There are a number of challenges and obstacles for people who want to start a new business in Denver. Having a great product or new idea is not necessarily enough to launch a successful company. In general, business owners must consider and plan for business goals, operation structures and how a company will be funded. When it comes to most business transactions that take place at the beginning of new business, there can be complicated legal agreements, tax documents and employment guidelines that must executed properly.
Over the past two years, a Denver investor has backed nine different projects on the crowdfunding website Kickstarter. Three of the projects he funded have resulted in success, six have not. Not really a huge success, but also not a total failure either. Crowdfunding, for those new to the term, is where investors or donors agree to pledge anywhere from $1 to whatever a particular project is requesting to help an entrepreneur, artist or inventor get their brilliant idea or concept off the ground. In return for their pledge they may receive online recognition, a return on their investment or some gadget or product the inventor hopes to create.
For many aspiring Colorado business owners, buying a franchise can be a great foray into the world of business management.
For anyone who loves tennis, Louisville, Colorado, may be the next hot spot to play. If all of the transactions go through smoothly, sometime next year the city may be home to the state's largest tennis club. The business plan includes 25 indoor and outdoor tennis courts, six smaller courts for children, a clubhouse and a highly qualified team of professional coaches and trainers. The facility will be on a 13-plus acre parcel of land that the Rocky Mountain Tennis Center purchased last year. The site is located on the northeast corner of West Dillon Road and South 96th Street. Earlier in November, the city council gave its preliminary approval of the project. It is now hoped that final approval will come in the spring.
As readers of this blog may know, starting up a business can be complicated for those not familiar with business law. There is a virtual mountain of paperwork and process. Then there is the venture capital you'll need to fund the start-up. Add to the mix the many legal requirements for initiating a business, and it's easy to see why the entire process can at times seem overwhelming. Additionally, starting a business often requires much more than just a good idea; it requires a lot of funding.
Everybody wins when a local government puts together a business plan aimed at spurring development. Pueblo is doing just that for the Denver area, offering a unique opportunity for construction projects and business investment.