Montana Business Startup Guides
Starting a Business in Glendive, Montana
Thinking about starting a business in Glendive, Montana? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Glendive.
Glendive, Montana Demographic Information
Glendive has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Glendive demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Glendive.
Businesses
As a new Glendive entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Glendive 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.
Businesses
Have You Considered Buying an Existing Glendive Business?
If you have some capital to play with, you may want to Buy a Business in Montana. Follow that link and you may find several good businesses for sale in Glendive.
Before buying a business, be sure to read this article: How to Buy a Business.
Choosing a Business Name
Making the right decision when choosing a company name is very important. There are many decisions you'll make now that you can change later, but changing a company name years down the road is not very easy. So, choose a good company name at the outset.
Company names need to be easy to spell, easy to pronounce, and easy to remember.
Numerous company naming issues are discussed in more detail in this article: Naming a Business.
On a final note, given that you are opening a business in Glendive, it's very important that you make sure no Montana company has already registered the company name you have selected.
Company Formation in Glendive, Montana
A critical step is ensuring that your business is formed as a legal entity that is separate from its owners. Doing so will protect you from personal liability for business debts and obligations.
When forming a company, you will pick from many company types, such as a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporation 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 any state you would like to. 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. To learn the fundamentals of company formation, browse articles on our site, such as LLC Advantages. You may also want to seek the advice of an lawyer. On a final note, since you will be starting a business in Glendive, Montana, our web page covering Incorporating in Montana may be a useful resource if you decide to incorporate in Montana.
Getting Money to Start a Business
Obtaining startup financing for your Glendive business will be harder than you might expect. 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 raising money, such as Realistic Debt Financing Options.
For Glendive entrepreneurs who want to raise money for a new venture, you'll want to take a look at our List of Montana Angel Investors and our List of Montana Venture Capital Firms.
Marketing Your New Venture
Whether your goal is to attract Glendive 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. Making the Most of Trade Shows is a good read to get your marketing juices flowing. That's just one of the many useful articles we have on Marketing a Small Business.
Increase Your Entrepreneurial Knowledge
The best business owners know that they need to continually improve.
Given that you are starting a business in Glendive, Montana, you should get information on some of the many programs available at nearby Montana universities, colleges and community colleges. Another way to keep up on your learning is to investigate Glendive networking organizations.
Never Give Up
You have a dream -- starting a business in Glendive. To achieve your dream, you have to persevere, even when the odds are against you.
From this point on, you control your own destiny.
This site is all about helping entrepreneurs in Glendive and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Glendive 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 Glendive, Montana
Here are more links that we believe will help you be successful in starting a business in Glendive.
- Resources for Glendive, Montana Entrepreneurs - Browse a variety of resources we've collected to assist Glendive entrepreneurs.
- Montana Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Montana.
- Montana Small Business Development Center - The Montana Small Business Development Centers focus on the creation, retention and expansion of Montana small businesses.
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