New Mexico Business Startup Guides
Starting a Business in White Sands, New Mexico
Thinking about starting a business in White Sands, New Mexico? This step-by-step guide walks you through the major decisions you should consider before opening a new business in White Sands.
What About Franchising Opportunities?
As you drive around White Sands, you'll notice that many local entrepreneurs have gone the franchising route. But is franchising the right option for you?
Our recommendation is that you look into purchasing a franchise. We have many articles on franchises, such as Franchise Marketing Support. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Sample franchise opportunities include The Original Pizza Pan and Collins Booksellers. Alternatively, you can browse franchise categories, such as Video and DVD Rental Franchises and Auto Parts and Tools Franchises.
Note on White Sands Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in White Sands.
Company Formation in White Sands, New Mexico
A critical step is ensuring 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.
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. Just because you are starting a business in New Mexico, you don't necessarily have to incorporate in New Mexico. In fact, you can incorporate in any state you would like to. 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 Avoiding Personal Liability in Business. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in White Sands, New Mexico, our information on Incorporating in New Mexico may be a useful resource if you decide to incorporate in New Mexico.
Don't Forget to Create a Business Plan
A business plan is essential in laying a solid foundation for your business success. Indeed, your business plan is your game plan for how you hope to grow your business. Not having a business plan is a recipe for disaster.
Before you start writing a business plan, we suggest you skim Business Plan Outsourcing. You can also get face-to-face free consulting available from your local SCORE chapter in New Mexico.
Raising Capital for Your Venture
Finding the funds to fuel the growth of your White Sands business is very difficult due to the ongoing business credit crunch. If you don't have a rich uncle to fund you, you'll need to be creative in how you approach your fundraising efforts.
Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled Business Line of Credit.
For White Sands entrepreneurs who want to raise money for a new venture, check out our List of New Mexico Angel Investors and our List of New Mexico Venture Capital Firms.
Building Up Your Sales
Being able to sell is critical to your business success. Whether you are focused on selling local customers in White Sands or are selling to customers throughout New Mexico, the United States or even the world, you have to be able to sell.
Why should customers buy from you instead of buying from competitors? Let us help you refine your selling techniques through our many useful sales advice tips.
Sales Prospecting 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.
Now It's Up To You
You have a dream -- starting a business in White Sands. 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 White Sands and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new White Sands 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 White Sands, New Mexico
Here are more links that we believe will help you be successful in starting a business in White Sands.
- Resources for White Sands, New Mexico Entrepreneurs - Browse a variety of resources we've collected to assist White Sands entrepreneurs.
- New Mexico Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in New Mexico.
- New Mexico Small Business Development Center - New Mexico Small Business Development Centers provide quality direct assistance, entrepreneurial education and resource links for potential and existing small businesses to strengthen the economy of New Mexico.
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