Colorado Business Startup Guides
Opening a Business in Frisco, Colorado
Contemplating starting a business in Frisco, Colorado? We walk you through the process of opening a business in Frisco.
Is Becoming an Entrepreneur Right for You?
Before you get too far along in the process, consider your entrepreneurial instincts and capabilities.
With so much at stake when you start a business, we strongly recommend you do the following before you proceed:
- Reach out to other entrepreneurs in Frisco. Get their take on what it's really like to be an entrepreneur.
- 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. That's the best way to get a truly objective assessment as to whether others think you have what it takes.
What Business to Start
Choosing a business that is right for you is very important. We recommend that you read Free Business Ideas.
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 How to Start a CNC Machining, Turning, & Milling Shops Business guide or our How to Start a Cargo Trailer Dealers Business guide.
Remember that starting a business in Frisco has some implications. The business you want to start may already be well-represented in Frisco. Only by spending some time analyzing Frisco demographics can you decide if there will be strong demand for your business idea.
Frisco, Colorado Demographic Information
Frisco has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Frisco demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Frisco.
Businesses
As a new Frisco entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Frisco 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
Company Formation in Frisco, Colorado
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. A key decision is whether to form and S-Corp or a C-Corp, and you also must decide in which state you will incorporate. Just because you are starting a business in Colorado, you don't necessarily have to incorporate in Colorado. In fact, you can 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 Avoiding Personal Liability in Business. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Frisco, Colorado, our information on Incorporating in Colorado may be a useful resource if you decide to incorporate in Colorado.
Don't Skip the Business Plan
A business plan is vital in laying a solid foundation for your business success. In effect, a business plan is a written description of the future you envision for your business. Starting a business without a business plan is a recipe for disaster.
To learn more about business plans, read Business Plan Outsourcing. You can also get free counseling sessions provided by your local SCORE chapter in Colorado.
Increase Your Entrepreneurial Knowledge
The best business owners know that they don't know everything.
As an entrepreneur who lives in Frisco, Colorado, you will want to take advantage of the many programs available at nearby Colorado universities, colleges and community colleges. We also recommend you look into networking organizations for Frisco entrepreneurs.
Moving Forward
You have a dream -- starting a business in Frisco. To achieve your dream, you have to persevere, even when the odds are against you.
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 Frisco and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Frisco, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Frisco, Colorado
Here are more links that we believe will help you be successful in starting a business in Frisco.
- Resources for Frisco, Colorado Entrepreneurs - Browse a variety of resources we've collected to assist Frisco 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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