Utah Business Startup Guides
Starting a Business in Orem, Utah
Thinking about starting a business in Orem, Utah? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Orem.
Are You Ready for Entrepreneurship?
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:
- Talk to other entrepreneurs in Orem. Listen closely to their experiences and see if you think you too can be successful.
- We recommend reading Should You Become an Entrepreneur?. For aspiring new entrepreneurs, it's a must read article.
- Have a candid conversation with friends and family. Ask them directly: Do I have what it takes to be an entrepreneur? Listen carefully to their answer, as they presumably know your strengths and weaknesses.
What Type of Business Should You Start?
Choosing a business that is right for you is very important. To stir your creative juices on what kind of business to start, take a look at Good 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 Starting a Commodity Brokers Business guide or our How to Start an Embroidery Design Punching & Digitizing Business guide.
Don't forget that your new startup will be located in Orem. Some businesses will do better in Orem than others. Make sure you fully understand Orem demographics before you lock in on your business idea.
Orem, Utah Demographic Information
Orem has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Orem demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Orem.
Businesses
As a new Orem entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Orem 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 Orem, you'll conclude that many business owners have opted to buy a franchise, rather than starting a business on their own. But is franchising the right option for you?
Our recommendation is that you consider franchising as an option. We have many articles on franchises, such as Questions to Ask Franchisors. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.
A comprehensive list of franchisors is available via our List of Franchise Opportunities.
Representative franchise opportunities include On-Hold Marketing & Communications and Great American Steak and Buffet Company. Alternatively, you can browse franchise categories, such as Embroidery Franchises and Pet Franchises.
Note on Orem Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Orem.
Is Buying an Existing Orem Business a Good Strategy?
If you have some capital to play with, you may want to Buy a Business in Utah. Follow that link and you may find several good businesses for sale in Orem.
For anybody who wants to buy a business, we recommend reading this useful article: Buying a Business.
Marketing Your New Venture
To rise above the crowd in Orem and advance your business, you'll need to have a good marketing plan.
There are myriad resources on this site to help you with your marketing plan. Introduction to Advertising is a good read to get your marketing creativity flowing. That's just a sampling of the many useful articles we have on Marketing a Small Business.
Never Give Up
You have a dream -- starting a business in Orem. 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.
This site is all about helping entrepreneurs in Orem and elsewhere to achieve real success. 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 Orem, Utah
Here are more links that we believe will help you be successful in starting a business in Orem.
- Resources for Orem, Utah Entrepreneurs - Browse a variety of resources we've collected to assist Orem entrepreneurs.
- Utah Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Utah.
- Utah Small Business Development Center - The Utah Small Business Development Centers will lead the way in entrepreneurial education, advocacy, and business development statewide.
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