City of Cortez and South Western Colorado Market Survey

We have been spending many hours surveying the market for a potential business location in the South Western Region (region # 9) of Colorado. Pouring through data, seeing the tourist sites, and understanding the market there. Meeting with officials, business people and visiting businesses we learned quite a bit about the region and the future prospects there for someone opening a business.

One of the main cities we took data from and drove around talking to real people there was the City of Cortez. Which is just North of Four Corners and is a big trade partner with Farmington, NM and sees a lot of tourist traffic traveling to the state parks and federal parks there, namely Mesa Verde Cliff Dwellings. It also receives traffic traveling to and from Durango and Telluride.

First off the numbers and population stats look good to us in that 35% of the population is 25-54 and that is both our age range to hire from and our biggest marketing sector for car washes and detailing services. Up the hill and around the corner in Durango that stats were a little higher as retirees with money have moved in there. Higher age and higher economic socio status. Good money flow from that group. Also it has driven up housing costs. Durango imports most of its labor from Cortez and about 5000 people come into work in the city every day and only 800 leave to work each day.

Cortez has a huge Navajo population and they have mingled with others and provided a good strong and very reliable base of labor for many non-techy type jobs. One-third of the population rents and does not own homes and that number is growing as retirees move in and drive up property values making it difficult for local young couples to buy homes. Much of the data we searched out from Fort Lewis College matched our findings and observations.

http://www.soba.fortlewis.edu/sbdc

The population increase of Denver is matched in South Western Colorado with about 8% in the last decade increase. From 2001-2002 up 1.78%, strong growth. Statewide Colorado saw about 1.5 ? 1.6% over all. And you can see that growth in Montrose, Grand Junction, Boulder, Parker, Colorado Springs, pueblo, Greeley, Fort Collins, Aurora, Denver Highland Ranch, Loveland, etc.

Many of those moving in area doing so with second homes for Summer to get out of heat in places like Vegas, Arizona and lower NM. It is Country Type living and the family values and community is strong and very nice. Safe place. Only San Juan County declined and drastically at 2.13 %, which is a small-populated area and therefore the numbers are skewed. Demand for labor is up and unemployment is down. Increased demand for labor exceeded 16% since 1999 and job labor rates climbed and the demand was mostly in retail and in services for the wealthy older people moving in. Also in tourism as increased after 9-11 since most of the area is traveled to by automobile and tour bus. They expect another 4% increase in the next five years for labor, meaning labor rates are improving and therefore quality of life is improving. 17% of the area is owned by Native legitimate Indians and nearby the Ute Tribe has a casino, which is one of the largest area employers.

It appears it would be a great place to run a business especially if you exported out of the area and needed a hard working and reliable labor supply. We liked what we say in South Western CO and feel it might just be what you are looking for, so think about it.

"Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs

Five Crucial Components of a Business Plan

The format of a Business Plan is something that has been developed and refined over... Read More

Why 9 in 10 Businesses are Overspending on Day-to-day Expenses

Experts estimate that 90 percent of Australian businesses are overspending on day-to-day expenses, by as... Read More

Business Results - Four Critical Success Factors

Scenario OneDuring a recent presentation, a business owner was given the following challenge. If 10... Read More

Succession Planning: Problems Getting Started

A survey released by the American Institute of Certified Public Accountants in the spring of... Read More

Business Ideas: 3 Smart Ways To Generate Profitable Business Ideas Anytime

Creativity is one of the greatest tools for success in business.All businesses are created first... Read More

Action Planning

ACTION PLANNING: Action Planning is a process to develop strategies for changes in the organization... Read More

City of Cortez and South Western Colorado Market Survey

We have been spending many hours surveying the market for a potential business location in... Read More

Three Easy Ways To Know Thy Competitor

"Did you hear what your competitor is doing?" This question has caused many business people... Read More

Leverage - A Small Step For You /A Big Change For Your Career

Cassy was an employee of a nonprofit who had been at her job 5 years.... Read More

The 7 Critical Steps to Formulating Your Annual Strategic Business Plan

Businesses tend to avoid doing their annual business plan thinking that it is an arduous... Read More

Top 10 Tips to Create A Business Plan! (For People Who Hate Business Plans)

One of the key challenges for any business is to remain focused and invest resources... Read More

Making a Decision to Outsource: Strategic Constraints

Many companies are reluctant to dive into outsourcing ocean because of various reasons of strategic... Read More

Business Plan Financial Projections: Stop Worrying About Being Right...

Business plan financial projections seem daunting because they are so uncertain. This very uncertainty, however,... Read More

A Backup To The Internet Is Vital & Now Cost Effective

It doesn't take a Terrorist Act, Tsunami or Earthquake to put a business heavily dependent... Read More

Financing Business Expansion for Your Small Company

How you finance the expansion of your business is important. Borrowing and understanding the consequences... Read More

The Power of Strategic Thinking: Creating Meaningful Success

Too much goal setting and strategic planning can leave you feeling like you're working against... Read More

Why Do a Business Plan?

To Grow (Catapult) Your Business That's Why.When it's in your head it's not as likely... Read More

Microsoft Great Plains in Aerospace & Defense industries ? implementation & customization highlights

Microsoft Great Plains fits horizontal markets clientele and in case of Aerospace and Defense industry... Read More

Take A Systems View To Ensure Your Business Stays Healthy

How are you feeling today? Good, not so good, great? Let me ask the same... Read More

Could You Be Setting Your Business Plan Up For Failure?

David E. Gumpert, author of Burn Your Business Plan, often tells the story about how... Read More

10 Ways To Make Your Business Unique

1. Largest Selection -One way that you can make your product or service stand out... Read More

How To Get More Business During The Winter Months

Business seems to drop, slow or even stop during the winter months. As tourist traffic... Read More

How to Develop a Successful Board of Advisors (...and Why You Should!)

In today's rapidly changing and highly competitive markets, many privately held companies are creating outside... Read More

Business Problem Solving

Is there really anything as a problem? Does chaos or challenge mean you have a... Read More

How To Prepare A Business Plan That Guarantees Big Profits

It is always said "If you Fail to Plan, you Plan to Fail" Success in... Read More

Top Ten Traits of Strategic Thinkers

Want to become more strategic? Add these traits to your collection of skills and watch... Read More

Attributes of Companies You Dont Want to Buy!

There are no "rules of thumb" in the pursuit of companies to buy. Each purchase... Read More

6 Changes You Can Make to Increase Business Profits

I read once that something like 30 percent of all drinkable water gets wasted on... Read More

Why Create an Annual Plan?

Can you imagine going on a road trip without knowing your destination? Or, building your... Read More

Resilience

I. INTRODUCTIONThe term resilience, which is of frequent use in the psychotherapy area, has recently... Read More

Questions to Ask Yourself When Starting a New Home Business

I love the excitement of starting up a new home based business. I enjoy trying... Read More

The Magic Of Exponential Business Growth

Is there a 'magical' way to exponentially grow your business?It's about the timeless business principle... Read More

What Every Service Provider Ought To Know About Writing A Business Plan

It's easy to lose sight of what needs to be communicated to prospective investors when... Read More

Dotcom Business Plans Archive Project

One of the most important initiatives in the domain of business documentation is that of... Read More

When Do I Need To Hire A Business Plan Consultant

Every new business owner knows that a business plan is critical ? it is drilled... Read More

For Business Owners Only - You Can?t Be Fired But Neither Can You Quit

The decision to sell, or not to sell your business is a difficult one. There... Read More

What is Your MSP?

For many consumers and producers, MSP is an acronym for Manufacturer's Suggested Price. Today, I... Read More

The Impact of Price Popularity on Profits

The goal of almost every business owner is to generate a profit either for themselves... Read More

The Six Sigma Method and Design of Experiments

Six Sigma is becoming a proven approach for businesses and organizations to improve their performance.... Read More

A Unique Joint Venture Twist: Make Huge Profits Even If You Have No Money, No Products, and No List

Would you like to jumpstart your online or offline business without spending a ton of... Read More

Business Plan: The Simplest Business Plan Ever

If you're a solo professional like I am, you know how tough it is to... Read More

Titanic Precautions

Many movies have been made about the tragic story of the Titanic. Arrogance and ignorance... Read More

Break-Even Analysis

A significant advantage of some business ideas is that the venture can break even at... Read More

How to Snuff Out the Competition Without Leaving a Mark

Does the competition drive you crazy?Are they relentless about taking your clients away?Are customer loyalties... Read More

Fail to plan... or Plan to FAIL??

Running a business, whether it be an offline multi-billion dollar company or an online part... Read More

Business Disaster? Wont Happen to Me

As fast as you can say business disaster, your business can go up in smoke.... Read More

5 Strategies That Will Boost Your Business Productivity Today! - Part 1

Building a dynamic small business is a constantly evolving, increasingly demanding role.It is very easy... Read More

The Best Entity to Hold Real Estate

Possibly THE most frequently asked question of me is "What is the best business entity... Read More

Site Selection and Demographic Tips for Establishing Outlets

Many cities have home pages on the Internet. Many of these cities use these sites... Read More

Innovators Role at Hard Times

One Research Scientist at the Hewlett-Packard (HP) Imaging Systems laboratory said Carly Fiorina was a... Read More