South Dakota Business Startup Guides

Open a Business in Highmore, South Dakota

Need help starting a business in Highmore, South Dakota? We've got the information you need to open a business in Highmore.

Choosing the Right Company to Start

There are many businesses that you can start. How do you know which type of business is right for you? If you are struggling with what type of business to start, read Free Business Ideas.

For in-depth how-to guides on how to start specific businesses, browse our Good Businesses to Start section of our site. For example, you might be interested in our How to Start a Vineyard guide or our Starting a Volleyball Clubs & Organizations Business guide.

Don't forget that you are starting a business in Highmore. Some businesses will do better in Highmore than others. Study Highmore demographics and do a competitive analysis as part of your startup planning process.

Highmore, South Dakota Demographic Information

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

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

Business Size
# of
Businesses
1-4 Employees
93
5-9 Employees
9
10-19 Employees
9
20-49 Employees
9
50-99 Employees
6
100-249 Employees
0
250-499 Employees
0
500-999 Employees
0
1000+ Employees
0
All Highmore Businesses
126

As a new Highmore entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Highmore 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
Automotive Parts and Accessories Stores
1
Bowling Centers
1
Child Day Care Services
1
Civic and Social Organizations
1
Electric Power Distribution
1
Full-Service Restaurants
1
General Freight Trucking, Local
1
Insurance Agencies and Brokerages
1
Landscaping Services
1
Limited-Service Restaurants
1
New Car Dealers
1
New Housing Operative Builders
1
Nursing Care Facilities
2
Offices of Lawyers
1
Petroleum Bulk Stations and Terminals
1
Pharmacies and Drug Stores
1
Photography Studios, Portrait
1
Telephone Answering Services
1
Veterinary Services
2

Have You Considered Buying an Existing Highmore Business?

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

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

Naming the Company

A good company name can give a big boost to a new startup. It might seem like an easy thing to do, but there are many things to consider when naming a business.

Companies like Starbucks, Apple, Target, Microsoft and Intuit all have strong company names that are easy to remember and have become well-loved brands. Wouldn't it be nice if your new company name got on a similar track?

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 starting a business in Highmore, it's very important that you make sure no other South Dakota company is using the business name you want to use.

Raising Funding for Your Business

Getting your Highmore 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.

To learn about raising money, we recommend you read the fundraising articles on our site, such as Realistic Debt Financing Options.

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

Increase Your Entrepreneurial Knowledge

Successful entrepreneurs recognize that they need to continually improve.

With your business being located in Highmore, 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 beneficial to see if there are any Highmore networking organizations.

Next Steps

You have a dream -- starting a business in Highmore. 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.

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

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

Starting-a-Business Guides for Other Cities in South Dakota

Starting a Business in Groton
Starting a Business in Hill City

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