Tips for Starting (or Relocating) a Company in Business-Friendly Bozeman, MT
If you’re thinking about moving away from the stresses of the big city to a quieter, more relaxed environment, Bozeman, MT, is the ideal place for you. Not only are there plenty of local and nearby entrepreneurial resources and schools, but you will discover activities and events for the whole family. And you would be hard-pressed to find a more affordable place to live!
Bozeman has everything you need, whether you are planning to launch or relocate your business. Apply the following tips from Bozeman Realty, and you’ll get off to a strong start!
Research Living Options
The affordability of a place means a great deal when starting or relocating a business. A lower cost of living provides more breathing room for business owners, but it also means that labor prices are lower. While Bozeman’s cost of living is just slightly higher than the national average, some vital areas (like transportation and utilities) are lower than average.
Also, the area is well-educated, with a whopping 98% of Bozeman residents being high school graduates or higher and 63% having a Bachelor’s degree or higher. That’s good news since the benefits of having an educated workforce are as evident as numerous. And with plenty of higher educational opportunities nearby – including Montana State University and the Jake Jabs College of Business and Entrepreneurship – you’ll have no shortage of well-educated job candidates to choose from.
In terms of living quarters, the average one-bedroom apartment rents out for around $1,750 a month, and the median value of houses listed on the market is around $849K. Suppose your goal is to buy a home. In that case, you can make the process even easier by applying for a down payment assistance program, such as a VA loan, a mortgage credit certificate, or the Homeownership Voucher Program.
Set Up Your Business for Success
Early in the process of your family’s relocation, you will want to start laying the groundwork for your business. If you haven’t done so, create a catchy name that reflects what your company will offer to clients or customers. Then, register your name with the state and establish a legal structure that will prove favorable for your business. Many entrepreneurs from a limited liability company ensure that they and their assets are protected from liability.
Creating a business plan is also crucial, as it will serve as your roadmap to success and help you secure funding for startup costs and growth opportunities. Speaking of budget, do your due diligence in researching all of the resources available to you; crowdfunding, investors, and small business grants are standard options for entrepreneurs.
Creating and registering your business name, make sure you have an attractive logo that accurately represents your company. While you can hire a graphic designer to create your logo, you can save money if you use an online logo maker. When using this type of tool, you can select from various styles and icons and customize the text, colors, and other elements to make it your own.
Connect With the Community
When you are an entrepreneur in any city or town, few things are more important than having a supportive community around you. In Bozeman, you will find that the people love small businesses, and you will discover opportunities to meet local leaders, mentors, professionals, and other business owners. Here are a few entrepreneurial resources to connect with near Stuart:
- Bozeman Regional Small Business Development Center
- Bozeman SCORE
- Downtown Bozeman Small Business Saturday
You can even find top-notch moving professionals to assist in your relocation! Use an online service directory to compare costs and customer reviews of various movers, and look for a moving company that is offering deals so you can save money.
Enjoy the Area
Finally, you will want to make sure that you and your family are set up for an outstanding quality of life. Plus, your employees and business partners will also benefit from the quality of life offered by your community. This is also an area in which Bozeman shines. Check out some of the attractions that you can find in and around Bozeman:
- Museum of the Rockies
- Ziplining across the Gallatin River
- Palisade Falls
- American Computer & Robotics Museum
- Gallatin History Museum
- Bozeman Spirits Distillery
Bozeman can offer everything you need as a family-oriented entrepreneur. Consider the cost of living, community support, educational opportunities, and local attractions as you choose where to set up your business and family life. All things considered, it doesn’t get much better than Bozeman!
At Bozeman Realty, we pride ourselves on providing personalized solutions that bring our clients closer to their dream properties and enhance their long-term wealth. Call 406-595-5194.