June 3, 2020  
 
  Entrepreneurial Resources - Advice for Wisconsin Entrepreneurs  
  Mineral Point, Wisconsin Resources for Entrepreneurs  
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Start a Business in Mineral Point, Wisconsin

Are you starting a business in Mineral Point, Wisconsin? This article discusses the most important things to consider when opening a business in Mineral Point.

Which Business to Choose?

An important decision is what kind of business you want to start. We recommend that you read Evaluating Your Idea.

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 Laser Hair Removal Business guide or our How to Start a Searchlights & Floodlights Retail Business guide.

Always keep in mind that you are starting a business in Mineral Point. Think about what needs are currently being underserved in Mineral Point. Study Mineral Point demographics and do a competitive analysis as part of your startup planning process.

Mineral Point, Wisconsin Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 468
5-9 Employees 126
10-19 Employees 84
20-49 Employees 54
50-99 Employees 18
100-249 Employees 12
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Mineral Point Businesses 762

As a new Mineral Point entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Mineral Point 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
Advertising Agencies 1
Ambulance Services 1
Art Dealers 1
Automotive Parts and Accessories Stores 1
Beauty Salons 2
Beer, Wine, and Liquor Stores 2
Bowling Centers 1
Business Associations 1
Car Washes 3
Coin-Operated Laundries and Drycleaners 1
Custom Computer Programming Services 1
Drinking Places (Alcoholic Beverages) 6
Electric Power Distribution 2
Farm Supplies Merchant Wholesalers 1
Fine Arts Schools 1
Finish Carpentry Contractors 1
Framing Contractors 1
Full-Service Restaurants 5
Funeral Homes and Funeral Services 1
General Automotive Repair 1
Golf Courses and Country Clubs 2
Home Centers 1
Home Health Care Services 2
Homes for the Elderly 1
Household Appliance Stores 1
Insurance Agencies and Brokerages 5
Janitorial Services 1
Land Subdivision 1
Limited-Service Restaurants 1
Livestock Merchant Wholesalers 1
Masonry Contractors 1
Metal Household Furniture Manufacturing 1
Museums 1
New Car Dealers 1
Newspaper Publishers 1
Nursing Care Facilities 1
Office Administrative Services 1
Offices of Certified Public Accountants 1
Offices of Chiropractors 1
Offices of Dentists 1
Offices of Lawyers 4
Optical Goods Stores 1
Pharmacies and Drug Stores 1
Reupholstery and Furniture Repair 2
School and Employee Bus Transportation 1
Title Abstract and Settlement Offices 1
Used Car Dealers 1
Veterinary Services 4
Wholesale Trade Agents and Brokers 2
Wired Telecommunications Carriers 1

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.

Before you decide on a company name, run it by some prospective customers and see what they think. If they don't like it, it's probably a good idea to go back to the drawing board.

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

There's one other important factor when naming a business. Since you are starting a business in Mineral Point, it's very important that you make sure no other Wisconsin company is using the business name you want to use.

Don't Forget to Create a Business Plan

A business plan is vital in laying a solid foundation for your business success. Simply put, a business plan is a written description of the future you envision for your business. Not having a business plan is a recipe for disaster.

If you want more information on writing business plans, we recommend reading Business Presentations. You can also get free business counselors available to you through your local SCORE chapter in Wisconsin.

The Art of Selling

Being able to sell is essential to your business success. Whether you are focused on selling local customers in Mineral Point or are selling to customers throughout Wisconsin, the United States or even the world, you have to be able to sell.

Clever sales techniques can transform any business from good to great. Let us help you refine your selling techniques through our many useful sales advice tips.

Sales Training is worth reading, as it may give you some good ideas on how to sell your products or services. We have many more good articles on selling that you may enjoy reading.

Increase Your Entrepreneurial Knowledge

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

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

Moving Forward

You have a dream -- starting a business in Mineral Point. 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.

This site is all about helping entrepreneurs in Mineral Point and elsewhere to achieve real success. We have a wealth of experience in business start-ups, financing, marketing, sales and more...and we've made all of our knowledge available to you.

More Entrepreneurial Resources for Starting a Business in Mineral Point, Wisconsin

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

 

 

Additional Resources for Entrepreneurs

Buying a Business

Writing a Business Plan

Raising Money

Incorporate

Small Business Marketing

Advertising Advice

Public Relations -

Customer Service Tips

Entrepreneurial Selling

Workplace Safety