August 6, 2020  
 
  Entrepreneurial Resources - Advice for North Dakota Entrepreneurs  
  Gackle, North Dakota Resources for Entrepreneurs  
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Starting a Business in Gackle, North Dakota

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

Are You Sure You Want to Do This?

Before announcing to the world that you are going to start your own business, take inventory of your entrepreneurial instincts and capabilities.

Before you move forward with starting a business, be sure to do these three things:

  • Talk to other entrepreneurs in Gackle. Ask them candidly what it's like to run a business.
  • 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. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.

Gackle, North Dakota Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 36
5-9 Employees 12
10-19 Employees 0
20-49 Employees 0
50-99 Employees 0
100-249 Employees 0
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Gackle Businesses 48

As a new Gackle entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Gackle 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
Art Dealers 1
Full-Service Restaurants 2
Insurance Agencies and Brokerages 1
Limited-Service Restaurants 1
Offices of Dentists 1

Have You Considered Buying an Existing Gackle Business?

An excellent way to get started in business is to Buy a Business in North Dakota. Follow that link and you can assess several good businesses for sale in Gackle.

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

Naming the Company

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.

Company names should be fun to say, and they should help people to understand what you do and how you differentiate yourself in the market.

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

There's one other important factor when naming a business. Since you are opening a business in Gackle, it's very important that you make sure no other North Dakota company is using the business name you want to use.

Do You Need a Business Plan?

A business plan is essential to the health of your new business. Simply put, a business plan is a written description of the future you envision for your business. Starting a business without a business plan is a recipe for disaster.

To learn more about business plans, read Business Plan Contests. You can also get free business counselors available to you through your local SCORE chapter in North Dakota.

Startup Financing Basics

Getting your Gackle business the capital it needs to succeed is very difficult due to the ongoing business credit crunch. To obtain business financing, you will need to hear a lot of rejections before you finally find a funding solution that works for you.

On the bright side, this site contains dozens of articles on raising money, including one we recommend entitled Choosing VC Firms.

For Gackle entrepreneurs with great ambition but a shortage of investment capital, you'll want to take a look at our List of North Dakota Angel Investors and our List of North Dakota Venture Capital Firms.

Increase Your Entrepreneurial Knowledge

The best business owners recognize that they don't know everything.

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

Next Steps

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

If you choose the right business and love what you do, you will greatly increase your odds of success.

This site is all about helping entrepreneurs in Gackle and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Gackle 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 Gackle, North Dakota

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

 

 

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