Minnesota Business Startup Guides
Starting a Business in Jackson, Minnesota
Thinking about starting a business in Jackson, Minnesota? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Jackson.
Is Becoming a Business Owner Right for You?
Before you get too far along in the process, assess your entrepreneurial instincts and capabilities.
Because entrepreneurship is not for everyone, we recommend you do the following to help you assess whether you should move forward with starting a business:
- Grab a meal or cofee with other entrepreneurs in Jackson. Get their take on what it's really like to be an entrepreneur.
- Take a look at Starting a Company. It's a short article but it's a good reality check for those are about to jump into the world of entrepreneurship.
- Talk it over with a close friend or partner. That's the best way to get a truly objective assessment as to whether others think you have what it takes.
Jackson, Minnesota Demographic Information
Jackson has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Jackson demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Jackson.
Businesses
As a new Jackson entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Jackson 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
Should You Franchise?
Browse the Yellow Pages for Jackson and you'll notice that many local entrepreneurs have gone the franchising route. Is it perhaps smarter to franchise a business instead of doing it from scratch.
We highly recommend you consider franchising as an option. We have many articles on franchises, such as How Franchises Work. Get a thorough education on franchising by browsing all of our Articles on Franchising.
You can review hundreds of franchise opportunities by browing our Franchise Directory.
Sample franchise opportunities include Spectrum Home Services and OneCoach. Alternatively, you can browse franchise categories, such as Consulting Franchises and Health Franchises.
Note on Jackson Franchise Opportunities: To find out if a franchise you are interested in is available in Jackson, you will need to get in direct contact with the franchisor.
Naming the Company
A good company name can give a big boost to a new startup. It might seem like an easy thing to do, but there are many things to consider when naming a business.
Before you decide on a company name, run it by some prospective customers and see what they think. If they don't like it, it's probably a good idea to go back to the drawing board.
For other considerations regarding naming a company, we recommend this article: Naming a Business.
There's one other important factor when naming a business. Since you are starting a business in Jackson, it's very important that you make sure your company name has not already been claimed by another Minnesota business.
Getting Money to Start a Business
Raising money to fund your new Jackson business is not an easy task. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.
Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled Borrowing Money from Friends and Family.
For Jackson entrepreneurs on the hunt for startup funding, you'll want to take a look at our List of Minnesota Angel Investors and our List of Minnesota Venture Capital Firms.
Advancing Your Entrepreneurial Skills
The best entrepreneurs recognize that they don't know everything.
Given that you are starting a business in Jackson, Minnesota, you should get information on some of the learning programs at local Minnesota educational institutions. You should also check if there are any networking organizations for Jackson entrepreneurs.
Moving Forward
You have a dream -- starting a business in Jackson. To achieve your dream, you have to persevere, even when the odds are against you.
If you choose the right business and love what you do, you will greatly increase your odds of success.
Our goal here is to promote the vitality and growth of small businesses in Jackson and throughout the United States . We have a wealth of experience in business start-ups, financing, marketing, sales and more...and we've made all of our knowledge available to you.
More Entrepreneurial Resources for Starting a Business in Jackson, Minnesota
Here are more links that we believe will help you be successful in starting a business in Jackson.
- Resources for Jackson, Minnesota Entrepreneurs - Browse a variety of resources we've collected to assist Jackson entrepreneurs.
- Minnesota Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Minnesota.
- Minnesota Small Business Development Center - The Minnesota Small Business Development Centers provide no-cost, professional business consulting to Minnesota small businesses covering a variety of business needs.
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