4 Tips for New Las Vegas Entrepreneurs

Las Vegas Entrepreneurs

Starting a business in Las Vegas? You’ve come to the right place! 

According to a 2017 report from the Kauffman Index, Vegas was listed as one of five U.S. metro areas with the highest startup activity. Thanks to recent revitalization efforts, low taxes, and a decent cost of living, the city has quickly become a bustling entrepreneurial hub.

Whether you’ve lived in the area for a while as a small business owner or you just recently moved to launch a startup, you can seriously benefit from all the resources, events, and networking opportunities the city has to offer.

Ready to get started? Here are four of our best tips for new Las Vegas entrepreneurs like yourself to get your business off to a successful start.

Do Your Research

Before you even begin as a Las Vegas entrepreneur, it’s important to make sure you have done all the research you need to make your business succeed.

This means soaking up all different types of knowledge like a sponge. Read books and trade publications. Listen to podcasts. Exhaust your options when it comes to finding helpful information and small business ideas in Las Vegas.

Part of your research should include all the logistics of setting up and running a business in the city. From picking out a name to applying for a business license, make sure you read up on and follow all of the instructions to ensure the launch of your Vegas startup goes smoothly.

Find a Mentor

When starting out as an entrepreneur, it’s important to gain insight from the industry professionals who have gone before you. One-on-one coaching sessions with a mentor in your field can give you the personalized instruction you need to crush your business goals. 

Luckily for you, Las Vegas is a veritable hotspot of skilled industry leaders who are glad to share their knowledge with aspiring entrepreneurs like yourself.

Were you inspired by a professional who gave a talk at a recent conference? Contact him or her on LinkedIn and see if they would be willing to mentor you. Read a helpful trade publication by an expert in your field? Send her an email and ask him or her a few follow-up questions.

Try Out a Startup Hub or Coworking Space

You should join a Las Vegas startup hub and coworking space like Work in Progress, where you can schedule mentorship sessions with experienced leaders from a variety of different industries.

As a member, you get free access to our mentors. Perks like that can be game-changers for startup founders. Not to mention WIP is a super nice shared workspace where you can work side-by-side with other entrepreneurs and professionals.

No matter where you choose to start, be sure that your search leads you to a mentor whose skills, knowledge, and experience aligns with your specific business goals.

Attend Conventions, Events, and Trade Shows

There’s always something exciting happening in Las Vegas—and we’re not just talking about the insane nightlife.  

When it comes to the business world, the city boasts three of the largest convention centers in the country and frequently hosts some of the most significant business events, trade shows, and conventions in the United States. From the WWDMagic fashion showcase to the annual CES consumer electronics trade show, it seems as though there’s something for just about every different industry.

Want to see which upcoming Las Vegas entrepreneur conventions you can take part in? Be sure to check out the city’s convention calendar for a complete listing. At Work in Progress, we always have smaller events going on as well that are usually business and entrepreneurial focused.

Network, Network, Network

Ready to get the word out about your business? It’s time to start networking!

There are so many ways to make business connections in Las Vegas. Networking events can be especially helpful and offer you the chance to meet professionals across many different industries, with whom you can swap ideas and contact information. You can also join one of the fifteen different chapters of Business Network International (BNI) that are spread throughout the city and gain access to a large network of business prospects and professional development opportunities.

Ultimately, the goal with networking is to make valuable connections and foster relationships with professionals and entrepreneurs like yourself who are likely to spread the word about your startup and give you the momentum you need to get your small business off the ground.

Getting started as a Las Vegas entrepreneur may seem daunting at first, but this bustling and vibrant city is the perfect place for startups to thrive. By doing your research, finding a helpful mentor, attending conventions, and networking with other business professionals, you’ll be sure to get your business off to a successful start. 

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