January 24, 2021  
 
  Entrepreneurial Resources - Advice for Minnesota Entrepreneurs  
  Stewartville, Minnesota Resources for Entrepreneurs  
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Open a Business in Stewartville, Minnesota

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

Are You Ready for the Challenges of Being an Entrepreneur?

Most new companies don't make it, in part because the entrepreneur did not have the entrepreneurial skills and traits needed to succeed. So, before jumping into the world of entrepreneurship, consider all of the implications of being an entrepreneur.

Here are three things we recommend you do before you fully commit to starting a new business of your own.

  • Speak with other entrepreneurs in Stewartville. Listen closely to their experiences and see if you think you too can be successful.
  • 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. Ask them directly: Do I have what it takes to be an entrepreneur? Listen carefully to their answer, as they presumably know your strengths and weaknesses.

Stewartville, Minnesota Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 264
5-9 Employees 84
10-19 Employees 78
20-49 Employees 27
50-99 Employees 0
100-249 Employees 9
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Stewartville Businesses 462

As a new Stewartville entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Stewartville 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
Architectural Services 1
Automotive Transmission Repair 1
Beauty Salons 1
Beer, Wine, and Liquor Stores 2
Bowling Centers 1
Business Associations 1
Car Washes 1
Cemeteries and Crematories 1
Child Day Care Services 4
Civic and Social Organizations 1
Computer and Software Stores 1
Computer Systems Design Services 1
Custom Computer Programming Services 1
Drywall and Insulation Contractors 2
Electrical Contractors 2
Fitness and Recreational Sports Centers 1
Food Service Contractors 1
Framing Contractors 2
Full-Service Restaurants 2
Funeral Homes and Funeral Services 1
Furniture Stores 1
General Automotive Repair 2
Golf Courses and Country Clubs 1
Hardware Stores 1
Homes for the Elderly 1
Insurance Agencies and Brokerages 2
Investigation Services 1
Janitorial Services 1
Landscaping Services 1
Limited-Service Restaurants 3
Mail-Order Houses 1
Masonry Contractors 3
Mobile Food Services 1
New Car Dealers 1
New Housing Operative Builders 1
Newspaper Publishers 1
Nursing Care Facilities 1
Offices of Chiropractors 2
Offices of Dentists 3
Pet Care (except Veterinary) Services 1
Pharmacies and Drug Stores 1
Photography Studios, Portrait 1
Ready-Mix Concrete Manufacturing 1
Recreational Vehicle Dealers 1
Residential Remodelers 3
School and Employee Bus Transportation 1
Securities Brokerage 1
Security Guards and Patrol Services 1
Siding Contractors 2
Site Preparation Contractors 5
Snack and Nonalcoholic Beverage Bars 1
Solid Waste Collection 1
Tax Preparation Services 1
Tile and Terrazzo Contractors 1
Used Merchandise Stores 1
Veterinary Services 1
Video Tape and Disc Rental 1
Wired Telecommunications Carriers 1

Should You Franchise?

As you drive around Stewartville, it becomes clear that purchasing a franchise is a common way to get started as an entrepreneur. Should you be giving franchising serious consideration?

Most business experts recommend that you consider franchising as an option. This site has dozens of articles on franchising, such as Franchise Due Diligence. 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.

Sample franchise opportunities include Corbeil Appliances and Cookies by Design / Cookie Bouquet. Alternatively, you can browse franchise categories, such as Accounting Franchises and Textile Repair Franchises.

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

Forming a Company in Stewartville, Minnesota

It's very important that you form your business as a legal structure. Doing so will shield you from personal liability for business debts and obligations.

The entity you form can be 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. As it turns out, you can incorporate wherever you want. 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 basics of company formation, browse articles on our site, such as Where to Incorporate. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Stewartville, Minnesota, our information on Incorporating in Minnesota may be a useful resource if you decide to incorporate in Minnesota.

Ramping Up Sales

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

The key to selling is to set sales goals goals and monitor your progress towards those goals. Fortunately, we've got plenty of good advice to help you improve your selling skills.

Hiring Good Sales People 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.

Improving Your Entrepreneurial Skillset

Successful entrepreneurs recognize that they need to continually improve.

As an entrepreneur who lives in Stewartville, Minnesota, you will want to take advantage of the many programs available at nearby Minnesota universities, colleges and community colleges. We also recommend you look into Stewartville networking organizations.

Never Give Up

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

Owning your own business will be a daunting task, but you can do it.

We are here to help Stewartville businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Stewartville, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Stewartville, Minnesota

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

 

 

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