North Dakota Business Startup Guides
Starting a Business in Williston, North Dakota
Thinking about starting a business in Williston, North Dakota? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Williston.
Williston, North Dakota Demographic Information
Williston has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Williston demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Williston.
Businesses
As a new Williston entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Williston 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
What About Franchising Opportunities?
Examine a list of Williston businesses and you'll conclude that many business owners have opted to buy a franchise, rather than starting a business on their own. But is franchising the right option for you?
Most business experts recommend that you investigate buying a franchise. We have many articles on franchises, such as The Franchising Process. Get a thorough education on franchising by browsing all of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Sample franchise opportunities include Ice Cold Air and Miracle Method Surface Restoration. Alternatively, you can browse franchise categories, such as Embroidery Franchises and Pet Franchises.
Note on Williston Franchise Opportunities: To find out if a franchise you are interested in is available in Williston, you will need to get in direct contact with the franchisor.
Have You Considered Buying an Existing Williston Business?
We've created a helpful website page for those who want to Buy a Business in North Dakota. Follow that link and you can review several good businesses for sale in Williston.
Before buying a business, be sure to read this article: How to Buy a Business.
Forming a Company in Williston, North Dakota
A critical step is ensuring that you are forming a legal entity that operates independently from you. Doing so will shield you from personal liability for business debts and obligations.
The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporation is a very common way to legally create a business entity. A key decision is whether to form and S-Corp or a C-Corp, and you also must decide in which state you will incorporate. If you are starting a business in North Dakota, it doesn't mean you are required to incorporate in North Dakota. In fact, you are allowed to incorporate in any state you would like to. 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 may also want to seek the advice of an attorney. Finally, if you are starting a business in Williston, North Dakota, our information on Incorporating in North Dakota may be a useful resource if you decide to incorporate in North Dakota.
Promoting Your New Business
To grow your Williston business, you need a solid marketing plan.
We have some great resources on this site for entrepreneurs who are working on marketing plans. PR Versus Advertising is a good read to get your marketing juices flowing. That's just a taste of the many useful articles we have on Marketing a Small Business.
Increase Your Entrepreneurial Knowledge
Good entrepreneurs recognize that they don't know everything.
With your business being located in Williston, North Dakota, you will want to take advantage of the many programs available at nearby North Dakota universities, colleges and community colleges. It's also wise to see if there are any Williston networking organizations.
Now It's Up To You
You have a dream -- starting a business in Williston. To achieve your dream, you have to persevere, even when the odds are against you.
From this point on, you control your own destiny.
We are here to help Williston 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 Williston, North Dakota
Here are more links that we believe will help you be successful in starting a business in Williston.
- Resources for Williston, North Dakota Entrepreneurs - Browse a variety of resources we've collected to assist Williston 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.
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