South Dakota Business Startup Guides
Starting a Business in Buffalo, South Dakota
Thinking about starting a business in Buffalo, South Dakota? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Buffalo.
Are You Sure You Want to Do This?
Being an entrepreneur is difficult, much more challenging than working as an employee. Are you sure you want to start a business?
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Talk to other entrepreneurs in Buffalo. Ask them candidly what it's like to run a business.
- We recommend reading Why Small Businesses Fail. For aspiring new entrepreneurs, it's a must read article.
- Get feedback from somebody whom you trust. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
Buffalo, South Dakota Demographic Information
Buffalo has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Buffalo demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Buffalo.
Businesses
As a new Buffalo entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Buffalo 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
Is a Franchise Opportunity Right For You?
Browse the Yellow Pages for Buffalo and you'll see that franchises make up a large percentage of local businesses. 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 Understanding Franchise Contracts. Become a franchising expert of sorts by reading more of our Articles on Franchising.
A comprehensive list of franchisors is available via our List of Franchise Opportunities.
Sample franchise opportunities include Frullati Cafe & Bakery and MilliCare Commercial Carpet Care. Alternatively, you can browse franchise categories, such as Children's Franchises and Pest Control Franchises.
Note on Buffalo Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Buffalo.
Is Buying an Existing Buffalo Business a Good Strategy?
We've created a useful website page for those who want to Buy a Business in South Dakota. Follow that link and you might discover several good businesses for sale in Buffalo.
If you are headed down the path of buying a business, you may want to read this article: Hold Harmless Agreements When Buying Businesses.
Where to Get Money to Start a Company
Getting your Buffalo business the capital it needs to succeed requires strong organization skills and perseverance. In fact, financing your new business may be the hardest challenge you ever face.
Take advantage of our many articles on securing funding, such as SBIR Funding.
For Buffalo entrepreneurs in need of startup financing, check out our List of South Dakota Angel Investors and our List of South Dakota Venture Capital Firms.
Building Up Your Sales
Do you know how to sell? In order to attract customers to your new Buffalo business, you need to focus on sales.
So what does it take to bring in more prospects and close more business? Fortunately, we've got plenty of good advice to help you improve your selling skills.
Anticipating Prospect Responses 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.
Next Steps
As an entrepreneur in Buffalo, you won't be working for the boss anymore. You are the boss.
From this point on, you control your own destiny.
This site is all about helping entrepreneurs in Buffalo and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Buffalo, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Buffalo, South Dakota
Here are more links that we believe will help you be successful in starting a business in Buffalo.
- Resources for Buffalo, South Dakota Entrepreneurs - Browse a variety of resources we've collected to assist Buffalo entrepreneurs.
- South Dakota Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in South Dakota.
- South Dakota Small Business Development Center - The South Dakota Small Business Development Center (SBDC) helps new South Dakota entrepreneurs realize their dream of business ownership and assists existing businesses in their efforts to remain competitive.
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