South Dakota Business Startup Guides

Opening a Business in Canton, South Dakota

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

Are You Ready for Life as an Owner?

An entrepreneurial life is demanding, much more challenging than working as an employee. Are you certain you have the stamina and skills to succeed on your own?

Because entrepreneurship is not for everyone, we recommend you do the following to help you assess whether you should move forward with starting a business:

  • Reach out to other entrepreneurs in Canton. 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?

Choosing a business that is right for you is very important. To help you decide on a business type, we encourage you to read Free 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 Central Vacuum Cleaning System Dealers Business guide or our How to Start a Mobile Offices & Commercial Units Business guide.

Remember that your new startup will be located in Canton. Think about what needs are currently being underserved in Canton. A critical consideration is whether Canton demographics mesh well with your startup concept.

Canton, South Dakota Demographic Information

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

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

Business Size
# of
Businesses
1-4 Employees
3600
5-9 Employees
1215
10-19 Employees
450
20-49 Employees
450
50-99 Employees
180
100-249 Employees
90
250-499 Employees
45
500-999 Employees
0
1000+ Employees
0
All Canton Businesses
6030

As a new Canton entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Canton 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
Automobile Manufacturing
1
Automotive Parts and Accessories Stores
2
Beer, Wine, and Liquor Stores
1
Business Associations
2
Car Washes
1
Child Day Care Services
1
Coin-Operated Laundries and Drycleaners
1
Confectionery Merchant Wholesalers
1
Construction Machinery Manufacturing
1
Convenience Stores
1
Direct Title Insurance Carriers
1
Drinking Places (Alcoholic Beverages)
1
Electrical Contractors
3
Farm Supplies Merchant Wholesalers
2
Framing Contractors
2
Full-Service Restaurants
5
Funeral Homes and Funeral Services
1
General Automotive Repair
4
General Medical and Surgical Hospitals
1
Golf Courses and Country Clubs
1
Hardware Stores
2
Insurance Agencies and Brokerages
6
Landscaping Services
3
Limited-Service Restaurants
4
Motor Vehicle Towing
1
New Car Dealers
1
New Housing Operative Builders
2
Nursing Care Facilities
1
Offices of Dentists
1
Offices of Lawyers
2
Offices of Optometrists
1
Passenger Car Rental
1
Pharmacies and Drug Stores
3
Photography Studios, Portrait
2
Refrigerated Warehousing and Storage
1
Roofing Contractors
1
Savings Institutions
1
School and Employee Bus Transportation
1
Securities Brokerage
1
Solid Waste Collection
1
Title Abstract and Settlement Offices
1
Used Car Dealers
2
Veterinary Services
2
Wholesale Trade Agents and Brokers
1
Wired Telecommunications Carriers
1

Is Buying an Existing Canton Business a Good Strategy?

If you have some capital to play with, you may want to Buy a Business in South Dakota. Follow that link and you might discover several good businesses for sale in Canton.

Before buying a business, be sure to read this article: Buying a Business.

Where to Get Money to Start a Company

Finding the funds to fuel the growth of your Canton business requires strong organization skills and perseverance. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.

Recognizing this challenge, this site contains dozens of articles on raising money, including one we recommend entitled 504 Loans.

For Canton entrepreneurs who need startup capital, check out our List of South Dakota Angel Investors and our List of South Dakota Venture Capital Firms.

Promoting Your New Company

To rise above the crowd in Canton and build your business, you need a great marketing plan.

We have some useful resources on this site for entrepreneurs who are working on marketing plans. Advertising on the Web is an article that will generate a few thoughts on your marketing plan. That's just a sampling of the many useful articles we have on Marketing a Small Business.

Improving Your Entrepreneurial Skillset

The best business owners know that they need to continually improve.

With your business being located in Canton, South Dakota, you will want to take advantage of the many programs available at nearby South Dakota universities, colleges and community colleges. We also suggest you look into networking groups or organizations in which Canton entrepreneurs get together to network and trade their business experiences.

Never Give Up

As an entrepreneur in Canton, you won't be working for the boss anymore. You are the boss.

From this point on, you control your own destiny.

Our goal here is to promote the vitality and growth of small businesses in Canton and throughout the United States . We believe entrepreneurship is an amazing engine for job creation in Canton, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Canton, South Dakota

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

More Startup Articles for South Dakota Cities

Starting a Business in Canistota
Starting a Business in Castlewood

Browse All Business Startup Guides for South Dakota
Starting a Business Guides for Other States

 

 

Share this article


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary