January 24, 2021  
 
  Entrepreneurial Resources - Advice for Mississippi Entrepreneurs  
  Monticello, Mississippi Resources for Entrepreneurs  
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Opening a Business in Monticello, Mississippi

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

Monticello, Mississippi Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 2884
5-9 Employees 1596
10-19 Employees 630
20-49 Employees 336
50-99 Employees 84
100-249 Employees 0
250-499 Employees 0
500-999 Employees 42
1000+ Employees 0
All Monticello Businesses 5572

As a new Monticello entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Monticello 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 Glass Replacement Shops 1
Automotive Parts and Accessories Stores 2
Business Associations 2
Cable and Other Program Distribution 1
Child Day Care Services 3
Consumer Lending 3
Credit Unions 1
Direct Life Insurance Carriers 1
Drilling Oil and Gas Wells 1
Elementary and Secondary Schools 2
Exam Preparation and Tutoring 1
Exterminating and Pest Control Services 1
Farm Supplies Merchant Wholesalers 1
Fitness and Recreational Sports Centers 1
Florists 2
Food Service Contractors 1
Full-Service Restaurants 2
Funeral Homes and Funeral Services 1
General Freight Trucking, Local 1
Gift, Novelty, and Souvenir Stores 1
Industrial Building Construction 1
Insurance Agencies and Brokerages 2
Jewelry Stores 1
Landscaping Services 1
Limited-Service Restaurants 5
Logging 3
Machine Shops 1
Manufactured (Mobile) Home Dealers 1
Newspaper Publishers 1
Nursing Care Facilities 2
Office Supplies and Stationery Stores 1
Offices of Chiropractors 1
Offices of Dentists 2
Offices of Lawyers 5
Offices of Optometrists 1
Paperboard Mills 1
Pharmacies and Drug Stores 2
Sawmills 2
Siding Contractors 1
Snack and Nonalcoholic Beverage Bars 1
Support Activities for Forestry 1
Used Car Dealers 2
Used Merchandise Stores 2
Veterinary Services 1
Water Supply and Irrigation Systems 1
Wired Telecommunications Carriers 2

What About Franchising Opportunities?

Visit the business district of Monticello and you'll notice that many local entrepreneurs have gone the franchising route. But is franchising the right option for you?

Most business experts recommend that you consider franchising as an option. To help you learn more about franchising, we've gathered a ton of articles on franchising, including Franchising Pros and Cons. Get a thorough education on franchising by browsing all of our Articles on Franchising.

You can review hundreds of franchise opportunities by browing our Franchise Directory.

Sample franchise opportunities include Drake Medox Health Service Agency and Dublcheck Limited. Alternatively, you can browse franchise categories, such as Textile Repair Franchises and Health and Diet Franchises.

Note on Monticello Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Monticello.

Choosing a Business Name

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.

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 Company.

As a final piece of advice, remember that because you are planning on starting a business in Monticello, it's very important that you make sure no Mississippi company has already registered the company name you have selected.

Raising Capital for Your Venture

Obtaining startup financing for your Monticello business requires strong organization skills and perseverance. If you don't have a rich uncle to fund you, you'll need to be creative in how you approach your fundraising efforts.

Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled 504 Loans.

For Monticello entrepreneurs on the hunt for startup funding, check out our List of Mississippi Angel Investors and our List of Mississippi Venture Capital Firms.

Marketing Your New Venture

Whether your goal is to attract Monticello customers or you plan on selling elsewhere, you need a solid marketing plan.

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

The Art of Selling

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

Good Sales Strategies 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.

Now It's Up To You

You have a dream -- starting a business in Monticello. 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 Monticello and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Monticello 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 Monticello, Mississippi

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

 

 

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