Minnesota Business Startup Guides
Start a Business in Staples, Minnesota
Are you starting a business in Staples, Minnesota? This article discusses the most important things to consider when opening a business in Staples.
Staples, Minnesota Demographic Information
Staples has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Staples demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Staples.
Businesses
As a new Staples entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Staples 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.
Businesses
What About Franchising Opportunities?
As you drive around Staples, you may be surprised to see how many franchises there are in the area. Is there a franchise opportunity out there that makes sense for you?
We advise the entrepreneurs we work with to consider franchising as an option. We have many articles on franchises, such as Franchise Due Diligence. Get a thorough education on franchising by browsing all of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Sample franchise opportunities include Omni-Kleen and Super Kick International, Inc.. Alternatively, you can browse franchise categories, such as Fitness Franchises and Mail and Shipping Services Franchises.
Note on Staples Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Staples.
Forming a Company in Staples, Minnesota
A critical step is ensuring that your business is formed as a legal entity that is separate from its owners. Doing so will insulate you from personal liability for business debts and obligations.
When forming a company, you will select one of many company types, such as a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporation is a very popular way to form a business. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in Minnesota, you don't necessarily have to incorporate in Minnesota. In fact, you can incorporate in any state you would like to. However, if you do incorporate in another state, you'll have to register as a foreign corporation in your home state.
There are many nuances to forming a company. To learn the fundamentals of company formation, browse articles on our site, such as Corporate Formalities. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Staples, Minnesota, our web page covering Incorporating in Minnesota may be a useful resource if you decide to incorporate in Minnesota.
The Role of the Business Plan
A business plan is vital in maximizing the prospects of your new company. In effect, a business plan is a written description of the future you envision for your business. Starting a business without a business plan is a recipe for disaster.
To learn more about business plans, read Expert Advice on Business Plans. A great resource for business planning assistance is the free counseling sessions provided by your local SCORE chapter in Minnesota.
Raising Money for Your Startup
Raising money to fund your new Staples business requires strong organization skills and perseverance. In fact, financing your new business may be the hardest challenge you ever face.
To learn about raising money, we recommend you read the fundraising articles on our site, such as 504 Loans.
For Staples entrepreneurs on the hunt for startup funding, you'll want to take a look at our List of Minnesota Angel Investors and our List of Minnesota Venture Capital Firms.
Improving Your Entrepreneurial Skillset
Successful entrepreneurs recognize that they don't know everything.
With your business being located in Staples, Minnesota, you should get information on some of the many programs available at nearby Minnesota universities, colleges and community colleges. You should also check if there are any networking groups or organizations in which Staples entrepreneurs get together to network and trade their business experiences.
Next Steps
Most new Staples businesses underestimate the number of challenges they will face.
From this point on, you control your own destiny.
This site is all about helping entrepreneurs in Staples and elsewhere to achieve real success. 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 Staples, Minnesota
Here are more links that we believe will help you be successful in starting a business in Staples.
- Resources for Staples, Minnesota Entrepreneurs - Browse a variety of resources we've collected to assist Staples entrepreneurs.
- Minnesota Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Minnesota.
- Minnesota Small Business Development Center - The Minnesota Small Business Development Centers provide no-cost, professional business consulting to Minnesota small businesses covering a variety of business needs.
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