Starting a successful business takes preparation and a wide set of skills. Knowing what order to do things in and who to contact can keep you from losing precious time and money during the start-up phase of your new business. Steps such as writing a detailed business plan can ensure that you do not miss anything critical that will prevent you from opening your doors on schedule.
Many small business owners are also their own general managers, bookkeepers, marketing and IT specialists, safety coordinators, human resource departments and so on. Educating yourself on the basics in these areas can help you make smart decisions about when you may need to outsource certain tasks, hire someone with specific skills, or learn to do it yourself.
The Farmington MSA has an amazing resource for start-up businesses through the Enterprise Center programs located at San Juan College’s Quality Center for Business. Entrepreneurs can locate in the Business Incubator where they have access to shared business services, low-cost office space, hands on management assistance and business support.
No matter where you decide to locate your new business in the Four Corners, these guidelines can smooth the process of opening your doors to your customers.
Writing a business plan will take you through the steps of developing things such as a marketing analysis and approach, operating plan and financial analysis. You will also need to decide on a name and what kind of business structure you will use (Sole Proprietor, LLC, etc.). Complete the New Mexico Small Business Development Center’s online training, Getting Started, download their Starting Out: A Guide to Creating Your Own New Mexico Business, or visit their Farmington office located in Quality Center for Business at San Juan College to get started today.
You will need to acquire a Federal Employee Identification Number (FEIN) and a state Combined Reporting System (CRS) tax number. If you are new to New Mexico you will need to make yourself familiar with the Gross Receipts Tax (GRT) here.
When choosing a location for your business you will want to contact the local city or county office and ensure that the property you are considering is properly zoned for your type of business. It is also recommended that you contact the appropriate utility companies to make sure that the services available at the location are adequate to meet your business’ needs. You will also want to inquire about the sign codes and apply for any necessary sign permits.
Here are the local government contacts for San Juan County, New Mexico:
City of Aztec
201 W Chaco Street, Aztec, NM 87410
City of Bloomfield
915 N 1st Street, Bloomfield, NM 87413
City of Farmington
800 Municipal Drive, Farmington, NM 87401
San Juan County
100 S Oliver Drive, Aztec, NM 87410
If you do business within a city’s limits in New Mexico you must obtain a business license from that municipality. If you are located in the county outside of city limits you do not have to obtain a business license. Specific types of industries may also require additional licenses and certifications on both a state, county and municipal level (ex: food and/or alcohol service).