Las Vegans are resourceful and are made with a tough survivor’s mentality. Despite the terrible effects on business during the great recession, across all sectors, Las Vegas businesses are reporting that they are confident with our economy and business climate. The UNLV Lee Business School’s Center for Business & Economic Research recently released the 2017 Midyear Economic Outlook report. According to the report, confidence is on the rise in all sectors.
What does that mean for people who are considering starting a business? The confidence of others is a strong basis for your own confidence. However, you need to consider what that confidence level does for limited resources. For example, it may be harder to secure and maintain qualified employees. It may become more challenging to compete against other businesses that have already staked their claim.
If you are considering starting a business now, make sure to do so with the proper resources to ensure a strong foundation. You should consider who is on your team. At a minimum, your teammates should include: a banker; an insurance broker; an accountant (preferably a CPA); and, of course, an experienced business lawyer.
Gordon Law is here for you whether you are starting a business or continuing to grow an existing one. Learn more about Gordon Law here.