South Dakota Business Startup Guides

Start a Business in Freeman, South Dakota

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

Are You Ready for Entrepreneurship?

Most new companies fail, in part because the business owner did not have the tenacity and/or the skills to succeed. So, before you open a business, consider all of the implications of being an entrepreneur.

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:

  • Talk to other entrepreneurs in Freeman. Listen closely to their experiences and see if you think you too can be successful.
  • We recommend reading Should You Become an Entrepreneur?. For aspiring new entrepreneurs, it's a must read article.
  • 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.

Choosing the Right Company to Start

An important decision is what kind of business you want to start. We recommend that you 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 How to Start a Kosher Catering Business guide or our How to Start a Metal Machine Parts Manufacturers Business guide.

Always keep in mind that starting a business in Freeman has some implications. Some businesses will do better in Freeman than others. Make sure you fully understand Freeman demographics before you lock in on your business idea.

Freeman, South Dakota Demographic Information

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

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

Business Size
# of
1-4 Employees
5-9 Employees
10-19 Employees
20-49 Employees
50-99 Employees
100-249 Employees
250-499 Employees
500-999 Employees
1000+ Employees
All Freeman Businesses

As a new Freeman entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Freeman 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
Book Stores
Books Printing
Child Day Care Services
Crop Harvesting, Primarily by Machine
Drinking Places (Alcoholic Beverages)
Electrical Contractors
Environmental Consulting Services
Fluid Milk Manufacturing
Framing Contractors
Full-Service Restaurants
Funeral Homes and Funeral Services
General Automotive Repair
General Freight Trucking, Local
General Medical and Surgical Hospitals
Heating Oil Dealers
Homes for the Elderly
Insurance Agencies and Brokerages
Junior Colleges
Landscaping Services
New Car Dealers
Newspaper Publishers
Offices of Dentists
Offices of Lawyers
Offices of Optometrists
Petroleum Bulk Stations and Terminals
Pharmacies and Drug Stores
Professional Organizations
Quick Printing
Site Preparation Contractors
Tire Dealers
Used Merchandise Stores

Naming the Business

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.

Before you decide on a company name, run it by some prospective customers and see what they think. If they don't like it, it's probably a good idea to go back to the drawing board.

To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Business.

On a final note, given that you are opening a business in Freeman, it's imperative that you check now that no other South Dakota company is using the business name you want to use.

Where to Get Money to Start a Company

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

Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled Borrowing Money from Friends and Family.

For Freeman entrepreneurs on the hunt for startup funding, we have assembled a List of South Dakota Angel Investors and our List of South Dakota Venture Capital Firms.

Marketing Your New Business

To rise above the crowd in Freeman and advance your business, you'll need to have a good marketing plan.

There are myriad resources on this site to help you with your marketing plan. Comparing Advertising to PR discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just one of the many useful articles we have on Marketing a Small Business.

Never Give Up

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

From this point on, you control your own destiny.

We are here to help Freeman businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Freeman 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 Freeman, South Dakota

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

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