October 24, 2020  
 
  Entrepreneurial Resources - Advice for California Entrepreneurs  
  Tahoe City, California Resources for Entrepreneurs  
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Starting a Business in Tahoe City, California

Thinking about starting a business in Tahoe City, California? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Tahoe City.

Are You Sure You Want to Do This?

Before quitting your day job, consider your entrepreneurial instincts and capabilities.

Before you move forward with starting a business, be sure to do these three things:

  • Reach out to other entrepreneurs in Tahoe City. Ask them candidly what it's like to run a business.
  • Peruse Characteristics of Successful Entrepreneurs. This is one of our more popular articles for folks who want to go into business for themselves.
  • Seek the advice of somebody who knows you well. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.

What Business Are You Starting?

An important decision is what kind of business you want to start. To stir your creative juices on what kind of business to start, take a look at Business Ideas That Don't Make Sense.

For step-by-step instructions on starting a variety of business types, visit the Good Businesses to Start section of our site. For example, you might be interested in our Starting a Dance Club guide or our Starting a Tatoo Parlor guide.

Always keep in mind that you are starting a business in Tahoe City. Some businesses will do better in Tahoe City than others. Study Tahoe City demographics and do a competitive analysis as part of your startup planning process.

As a new Tahoe City entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Tahoe City 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 7
Art Dealers 1
Automotive Parts and Accessories Stores 1
Beauty Salons 3
Bed-and-Breakfast Inns 1
Boat Dealers 1
Book Stores 1
Broadwoven Fabric Finishing Mills 1
Business Associations 2
Cafeterias 1
Carpet and Upholstery Cleaning Services 2
Caterers 2
Child Day Care Services 3
Children's and Infants' Clothing Stores 1
Civic and Social Organizations 1
Clothing Accessories Stores 1
Commercial Lithographic Printing 1
Computer and Software Stores 1
Convenience Stores 3
Convention and Trade Show Organizers 2
Credit Bureaus 1
Custom Computer Programming Services 2
Direct Title Insurance Carriers 1
Drinking Places (Alcoholic Beverages) 2
Drywall and Insulation Contractors 1
Educational Support Services 1
Electrical Contractors 7
Electronic Shopping 1
Elementary and Secondary Schools 1
Engineering Services 6
Family Clothing Stores 4
Fine Arts Schools 1
Finish Carpentry Contractors 1
Fitness and Recreational Sports Centers 2
Floor Covering Stores 1
Florists 1
Full-Service Restaurants 22
Furniture Stores 1
General Automotive Repair 3
General Warehousing and Storage 1
Gift, Novelty, and Souvenir Stores 6
Glass and Glazing Contractors 1
Golf Courses and Country Clubs 1
Graphic Design Services 1
Hardware Stores 1
Hobby, Toy, and Game Stores 2
Household Appliance Stores 1
Industrial Building Construction 1
Inland Water Freight Transportation 1
Insurance Agencies and Brokerages 4
Interior Design Services 1
Janitorial Services 5
Jewelry (except Costume) Manufacturing 1
Landscaping Services 7
Limited-Service Restaurants 8
Mail-Order Houses 1
Marinas 3
Marketing Consulting Services 2
Masonry Contractors 2
Mortgage and Nonmortgage Loan Brokers 3
Motor Vehicle Body Manufacturing 1
Museums 1
Newspaper Publishers 1
Nonresidential Property Managers 2
Offices of Certified Public Accountants 6
Offices of Chiropractors 3
Offices of Dentists 4
Offices of Lawyers 5
Offices of Optometrists 1
Offices of Real Estate Appraisers 2
One-Hour Photofinishing 1
Painting and Wall Covering Contractors 9
Pet and Pet Supplies Stores 1
Pharmacies and Drug Stores 1
Photography Studios, Portrait 1
Real Estate Credit 3
Recreational Goods Rental 3
Residential Property Managers 6
Residential Remodelers 14
Roofing Contractors 4
Savings Institutions 1
Securities Brokerage 1
Shoe Stores 2
Site Preparation Contractors 6
Skiing Facilities 2
Snack and Nonalcoholic Beverage Bars 2
Solid Waste Collection 1
Sporting Goods Stores 9
Sports and Recreation Instruction 2
Telephone Answering Services 1
Title Abstract and Settlement Offices 2
Tour Operators 1
Travel Agencies 1
Used Household and Office Goods Moving 1
Used Merchandise Stores 1
Video Tape and Disc Rental 1
Water Supply and Irrigation Systems 2
Wholesale Trade Agents and Brokers 1
Wired Telecommunications Carriers 1
Women's Clothing Stores 2

Is Franchising a Better Option?

As you drive around Tahoe City, 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?

Our advice is to look into purchasing a franchise. We have many articles on franchises, such as Franchising Mistakes. Get a thorough education on franchising by browsing all of our Articles on Franchising.

To learn about specific franchise opportunities, check out our Franchise Directory.

Sample franchise opportunities include Subway Franchises and Starbucks Franchises. Alternatively, you can browse franchise categories, such as Accounting Franchises and Moving Franchises.

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

Have You Considered Buying an Existing Tahoe City Business?

We've created a helpful website page for those who want to Buy a Business in California. Follow that link and you may find several good businesses for sale in Tahoe City.

For anybody who wants to buy a business, we recommend reading this useful article: Hold Harmless Agreements When Buying Businesses.

Picking a Business Name

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.

For other considerations regarding naming a company, we recommend this article: Naming a Company.

There's one other important factor when naming a business. Since you are planning on starting a business in Tahoe City, it's very important that you make sure no other California company is using the business name you want to use.

Forming a Company in Tahoe City, California

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 popular way to form a business. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in California, you don't necessarily have to incorporate in California. 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 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 Pre-Incorporation Agreements. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Tahoe City, California, our information on Incorporating in California may be a useful resource if you decide to incorporate in California.

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 is a written description of the future you envision for your business. Failure to write a business plan is a recipe for disaster.

Before you start writing a business plan, we suggest you skim Business Plan Contests. You can also get free business counselors available to you through your local SCORE chapter in California.

Startup Financing Basics

Getting your Tahoe City business the capital it needs to succeed requires strong organization skills and perseverance. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.

To learn about raising money, we recommend you read the fundraising articles on our site, such as 504 Loans.

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

Marketing Your New Venture

To rise above the crowd in Tahoe City and grow your business, you need a solid marketing plan.

We have some useful resources on this site for entrepreneurs who are working on marketing plans. Marketing Research is a good read to get your marketing ideas 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 Tahoe City or are selling to customers throughout California, the United States or even the world, you have to be able to sell.

So what does it take to bring in more prospects and close more business? Fortunately, we've got plenty of good advice to help you improve your selling skills.

Sales Prospecting 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.

Increase Your Entrepreneurial Knowledge

Good entrepreneurs recognize that they don't know everything.

As an entrepreneur who lives in Tahoe City, California, you will want to take advantage of the many programs available at nearby California universities, colleges and community colleges. It's also beneficial to see if there are any networking organizations for Tahoe City entrepreneurs.

Next Steps

You have a dream -- starting a business in Tahoe City. 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.

Our goal here is to promote the vitality and growth of small businesses in Tahoe City and throughout the United States . We believe entrepreneurship is an amazing engine for job creation in Tahoe City, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Tahoe City, California

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

 

 

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