Montana Business Startup Guides
Open a Business in Broadus, Montana
Need help starting a business in Broadus, Montana? We've got the information you need to open a business in Broadus.
What Business to Start
An important decision is what kind of business you want to start. You might get some good ideas about what kind of business to start by reading 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 Opening a Dormer Construction Business guide or our How to Start a Shower Doors & Enclosures Wholesale & Manufacturers Business guide.
Remember that you are opening your new business in Broadus. Some businesses will do better in Broadus than others. Don't forget to review Broadus demographics to see if there's a market for what you want to sell.
Broadus, Montana Demographic Information
Broadus has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Broadus demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Broadus.
Businesses
As a new Broadus entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Broadus 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
Is Franchising a Better Option?
As you drive around Broadus, 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 investigate buying a franchise. On our site, you can read many articles about franchising, such as Understanding Franchise Contracts. 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 Complete Music and Expense Reduction Analysts USA. Alternatively, you can browse franchise categories, such as Accounting Franchises and Textile Repair Franchises.
Note on Broadus Franchise Opportunities: To find out if a franchise you are interested in is available in Broadus, you will need to get in direct contact with the franchisor.
Company Formation in Broadus, Montana
It's essential that your business is formed as a legal entity that is separate from its owners. Among other things, forming a legal entity for the business limits your liabilities.
The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporation is a very popular way to form a business. Of course, you have to decide which type of corporation to form and where to incorporate. Just because you are starting a business in Montana, it doesn't mean you are required to incorporate in Montana. In fact, you are allowed to incorporate wherever you want. However, if you do incorporate in another state, you'll have to register as a foreign corporation in your home state.
There's a lot to know about forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Incorporating Online. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Broadus, Montana, our information on Incorporating in Montana may be a useful resource if you decide to incorporate in Montana.
Startup Financing Basics
Getting your Broadus business the capital it needs to succeed is a difficult chore. If you don't have a rich uncle to fund you, you'll need to be creative in how you approach your fundraising efforts.
Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled Find Start-Up Capital.
For Broadus entrepreneurs on the hunt for startup funding, you'll want to take a look at our List of Montana Angel Investors and our List of Montana Venture Capital Firms.
Marketing Your New Company
To grow your Broadus business, you'll need to have a good marketing plan.
We have some helpful resources on this site for entrepreneurs who are working on marketing plans. Comparing Advertising to PR is a good read to get your marketing juices flowing. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.
How to Sell
Being able to sell is fundamental to your business success. Whether you are focused on selling local customers in Broadus or are selling to customers throughout Montana, 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? Fortunately, we've got plenty of good advice to help you improve your selling skills.
Hiring Telemarketing Firms to Generate Sales Leads is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.
What's Next?
You have a dream -- starting a business in Broadus. 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 Broadus businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Broadus, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Broadus, Montana
Here are more links that we believe will help you be successful in starting a business in Broadus.
- Resources for Broadus, Montana Entrepreneurs - Browse a variety of resources we've collected to assist Broadus entrepreneurs.
- Montana Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Montana.
- Montana Small Business Development Center - The Montana Small Business Development Centers focus on the creation, retention and expansion of Montana small businesses.
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