Colorado Business Startup Guides
Opening a Business in Wray, Colorado
Contemplating starting a business in Wray, Colorado? We walk you through the process of opening a business in Wray.
Wray, Colorado Demographic Information
Wray has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Wray demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Wray.
Businesses
As a new Wray entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Wray 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.
Businesses
Have You Considered Franchising?
As you drive around Wray, you may be surprised to see how many franchises there are in the area. But is franchising the right option for you?
We advise the entrepreneurs we work with to look into purchasing a franchise. To help you learn more about franchising, we've gathered a ton of articles on franchising, including Franchising Pros and Cons. Get a thorough education on franchising by browsing all of our Articles on Franchising.
A comprehensive list of franchisors is available via our List of Franchise Opportunities.
Representative franchise opportunities include Planet Fitness and Dolly's Pizza Franchising. Alternatively, you can browse franchise categories, such as Video and Photography Franchises and Florist Franchises.
Note on Wray Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Wray.
Is Buying an Existing Wray Business a Good Strategy?
We've created a handy website page for those who want to Buy a Business in Colorado. Follow that link and you may find several good businesses for sale in Wray.
If you are headed down the path of buying a business, you may want to read this article: Buying a Business.
Forming a Company in Wray, Colorado
It's essential that your business is formed as a legal entity that is separate from its owners. Doing so will insulate you from personal liability for business debts and obligations.
When forming a company, you will pick from many company types, such as a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
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 Colorado, you don't necessarily have to incorporate in Colorado. In fact, you can incorporate wherever you want. However, if you do incorporate in another state, you'll have to register as a foreign corporation in your home state.
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 How to Incorporate. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Wray, Colorado, our web page covering Incorporating in Colorado may be a useful resource if you decide to incorporate in Colorado.
Marketing Your New Venture
Whether your goal is to attract Wray customers or you plan on selling elsewhere, you need a excellent marketing plan.
There are myriad resources on this site to help you with your marketing plan. How to Be an Effective Networker discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just a taste of the many useful articles we have on Marketing a Small Business.
The Art of Selling
Mastering the art of selling is essential if you want your new Wray business to do well.
Good selling involves demonstrating that your wares meet your customer's needs. The good news is we can help you to make selling a big competitve advantage for your new firm.
Tips on Customer Referrals 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.
Next Steps
Most new Wray 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.
Our goal here is to promote the vitality and growth of small businesses in Wray and throughout the United States . We want to be there for you to answer your business questions, whether you are a new Wray 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 Wray, Colorado
Here are more links that we believe will help you be successful in starting a business in Wray.
- Resources for Wray, Colorado Entrepreneurs - Browse a variety of resources we've collected to assist Wray entrepreneurs.
- Colorado Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Colorado.
- Colorado Small Business Development Center - The Colorado Small Business Development Center (SBDC) Network is dedicated to helping small businesses throughout Colorado achieve their goals by providing free confidential counseling and various training programs.
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