Thinking about starting a business in Big Sandy, Montana? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Big Sandy.
Are You Ready for the Challenges of Being an Entrepreneur?
Before quitting your day job, assess your entrepreneurial instincts and capabilities.
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Speak with other entrepreneurs in Big Sandy. Listen closely to their experiences and see if you think you too can be successful.
- You should read Business Failure. It's a good read for those who are thinking about becoming an entrepreneur.
- Involve a spouse, family member or trusted friend in the decision. Ask them directly: Do I have what it takes to be an entrepreneur? Listen carefully to their answer, as they presumably know your strengths and weaknesses.
Big Sandy, Montana Demographic Information
Big Sandy has an active business community that includes small businesses,
mid-sized businesses and large businesses.
To give you a better feel for Big Sandy demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Big Sandy.
| Business Size | # of Businesses |
| 1-4 Employees |
243 |
| 5-9 Employees |
63 |
| 10-19 Employees |
18 |
| 20-49 Employees |
9 |
| 50-99 Employees |
9 |
| 100-249 Employees |
0 |
| 250-499 Employees |
0 |
| 500-999 Employees |
0 |
| 1000+ Employees |
0 |
| All Big Sandy Businesses |
342 |
As a new Big Sandy entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Big Sandy for each business category. By looking at this chart, you can get
a general sense for how much competition there is in the business niche that
you are pursuing.
| Business Type |
# of Businesses |
| Automotive Parts and Accessories Stores |
1 |
| Baked Goods Stores |
1 |
| Child Day Care Services |
1 |
| Drinking Places (Alcoholic Beverages) |
2 |
| Farm Management Services |
1 |
|
Full-Service Restaurants |
1 |
| Furniture Merchant Wholesalers |
1 |
| General Medical and Surgical Hospitals |
1 |
| Home Centers |
1 |
| Insurance Agencies and Brokerages |
2 |
| Janitorial Services |
1 |
| Limited-Service Restaurants |
1 |
| Newspaper Publishers |
1 |
|
Offices of Lawyers |
1 |
| Petroleum Bulk Stations and Terminals |
1 |
| Political Organizations |
1 |
| Residential Remodelers |
1 |
| School and Employee Bus Transportation |
1 |
| Tax Preparation Services |
1 |
Have You Considered Buying an Existing Big Sandy Business?
If you have some capital to play with, you may want to Buy a Business in Montana. Follow that link and you may find several good businesses for sale in Big Sandy.
If you are serious about buying a business, you may want to read this article: Buying a Business.
The Role of the Business Plan
Writing a business plan is vital in maximizing the prospects of your new company. Simply put, a business plan describes what you plan to do with the business and how you plan to do it. Not having a business plan will greatly reduce your chances of business success.
If you want more information on writing business plans, we recommend reading Business Plan Software. You can also get free counseling sessions provided by your local SCORE chapter in Montana.
Where to Get Money to Start a Company
Obtaining startup financing for your Big Sandy business is a difficult chore. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.
To learn about raising money, we recommend you read the fundraising articles on our site, such as How Much Venture Capital Is There?.
For Big Sandy entrepreneurs who want to raise money for a new venture, check out our List of Montana Angel Investors and our List of Montana Venture Capital Firms.
Marketing Your New Venture
To grow your Big Sandy business, you need a solid marketing plan.
You can learn quite a bit about marketing on our site. Marketing Basics is a good read to get your marketing thoughts flowing. That's just a taste of the many useful articles we have on Marketing a Small Business.
Never Give Up
You have a dream -- starting a business in Big Sandy. To achieve your dream, you have to persevere, even when the odds are against you.
If you choose the right business and love what you do, you will greatly increase your odds of success.
We are here to help Big Sandy businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Big Sandy, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Big Sandy, Montana
Here are more links that we believe will help you be successful in starting a business in Big Sandy.
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