South Dakota Business Startup Guides
Opening a Business in Groton, South Dakota
Contemplating starting a business in Groton, South Dakota? We walk you through the process of opening a business in Groton.
Groton, South Dakota Demographic Information
Groton has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Groton demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Groton.
Businesses
As a new Groton entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Groton 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
Have You Considered Buying an Existing Groton Business?
An excellent way to get started in business is to Buy a Business in South Dakota. Follow that link and you may find several good businesses for sale in Groton.
Before buying a business, be sure to read this article: Hold Harmless Agreements When Buying Businesses.
Startup Financing Basics
Getting your Groton business the capital it needs to succeed requires strong organization skills and perseverance. If you don't have a rich uncle to fund you, you'll need to be creative in how you approach your fundraising efforts.
Take advantage of our many articles on finding startup capital, such as Business Incubators.
For Groton entrepreneurs with great ambition but a shortage of investment capital, browse our List of South Dakota Angel Investors and our List of South Dakota Venture Capital Firms.
Promoting Your New Company
Whether your goal is to attract Groton customers or you plan on selling elsewhere, you need a solid marketing plan.
There are myriad resources on this site to help you with your marketing plan. National TV Spot Advertising Rates is a good read to get your marketing juices flowing. That's just one of the many useful articles we have on Marketing a Small Business.
How to Sell
Being able to sell is critical to your business success. Whether you are focused on selling local customers in Groton or are selling to customers throughout South Dakota, the United States or even the world, you have to be able to sell.
Good selling involves demonstrating that your wares meet your customer's needs. Fortunately, we've got plenty of good advice to help you improve your selling skills.
Anticipating Prospect Responses is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.
Improving Your Entrepreneurial Skillset
Successful business owners recognize that they don't know everything.
Given that you are starting a business in Groton, South Dakota, you will want to take advantage of the many programs available at nearby South Dakota universities, colleges and community colleges. It's also wise to see if there are any Groton networking organizations.
Never Give Up
You have a dream -- starting a business in Groton. To achieve your dream, you have to persevere, even when the odds are against you.
From this point on, you control your own destiny.
Our goal here is to promote the vitality and growth of small businesses in Groton and throughout the United States . We want to be there for you to answer your business questions, whether you are a new Groton 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 Groton, South Dakota
Here are more links that we believe will help you be successful in starting a business in Groton.
- Resources for Groton, South Dakota Entrepreneurs - Browse a variety of resources we've collected to assist Groton 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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