Missouri Business Startup Guides

Open a Business in Potosi, Missouri

Need help starting a business in Potosi, Missouri? We've got the information you need to open a business in Potosi.

Are You Sure You Want to Do This?

Before announcing to the world that you are going to start your own business, 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:

  • Reach out to other entrepreneurs in Potosi. Ask them candidly what it's like to run a business.
  • Peruse Why Small Businesses Fail. This is one of our more popular articles for folks who want to go into business for themselves.
  • Get feedback from somebody whom you trust. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.

What Business Are You Starting?

An important decision is what kind of business you want to start. If you are struggling with what type of business to start, read Free Business Ideas.

For in-depth how-to guides on how to start specific businesses, browse our Good Businesses to Start section of our site. For example, you might be interested in our Starting a Hand Painted & Crafted Furniture Business guide or our Starting a Music Boxes Business guide.

Always keep in mind that you are starting a business in Potosi. The business you want to start may already be well-represented in Potosi. Only by spending some time analyzing Potosi demographics can you decide if there will be strong demand for your business idea.

Potosi, Missouri Demographic Information

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

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

Business Size
# of
Businesses
1-4 Employees
1371
5-9 Employees
333
10-19 Employees
207
20-49 Employees
99
50-99 Employees
54
100-249 Employees
36
250-499 Employees
0
500-999 Employees
0
1000+ Employees
0
All Potosi Businesses
2100

As a new Potosi entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Potosi 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
Appliance Repair and Maintenance
1
Automotive Parts and Accessories Stores
5
Beauty Salons
2
Beer, Wine, and Liquor Stores
1
Boat Building
1
Bowling Centers
1
Child and Youth Services
1
Child Day Care Services
3
Civic and Social Organizations
2
Coin-Operated Laundries and Drycleaners
1
Computer Systems Design Services
1
Consumer Lending
1
Diagnostic Imaging Centers
1
Drafting Services
1
Drinking Places (Alcoholic Beverages)
2
Electric Power Distribution
1
Electrical Contractors
1
Electronic Shopping
1
Engineering Services
1
Exam Preparation and Tutoring
1
Fitness and Recreational Sports Centers
1
Florists
1
Full-Service Restaurants
5
Funeral Homes and Funeral Services
2
General Automotive Repair
1
General Medical and Surgical Hospitals
1
Golf Courses and Country Clubs
1
Home Centers
1
Home Health Care Services
8
Human Rights Organizations
1
Insurance Agencies and Brokerages
2
Janitorial Services
2
Kidney Dialysis Centers
1
Limited-Service Restaurants
7
Machine Shops
1
Manufactured (Mobile) Home Dealers
1
Motor Vehicle Towing
1
Motorcycle Dealers
1
New Car Dealers
2
Newspaper Publishers
1
Nursing Care Facilities
2
Offices of Chiropractors
2
Offices of Dentists
4
Offices of Lawyers
1
Offices of Optometrists
1
Pet and Pet Supplies Stores
1
Pharmacies and Drug Stores
1
Photography Studios, Portrait
1
Radio Stations
1
Ready-Mix Concrete Manufacturing
2
Residential Property Managers
1
Residential Remodelers
1
Savings Institutions
1
Securities Brokerage
1
Siding Contractors
2
Snack and Nonalcoholic Beverage Bars
1
Sporting Goods Stores
1
Support Activities for Metal Mining
1
Temporary Help Services
1
Tire Dealers
4
Tire Retreading
1
Title Abstract and Settlement Offices
1
Used Car Dealers
4
Used Merchandise Stores
1
Veterinary Services
1
Video Tape and Disc Rental
1
Vocational Rehabilitation Services
1
Voluntary Health Organizations
1
Wood Container and Pallet Manufacturing
1

Marketing Your New Startup

To grow your Potosi business, you'll need to have a good marketing plan.

There are myriad resources on this site to help you with your marketing plan. How to Market to Accountants and CPAs is a good read to get your marketing juices flowing. That's just one of the many useful articles we have on Marketing a Small Business.

Bring in Revenues

Being able to sell is a key enabler to your business success. Whether you are focused on selling local customers in Potosi or are selling to customers throughout Missouri, the United States or even the world, you have to be able to sell.

Good selling involves demonstrating that your wares meet your customer's needs. Fortunately, we've got plenty of good advice to help you improve your selling skills.

Mastering the Complex Sale offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.

Learning More About Entrepreneurship

Good business owners recognize that what they know now may not be enough to ensure their future success.

Given that you are starting a business in Potosi, Missouri, you should get information on some of the many programs available at nearby Missouri universities, colleges and community colleges. You should also check if there are any networking groups or organizations in which Potosi entrepreneurs get together to network and trade their business experiences.

Next Steps

You have a dream -- starting a business in Potosi. 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.

Our goal here is to promote the vitality and growth of small businesses in Potosi and throughout the United States . We believe entrepreneurship is an amazing engine for job creation in Potosi, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Potosi, Missouri

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

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