Minnesota Business Startup Guides
Opening a Business in Morris, Minnesota
Contemplating starting a business in Morris, Minnesota? We walk you through the process of opening a business in Morris.
Do You Have Entrepreneurial Drive and Passion?
Before announcing to the world that you are going to start your own business, consider your entrepreneurial instincts and capabilities.
With so much at stake when you start a business, we strongly recommend you do the following before you proceed:
- Speak with other entrepreneurs in Morris. Get their candid feedback on what it takes to start a successful business.
- You should read Business Failure. It's a good read for those who are thinking about becoming an entrepreneur.
- Involve a spouse, family member or trusted friend in the decision. A support network of family and friends can be a great sounding board for good advice before you decide for sure to go into business.
Morris, Minnesota Demographic Information
Morris has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Morris demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Morris.
Businesses
As a new Morris entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Morris 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 Buying an Existing Morris Business a Good Strategy?
We've created a handy website page for those who want to Buy a Business in Minnesota. Follow that link and you may find several good businesses for sale in Morris.
Before buying a business, be sure to read this article: Buying a Business.
Naming the Company
A big decision when starting a company is choosing a company name. Believe it or not, choosing a good company name can be a big contributor to your business success.
Even if the name doesn't do it by itself, many naming experts believe there should be a story behind the name that ties into your company mission.
For other considerations regarding naming a company, we recommend this article: Branding Advice.
As a final piece of advice, remember that because you are starting a business in Morris, it's very important that you make sure no Minnesota company has already registered the company name you have selected.
Startup Financing Basics
Obtaining startup financing for your Morris business requires strong organization skills and perseverance. In fact, financing your new business may be the hardest challenge you ever face.
On the bright side, this site contains dozens of articles on raising money, including one we recommend entitled SBIR Funding.
For Morris entrepreneurs with great ambition but a shortage of investment capital, check out our List of Minnesota Angel Investors and our List of Minnesota Venture Capital Firms.
Learning More About Entrepreneurship
Good entrepreneurs recognize that what they know now may not be enough to ensure their future success.
Given that you are starting a business in Morris, Minnesota, you should get information on some of the many programs available at nearby Minnesota universities, colleges and community colleges. Another way to keep up on your entrepreneurial education is to investigate Morris networking organizations.
Now It's Up To You
You have a dream -- starting a business in Morris. To achieve your dream, you have to persevere, even when the odds are against you.
From this point on, you control your own destiny.
We are here to help Morris businesses to be successful. 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 Morris, Minnesota
Here are more links that we believe will help you be successful in starting a business in Morris.
- Resources for Morris, Minnesota Entrepreneurs - Browse a variety of resources we've collected to assist Morris 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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