August 12, 2020  
 
  Entrepreneurial Resources - Advice for Minnesota Entrepreneurs  
  Alden, Minnesota Resources for Entrepreneurs  
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Start a Business in Alden, Minnesota

Are you starting a business in Alden, Minnesota? This article discusses the most important things to consider when opening a business in Alden.

Which Business to Choose?

There are many businesses that you can start. How do you know which type of business is right for you? You might get some good ideas about what kind of business to start by reading 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 Carpets & Rugs Commercial & Industrial Business guide or our How to Start a Window Repair & Replacement Business guide.

Remember that you are opening your new business in Alden. If Alden already has plenty of the kind of business you want to start, you might want to change your plans. Only by spending some time analyzing Alden demographics can you decide if there will be strong demand for your business idea.

Alden, Minnesota Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 300
5-9 Employees 168
10-19 Employees 24
20-49 Employees 0
50-99 Employees 0
100-249 Employees 0
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Alden Businesses 492

As a new Alden entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Alden 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
Child Day Care Services 1
Civic and Social Organizations 1
Community Food Services 1
Electrical Contractors 2
Farm Supplies Merchant Wholesalers 4
Flight Training 1
Framing Contractors 1
Full-Service Restaurants 1
Furniture Stores 1
General Automotive Repair 2
General Freight Trucking, Local 1
Golf Courses and Country Clubs 1
Insurance Agencies and Brokerages 1
Janitorial Services 1
Landscaping Services 1
Newspaper Publishers 1
Offices of Dentists 1
Professional Organizations 1
Roofing Contractors 1
Solid Waste Collection 2
Wood Container and Pallet Manufacturing 1

What About Franchising Opportunities?

As you drive around Alden, you'll notice that many local entrepreneurs have gone the franchising route. Should you be giving franchising serious consideration?

Our advice is to consider franchising as an option. On our site, you can read many articles about franchising, such as Questions to Ask Franchisors. Become a franchising expert of sorts by reading more of our Articles on Franchising.

To learn about specific franchise opportunities, check out our Franchise Directory.

Sample franchise opportunities include The Coffee Beanery, Ltd. and Ellianos Coffee. Alternatively, you can browse franchise categories, such as Carpet Retail Franchises and Home Inspection Franchises.

Note on Alden Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Alden.

Have You Considered Buying an Existing Alden Business?

We've created a useful website page for those who want to Buy a Business in Minnesota. Follow that link and you might discover several good businesses for sale in Alden.

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

Choosing a Company Name

A big decision when starting a company is choosing a company name. Believe it or not, choosing a good company name can be a big contributor to your business success.

Pick a company name that isn't too generic. If you do a search engine search for your proposed name and a billion results come up, you may want to reconsider the name. It's much easier to come up in the search engines when your name is fairly unique.

For other considerations regarding naming a company, we recommend this article: Naming a Company.

There's one other important factor when naming a business. Since you are planning on starting a business in Alden, it's very important that you make sure no other Minnesota company is using the business name you want to use.

Make Sure You Have a Business Plan

A business plan is essential to the health of your new business. Simply put, a business plan describes what you plan to do with the business and how you plan to do it. Not having a business plan is a recipe for disaster.

To learn more about business plans, read Business Plan Contests. You can also get free business counselors available to you through your local SCORE chapter in Minnesota.

Bring in Revenues

Being able to sell is essential to your business success. Whether you are focused on selling local customers in Alden or are selling to customers throughout Minnesota, 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.

Landing Big Customers is worth reading, as it may give you some good ideas on how to sell your products or services. We have many more good articles on selling that you may enjoy reading.

Next Steps

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

We are here to help Alden businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Alden, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Alden, Minnesota

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

 

 

Additional Resources for Entrepreneurs

Buying a Business

Writing a Business Plan

Raising Money

Incorporate

Small Business Marketing

Advertising Advice

Public Relations -

Customer Service Tips

Entrepreneurial Selling

Workplace Safety