Thinking of starting a business in Minnesota? Here’s what you should know

Whether as a side business, or out of necessity, people in Minnesota are launching their own companies in record numbers.

The process can be daunting, so we talked to business owners and experts on key steps, from filing an application and getting necessary licenses or certifications to researching the market for your product or service and devising a business plan.

Keep in mind, lack of business knowledge, poor preparation and lack of capital are three of the main reasons businesses fail. Only 54.4% of businesses started in Minnesota in 2013 were still active in 2018, and 22.5% closed after the

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