So you’ve decided to start your own business. It’s an exciting prospect, and there are plenty of opportunities for you to make your mark on the world. Pull out your note pad and cell phone get to work.
There are many ways to go into business for yourself, and you can get started by taking a look at the market. What’s missing? What are the potential opportunities? And where do you get the information you need to make an informed decision? Whether you’re considering purchasing a franchise or existing business or starting from scratch with your own idea, a commercial real estate broker can help get you through the process.
As a potential business owner, you can expect to spend considerable time and effort developing a business plan, scouting for locations, determining a budget for expenses, projecting income and doing your due diligence.
Will your operation generate profit? Are there opportunities for additional income streams? How can you maximize the return on your investment? These are just some of the questions you’ll have to answer. To help you answer those questions and others, take advantage of local resources, including those offered by the Business Incubator Center and Grand Junction Area Chamber of Commerce.
The Business Incubator Center — www.gjincubator.org — provides business coaching and workshops through the Small Business Development Center as well as financial support, business development through the incubator program and tax credits for investment and job creation through the enterprise zone. We’re so fortunate to have this outstanding organization in our community and its great resources for new and existing business owners. The Grand Junction Area Chamber of Commerce website at www.gjchamber.org also offers a great resource for learning the market and navigating business startups.
The next thing you’ll need is a team of professionals you can rely on for their expertise. Your team will likely include a commercial lender, commercial real estate broker and a lawyer to help establish the type of business entity under which you’ll operate.
As you complete your business plan, budgets, projections and due diligence and formed your business entity, it’s time to find the right location. Contact a commercial real estate broker to help find a perfect location for your new venture. An experienced commercial real estate broker will help by discussing potential locations, costs associated with the properties, zoning restrictions, tenant improvements, landlord requirements and more. You’ll be able to rely on the broker’s expertise in the market. An experienced broker will have business knowledge, market knowledge, good negotiation skills, great customer relations — and a network of people to finalize the details of a deal and put your new venture into motion.
You’ll join the ranks of new businesses in the Grand Valley, including the Blue Moose BBQ & Grill located at 2839 North Ave. as well as the Wag Resort Dog Kennel opening soon at 398 Indian Road.
Take advantage of the available resources in the Grand Valley, assemble your team and make an appointment to work with a real estate broker specializing in commercial real estate. There’s no better time to make your entrepreneurial dreams come true. I can’t wait for your grand opening.