January 19, 2021  
 
  Entrepreneurial Resources - Advice for Minnesota Entrepreneurs  
  Annandale, Minnesota Resources for Entrepreneurs  
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Start a Business in Annandale, Minnesota

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

Are You Sure You Want to Do This?

Most new ventures don't make it, in part because the business owner did not have the perseverance and abilities that are necessary to succeed. So, before you open a business, consider all of the implications of being an entrepreneur.

Before you move forward with starting a business, be sure to do these three things:

  • Speak with other entrepreneurs in Annandale. Ask them candidly what it's like to run a business.
  • You should read The Entrepreneurial Personality. It's a good read for those who are thinking about becoming an entrepreneur.
  • Reach out to a trusted acquaintance. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.

Annandale, Minnesota Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 1062
5-9 Employees 330
10-19 Employees 270
20-49 Employees 108
50-99 Employees 27
100-249 Employees 18
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Annandale Businesses 1815

As a new Annandale entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Annandale 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
Architectural Services 1
Automotive Parts and Accessories Stores 1
Beauty Salons 1
Bed-and-Breakfast Inns 1
Beer, Wine, and Liquor Stores 1
Boat Dealers 3
Caterers 2
Child Day Care Services 3
Civic and Social Organizations 2
Coin-Operated Laundries and Drycleaners 2
Computer Facilities Management Services 1
Computer Systems Design Services 1
Concrete Block and Brick Manufacturing 1
Construction Sand and Gravel Mining 1
Continuing Care Retirement Communities 1
Couriers 1
Drinking Places (Alcoholic Beverages) 2
Drywall and Insulation Contractors 2
Electrical Contractors 2
Engineering Services 1
Finish Carpentry Contractors 3
Fitness and Recreational Sports Centers 1
Floor Covering Stores 1
Flooring Contractors 2
Florists 2
Framing Contractors 7
Full-Service Restaurants 4
Funeral Homes and Funeral Services 1
General Automotive Repair 3
General Freight Trucking, Local 1
General Rental Centers 1
Gift, Novelty, and Souvenir Stores 2
Golf Courses and Country Clubs 3
Hardware Merchant Wholesalers 1
Hardware Stores 1
Home Furnishing Merchant Wholesalers 1
Home Health Care Services 1
Insurance Agencies and Brokerages 5
Jewelry Stores 1
Landscaping Services 4
Lessors of Other Real Estate Property 1
Limited-Service Restaurants 3
Masonry Contractors 2
Meat Markets 1
Museums 1
New Car Dealers 2
Newspaper Publishers 1
Offices of Chiropractors 1
Offices of Dentists 4
Offices of Lawyers 1
Offices of Real Estate Appraisers 1
Perishable Prepared Food Manufacturing 1
Pharmacies and Drug Stores 2
Photography Studios, Portrait 3
Portfolio Management 1
Ready-Mix Concrete Manufacturing 2
Recreational Vehicle Dealers 2
Remediation Services 1
Residential Property Managers 1
Residential Remodelers 3
Reupholstery and Furniture Repair 1
Roofing Contractors 1
Rooming and Boarding Houses 1
School and Employee Bus Transportation 1
Sheet Metal Work Manufacturing 1
Site Preparation Contractors 4
Solid Waste Collection 1
Sporting Goods Stores 1
Telephone Answering Services 1
Tile and Terrazzo Contractors 1
Travel Agencies 1
Used Car Dealers 1
Veterinary Services 1
Video Tape and Disc Rental 1
Wholesale Trade Agents and Brokers 3
Wired Telecommunications Carriers 2
Women's Clothing Stores 1
Wood Window and Door Manufacturing 1

Is Franchising a Better Option?

As you drive around Annandale, it becomes clear that purchasing a franchise is a common way to get started as an entrepreneur. Should you be giving franchising serious consideration?

Most business experts recommend that you investigate buying a franchise. We have many articles on franchises, such as How to Franchise a Business. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.

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

Representative franchise opportunities include Sleep Inn and Sleep Inn & Suites and George Webb Restaurants. Alternatively, you can browse franchise categories, such as Restaurant Services Franchises and Telecommunications Franchises.

Note on Annandale Franchise Opportunities: To find out if a franchise you are interested in is available in Annandale, you will need to get in direct contact with the franchisor.

Have You Considered Buying an Existing Annandale Business?

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

If you are going to be buying a business, you may want to read this article: How to Buy a Business.

Naming the Business

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.

Before you decide on a company name, run it by some prospective customers and see what they think. If they don't like it, it's probably a good idea to go back to the drawing board.

For other considerations regarding naming a company, we recommend this article: Branding Advice.

There's one other important factor when naming a business. Since you are starting a business in Annandale, it's imperative that you check now that you will be the only Minnesota company using the business name you have chosen.

Don't Forget to Create a Business Plan

A business plan is vital to the health of your new business. Simply put, a business plan is a written description of the future you envision for your business. Failure to write a business plan is a recipe for disaster.

If you want more information on writing business plans, we recommend reading Business Plan Outsourcing. A great resource for business planning assistance is the face-to-face free consulting available from your local SCORE chapter in Minnesota.

Marketing Your New Company

To rise above the crowd in Annandale and accelerate your business, having an excellent marketing plan is fundamental to your successs.

You can learn all about marketing on our site. Pricing and Positioning discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just one of the many useful articles we have on Marketing a Small Business.

Next Steps

Most new Annandale businesses underestimate the number of challenges they will face.

If you choose the right business and love what you do, you will greatly increase your odds of success.

We are here to help Annandale businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Annandale entrepreneur who is just getting started or you are already up and running with your new venture.

More Entrepreneurial Resources for Starting a Business in Annandale, Minnesota

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

 

 

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