreneurs  
  Raton, New Mexico Resources for Entrepreneurs  
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Open a Business in Raton, New Mexico

Need help starting a business in Raton, New Mexico? We've got the information you need to open a business in Raton.

Raton, New Mexico Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 479
5-9 Employees 171
10-19 Employees 93
20-49 Employees 72
50-99 Employees 18
100-249 Employees 3
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Raton Businesses 836

As a new Raton entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Raton 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
Architectural Services 1
Automotive Glass Replacement Shops 1
Automotive Parts and Accessories Stores 1
Beauty Salons 2
Business Associations 1
Cable and Other Program Distribution 1
Car Washes 2
Caterers 1
Child and Youth Services 1
Civic and Social Organizations 3
Commercial Lithographic Printing 1
Consumer Lending 4
Credit Unions 1
Discount Department Stores 1
Drinking Places (Alcoholic Beverages) 3
Drywall and Insulation Contractors 2
Electrical Contractors 3
Elementary and Secondary Schools 1
Engineering Services 1
Facilities Support Services 1
Family Clothing Stores 3
Farm Supplies Merchant Wholesalers 1
Fitness and Recreational Sports Centers 1
Florists 1
Full-Service Restaurants 15
Funeral Homes and Funeral Services 2
Furniture Stores 1
General Automotive Repair 6
General Medical and Surgical Hospitals 1
Gift, Novelty, and Souvenir Stores 2
Glass and Glazing Contractors 1
Golf Courses and Country Clubs 1
Hardware Stores 3
Home Centers 2
Home Health Equipment Rental 2
Insurance Agencies and Brokerages 7
Iron and Steel Mills 1
Jewelry Stores 1
Kidney Dialysis Centers 1
Land Subdivision 1
Limited-Service Restaurants 7
Logging 1
Mail-Order Houses 1
Metal Window and Door Manufacturing 2
Motorcycle Dealers 2
Museums 2
Musical Groups and Artists 1
Natural Gas Distribution 1
New Car Dealers 2
Newspaper Publishers 1
Nursing Care Facilities 1
Office Supplies and Stationery Stores 1
Offices of Certified Public Accountants 5
Offices of Chiropractors 3
Offices of Dentists 2
Offices of Lawyers 7
Offices of Real Estate Appraisers 1
Periodical Publishers 1
Petroleum Bulk Stations and Terminals 1
Pharmacies and Drug Stores 1
Pipeline Transportation of Natural Gas 2
Portfolio Management 1
Poultry Processing 1
Professional Organizations 1
Radio Stations 2
Ready-Mix Concrete Manufacturing 1
Residential Remodelers 2
Retail Bakeries 1
Sales Financing 1
Securities Brokerage 1
Security Guards and Patrol Services 1
Sheet Metal Work Manufacturing 1
Shoe Stores 3
Sign Manufacturing 1
Site Preparation Contractors 1
Sporting Goods Stores 1
Taxi Service 1
Tire Dealers 1
Title Abstract and Settlement Offices 1
Used Car Dealers 2
Used Household and Office Goods Moving 1
Used Merchandise Stores 1
Veterinary Services 2
Video Tape and Disc Rental 2
Voluntary Health Organizations 1
Wired Telecommunications Carriers 1

Should You Franchise?

As you drive around Raton, it's apparent that franchising has become a very popular way to start a business. Is franchising maybe a better way for you to start your business?

We advise the entrepreneurs we work with to investigate buying a franchise. We have many articles on franchises, such as Franchising My 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.

Sample franchise opportunities include Andy's Parties and The Fourth R. Alternatively, you can browse franchise categories, such as Health and Diet Franchises and Ice Cream Franchises.

Note on Raton Franchise Opportunities: To find out if a franchise you are interested in is available in Raton, you will need to get in direct contact with the franchisor.

Company Formation in Raton, New Mexico

It's essential that you choose the right legal structure for your new entity. Without a legal structure for the business, you can be held personally liable for the actions, debts and obligations of your company.

When forming a company, you will pick 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. Of course, you have to decide which type of corporation to form and where to incorporate. Just because you are starting a business in New Mexico, it doesn't mean you are required to incorporate in New Mexico. In fact, you are allowed to incorporate in the state of your choosing. 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 ESOP Formation. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Raton, New Mexico, our web page covering Incorporating in New Mexico may be a useful resource if you decide to incorporate in New Mexico.

Getting Money to Start a Business

Raising money to fund your new Raton business is very difficult due to the ongoing business credit crunch. To obtain business financing, you will need to hear a lot of rejections before you finally find a funding solution that works for you.

Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled How Equity Dilution Works.

For Raton entrepreneurs on the hunt for startup funding, check out our List of New Mexico Angel Investors and our List of New Mexico Venture Capital Firms.

Building Up Your Sales

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

Why should customers buy from you instead of buying from competitors? Let us help you refine your selling techniques through our many useful sales advice tips.

How to Build and Motivate a Sales Team 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.

Learning More About Entrepreneurship

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

With your business being located in Raton, New Mexico, you should check out some of the many programs available at nearby New Mexico universities, colleges and community colleges. You should also check if there are any networking organizations for Raton entrepreneurs.

Never Give Up

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

From this point on, you control your own destiny.

Our goal here is to promote the vitality and growth of small businesses in Raton and throughout the United States . 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 Raton, New Mexico

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

 

 

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