So, you’ve got the itch.
Visions of financial independence, being your own boss, and doing something more fulfilling have got you thinking about going into business for yourself.
You’re not alone.
In any given year, tens of thousands of Minnesotans dive headlong into business for themselves. It’s part of an overall trend toward entrepreneurship. Startups, mostly small businesses, have been rising steadily for the past two decades in Minnesota.
But should you take the plunge? This is no time for impulsive decisions. Think it through carefully.
The first step is to decide whether you really have the right stuff to be a successful entrepreneur. We’re talking the right skills, the right training and the necessary commitment.
The U.S. Small Business Administration has identified some basic characteristics commonly shared by successful small business owners. See how you stack up.
You may be ready to be an entrepreneur and start your own business if …
Having ready access to business expertise and sound advice is essential as you’re making crucial decisions about whether or how to start your own business. Every year thousands of people launch startups with little or no expert guidance. And many face serious – and needless – setbacks and failure because of it.
Fortunately, there’s no need to share their fate. There are many excellent resources available for people starting a business in Minnesota. Many consulting services are free of charge or are offered at extraordinarily low cost.
Consultants at our Small Business Assistance Office can help you understand more about all the factors you'll need to consider before you start a business. And our network of Small Business Development Centers has experts located in nine main regional offices and several satellite centers statewide.