September 30, 2020  
 
  Entrepreneurial Resources - Advice for Minnesota Entrepreneurs  
  Brooten, Minnesota Resources for Entrepreneurs  
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Start a Business in Brooten, Minnesota

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

Brooten, Minnesota Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 84
5-9 Employees 42
10-19 Employees 15
20-49 Employees 6
50-99 Employees 0
100-249 Employees 0
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Brooten Businesses 147

As a new Brooten entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Brooten 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
Animal (except Poultry) Slaughtering 1
Automotive Parts and Accessories Stores 1
Automotive Transmission Repair 1
Beer, Wine, and Liquor Stores 2
Car Washes 1
Civic and Social Organizations 1
Drinking Places (Alcoholic Beverages) 1
Electrical Contractors 1
Finish Carpentry Contractors 2
Full-Service Restaurants 2
Furniture Stores 1
Golf Courses and Country Clubs 1
Industrial Mold Manufacturing 1
Insurance Agencies and Brokerages 1
Masonry Contractors 2
Newspaper Publishers 1
Painting and Wall Covering Contractors 1
Retail Bakeries 1
Solid Waste Collection 1
Wholesale Trade Agents and Brokers 1

Is a Franchise Opportunity Right For You?

As you drive around Brooten, you'll notice that many local entrepreneurs have gone the franchising route. Is there a franchise opportunity out there that makes sense for you?

We highly recommend you consider franchising as an option. We have many articles on franchises, such as Franchising My Business. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.

You can find franchise opportunities by browsing our Franchise Opportunities Directory.

Sample franchise opportunities include 4 Color Press and Clubhouse Inns. Alternatively, you can browse franchise categories, such as Flooring Franchises and Mexican Restaurant Franchises.

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

Forming a Company in Brooten, Minnesota

A critical step is ensuring 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 corporation, LLC, sole proprietorship, partnership or other structure.

Incorporating 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. If you are starting a business in Minnesota, you don't necessarily have to incorporate in Minnesota. 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. To learn the fundamentals of company formation, browse articles on our site, such as Piercing the Corporate Veil. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Brooten, Minnesota, our information on Incorporating in Minnesota may be a useful resource if you decide to incorporate in Minnesota.

Where to Get Money to Start a Company

Getting your Brooten business the capital it needs to succeed is a difficult chore. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.

To learn about raising money, we recommend you read the fundraising articles on our site, such as Choosing VC Firms.

For Brooten entrepreneurs who need startup capital, check out our List of Minnesota Angel Investors and our List of Minnesota Venture Capital Firms.

Marketing Your New Startup

To grow your Brooten business, you need a solid marketing plan.

We have some helpful resources on this site for entrepreneurs who are working on marketing plans. Responsible Marketing 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.

The Art of Selling

Being able to sell is a key enabler to your business success. Whether you are focused on selling local customers in Brooten or are selling to customers throughout Minnesota, the United States or even the world, you have to be able to sell.

Good selling involves demonstrating that your wares meet your customer's needs. Let us help you refine your selling techniques through our many useful sales advice tips.

How to Build and Motivate a Sales Team 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

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

From this point on, you control your own destiny.

Our goal here is to promote the vitality and growth of small businesses in Brooten and throughout the United States . 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 Brooten, Minnesota

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

 

 

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