August 9, 2020  
 
  Entrepreneurial Resources - Advice for Nebraska Entrepreneurs  
  Broken Bow, Nebraska Resources for Entrepreneurs  
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Starting a Business in Broken Bow, Nebraska

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

Are You Ready for Entrepreneurship?

Most new ventures do not succeed, in part because the entrepreneur did not have the entrepreneurial skills and traits needed to succeed. So, before you open a business, consider all of the implications of being an entrepreneur.

While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:

  • Speak with other entrepreneurs in Broken Bow. Listen closely to their experiences and see if you think you too can be successful.
  • You should read Business Failure. It's a good read for those who are thinking about becoming an entrepreneur.
  • Involve a spouse, family member or trusted friend in the decision. Ask them directly: Do I have what it takes to be an entrepreneur? Listen carefully to their answer, as they presumably know your strengths and weaknesses.

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 How to Evaluate a Business Idea.

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 an Aerial Surveyors Business guide or our How to Start a Restaurant Employment Agencies Business guide.

Don't forget that starting a business in Broken Bow has some implications. The business you want to start may already be well-represented in Broken Bow. Only by spending some time analyzing Broken Bow demographics can you decide if there will be strong demand for your business idea.

Broken Bow, Nebraska Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 834
5-9 Employees 246
10-19 Employees 138
20-49 Employees 114
50-99 Employees 6
100-249 Employees 6
250-499 Employees 6
500-999 Employees 0
1000+ Employees 0
All Broken Bow Businesses 1350

As a new Broken Bow entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Broken Bow 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
Automotive Parts and Accessories Stores 3
Beauty Salons 3
Beer, Wine, and Liquor Stores 1
Bowling Centers 1
Business Associations 2
Child and Youth Services 2
Child Day Care Services 2
Children's and Infants' Clothing Stores 1
Computer and Software Stores 1
Couriers 1
Crop Harvesting, Primarily by Machine 1
Drinking Places (Alcoholic Beverages) 2
Electrical Contractors 2
Exterminating and Pest Control Services 1
Family Clothing Stores 3
Farm Management Services 1
Farm Supplies Merchant Wholesalers 2
Finish Carpentry Contractors 2
Floor Covering Stores 1
Florists 3
Food Service Contractors 1
Framing Contractors 1
Full-Service Restaurants 4
Funeral Homes and Funeral Services 1
Furniture Stores 2
General Automotive Repair 4
General Freight Trucking, Local 1
General Medical and Surgical Hospitals 1
Gift, Novelty, and Souvenir Stores 1
Golf Courses and Country Clubs 1
Grantmaking Foundations 1
Hardware Manufacturing 1
Hardware Stores 2
Home Centers 1
Homes for the Elderly 1
Household Appliance Stores 2
Human Rights Organizations 1
Insurance Agencies and Brokerages 8
Investment Advice 1
Janitorial Services 1
Jewelry Stores 1
Landscaping Services 1
Limited-Service Restaurants 1
Masonry Contractors 1
Meat Markets 1
Meat Processed from Carcasses 1
Motorcycle Dealers 1
Museums 1
Natural Gas Distribution 1
New Car Dealers 2
Newspaper Publishers 1
Nursing Care Facilities 1
Offices of Bank Holding Companies 1
Offices of Certified Public Accountants 2
Offices of Chiropractors 2
Offices of Dentists 2
Offices of Lawyers 6
Offices of Optometrists 1
Pharmacies and Drug Stores 4
Radio Stations 1
Real Estate Credit 1
Residential Remodelers 1
Retail Bakeries 1
Savings Institutions 2
Securities Brokerage 1
Shoe Stores 1
Site Preparation Contractors 2
Snack and Nonalcoholic Beverage Bars 2
Solid Waste Collection 1
Tax Preparation Services 2
Tire Dealers 1
Title Abstract and Settlement Offices 1
Travel Agencies 1
Used Car Dealers 1
Vending Machine Operators 1
Veterinary Services 4
Video Tape and Disc Rental 1
Vocational Rehabilitation Services 1
Wholesale Trade Agents and Brokers 1
Wired Telecommunications Carriers 1

What About Franchising Opportunities?

Browse the Yellow Pages for Broken Bow and you may be surprised to see how many franchises there are in the area. Is there a franchise opportunity out there that makes sense for you?

We highly recommend you investigate buying a franchise. We have many articles on franchises, such as The Franchising Process. Become a franchising expert of sorts by reading more of our Articles on Franchising.

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

Sample franchise opportunities include Five Star Painting and Homewood Suites by Hilton. Alternatively, you can browse franchise categories, such as Child Photos and Portraits Franchises and Financial Services Franchises.

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

Make Sure You Have a Business Plan

Writing a business plan is vital in maximizing the prospects of your new company. Indeed, a business plan describes what you plan to do with the business and how you plan to do it. Not having a business plan will greatly reduce your chances of business success.

If you want more information on writing business plans, we recommend reading Business Plan Contests. A great resource for business planning assistance is the free counseling sessions provided by your local SCORE chapter in Nebraska.

Building Up Your Sales

Mastering the art of selling is priority one if you want your new Broken Bow business to do well.

Not knowing how to sell can result in lost customers and minimal market share. Let us help you refine your selling techniques through our many useful sales advice tips.

Selling Products on eBay 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.

How to Improve Your Entrepreneurial Abilities

Good business owners recognize that they need to continually improve.

With your business being located in Broken Bow, Nebraska, you will want to take advantage of the many programs available at nearby Nebraska universities, colleges and community colleges. It's also worthwhile to see if there are any networking groups or organizations in which Broken Bow entrepreneurs get together to network and trade their business experiences.

Never Give Up

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

From this point on, you control your own destiny.

Our goal here is to promote the vitality and growth of small businesses in Broken Bow and throughout the United States . We want to be there for you to answer your business questions, whether you are a new Broken Bow 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 Broken Bow, Nebraska

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

 

 

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