In this section
Where to start? Studies show that business owners who take the time to plan their business have a higher rate of success. Aspiring entrepreneurs who want to start a tour business in New Mexico, may have a creative idea, but not necessarily know how and where to begin.
There are many essential business development resources available for how to create and sustain a successful business including live and recorded online tutorials, websites, courses on-demand, and no-cost one-on-one consulting but it can be overwhelming.
The solution? A toolkit leveraging the wealth of business development assistance and resources available through the state, Chambers of Commerce, Destination Marketing Organizations, non-profit incubators, and business accelerators have been compiled and packaged into one Entrepreneur Tour Operator Toolkit.
Self-Assessment is an important first step. Are you prepared to put thought and research into your readiness to start a business? Understanding your product offering, defining your business model? As you move through this toolkit and define each area of your business, it is important to research your customer base and build customer relationships to ensure you have what they want
In addition to this toolkit, some of the most valuable resources available to you, the Entrepreneur include no-cost coaching and mentoring and step-by-step online assistance available through the SmallBusiness Association (SBA), SBDC, WESST, SCORE, the VeteransBusiness Outreach Center (VBOC), and the Economic Development Department (EDD).
Preparing your Tour Operator Business Plan Guide
This section will provide you with the information you need to determine your business type and where to go to register your business.
How to obtain Federal Employers Identification Number (FEIN) from the IRS
How to register with the StateTaxation and Revenue for CRS tax number
How to choose a location for your business, obtain licenses and permits, including motor transportation rules, permits, and waivers (if applicable)
Develop key partnerships and relationships with your local small businesses and leverage other entities and resources such as
Coworking spaces and incubators are extremely cost-effective and provide a shared location to be used as a drop-in center with a workstation, printer, etc., or a collaborative space to network with mentors and like-minded businesses. In some locations, you get access to premium amenities, services, and perks along with your guaranteed space at no extra cost. Cash flow can be an issue early on for many entrepreneurs, so sharing space with other small businesses and startups is a good way to reduce overhead costs. Click here for a list of business Incubators in New Mexico.
Hear from fellow Entrepreneurs offering advice and guidance, their lessons learned, best practices, and success stories; NMTD“TangibleTourism”, Small Business Administration (SBA), Santa Fe New Mexican, The Grant County Beat, and FedEx Podcast.
Launching your startup can be an intimidating venture, particularly if entrepreneurship is unknown territory for you. Just know that you do not have to do this alone. Leveraging these resources will equip aspiring entrepreneurs with the insights, relationships, and tools needed to turn ideas into action and help you develop a strong support system as you build your business.