Colorado Springs Business Case Study

Colorado Springs has a rich business climate with a large and diverse group of industries that provide many job opportunities for any skill level, but especially for those who have technical skills.

Major Industries include: o Aerospace/Defense o Customer support/Financial Services/Back Office o Healthcare o Information Technology o Local Businesses o Manufacturing o Medical Innovation & Technology o Nonprofit o Sports Economy

There is a large number of interior designers, architects and engineering firms in Colorado Springs. The actual number is unknown, as the Colorado Springs chamber of commerce page is not functioning. Searching online, over 100 listings come back for each in Colorado Springs alone. As for interior design, residential interior

They fall in love with the breathtaking mountain views, plenty of recreational activities, and mild weather, and if they’ve lived here once, there’s a good chance that they’re planning on moving back to retire here. There is continuous growth with new construction in residential, commercial, industrial, health care and military spaces, as well as redesign for existing buildings. Sustainable living is in high demand in Colorado.

Subcontracting for local architectural firms would be the easiest way to gain experience and garner trust with those that are well established here, and put the name of BMN Designs out there. There might not be many clients at first, but with word of mouth and patience and practicing exceptional design, BMN Designs will slowly, but surely, gain a foothold in this

Bureau of Labor and Statistics says that overall, the job outlook for interior designers from 2014-2024 is 4% (slower than average), and that there were 58,900 jobs in the U.S. available for Interior Designers in 2014, with an average median pay of $48,400 per year/$23.27 per hour, and 1 in 4 were self-employed. There were approximately 1,180 jobs available for interior designers in Colorado, having the top 5 location quotient (ratio of area concentration of occupational employment to the national average concentration) of 1.5 and 50% per thousand jobs. The average hourly mean wage was $25.05 and annual mean wage was $52,110.

Business Plan Overview

• Owner: Breana M. Nutter

• Location: 123 Any Street, Colorado Springs, CO 80918 (Home Office)

• Business Formation: Sole Proprietorship

• Business Description: BMN Designs is an independently owned and operated design studio that is located in the home office of Breana M. Nutter, located in Colorado Springs. BMN Designs specializes in healthcare and residential design with an emphasis on sustainability.

• Breana M. Nutter is an experienced small business owner and entrepreneur, who graduated with her BS in Interior Design in 2017, and passed the NCIDQ Certification in 2017. She has 5 years of Interior Design experience, and subcontracts frequently with local architectural