Utah Business Startup Guides
Starting a Business in Redmond, Utah
Thinking about starting a business in Redmond, Utah? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Redmond.
Is Becoming a Business Owner Right for You?
Before quitting your day job, assess your entrepreneurial instincts and capabilities.
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Talk to other entrepreneurs in Redmond. Get their take on what it's really like to be an entrepreneur.
- 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. That's the best way to get a truly objective assessment as to whether others think you have what it takes.
What Type of Business Should You Start?
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 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 Starting a Lamp & Lamp Shade Parts & Supplies Retailer guide or our Opening a Personal Cell Phone Equipment & Supplies Business guide.
Remember that your new business will be in Redmond. Some businesses will do better in Redmond than others. Make sure you fully understand Redmond demographics before you lock in on your business idea.
Redmond, Utah Demographic Information
Redmond has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Redmond demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Redmond.
Businesses
As a new Redmond entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Redmond 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 Redmond, Utah
It's very important that your business is formed as a legal entity that is separate from its owners. Among other things, forming a legal entity for the business limits your liabilities.
The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporation 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 Utah, you don't necessarily have to incorporate in Utah. In fact, you are allowed to incorporate in the state of your choosing. However, if you do incorporate in another state, you'll have to register as a foreign corporation in your home state.
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 Incorporation Advice. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Redmond, Utah, our information on Incorporating in Utah may be a useful resource if you decide to incorporate in Utah.
Selling Tips
Being able to sell is critical to your business success. Whether you are focused on selling local customers in Redmond or are selling to customers throughout Utah, 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.
Effective Sales Presentations offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.
Improving Your Entrepreneurial Skillset
Good entrepreneurs know that they need to continually improve.
As an entrepreneur who lives in Redmond, Utah, you will want to take advantage of the learning programs at local Utah educational institutions. We also suggest you look into Redmond networking organizations.
Moving Forward
You have a dream -- starting a business in Redmond. 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.
We are here to help Redmond 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 Redmond, Utah
Here are more links that we believe will help you be successful in starting a business in Redmond.
- Resources for Redmond, Utah Entrepreneurs - Browse a variety of resources we've collected to assist Redmond 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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