January 16, 2021  
 
  Entrepreneurial Resources - Advice for Minnesota Entrepreneurs  
  Spring Valley, Minnesota Resources for Entrepreneurs  
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Open a Business in Spring Valley, Minnesota

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

What Business Are You Starting?

Choosing a business that is right for you is very important. You might get some good ideas about what kind of business to start by reading Finding Your Niche in Life.

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 Starting an Industrial X-Ray Laboratory guide or our Starting a Marketing Programs & Services Business guide.

Don't forget that your new business will be in Spring Valley. Some businesses will do better in Spring Valley than others. Study Spring Valley demographics and do a competitive analysis as part of your startup planning process.

Spring Valley, Minnesota Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 1920
5-9 Employees 750
10-19 Employees 690
20-49 Employees 120
50-99 Employees 60
100-249 Employees 0
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Spring Valley Businesses 3540

As a new Spring Valley entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Spring Valley 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
Ambulance Services 1
Animal (except Poultry) Slaughtering 1
Automotive Parts and Accessories Stores 1
Beauty Salons 2
Beer, Wine, and Liquor Stores 2
Book Publishers 1
Cheese Manufacturing 1
Child Day Care Services 1
Civic and Social Organizations 1
Community Food Services 1
Document Preparation Services 2
Drywall and Insulation Contractors 1
Electrical Contractors 2
Framing Contractors 1
Full-Service Restaurants 2
Funeral Homes and Funeral Services 1
General Automotive Repair 3
General Freight Trucking, Local 2
Gift, Novelty, and Souvenir Stores 1
Golf Courses and Country Clubs 1
Hardware Manufacturing 1
Hardware Stores 2
Home Centers 1
Insurance Agencies and Brokerages 4
Janitorial Services 1
Limited-Service Restaurants 3
Livestock Merchant Wholesalers 1
Machine Shops 1
Museums 1
New Car Dealers 3
New Housing Operative Builders 1
Newspaper Publishers 1
Nursing Care Facilities 1
Offices of Certified Public Accountants 1
Offices of Chiropractors 1
Offices of Dentists 1
Offices of Lawyers 1
Offices of Optometrists 1
Petroleum Bulk Stations and Terminals 1
Pharmacies and Drug Stores 2
Racetracks 1
Ready-Mix Concrete Manufacturing 1
Refrigerated Warehousing and Storage 1
Retail Bakeries 1
Roofing Contractors 1
Savings Institutions 1
Securities Brokerage 1
Siding Contractors 1
Site Preparation Contractors 1
Used Car Dealers 2
Used Household and Office Goods Moving 1
Veterinary Services 1

Should You Franchise?

Examine a list of Spring Valley businesses 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 investigate buying a franchise. To help you learn more about franchising, we've gathered a ton of articles on franchising, including How to Get More Franchisees. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.

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

Sample franchise opportunities include Tedeschi Food Shops, Inc. and The Online Outpost. Alternatively, you can browse franchise categories, such as Video and Photography Franchises and Florist Franchises.

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

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.

Company names need to be easy to spell, easy to pronounce, and easy to remember.

For other considerations regarding naming a company, we recommend this article: Branding Advice.

As a final piece of advice, remember that because you are planning on starting a business in Spring Valley, it's very important that you make sure your company name has not already been claimed by another Minnesota business.

Don't Forget to Create a Business Plan

Creating a business plan is vital in laying a solid foundation for your business success. In effect, your business plan is your game plan for how you hope to grow your business. Not having a business plan

If you want more information on writing business plans, we recommend reading Business Plan Mistakes. You can also get free counseling sessions provided by your local SCORE chapter in Minnesota.

Marketing Your New Venture

Whether your goal is to attract Spring Valley customers or you plan on selling elsewhere, you'll need to have a good marketing plan.

You can learn quite a bit about marketing on our site. Sponsoring Local Events is a good read to get your marketing juices flowing. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.

Never Give Up

You have a dream -- starting a business in Spring Valley. 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.

We are here to help Spring Valley businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Spring Valley 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 Spring Valley, Minnesota

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

 

 

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