Opening a Business in Watford City, North Dakota

Contemplating starting a business in Watford City, North Dakota? We walk you through the process of opening a business in Watford City.

Will You Be a Good Entrepreneur?

Before quitting your day job, take inventory of your entrepreneurial instincts and capabilities.

While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:

• Talk to other entrepreneurs in Watford City. They are usually very willing to share their insights on the ups and downs of being an entrepreneur.
• We recommend reading Why Small Businesses Fail. For aspiring new entrepreneurs, it's a must read article.
• Get feedback from somebody whom you trust. Others sometimes know you better than you know yourself.

What Type of Business Should You Start?

An important decision is what kind of business you want to start. We recommend that you read Business Ideas That Don't Make Sense.

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 How to Start a Broadband Services Business guide or our Starting a Geographers Business guide.

Remember that your new startup will be located in Watford City. Some businesses will do better in Watford City than others. A critical consideration is whether Watford City demographics mesh well with your startup concept.

Watford City, North Dakota Demographic Information

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

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

Business Size	# of Businesses
1-4 Employees	235
5-9 Employees	99
10-19 Employees	39
20-49 Employees	24
50-99 Employees	0
100-249 Employees	3
250-499 Employees	0
500-999 Employees	0
1000+ Employees	0
All Watford City Businesses	400

As a new Watford City entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Watford 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
Ambulance Services	1
Automotive Parts and Accessories Stores	1
Beauty Salons	2
Beer, Wine, and Liquor Stores	1
Bowling Centers	1
Business Associations	2
Civic and Social Organizations	2
Credit Unions	1
Drilling Oil and Gas Wells	1
Drinking Places (Alcoholic Beverages)	3
Drywall and Insulation Contractors	1
Electric Power Distribution	1
Electrical Contractors	1
Full-Service Restaurants	3
Funeral Homes and Funeral Services	1
General Automotive Repair	1
General Medical and Surgical Hospitals	1
Golf Courses and Country Clubs	2
Hardware Stores	1
Home Health Care Services	1
Industrial Launderers	1
Insurance Agencies and Brokerages	4
Land Subdivision	1
Landscaping Services	2
Limited-Service Restaurants	1
Machine Shops	1
Motorcycle Dealers	1
Natural Gas Distribution	1
New Car Dealers	2
Newspaper Publishers	1
Office Administrative Services	1
Offices of Certified Public Accountants	2
Offices of Lawyers	1
Offices of Optometrists	1
Painting and Wall Covering Contractors	1
Petroleum Bulk Stations and Terminals	2
Pharmacies and Drug Stores	2
Ready-Mix Concrete Manufacturing	1
Securities Brokerage	1
Site Preparation Contractors	3
Sports and Recreation Instruction	1
Support Activities for Forestry	1
Telemarketing Bureaus	1
Title Abstract and Settlement Offices	1
Tobacco Stores	1
Truck Trailer Manufacturing	1
Used Car Dealers	1
Veterinary Services	1
Video Tape and Disc Rental	1
Women's Clothing Stores	1

Have You Considered Buying an Existing Watford City Business?

We've created a helpful website page for those who want to Buy a Business in North Dakota. Follow that link and you may find several good businesses for sale in Watford City.

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

Don't Skip the Business Plan

Creating a business plan is critical to the health of your new business. In effect, a business plan is a written description of the future you envision for your business. Not having a business plan

Before you start writing a business plan, we suggest you skim Business Plan Outsourcing. You can also get free counseling sessions provided by your local SCORE chapter in North Dakota.

Improving Your Entrepreneurial Skillset

Good entrepreneurs recognize that they need to continually improve.

As an entrepreneur who lives in Watford City, North Dakota, you will want to take advantage of the many programs available at nearby North Dakota universities, colleges and community colleges. We also recommend you look into Watford City networking organizations.

What's Next?

You have a dream -- starting a business in Watford City. To achieve your dream, you have to persevere, even when the odds are against you.

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

This site is all about helping entrepreneurs in Watford City and elsewhere to achieve real success. 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 Watford City, North Dakota

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

• Resources for Watford City, North Dakota Entrepreneurs - Browse a variety of resources we've collected to assist Watford City entrepreneurs.
• North Dakota Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in North Dakota.
• North Dakota Small Business Development Center - The North Dakota Small Business Development Center's mission is to provide high quality business assistance in the form of counseling, training, and research to existing and prospective North Dakota small businesses.
• Watford City, North Dakota Newspaper Ad Rates - This is a nearly comprehensive list of advertising rates for Watford City, North Dakota newspapers, including ad costs for newspapers serving the Watford City area.

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