January 22, 2021  
  Entrepreneurial Resources - Advice for Minnesota Entrepreneurs  
  Montevideo, Minnesota Resources for Entrepreneurs  
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Opening a Business in Montevideo, Minnesota

Contemplating starting a business in Montevideo, Minnesota? We walk you through the process of opening a business in Montevideo.

Is Becoming an Entrepreneur Right for You?

Before you get too far along in the process, consider your entrepreneurial instincts and capabilities.

Here are three things we recommend you do before you fully commit to starting a new business of your own.

  • Talk to other entrepreneurs in Montevideo. 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.

What Business Are You Starting?

Choosing a business that is right for you is very important. If you are struggling with what type of business to start, read Good 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 Books & Magazines Wholesale & Distribution Business guide or our How to Start a Process & Industrial Pipe Dealers Business guide.

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

Montevideo, Minnesota Demographic Information

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

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

Business Size# of
1-4 Employees 465
5-9 Employees 168
10-19 Employees 111
20-49 Employees 99
50-99 Employees 24
100-249 Employees 27
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Montevideo Businesses 894

As a new Montevideo entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Montevideo 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
Automotive Parts and Accessories Stores 3
Beauty Salons 1
Beer, Wine, and Liquor Stores 1
Bowling Centers 1
Business Associations 2
Cafeterias 1
Canvas and Related Product Mills 1
Car Washes 2
Child Day Care Services 2
Civic and Social Organizations 3
Commodity Contracts Brokerage 1
Credit Unions 2
Discount Department Stores 1
Drinking Places (Alcoholic Beverages) 3
Drywall and Insulation Contractors 1
Educational Support Services 1
Electric Power Distribution 3
Electrical Contractors 5
Engineering Services 3
Farm Supplies Merchant Wholesalers 1
Finish Carpentry Contractors 1
Floor Covering Stores 1
Florists 1
Full-Service Restaurants 5
Funeral Homes and Funeral Services 2
Furniture Stores 1
General Automotive Repair 8
General Freight Trucking, Local 3
General Medical and Surgical Hospitals 1
Golf Courses and Country Clubs 2
Hardware Stores 2
Homes for the Elderly 2
Household Appliance Stores 1
Industrial Launderers 1
Insurance Agencies and Brokerages 10
Internet Service Providers 1
Janitorial Services 2
Jewelry Stores 2
Kidney Dialysis Centers 1
Landscaping Services 2
Lessors of Other Real Estate Property 1
Limited-Service Restaurants 10
Machine Shops 4
Masonry Contractors 2
Museums 1
New Car Dealers 3
Newspaper Publishers 1
Nursing Care Facilities 1
Offices of Certified Public Accountants 2
Offices of Chiropractors 5
Offices of Dentists 2
Offices of Lawyers 2
Offices of Optometrists 1
Offices of Real Estate Appraisers 1
Optical Goods Stores 1
Paint and Wallpaper Stores 1
Painting and Wall Covering Contractors 1
Petroleum Bulk Stations and Terminals 1
Pharmacies and Drug Stores 1
Photography Studios, Portrait 1
Portfolio Management 1
Quick Printing 1
Radio Stations 1
Remediation Services 3
Residential Property Managers 1
Residential Remodelers 2
School and Employee Bus Transportation 1
Securities Brokerage 2
Shoe Stores 1
Sign Manufacturing 1
Site Preparation Contractors 1
Snack and Nonalcoholic Beverage Bars 1
Solid Waste Collection 2
Support Activities for Forestry 1
Tax Preparation Services 1
Testing Laboratories 1
Tire Dealers 1
Title Abstract and Settlement Offices 2
Travel Agencies 1
Used Car Dealers 2
Used Merchandise Stores 1
Vending Machine Operators 1
Veterinary Services 1
Video Tape and Disc Rental 2
Vocational Rehabilitation Services 2

Getting the Word Out About Your New Company

To rise above the crowd in Montevideo and build your business, having an excellent marketing plan is fundamental to your business achieving its goals.

You can learn a ton about marketing on our site. Working with an Advertising Agency 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.

How to Sell

Being able to sell is fundamental to your business success. Whether you are focused on selling local customers in Montevideo or are selling to customers throughout Minnesota, 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. The good news is we can help you to make selling a big competitve advantage for your new firm.

Anticipating Prospect Responses 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.

Learning More About Entrepreneurship

The best entrepreneurs know that they need to continually improve.

With your business being located in Montevideo, Minnesota, you should investigate some of the many programs available at nearby Minnesota universities, colleges and community colleges. You should also check if there are any networking organizations for Montevideo entrepreneurs.

Moving Forward

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

This site is all about helping entrepreneurs in Montevideo and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Montevideo 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 Montevideo, Minnesota

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



Additional Resources for Entrepreneurs

Buying a Business

Writing a Business Plan

Raising Money


Small Business Marketing

Advertising Advice

Public Relations -

Customer Service Tips

Entrepreneurial Selling

Workplace Safety