South Dakota Business Startup Guides

Opening a Business in Groton, South Dakota

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

Groton, South Dakota Demographic Information

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

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

Business Size
# of
Businesses
1-4 Employees
588
5-9 Employees
152
10-19 Employees
108
20-49 Employees
36
50-99 Employees
12
100-249 Employees
0
250-499 Employees
0
500-999 Employees
0
1000+ Employees
0
All Groton Businesses
896

As a new Groton entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Groton 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
Barber Shops
1
Beer, Wine, and Liquor Stores
1
Child Day Care Services
2
Community Food Services
1
Computer and Software Stores
1
Drinking Places (Alcoholic Beverages)
2
Electric Power Distribution
2
Electrical Contractors
2
Ethyl Alcohol Manufacturing
1
Finish Carpentry Contractors
2
Golf Courses and Country Clubs
1
Homes for the Elderly
1
Insurance Agencies and Brokerages
4
Landscaping Services
2
Limited-Service Restaurants
2
Museums
1
New Car Dealers
2
Nursing Care Facilities
1
Offices of Chiropractors
1
Offices of Lawyers
1
Pharmacies and Drug Stores
1
Residential Remodelers
1
Snack and Nonalcoholic Beverage Bars
1
Solid Waste Collection
1
Wholesale Trade Agents and Brokers
1
Wired Telecommunications Carriers
2

Have You Considered Buying an Existing Groton Business?

An excellent way to get started in business is to Buy a Business in South Dakota. Follow that link and you may find several good businesses for sale in Groton.

Before buying a business, be sure to read this article: Hold Harmless Agreements When Buying Businesses.

Startup Financing Basics

Getting your Groton business the capital it needs to succeed requires strong organization skills and perseverance. 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 Business Incubators.

For Groton entrepreneurs with great ambition but a shortage of investment capital, browse our List of South Dakota Angel Investors and our List of South Dakota Venture Capital Firms.

Promoting Your New Company

Whether your goal is to attract Groton customers or you plan on selling elsewhere, you need a solid marketing plan.

There are myriad resources on this site to help you with your marketing plan. National TV Spot Advertising Rates 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.

How to Sell

Being able to sell is critical to your business success. Whether you are focused on selling local customers in Groton or are selling to customers throughout South Dakota, the United States or even the world, you have to be able to sell.

Good selling involves demonstrating that your wares meet your customer's needs. Fortunately, we've got plenty of good advice to help you improve your selling skills.

Anticipating Prospect Responses is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.

Improving Your Entrepreneurial Skillset

Successful business owners recognize that they don't know everything.

Given that you are starting a business in Groton, South Dakota, you will want to take advantage of the many programs available at nearby South Dakota universities, colleges and community colleges. It's also wise to see if there are any Groton networking organizations.

Never Give Up

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

From this point on, you control your own destiny.

Our goal here is to promote the vitality and growth of small businesses in Groton and throughout the United States . We want to be there for you to answer your business questions, whether you are a new Groton 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 Groton, South Dakota

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

More Startup Articles for South Dakota Cities

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Starting a Business in Highmore

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

 

 

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