Minnesota Business Startup Guides

Open a Business in Sandstone, Minnesota

Need help starting a business in Sandstone, Minnesota? We've got the information you need to open a business in Sandstone.

Is Becoming an Entrepreneur Right for You?

Most startup businesses don't make it, in part because the entrepreneur did not have the entrepreneurial skills and traits needed to succeed. So, before you open a business, consider all of the implications of being an entrepreneur.

To determine whether you have what it takes to run a business, we recommend these three steps to help you decide:

  • Speak with other entrepreneurs in Sandstone. Get their take on what it's really like to be an entrepreneur.
  • You should read Starting a Company. It's a good read for those who are thinking about becoming an entrepreneur.
  • Talk it over with a close friend or partner. That's the best way to get a truly objective assessment as to whether others think you have what it takes.

Sandstone, Minnesota Demographic Information

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

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

Business Size
# of
Businesses
1-4 Employees
123
5-9 Employees
48
10-19 Employees
33
20-49 Employees
12
50-99 Employees
6
100-249 Employees
6
250-499 Employees
0
500-999 Employees
0
1000+ Employees
0
All Sandstone Businesses
228

As a new Sandstone entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Sandstone 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
Beauty Salons
2
Beer, Wine, and Liquor Stores
1
Child Day Care Services
2
Civic and Social Organizations
2
Computer Systems Design Services
1
Confectionery Merchant Wholesalers
1
Convenience Stores
1
Credit Unions
1
Digital Printing
1
Elementary and Secondary Schools
1
Family Clothing Stores
1
Finish Carpentry Contractors
1
Fitness and Recreational Sports Centers
1
Florists
2
Food (Health) Supplement Stores
1
Full-Service Restaurants
2
General Medical and Surgical Hospitals
1
Hardware Stores
2
Homes for the Elderly
1
Household Appliance Stores
1
Insurance Agencies and Brokerages
1
Logging
2
Masonry Contractors
1
Newspaper Publishers
1
Offices of Chiropractors
1
Offices of Dentists
1
Sawmills
1
Site Preparation Contractors
3
Support Activities for Forestry
1
Tax Preparation Services
1
Video Tape and Disc Rental
1
Vocational Rehabilitation Services
1

Is Franchising a Better Option?

As you drive around Sandstone, it becomes clear that purchasing a franchise is a common way to get started as an entrepreneur. 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 Franchisees Versus Licensees. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.

To learn about specific franchise opportunities, check out our Franchise Directory.

Sample franchise opportunities include WebOffice and Incredibly Edible Delites, Inc.. Alternatively, you can browse franchise categories, such as Cartridge Recycling Franchises and Child Entertainment Franchises.

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

Startup Financing Basics

Getting your Sandstone business the capital it needs to succeed is not an easy task. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.

Take advantage of our many articles on raising money, such as Attracting Investors.

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

Marketing Your New Startup

To rise above the crowd in Sandstone and advance your business, you need a excellent marketing plan.

There are myriad resources on this site to help you with your marketing plan. Seven Marketing Ideas for Your Small Business discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just one of the many useful articles we have on Marketing a Small Business.

The Art of Selling

Mastering the art of selling is priority one if you want your new Sandstone business to do well.

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.

The Art of Customer Referrals 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.

Moving Forward

Most new Sandstone businesses underestimate the number of challenges they will face.

From this point on, you control your own destiny.

Our goal here is to promote the vitality and growth of small businesses in Sandstone and throughout the United States . 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 Sandstone, Minnesota

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

More Startup Articles for Minnesota Cities

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Starting a Business in Sauk Centre

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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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