Montana Business Startup Guides
Opening a Business in Scobey, Montana
Contemplating starting a business in Scobey, Montana? We walk you through the process of opening a business in Scobey.
Are You Sure You Want to Do This?
Running your own business is demanding, and can be orders of magnitude more strenuous than working as an employee. Are you positive you have the stamina and skills to succeed on your own?
Because entrepreneurship is not for everyone, we recommend you do the following to help you assess whether you should move forward with starting a business:
- Talk to other entrepreneurs in Scobey. 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.
What Type of Business Should You Start?
Choosing a business that is right for you is very important. If you are struggling with what type of business to start, read Finding Your Niche in Life.
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 Opening a Warehouse Distributors Business guide or our Starting a Foot & Ankle Surgery Surgeons Business guide.
Remember that you are opening your new business in Scobey. Some businesses will do better in Scobey than others. Make sure you fully understand Scobey demographics before you lock in on your business idea.
Scobey, Montana Demographic Information
Scobey has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Scobey demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Scobey.
Businesses
As a new Scobey entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Scobey 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.
Businesses
Have You Considered Franchising?
As you drive around Scobey, you'll see that franchises make up a large percentage of local businesses. Would going with a franchise be a good idea for you?
Most business experts recommend that you investigate buying a franchise. This site has dozens of articles on franchising, such as Before Buying a Franchise. Get a thorough education on franchising by browsing all of our Articles on Franchising.
You can find franchise opportunities by browsing our Franchise Opportunities Directory.
Sample franchise opportunities include UltraSonic Blind Cleaning and Blue Collar Financial Group. Alternatively, you can browse franchise categories, such as Golf Franchises and Landscaping Franchises.
Note on Scobey Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Scobey.
Forming a Company in Scobey, Montana
It's very important that you are forming a legal entity that operates independently from you. Among other things, forming a legal entity for the business limits your liabilities.
When forming a company, you will select one of many company types, such as a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporation is a very popular way to form a business. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in Montana, you don't necessarily have to incorporate in Montana. As it turns out, you are allowed to incorporate in the state of your choosing. However, if you do incorporate in another state, you'll have to register as a foreign corporation in your home state.
There are many nuances to forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as How to Incorporate. You should also consider getting professional assistance from your business lawyer. On a final note, since you will be starting a business in Scobey, Montana, our web page covering Incorporating in Montana may be a useful resource if you decide to incorporate in Montana.
Raising Money for Your New Venture
Obtaining startup financing for your Scobey business is not an easy task. To obtain business financing, you will need to hear a lot of rejections before you finally find a funding solution that works for you.
To learn about raising money, we recommend you read the fundraising articles on our site, such as Business Cash Advances.
For Scobey entrepreneurs who need startup capital, browse our List of Montana Angel Investors and our List of Montana Venture Capital Firms.
Next Steps
As an entrepreneur in Scobey, you won't be working for the boss anymore. You are the boss.
From this point on, you control your own destiny.
We are here to help Scobey businesses to be successful. We have a wealth of experience in business start-ups, financing, marketing, sales and more...and we've made all of our knowledge available to you.
More Entrepreneurial Resources for Starting a Business in Scobey, Montana
Here are more links that we believe will help you be successful in starting a business in Scobey.
- Resources for Scobey, Montana Entrepreneurs - Browse a variety of resources we've collected to assist Scobey entrepreneurs.
- Montana Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Montana.
- Montana Small Business Development Center - The Montana Small Business Development Centers focus on the creation, retention and expansion of Montana small businesses.
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