January 12, 2021  
 
  Entrepreneurial Resources - Advice for Montana Entrepreneurs  
  Thompson Falls, Montana Resources for Entrepreneurs  
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Start a Business in Thompson Falls, Montana

Are you starting a business in Thompson Falls, Montana? This article discusses the most important things to consider when opening a business in Thompson Falls.

Thompson Falls, Montana Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 246
5-9 Employees 84
10-19 Employees 36
20-49 Employees 21
50-99 Employees 3
100-249 Employees 3
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Thompson Falls Businesses 393

As a new Thompson Falls entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Thompson Falls 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
Automotive Parts and Accessories Stores 1
Beer, Wine, and Liquor Stores 1
Boat Dealers 1
Broadwoven Fabric Finishing Mills 1
Carpet and Upholstery Cleaning Services 1
Casinos (except Casino Hotels) 1
Child Day Care Services 1
Civic and Social Organizations 1
Construction Sand and Gravel Mining 1
Cut Stock, Resawing Lumber, and Planing 2
Drinking Places (Alcoholic Beverages) 1
Educational Support Services 1
Electric Power Distribution 1
Electrical Contractors 1
Electronic Shopping 1
Elementary and Secondary Schools 1
Employment Placement Agencies 1
Engineering Services 1
Fitness and Recreational Sports Centers 1
Food (Health) Supplement Stores 1
Fruit and Vegetable Canning 1
Full-Service Restaurants 3
Furniture Merchant Wholesalers 1
General Automotive Repair 2
Gift, Novelty, and Souvenir Stores 1
Golf Courses and Country Clubs 1
Hardware Stores 1
Home Centers 1
Hydroelectric Power Generation 1
Insurance Agencies and Brokerages 2
Limited-Service Restaurants 4
Logging 6
Machine Shops 1
Newspaper Publishers 1
Offices of Certified Public Accountants 1
Offices of Chiropractors 1
Offices of Dentists 1
Offices of Lawyers 4
Offices of Optometrists 1
Offices of Real Estate Appraisers 2
Petroleum Bulk Stations and Terminals 1
Pharmacies and Drug Stores 1
Residential Remodelers 2
Sawmills 1
School and Employee Bus Transportation 1
Sewage Treatment Facilities 1
Siding Contractors 1
Site Preparation Contractors 5
Solid Waste Collection 1
Sporting Goods Stores 1
Temporary Shelters 1
Tire Dealers 1
Veterinary Services 1
Vocational Rehabilitation Services 1
Wood Preservation 1

Have You Considered Franchising?

As you drive around Thompson Falls, it's apparent that franchising has become a very popular way to start a business. Evidently, there must be some significant advantages to purchasing a franchise.

Most business experts recommend that you consider franchising as an option. This site has dozens of articles on franchising, such as Franchisees Versus Licensees. 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 Palm Beach Specialty Coffee and Marble Slab Creamery, Inc.. Alternatively, you can browse franchise categories, such as Bakery Franchises and Moving Franchises.

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

What About Buying an Existing Thompson Falls Business?

An excellent way to get started in business is to Buy a Business in Montana. Follow that link and you might discover several good businesses for sale in Thompson Falls.

Before buying a business, be sure to read this article: Hold Harmless Agreements When Buying Businesses.

Choosing a Company Name

Making the right decision when choosing a company name is very important. There are many decisions you'll make now that you can change later, but changing a company name years down the road is not very easy. So, choose a good company name at the outset.

Companies like Starbucks, Apple, Target, Microsoft and Intuit all have strong company names that are easy to remember and have become well-loved brands. Wouldn't it be nice if your new company name got on a similar track?

To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Company.

As a final piece of advice, remember that because you are planning on starting a business in Thompson Falls, it's critical that you ensure that no other Montana company is using the business name you want to use.

Promoting Your New Company

To rise above the crowd in Thompson Falls and grow your business, you need a great marketing plan.

There are myriad resources on this site to help you with your marketing plan. Six Tips for Getting Customer Testimonials is an article that will stimulate a few thoughts on your marketing plan. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.

Increase Your Entrepreneurial Knowledge

Good entrepreneurs know that they need to continually improve.

Given that you are starting a business in Thompson Falls, Montana, you will want to take advantage of the learning programs at local Montana educational institutions. It's also worthwhile to see if there are any networking organizations for Thompson Falls entrepreneurs.

Now It's Up To You

As an entrepreneur in Thompson Falls, you won't be working for the boss anymore. You are the boss.

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 Thompson Falls and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Thompson Falls, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Thompson Falls, Montana

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

 

 

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