Missouri Business Startup Guides

Opening a Business in Montgomery City, Missouri

Contemplating starting a business in Montgomery City, Missouri? We walk you through the process of opening a business in Montgomery City.

Are You Sure You Want to Do This?

Most new companies fail, in part because the entrepreneur did not have the tenacity and/or the skills to succeed. So, before you open a business, consider all of the implications of being an entrepreneur.

Here are three things we recommend you do before you fully commit to starting a new business of your own.

  • Talk to other entrepreneurs in Montgomery City. Ask them candidly what it's like to run a business.
  • We recommend reading Should You Become an Entrepreneur?. For aspiring new entrepreneurs, it's a must read article.
  • Have a candid conversation with friends and family. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.

Choosing the Right Company to Start

An important decision is what kind of business you want to start. We recommend that you read How to Evaluate a Business Idea.

For step-by-step instructions on starting a variety of business types, visit the Good Businesses to Start section of our site. For example, you might be interested in our Starting an Advertising Art Layout & Production Service guide or our Starting a Lawn & Irrigation Sprinklers Retail Business guide.

Always keep in mind that you are starting a business in Montgomery City. The business you want to start may already be well-represented in Montgomery City. A critical consideration is whether Montgomery City demographics mesh well with your startup concept.

Montgomery City, Missouri Demographic Information

Montgomery City has an active business community that includes small businesses, mid-sized businesses and large businesses.

To give you a better feel for Montgomery City demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Montgomery City.

Business Size
# of
Businesses
1-4 Employees
254
5-9 Employees
99
10-19 Employees
42
20-49 Employees
18
50-99 Employees
6
100-249 Employees
0
250-499 Employees
0
500-999 Employees
0
1000+ Employees
0
All Montgomery City Businesses
419

As a new Montgomery City entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Montgomery City 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
Animal (except Poultry) Slaughtering
1
Automotive Parts and Accessories Stores
4
Beauty Salons
2
Business Associations
1
Child Day Care Services
2
Copper Foundries (except Die-Casting)
1
Direct Life Insurance Carriers
1
Dog and Cat Food Manufacturing
1
Drinking Places (Alcoholic Beverages)
2
Electric Power Distribution
1
Electrical Contractors
2
Florists
1
Food Service Contractors
1
Framing Contractors
1
Full-Service Restaurants
1
Funeral Homes and Funeral Services
1
General Automotive Repair
2
General Freight Trucking, Local
1
Golf Courses and Country Clubs
1
Hardware Stores
1
Home Health Care Services
1
Homes for the Elderly
1
Insurance Agencies and Brokerages
9
Landscaping Services
1
Limited-Service Restaurants
2
Local Messengers and Local Delivery
1
Logging
2
Mail-Order Houses
1
New Car Dealers
1
Newspaper Publishers
1
Office Supplies and Stationery Stores
1
Offices of Chiropractors
1
Offices of Lawyers
3
Offices of Optometrists
1
Petroleum Bulk Stations and Terminals
1
Pharmacies and Drug Stores
2
Photography Studios, Portrait
1
Ready-Mix Concrete Manufacturing
1
Recreational Vehicle Dealers
1
Residential Remodelers
1
Securities Brokerage
1
Site Preparation Contractors
1
Tax Preparation Services
1
Tile and Terrazzo Contractors
1
Title Abstract and Settlement Offices
1
Used Car Dealers
1
Veterinary Services
1
Video Tape and Disc Rental
1
Wired Telecommunications Carriers
1

What About Buying an Existing Montgomery City Business?

An excellent way to get started in business is to Buy a Business in Missouri. Follow that link and you might discover several good businesses for sale in Montgomery City.

Before buying a business, be sure to read this article: Buying a Business.

Where to Get Money to Start a Company

Raising money to fund your new Montgomery City business is a difficult chore. To obtain business financing, you will need to hear a lot of rejections before you finally find a funding solution that works for you.

Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled Business Line of Credit.

For Montgomery City entrepreneurs on the hunt for startup funding, you'll want to take a look at our List of Missouri Angel Investors and our List of Missouri Venture Capital Firms.

Marketing Your New Business

Whether your goal is to attract Montgomery City customers or you plan on selling elsewhere, you need a excellent marketing plan.

There are myriad resources on this site to help you with your marketing plan. Local Search discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just one of the many useful articles we have on Marketing a Small Business.

Next Steps

Most new Montgomery City businesses underestimate the number of challenges they will face.

Owning your own business will be a daunting task, but you can do it.

We are here to help Montgomery City businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Montgomery City entrepreneur who is just getting started or you are already up and running with your new venture.

More Entrepreneurial Resources for Starting a Business in Montgomery City, Missouri

Here are more links that we believe will help you be successful in starting a business in Montgomery City.

More Startup Articles for Missouri Cities

Starting a Business in Monroe City
Starting a Business in Mound City

Browse All Business Startup Guides for Missouri
Starting a Business Guides for Other States

 

 

Share this article


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary