January 19, 2021  
 
  Entrepreneurial Resources - Advice for Minnesota Entrepreneurs  
  Barnesville, Minnesota Resources for Entrepreneurs  
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Starting a Business in Barnesville, Minnesota

Thinking about starting a business in Barnesville, Minnesota? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Barnesville.

What Business to Start

There are many businesses that you can start. How do you know which type of business is right for you? To help you decide on a business type, we encourage you to read Good 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 an Organ Donation & Tissue Banks Business guide or our How to Start a Recorded & Live Information Services Business guide.

Remember that your new startup will be located in Barnesville. Think about what needs are currently being underserved in Barnesville. Don't forget to review Barnesville demographics to see if there's a market for what you want to sell.

Barnesville, Minnesota Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 672
5-9 Employees 180
10-19 Employees 156
20-49 Employees 60
50-99 Employees 12
100-249 Employees 0
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Barnesville Businesses 1080

As a new Barnesville entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Barnesville 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
Advertising Agencies 1
Animal (except Poultry) Slaughtering 1
Automotive Parts and Accessories Stores 1
Beauty Salons 1
Beer, Wine, and Liquor Stores 1
Bowling Centers 1
Child Day Care Services 1
Civic and Social Organizations 3
Commercial Lithographic Printing 1
Electronic Shopping 1
Elementary and Secondary Schools 1
Farm Product Warehousing and Storage 1
Farm Supplies Merchant Wholesalers 2
Finish Carpentry Contractors 1
Flooring Contractors 1
Framing Contractors 1
Full-Service Restaurants 3
Funeral Homes and Funeral Services 1
General Automotive Repair 1
General Freight Trucking, Local 1
General Warehousing and Storage 1
Hardware Stores 2
Home Health Care Services 1
Insurance Agencies and Brokerages 3
Land Subdivision 1
Landscaping Services 1
Limited-Service Restaurants 2
Machine Shops 1
Nursing Care Facilities 1
Offices of Chiropractors 1
Offices of Dentists 2
Offices of Real Estate Appraisers 1
Painting and Wall Covering Contractors 2
Pet Care (except Veterinary) Services 1
Petroleum Bulk Stations and Terminals 1
Retail Bakeries 1
School and Employee Bus Transportation 1
Sheet Metal Work Manufacturing 1
Siding Contractors 1
Tax Preparation Services 3
Used Car Dealers 1
Used Household and Office Goods Moving 1
Veterinary Services 1
Wholesale Trade Agents and Brokers 1

Have You Considered Buying an Existing Barnesville Business?

An excellent way to get started in business is to Buy a Business in Minnesota. Follow that link and you might discover several good businesses for sale in Barnesville.

Before buying a business, be sure to read this article: Hold Harmless Agreements When Buying Businesses.

Naming the Company

Making the right decision when choosing a company name is very important. There are many decisions you'll make now that you can change later, but changing a company name years down the road is not very easy. So, choose a good company name at the outset.

Even if the name doesn't do it by itself, many naming experts believe there should be a story behind the name that ties into your company mission.

To get up to speed on what makes for a good company name, we encourage you to read this useful article: Branding Advice.

As a final piece of advice, remember that because you are planning on starting a business in Barnesville, it's critical that you ensure that no other Minnesota company is using the business name you want to use.

Promoting Your New Venture

Whether your goal is to attract Barnesville customers or you plan on selling elsewhere, you need a great marketing plan.

We have some helpful resources on this site for entrepreneurs who are working on marketing plans. National TV Spot Advertising Rates is an article that will generate a few thoughts on your marketing plan. That's just a sampling of the many useful articles we have on Marketing a Small Business.

Bring in Revenues

Do you know how to sell? In order to attract customers to your new Barnesville business, you need to focus on sales.

So what does it take to bring in more prospects and close more business? Fortunately, we've got plenty of good advice to help you improve your selling skills.

Anticipating Prospect Responses 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

As an entrepreneur in Barnesville, you won't be working for the boss anymore. You are the boss.

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

We are here to help Barnesville 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 Barnesville, Minnesota

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

 

 

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