Minnesota Business Startup Guides

Start a Business in Worthington, Minnesota

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

Will You Be a Good Entrepreneur?

Being an entrepreneur is hard work, much more arduous than working as an employee. Are you certain you are ready to take on this challenge?

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

  • Talk to other entrepreneurs in Worthington. They are usually very willing to share their insights on the ups and downs of being an entrepreneur.
  • We recommend reading Should You Become an Entrepreneur?. For aspiring new entrepreneurs, it's a must read article.
  • Have a candid conversation with friends and family. Others sometimes know you better than you know yourself.

What Type of Business Should You Start?

An important decision is what kind of business you want to start. If you are struggling with what type of business to start, read Finding Your Niche in Life.

If you still are not sure what type of business to start, peruse the Good Businesses to Start section of our site. For example, you might be interested in our How to Start a Carpet Sculpturing & Designing Business guide or our Opening a Computer Upgrade Services Business guide.

Don't forget that your new business will be in Worthington. If Worthington already has plenty of the kind of business you want to start, you might want to change your plans. Don't forget to review Worthington demographics to see if there's a market for what you want to sell.

Worthington, Minnesota Demographic Information

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

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

Business Size
# of
Businesses
1-4 Employees
4728
5-9 Employees
2496
10-19 Employees
1392
20-49 Employees
912
50-99 Employees
288
100-249 Employees
192
250-499 Employees
48
500-999 Employees
0
1000+ Employees
24
All Worthington Businesses
10080

As a new Worthington entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Worthington 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
Animal (except Poultry) Slaughtering
1
Appliance Repair and Maintenance
1
Automobile Driving Schools
1
Automotive Parts and Accessories Stores
5
Automotive Transmission Repair
1
Baked Goods Stores
1
Beauty Salons
8
Beer, Wine, and Liquor Stores
1
Boat Dealers
1
Book Stores
1
Bowling Centers
1
Business Associations
1
Car Washes
2
Cemeteries and Crematories
2
Children's and Infants' Clothing Stores
1
Civic and Social Organizations
6
Claims Adjusting
1
Clothing Accessories Stores
1
Coin-Operated Laundries and Drycleaners
1
Commercial Lithographic Printing
2
Commodity Contracts Dealing
1
Computer and Software Stores
1
Concrete Block and Brick Manufacturing
1
Credit Unions
1
Custom Computer Programming Services
1
Diagnostic Imaging Centers
1
Discount Department Stores
1
Document Preparation Services
1
Drywall and Insulation Contractors
1
Electric Power Distribution
1
Electrical Contractors
6
Elementary and Secondary Schools
2
Emergency and Other Relief Services
1
Engineering Services
1
Facilities Support Services
1
Farm Supplies Merchant Wholesalers
1
Fitness and Recreational Sports Centers
1
Flight Training
1
Floor Covering Stores
1
Florists
1
Food (Health) Supplement Stores
1
Freight Transportation Arrangement
1
Funeral Homes and Funeral Services
2
Furniture Stores
2
General Automotive Repair
4
General Freight Trucking, Local
2
General Medical and Surgical Hospitals
1
Gift, Novelty, and Souvenir Stores
2
Glass and Glazing Contractors
1
Greeting Card Publishers
1
Hardware Stores
2
Historical Sites
1
Hobby, Toy, and Game Stores
1
Homes for the Elderly
1
Household Appliance Stores
3
Insurance Agencies and Brokerages
22
Jewelry Stores
1
Lessors of Other Real Estate Property
1
Limited-Service Restaurants
10
Livestock Merchant Wholesalers
1
Machine Shops
1
Motorcycle Dealers
1
Museums
2
New Car Dealers
4
Newspaper Publishers
1
Nursing Care Facilities
2
Office Administrative Services
1
Office Supplies and Stationery Stores
1
Offices of Certified Public Accountants
2
Offices of Chiropractors
3
Offices of Lawyers
8
Offices of Optometrists
1
Offices of Podiatrists
1
Offices of Real Estate Appraisers
1
One-Hour Photofinishing
1
Optical Goods Stores
1
Paint and Wallpaper Stores
2
Pharmacies and Drug Stores
3
Photography Studios, Portrait
1
Radio Stations
1
Refrigerated Warehousing and Storage
1
Rendering and Meat Byproduct Processing
1
Residential Remodelers
1
Roofing Contractors
1
School and Employee Bus Transportation
1
Securities Brokerage
3
Shoe Stores
3
Siding Contractors
2
Site Preparation Contractors
3
Snack and Nonalcoholic Beverage Bars
2
Solid Waste Landfill
1
Sporting Goods Stores
1
Tax Preparation Services
3
Tire Dealers
2
Title Abstract and Settlement Offices
1
Used Car Dealers
1
Used Household and Office Goods Moving
1
Used Merchandise Stores
1
Veterinary Services
1
Video Tape and Disc Rental
3
Vocational Rehabilitation Services
3
Warehouse Clubs and Supercenters
1
Wired Telecommunications Carriers
4
Women's Clothing Stores
6
Wood Container and Pallet Manufacturing
1

What About Buying an Existing Worthington Business?

If you have some capital to play with, you may want to Buy a Business in Minnesota. Follow that link and you can review several good businesses for sale in Worthington.

For anybody who wants to buy a business, we recommend reading this useful article: Hold Harmless Agreements When Buying Businesses.

Forming a Company in Worthington, Minnesota

It's very important that you choose the right legal structure for your new entity. Among other things, forming a legal entity for the business limits your liabilities.

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 in the state of your choosing. 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. We recommend you read some of the educational articles about company formation that are availabe on our site, such as C Corp Versus S Corp. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Worthington, Minnesota, our information on Incorporating in Minnesota may be a useful resource if you decide to incorporate in Minnesota.

Don't Skip the Business Plan

A business plan is critical in maximizing the prospects of your new company. Simply put, your business plan is your game plan for how you hope to grow your business. Failure to write a business plan is a recipe for disaster.

To learn more about business plans, read Reasons to Write a Business Plan. You should also take advantage of face-to-face free consulting available from your local SCORE chapter in Minnesota.

Marketing Your New Company

To rise above the crowd in Worthington and build your business, you need a great marketing plan.

You can learn quite a bit about marketing on our site. Pros and Cons of Advertising 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.

What's Next?

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

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

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

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

Starting-a-Business Guides for Other Cities in Minnesota

Starting a Business in Woodbury
Starting a Business in Zumbrota

Browse All Business Startup Guides for Minnesota
Starting a Business Guides for Other States

 

 

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