Arizona Business Startup Guides
Starting a Business in Lake Havasu City, Arizona
Thinking about starting a business in Lake Havasu City, Arizona? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Lake Havasu City.
Will You Be a Successful Entrepreneur?
Being an entrepreneur is difficult, much more challenging than working as an employee. Are you positive you are ready to take on this challenge?
Here are three things we recommend you do before you fully commit to starting a new business of your own.
- Talk to other entrepreneurs in Lake Havasu City. They are usually very willing to share their insights on the ups and downs of being an entrepreneur.
- We recommend reading Characteristics of Successful Entrepreneurs. For aspiring new entrepreneurs, it's a must read article.
- Seek the advice of somebody who knows you well. Others sometimes know you better than you know yourself.
Lake Havasu City, Arizona Demographic Information
Lake Havasu City has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Lake Havasu City demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Lake Havasu City.
Businesses
As a new Lake Havasu City entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Lake Havasu 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.
Businesses
What About Buying an Existing Lake Havasu City Business?
If you have some capital to play with, you may want to Buy a Business in Arizona. Follow that link and you might discover several good businesses for sale in Lake Havasu City.
If you are intent on buying a business, you may want to read this article: How to Buy a Business.
Naming the Business
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.
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.
Numerous company naming issues are discussed in more detail in this article: Naming a Company.
On a final note, given that you are opening a business in Lake Havasu City, it's critical that you ensure that no other Arizona company is using the business name you want to use.
Getting Money to Start a Business
Getting your Lake Havasu City business the capital it needs to succeed 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.
To learn about raising money, we recommend you read the fundraising articles on our site, such as Business Incubators.
For Lake Havasu City entrepreneurs who need startup capital, browse our List of Arizona Angel Investors and our List of Arizona Venture Capital Firms.
Marketing Your New Business
Whether your goal is to attract Lake Havasu City customers or you plan on selling elsewhere, you'll need to have a good marketing plan.
You can learn all about marketing on our site. Facebook Advertising is an article that will generate a few thoughts on your marketing plan. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.
Ramping Up Sales
Do you know how to sell? In order to attract customers to your new Lake Havasu City business, you need to focus on sales.
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 Forecasting is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.
What's Next?
As an entrepreneur in Lake Havasu City, you won't be working for the boss anymore. You are the boss.
If you choose the right business and love what you do, you will greatly increase your odds of success.
We are here to help Lake Havasu City businesses to be successful. 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 Lake Havasu City, Arizona
Here are more links that we believe will help you be successful in starting a business in Lake Havasu City.
- Resources for Lake Havasu City, Arizona Entrepreneurs - Browse a variety of resources we've collected to assist Lake Havasu City entrepreneurs.
- Arizona Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Arizona.
- Arizona Small Business Development Center - Arizona�s Small Business Development Center Network is an innovative partnership between the state�s ten community college districts and the U.S. Small Business Administration. The network is the largest and most accessible source of assistance to Arizona businesses with fewer than 200 employees.
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