August 2, 2020  
 
  Entrepreneurial Resources - Advice for Montana Entrepreneurs  
  Butte, Montana Resources for Entrepreneurs  
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Starting a Business in Butte, Montana

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

Are You Ready for the Challenges of Being an Entrepreneur?

Before you get too far along in the process, assess your entrepreneurial instincts and capabilities.

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

  • Reach out to other entrepreneurs in Butte. Listen closely to their experiences and see if you think you too can be successful.
  • Peruse Should You Become an Entrepreneur?. This is one of our more popular articles for folks who want to go into business for themselves.
  • Have a candid conversation with friends and family. 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.

Which Business to Choose?

An important decision is what kind of business you want to start. If you are struggling with what type of business to start, read Good Business Ideas.

For step-by-step instructions on starting a variety of business types, visit the Good Businesses to Start section of our site. For example, you might be interested in our Starting a Dance Club guide or our Starting a Tatoo Parlor guide.

Always keep in mind that Butte is the place where you are starting a business. Think about what needs are currently being underserved in Butte. Only by spending some time analyzing Butte demographics can you decide if there will be strong demand for your business idea.

Butte, Montana Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 5184
5-9 Employees 2385
10-19 Employees 1143
20-49 Employees 873
50-99 Employees 198
100-249 Employees 54
250-499 Employees 63
500-999 Employees 9
1000+ Employees 0
All Butte Businesses 9909

As a new Butte entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Butte 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
Ambulance Services 1
Animal (except Poultry) Slaughtering 2
Appliance Repair and Maintenance 1
Architectural Services 4
Armored Car Services 1
Automotive Exhaust System Repair 1
Automotive Glass Replacement Shops 2
Automotive Parts and Accessories Stores 7
Automotive Transmission Repair 1
Baked Goods Stores 1
Barber Shops 1
Beauty Salons 4
Bed-and-Breakfast Inns 1
Beer and Ale Merchant Wholesalers 3
Beer, Wine, and Liquor Stores 2
Blood and Organ Banks 1
Book Publishers 1
Book Stores 3
Bowling Centers 2
Business Associations 3
Cable and Other Program Distribution 1
Car Washes 1
Carpet and Upholstery Cleaning Services 3
Casinos (except Casino Hotels) 3
Cemeteries and Crematories 4
Charter Bus Industry 1
Child and Youth Services 2
Child Day Care Services 22
Children's and Infants' Clothing Stores 1
Civic and Social Organizations 4
Claims Adjusting 2
Clothing Accessories Stores 1
Coin-Operated Laundries and Drycleaners 1
Collection Agencies 1
Commercial Lithographic Printing 1
Computer Facilities Management Services 1
Computer Systems Design Services 4
Confectionery and Nut Stores 1
Construction Machinery Manufacturing 1
Consumer Lending 3
Continuing Care Retirement Communities 3
Copper Ore and Nickel Ore Mining 1
Cosmetology and Barber Schools 1
Couriers 5
Court Reporting and Stenotype Services 3
Credit Bureaus 1
Credit Unions 7
Custom Computer Programming Services 3
Dental Laboratories 3
Diagnostic Imaging Centers 3
Discount Department Stores 1
Drinking Places (Alcoholic Beverages) 32
Drive-In Motion Picture Theaters 1
Drywall and Insulation Contractors 1
Electric Power Distribution 3
Electrical Contractors 7
Electronic Shopping 1
Elementary and Secondary Schools 3
Emergency and Other Relief Services 1
Employment Placement Agencies 1
Engineering Services 17
Environmental Consulting Services 3
Exam Preparation and Tutoring 3
Family Clothing Stores 4
Family Planning Centers 1
Fertilizer (Mixing Only) Manufacturing 1
Fine Arts Schools 1
Finish Carpentry Contractors 3
Fitness and Recreational Sports Centers 3
Floor Covering Stores 5
Flooring Contractors 1
Florists 6
Food Service Contractors 1
Freight Transportation Arrangement 1
Full-Service Restaurants 39
Funeral Homes and Funeral Services 2
Furniture Merchant Wholesalers 1
Furniture Stores 4
General Automotive Repair 11
General Freight Trucking, Local 2
General Medical and Surgical Hospitals 1
General Rental Centers 2
General Warehousing and Storage 2
Gift, Novelty, and Souvenir Stores 8
Glass and Glazing Contractors 2
Golf Courses and Country Clubs 3
Grantmaking Foundations 3
Graphic Design Services 1
Hardware Stores 2
Hazardous Waste Collection 1
Hobby, Toy, and Game Stores 1
Home Centers 1
Home Health Care Services 6
Home Health Equipment Rental 3
Homes for the Elderly 2
Household Appliance Stores 1
Human Rights Organizations 1
Hunting and Trapping 1
Hydroelectric Power Generation 2
Industrial Launderers 1
Insurance Agencies and Brokerages 16
Internet Service Providers 1
Investigation Services 1
Janitorial Services 7
Jewelry Stores 4
Landscape Architectural Services 1
Landscaping Services 7
Lessors of Other Real Estate Property 1
Limited-Service Restaurants 31
Local Messengers and Local Delivery 3
Locksmiths 1
Machine Shops 1
Manufactured (Mobile) Home Dealers 1
Masonry Contractors 2
Materials Recovery Facilities 1
Meat Markets 2
Meat Processed from Carcasses 1
Men's Clothing Stores 3
Metal Tank (Heavy Gauge) Manufacturing 1
Mobile Food Services 1
Motion Picture and Video Production 2
Motor Vehicle Towing 1
Motorcycle Dealers 3
Museums 2
Musical Groups and Artists 1
Natural Gas Distribution 2
New Car Dealers 7
New Housing Operative Builders 2
Newspaper Publishers 1
Nursing Care Facilities 4
Office Equipment Merchant Wholesalers 2
Office Supplies and Stationery Stores 4
Offices of Certified Public Accountants 8
Offices of Chiropractors 5
Offices of Dentists 18
Offices of Lawyers 25
Offices of Optometrists 5
Offices of Podiatrists 1
Offices of Real Estate Appraisers 2
One-Hour Photofinishing 1
Optical Goods Stores 2
Paint and Wallpaper Stores 2
Painting and Wall Covering Contractors 3
Parking Lots and Garages 1
Passenger Car Rental 3
Periodical Publishers 1
Perishable Prepared Food Manufacturing 1
Pet and Pet Supplies Stores 1
Petroleum Bulk Stations and Terminals 1
Pharmacies and Drug Stores 2
Photography Studios, Portrait 1
Political Organizations 1
Private Mail Centers 1
Professional Employer Organizations 1
Public Relations Agencies 1
Quick Printing 2
Radio Stations 1
Ready-Mix Concrete Manufacturing 1
Recreational Vehicle Dealers 2
Remediation Services 2
Residential Property Managers 1
Residential Remodelers 8
Retail Bakeries 1
Reupholstery and Furniture Repair 3
Roofing Contractors 5
Savings Institutions 1
Sawmills 2
Scheduled Passenger Air Transportation 2
Securities Brokerage 8
Security Guards and Patrol Services 1
Sewage Treatment Facilities 1
Shoe Stores 7
Siding Contractors 2
Sign Manufacturing 1
Site Preparation Contractors 7
Snack and Nonalcoholic Beverage Bars 4
Soft Drink Manufacturing 1
Solid Waste Collection 3
Solid Waste Landfill 1
Sporting Goods Stores 8
Tax Preparation Services 1
Taxi Service 1
Telecommunications Resellers 1
Telephone Answering Services 1
Television Broadcasting 4
Temporary Help Services 6
Temporary Shelters 4
Testing Laboratories 1
Theater Companies and Dinner Theaters 2
Tire and Tube Merchant Wholesalers 1
Tire Dealers 8
Tire Retreading 1
Tobacco Stores 1
Travel Agencies 3
Truss Manufacturing 1
Used Car Dealers 2
Used Household and Office Goods Moving 1
Used Merchandise Stores 7
Vending Machine Operators 1
Veterinary Services 4
Video Tape and Disc Rental 2
Vocational Rehabilitation Services 4
Warehouse Clubs and Supercenters 1
Wholesale Trade Agents and Brokers 2
Wired Telecommunications Carriers 3
Women's Clothing Stores 4

Is a Franchise Opportunity Right For You?

Browse the Yellow Pages for Butte and you'll conclude that many business owners have opted to buy a franchise, rather than starting a business on their own. So, it probably makes sense for you to consider franchising too.

Our advice is to look into purchasing a franchise. We have many articles on franchises, such as Franchising My Business. 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 Subway Franchises and Starbucks Franchises. Alternatively, you can browse franchise categories, such as Accounting Franchises and Moving Franchises.

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

Have You Considered Buying an Existing Butte Business?

We've created a useful website page for those who want to Buy a Business in Montana. Follow that link and you may find several good businesses for sale in Butte.

For anybody who wants to buy a business, we recommend reading this useful article: Buying a Business.

Selecting a Name For Your Venture

A big decision when starting a company is choosing a company name. Believe it or not, choosing a good company name can be a big contributor to your business success.

We strongly advocate that you make sure the ".com" domain name is available for your company name. Every business needs a strong Web presence these days, and having a non ".com" domain means somebody else may outrank you in the search results for your own company name.

For other considerations regarding naming a company, we recommend this article: Naming a Business.

On a final note, given that you are starting a business in Butte, it's very important that you make sure no other Montana company is using the business name you want to use.

Company Formation in Butte, Montana

It's very important that you form your business as a legal structure. 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.

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. Just because you are starting a business in Montana, you don't necessarily have to incorporate in Montana. In fact, you can incorporate in the state of your choosing. 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 Nevada Incorporation. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Butte, Montana, our information on Incorporating in Montana may be a useful resource if you decide to incorporate in Montana.

Make Sure You Have a Business Plan

Writing a business plan is vital to the health of your new business. In effect, a business plan describes what you plan to do with the business and how you plan to do it. Failure to write a business plan will greatly reduce your chances of business success.

Before you start writing a business plan, we suggest you skim Business Plan Contests. You can also get free counseling sessions provided by your local SCORE chapter in Montana.

Where to Get Money to Start a Company

Getting your Butte business the capital it needs to succeed is very difficult due to the ongoing business credit crunch. If you don't have a rich uncle to fund you, you'll need to be creative in how you approach your fundraising efforts.

Take advantage of our many articles on finding startup capital, such as 504 Loans.

For Butte entrepreneurs who want to raise money for a new venture, check out our List of Montana Angel Investors and our List of Montana Venture Capital Firms.

Marketing Your New Venture

Whether your goal is to attract Butte customers or you plan on selling elsewhere, you'll need to have a good marketing plan.

There are myriad resources on this site to help you with your marketing plan. Advertising on the Web is a good read to get your marketing ideas 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 critical to your business success. Whether you are focused on selling local customers in Butte or are selling to customers throughout Montana, the United States or even the world, you have to be able to sell.

Clever sales techniques can transform any business from good to great. Let us help you refine your selling techniques through our many useful sales advice tips.

Closing Sales Techniques 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.

Learning More About Entrepreneurship

Good business owners know that they don't know everything.

Given that you are starting a business in Butte, Montana, you will want to take advantage of the learning programs at local Montana educational institutions. It's also wise to see if there are any networking groups or organizations in which Butte entrepreneurs get together to network and trade their business experiences.

Never Give Up

You have a dream -- starting a business in Butte. 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 Butte businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Butte, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Butte, Montana

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

 

 

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