Starting a new business venture anywhere is exciting, but if you live in Sioux Falls, you will be happy to know that you are in one of the best places to do it. With no corporate or personal state income tax in South Dakota, and plenty of support for new businesses, Sioux Falls is a wonderful place to start out on your own. It has been voted as the best small city in America for business for seven years running, and Forbes says that if you are looking for somewhere outside of major cities like New York, Los Angeles, Chicago and Houston where you can enjoy a great standard of living, low crime rate and fantastic support, you should make your HQ in Sioux Falls above all the other cities in the USA of the same size.
So, if you are ready to start up in Sioux Falls, what do you need to do?
Photo by Amy Kellogg
Prepare Your Strategy
Getting your business plan and strategy in place is the first thing you need to do. Even if you are planning to start up as a sole trader, you need to know what you are expecting from your business so you can analyse whether things are going to plan as you begin trading. If you need staff or to use external consultants for things like Sioux Falls SEO, web design, marketing or copywriting, you need to look at how you will find and hire these. Of course, a big part of this is working out your budget and your financial expectations – how much revenue do you need to make a profit? How can you ensure you get to that level within an acceptable timeframe? There are lots of resources that can help you answer these questions, but it is key that you ask yourself these things before you take the plunge and register as a business.
Start Promoting Your Business
Once you are ready to go into business, you need to start promoting yourself. While there are various ways you can do this locally, you are likely to want to do some web based promotion. You can use social media to help you engage with people in the area (or in other locations if your business is not limited to clients in your own area), so setting up a Twitter account and Facebook page is a great idea to start with, and learning social media marketing. There is a lot you can do with very little expenditure, but you will need to know how to make your efforts effective. You will also need to work on your own company website, and consider things like SEO. SEO is the art of making sure your website comes up high on the list on a search engine when customers search for relevant things. You can learn it yourself, or get an expert to help you.
Starting up in Sioux Falls has a lot of benefits, and with a good idea and the right promotion, you have every chance of success!