Indio For Starters
A Three-Part Series on Starting and Growing Your Business in Indio
“I have an idea.” That is how it begins for many business owners. In some cases, the path to your own business has been paved by years of practice and knowledge gained in a field of work. For others, it is a fresh new idea for a product or service that doesn’t currently exist in our area. Whatever path you traveled, the road can be bumpy. The good news? The City of Indio is here to help!
The first step to starting any business is making sure you have a sound business plan. Your business plan will help determine important components of future decisions. How should I legally structure my business? What is the best way to finance my business? Who is my target audience? What part of Indio is best suited for my business? So many questions, and it all starts with your plan. A business plan is also an important business document. For instance, if you try to secure financing, lenders will likely want to review it prior to approving a loan.
The good news is, you don’t have to work on your plan alone. Help is available through several local offices. The Coachella Valley Small Business Development Center (SBDC) offers no-cost business consulting services to aspiring entrepreneurs and existing business owners. They also offer low-cost business seminars and workshops to area small businesses to help them start, grow and succeed. The local chapter is located right here in Indio, on 44-199 Monroe Street, Suite B.
The Indio Chamber of Commerce can also help. The Chamber can connect you to a local member of Coachella Valley SCORE. SCORE is a nonprofit association dedicated to helping small businesses get off the ground, grow and achieve their goals through education and mentorship. The program is supported by the U.S. Small Business Administration (SBA), and uses a network of experienced executives to offer mentoring services at no cost. The Indio Chamber is located at 82-921 Indio Blvd.
In addition to these great resources, there are a host of organizations that help mentor you through the business development stage depending on the scope and nature of your project. The Coachella Valley Women’s Business Center and the County of Riverside – Veterans Services, are two such entities. A complete list of business resource centers can be obtained at Indio City Hall, or by visiting the Indio Chamber of Commerce.
Once your business plan is in place, you will start making major decisions about how your company will launch. The organizations mentioned above can help you make determinations about what the best business structure is for tax purposes, as well as offer guidance on how to fill out the appropriate registration with the State of California and IRS. Financing options, if needed, will also be a key determination and can be explained through the resource centers. In recent years, there has been a growing number of options for new business start-up loans, from traditional bank loans to specialized micro-loans. Whatever you need, there is likely an option for you.
So, you have your business plan, business filing, and financing completed? It’s time to start working with the Indio economic development team to plant your business flag in Indio! In the next newsletter, we will discuss the role the city development team can play in getting you properly registered with the City of Indio, as well as guiding you through local business district and zoning options.