South Dakota Business Startup Guides

Opening a Business in Murdo, South Dakota

Contemplating starting a business in Murdo, South Dakota? We walk you through the process of opening a business in Murdo.

Do You Have Entrepreneurial Drive and Passion?

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

Before you move forward with starting a business, be sure to do these three things:

  • Speak with other entrepreneurs in Murdo. Get their candid feedback on what it takes to start a successful business.
  • You should read The Entrepreneurial Personality. It's a good read for those who are thinking about becoming an entrepreneur.
  • Reach out to a trusted acquaintance. A support network of family and friends can be a great sounding board for good advice before you decide for sure to go into business.

Murdo, South Dakota Demographic Information

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

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

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 Murdo Businesses

As a new Murdo entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Murdo 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
Ambulance Services
Automotive Parts and Accessories Stores
Electric Power Distribution
Full-Service Restaurants
General Automotive Repair
Hardware Stores
Lessors of Other Real Estate Property
Limited-Service Restaurants
Miscellaneous Intermediation
Offices of Dentists
Title Abstract and Settlement Offices
Used Car Dealers
Veterinary Services
Water Supply and Irrigation Systems
Wired Telecommunications Carriers

Should You Franchise?

As you drive around Murdo, you'll notice that many local entrepreneurs have gone the franchising route. Should you be giving franchising serious consideration?

We advise the entrepreneurs we work with to consider franchising as an option. We have many articles on franchises, such as Growth Trends in Franchising. Become a franchising expert of sorts by reading more of our Articles on Franchising.

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

Representative franchise opportunities include National Water Surveying and Captain D's. Alternatively, you can browse franchise categories, such as Sports Franchises and Carpet Retail Franchises.

Note on Murdo Franchise Opportunities: To find out if a franchise you are interested in is available in Murdo, you will need to get in direct contact with the franchisor.

The Role of the Business Plan

A business plan is vital in maximizing the prospects of your new company. In effect, a business plan describes what you plan to do with the business and how you plan to do it. Not having a business plan is a recipe for disaster.

To learn more about business plans, read Find Sample Business Plans Online. You can also get free counseling sessions provided by your local SCORE chapter in South Dakota.

Getting Money to Start a Business

Finding the funds to fuel the growth of your Murdo business requires strong organization skills and perseverance. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.

Take advantage of our many articles on raising capital, such as Bank Credit Lines.

For Murdo entrepreneurs with great ambition but a shortage of investment capital, check out our List of South Dakota Angel Investors and our List of South Dakota Venture Capital Firms.

Building Up Your Sales

Being able to sell is critical to your business success. Whether you are focused on selling local customers in Murdo or are selling to customers throughout South Dakota, 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.

Landing Big Customers is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.

Now It's Up To You

You have a dream -- starting a business in Murdo. 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 Murdo and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Murdo, neighborhood development and overall economic health.

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

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

Starting-a-Business Guides for Other Cities in South Dakota

Starting a Business in Mobridge
Starting a Business in New Underwood

Browse All Business Startup Guides for South Dakota
Starting a Business Guides for Other States



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Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities


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