Minnesota Business Startup Guides
Opening a Business in Maple Grove, Minnesota
Contemplating starting a business in Maple Grove, Minnesota? We walk you through the process of opening a business in Maple Grove.
Is Becoming a Business Owner Right for You?
Before quitting your day job, take inventory of your entrepreneurial instincts and capabilities.
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Talk to other entrepreneurs in Maple Grove. Get their take on what it's really like to be an entrepreneur.
- We recommend reading Why Small Businesses Fail. For aspiring new entrepreneurs, it's a must read article.
- Get feedback from somebody whom you trust. That's the best way to get a truly objective assessment as to whether others think you have what it takes.
Forming a Company in Maple Grove, Minnesota
It's essential 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.
The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporating is a very common way to legally create a business entity. A key decision is whether to form and S-Corp or a C-Corp, and you also must decide in which state you will incorporate. If you are starting a business in Minnesota, you don't necessarily have to incorporate in Minnesota. As it turns out, you are allowed to incorporate in the state of your choosing. However, if you do incorporate in another state, you'll have to register as a foreign corporation in your home state.
There are many nuances to forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Pre-Incorporation Agreements. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Maple Grove, Minnesota, our information on Incorporating in Minnesota may be a useful resource if you decide to incorporate in Minnesota.
The Role of the Business Plan
Creating a business plan is essential in maximizing the prospects of your new company. Indeed, your business plan is your game plan for how you hope to grow your business. Not having a business plan
Promoting Your New Business
To rise above the crowd in Maple Grove and grow your business, you need a solid marketing plan.
There are myriad resources on this site to help you with your marketing plan. Branding Advice is a good read to get your marketing ideas flowing. That's just one of the many useful articles we have on Marketing a Small Business.
Bring in Revenues
Being able to sell is fundamental to your business success. Whether you are focused on selling local customers in Maple Grove or are selling to customers throughout Minnesota, the United States or even the world, you have to be able to sell.
So what does it take to bring in more prospects and close more business? Fortunately, we've got plenty of good advice to help you improve your selling skills.
You have a dream -- starting a business in Maple Grove. 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 Maple Grove and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Maple Grove, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Maple Grove, Minnesota
Here are more links that we believe will help you be successful in starting a business in Maple Grove.
- Resources for Maple Grove, Minnesota Entrepreneurs - Browse a variety of resources we've collected to assist Maple Grove entrepreneurs.
- Minnesota Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Minnesota.
- Minnesota Small Business Development Center - The Minnesota Small Business Development Centers provide no-cost, professional business consulting to Minnesota small businesses covering a variety of business needs.
Starting-a-Business Guides for Other Cities in Minnesota
Share this article
Additional Resources for Entrepreneurs