Idaho Business Startup Guides
Starting a Business in Rexburg, Idaho
Thinking about starting a business in Rexburg, Idaho? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Rexburg.
What Business Are You Starting?
There are many businesses that you can start. How do you know which type of business is right for you? You might get some good ideas about what kind of business to start by reading Business Ideas That Don't Make Sense.
To view an extensive list of business types, complete with startup instructions, spend some time in the Good Businesses to Start section of our site. For example, you might be interested in our Starting a Display Installation Services Business guide or our How to Start a Mail Sorting Services Business guide.
Don't forget that starting a business in Rexburg has some implications. Think about what needs are currently being underserved in Rexburg. Study Rexburg demographics and do a competitive analysis as part of your startup planning process.
Rexburg, Idaho Demographic Information
Rexburg has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Rexburg demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Rexburg.
As a new Rexburg entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Rexburg 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.
Have You Considered Buying an Existing Rexburg Business?
We've created a useful website page for those who want to Buy a Business in Idaho. Follow that link and you may find several good businesses for sale in Rexburg.
Before buying a business, be sure to read this article: Hold Harmless Agreements When Buying Businesses.
Naming the 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.
Companies like Starbucks, Apple, Target, Microsoft and Intuit all have strong company names that are easy to remember and have become well-loved brands. Wouldn't it be nice if your new company name got on a similar track?
For other considerations regarding naming a company, we recommend this article: Branding Advice.
On a final note, given that you are planning on starting a business in Rexburg, it's imperative that you check now that your company name has not already been claimed by another Idaho business.
Don't Forget to Create a Business Plan
Creating a business plan is vital to the health of your new business. Indeed, a business plan is a written description of the future you envision for your business. Not having a business plan
To learn more about business plans, read The Art of the Executive Summary. A great resource for business planning assistance is the face-to-face free consulting available from your local SCORE chapter in Idaho.
Startup Financing Basics
Raising money to fund your new Rexburg 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 504 Loans.
Building Up Your Sales
Mastering the art of selling is priority one if you want your new Rexburg business to do well.
Good selling involves demonstrating that your wares meet your customer's needs. Let us help you refine your selling techniques through our many useful sales advice tips.
Most new Rexburg businesses underestimate the number of challenges they will face.
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 Rexburg and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Rexburg, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Rexburg, Idaho
Here are more links that we believe will help you be successful in starting a business in Rexburg.
- Resources for Rexburg, Idaho Entrepreneurs - Browse a variety of resources we've collected to assist Rexburg entrepreneurs.
- Idaho Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Idaho.
- Idaho Small Business Development Center - The Idaho Small Business Development Center (Idaho SBDC) is a university-based organization offering a wealth of free and low-cost services to help small businesses and entrepreneurs be successful.
More Business Startup Guides for Idaho
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