South Dakota Business Startup Guides

Open a Business in Martin, South Dakota

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

Choosing the Right Company to Start

An important decision is what kind of business you want to start. To help you decide on a business type, we encourage you to read Business Ideas That Don't Make Sense.

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 Starting a Crane & Derrick Dealers Business guide or our Opening a Graduate & Professional School guide.

Remember that you are starting a business in Martin. The business you want to start may already be well-represented in Martin. A critical consideration is whether Martin demographics mesh well with your startup concept.

Martin, South Dakota Demographic Information

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

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

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

As a new Martin entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Martin 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
Beer, Wine, and Liquor Stores
Bowling Centers
Child Day Care Services
Civic and Social Organizations
Drinking Places (Alcoholic Beverages)
Electric Power Distribution
Electrical Contractors
Fitness and Recreational Sports Centers
Full-Service Restaurants
General Medical and Surgical Hospitals
Hardware Stores
Home Centers
Insurance Agencies and Brokerages
Limited-Service Restaurants
New Car Dealers
Newspaper Publishers
Nursing Care Facilities
Offices of Dentists
Offices of Lawyers
Petroleum Bulk Stations and Terminals
Pharmacies and Drug Stores
Residential Remodelers
Site Preparation Contractors
Tax Preparation Services
Title Abstract and Settlement Offices
Wholesale Trade Agents and Brokers
Wired Telecommunications Carriers

Naming the Business

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.

Numerous company naming issues are discussed in more detail in this article: Naming a Company.

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

Do You Need a Business Plan?

Writing 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. Not having a business plan will greatly reduce your chances of business success.

If writing a business plan is on your to-do list, be sure to read Business Plan Contests. You can also get face-to-face free consulting available from your local SCORE chapter in South Dakota.

Getting the Word Out About Your New Company

To grow your Martin business, you need a solid marketing plan.

There are myriad resources on this site to help you with your marketing plan. Transit Advertising is a good read to get your marketing juices flowing. That's just a taste of the many useful articles we have on Marketing a Small Business.

Improving Your Entrepreneurial Skillset

Good business owners recognize that they need to continually improve.

With your business being located in Martin, 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 networking organizations for Martin entrepreneurs.

What's Next?

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

Owning your own business will be a daunting task, but you can do it.

We are here to help Martin businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Martin, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Martin, South Dakota

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

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