South Dakota Business Startup Guides

Opening a Business in Beresford, South Dakota

Contemplating starting a business in Beresford, South Dakota? We walk you through the process of opening a business in Beresford.

Beresford, South Dakota Demographic Information

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

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

Business Size
# of
1-4 Employees
5-9 Employees
10-19 Employees
20-49 Employees
50-99 Employees
100-249 Employees
250-499 Employees
500-999 Employees
1000+ Employees
All Beresford Businesses

As a new Beresford entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Beresford 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
Ambulance Services
Appliance Repair and Maintenance
Architectural Services
Automotive Parts and Accessories Stores
Beer, Wine, and Liquor Stores
Bowling Centers
Business Associations
Civic and Social Organizations
Commercial Lithographic Printing
Commodity Contracts Brokerage
Community Food Services
Convenience Stores
Custom Computer Programming Services
Drinking Places (Alcoholic Beverages)
Elementary and Secondary Schools
Envelope Manufacturing
Family Clothing Stores
Farm Supplies Merchant Wholesalers
Fitness and Recreational Sports Centers
Flight Training
Full-Service Restaurants
General Automotive Repair
General Freight Trucking, Local
Gift, Novelty, and Souvenir Stores
Hardware Stores
Insurance Agencies and Brokerages
Janitorial Services
Landscaping Services
Newspaper Publishers
Nursing Care Facilities
Offices of Chiropractors
Offices of Dentists
Offices of Lawyers
Offices of Optometrists
Pharmacies and Drug Stores
Residential Remodelers
Roofing Contractors
Savings Institutions
Securities Brokerage
Used Car Dealers
Used Merchandise Stores
Veterinary Services

What About Franchising Opportunities?

Visit the business district of Beresford and you'll notice that many local entrepreneurs have gone the franchising route. But is franchising the right option for you?

Most business experts recommend that you consider franchising as an option. We have many articles on franchises, such as Franchising Scams. Get a thorough education on franchising by browsing all of our Articles on Franchising.

You can review hundreds of franchise opportunities by browing our Franchise Directory.

Representative franchise opportunities include Cookies in Bloom and Creative Colors International, Inc.. Alternatively, you can browse franchise categories, such as Restaurant Franchises and Modeling Franchises.

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

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.

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 planning on starting a business in Beresford, it's very important that you make sure you will be the only South Dakota company using the business name you have chosen.

Forming a Company in Beresford, South Dakota

It's very important that you choose the right legal structure for your new entity. Doing so will insulate you from personal liability for business debts and obligations.

The entity you form can be a corporation, LLC, sole proprietorship, partnership or other structure.

Incorporating is a very common way to legally create a business entity. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in South Dakota, you don't necessarily have to incorporate in South Dakota. As it turns out, you can incorporate in any state you would like to. For example, it's very popular to incorporate in Delaware, and incorporating in Nevada has become very trendy as well. Don't forget, though, that you will have to register as a foreign entity in all states that you do business in.

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 Corporate Formalities. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Beresford, South Dakota, our information on Incorporating in South Dakota may be a useful resource if you decide to incorporate in South Dakota.

Make Sure You Have a Business Plan

Having a business plan is vital in maximizing the prospects of your new company. Simply put, a business plan is a written description of the future you envision for your business. Not having a business plan makes you more prone to becoming a business failure statistic.

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

Bring in Revenues

Being able to sell is critical to your business success. Whether you are focused on selling local customers in Beresford or are selling to customers throughout South Dakota, the United States or even the world, you have to be able to sell.

So what does it take to bring in more prospects and close more business? The good news is we can help you to make selling a big competitve advantage for your new firm.

Selling on the Phone is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.

Next Steps

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

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

This site is all about helping entrepreneurs in Beresford and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Beresford 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 Beresford, South Dakota

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

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