Thinking about starting a business in Newport, Tennessee? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Newport.
What Business to Start
An important decision is what kind of business you want to start. To help you decide on a business type, we encourage you to read Free Business Ideas.
For in-depth how-to guides on how to start specific businesses, browse our Good Businesses to Start section of our site. For example, you might be interested in our Opening a Dietician Business guide or our Opening a Sheep & Goats Business guide.
Don't forget that you are starting a business in Newport. Some businesses will do better in Newport than others. Only by spending some time analyzing Newport demographics can you decide if there will be strong demand for your business idea.
Newport, Tennessee Demographic Information
Newport has an active business community that includes small businesses,
mid-sized businesses and large businesses.
To give you a better feel for Newport demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Newport.
| Business Size | # of Businesses |
| 1-4 Employees |
10455 |
| 5-9 Employees |
5151 |
| 10-19 Employees |
2499 |
| 20-49 Employees |
1887 |
| 50-99 Employees |
459 |
| 100-249 Employees |
408 |
| 250-499 Employees |
204 |
| 500-999 Employees |
0 |
| 1000+ Employees |
0 |
| All Newport Businesses |
21063 |
As a new Newport entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Newport 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.
| Business Type |
# of Businesses |
| Ambulance Services |
1 |
| Automotive Parts and Accessories Stores |
6 |
| Automotive Transmission Repair |
1 |
| Baked Goods Stores |
1 |
| Bed-and-Breakfast Inns |
2 |
| Beer, Wine, and Liquor Stores |
3 |
| Bowling Centers |
1 |
| Business Associations |
2 |
| Cafeterias |
1 |
| Cemeteries and Crematories |
1 |
| Child Day Care Services |
6 |
| Civic and Social Organizations |
1 |
| Coin-Operated Laundries and Drycleaners |
2 |
| Commercial Lithographic Printing |
1 |
| Community Food Services |
1 |
| Confectionery Merchant Wholesalers |
1 |
| Construction Sand and Gravel Mining |
1 |
| Consumer Lending |
5 |
| Convenience Stores |
3 |
| Credit Unions |
1 |
| Drinking Places (Alcoholic Beverages) |
1 |
| Electrical Contractors |
1 |
| Electronic Shopping |
1 |
| Elementary and Secondary Schools |
1 |
| Engineering Services |
1 |
| Family Clothing Stores |
2 |
| Finish Carpentry Contractors |
1 |
| Fitness and Recreational Sports Centers |
1 |
| Floor Covering Stores |
2 |
| Flooring Contractors |
1 |
| Florists |
2 |
| Food Service Contractors |
3 |
| Fruit and Vegetable Canning |
1 |
| Full-Service Restaurants |
19 |
| Funeral Homes and Funeral Services |
2 |
| Furniture Stores |
3 |
| General Automotive Repair |
2 |
| General Freight Trucking, Local |
1 |
| General Medical and Surgical Hospitals |
1 |
| Gift, Novelty, and Souvenir Stores |
1 |
| Golf Courses and Country Clubs |
2 |
| Hardware Stores |
2 |
| Home Health Care Services |
3 |
| Home Health Equipment Rental |
1 |
| Household Appliance Stores |
2 |
| Industrial Building Construction |
1 |
| Institutional Furniture Manufacturing |
1 |
| Insurance Agencies and Brokerages |
6 |
| Internet Service Providers |
1 |
| Iron and Steel Mills |
1 |
| Land Subdivision |
1 |
| Landscaping Services |
5 |
| Lessors of Other Real Estate Property |
1 |
| Limited-Service Restaurants |
19 |
| Livestock Merchant Wholesalers |
2 |
| Machine Shops |
2 |
| Manufactured (Mobile) Home Dealers |
3 |
| Masonry Contractors |
2 |
| Meat Markets |
1 |
| Motor Vehicle Towing |
1 |
| New Car Dealers |
2 |
| Newspaper Publishers |
1 |
| Nursing Care Facilities |
1 |
| Office Supplies and Stationery Stores |
2 |
| Offices of Chiropractors |
2 |
| Offices of Dentists |
5 |
| Offices of Lawyers |
10 |
| Offices of Optometrists |
1 |
| Paint and Wallpaper Stores |
1 |
| Painting and Wall Covering Contractors |
3 |
| Paperboard Mills |
1 |
| Pharmacies and Drug Stores |
7 |
| Photography Studios, Portrait |
1 |
| Pipeline Transportation of Natural Gas |
1 |
| Professional Organizations |
1 |
| Racetracks |
1 |
| Radio Stations |
2 |
| Ready-Mix Concrete Manufacturing |
3 |
| Real Estate Credit |
1 |
| Residential Remodelers |
2 |
| Savings Institutions |
3 |
| Sawmills |
1 |
| Securities Brokerage |
1 |
| Security Guards and Patrol Services |
2 |
| Site Preparation Contractors |
2 |
| Sporting Goods Stores |
1 |
| Tax Preparation Services |
2 |
| Temporary Help Services |
1 |
| Tire Dealers |
3 |
| Tire Manufacturing (except Retreading) |
1 |
| Tobacco Stores |
2 |
| Used Car Dealers |
3 |
| Used Merchandise Stores |
1 |
| Veterinary Services |
2 |
| Video Tape and Disc Rental |
5 |
| Warehouse Clubs and Supercenters |
1 |
| Wholesale Trade Agents and Brokers |
1 |
| Wired Telecommunications Carriers |
2 |
| Women's Clothing Stores |
2 |
| Wood Container and Pallet Manufacturing |
1 |
Have You Considered Buying an Existing Newport Business?
We've created a useful website page for those who want to Buy a Business in Tennessee. Follow that link and you can review several good businesses for sale in Newport.
Before buying a business, be sure to read this article: How to Buy a Business.
Marketing Your New Company
To grow your Newport business, you need a solid marketing plan.
We have some helpful resources on this site for entrepreneurs who are working on marketing plans. Typical Direct Mail Response Rates is a good read to get your marketing juices flowing. That's just a sampling of the many useful articles we have on Marketing a Small Business.
Bring in Revenues
Being able to sell is fundamental to your business success. Whether you are focused on selling local customers in Newport or are selling to customers throughout Tennessee, the United States or even the world, you have to be able to sell.
So what does it take to bring in more prospects and close more business? The good news is we can help you to make selling a big competitve advantage for your new firm.
Selling on the Phone offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.
Increase Your Entrepreneurial Knowledge
Good entrepreneurs recognize that they need to continually improve.
With your business being located in Newport, Tennessee, you should investigate some of the many programs available at nearby Tennessee universities, colleges and community colleges. You should also check if there are any Newport networking organizations.
What's Next?
You have a dream -- starting a business in Newport. To achieve your dream, you have to persevere, even when the odds are against you.
If you choose the right business and love what you do, you will greatly increase your odds of success.
This site is all about helping entrepreneurs in Newport and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Newport, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Newport, Tennessee
Here are more links that we believe will help you be successful in starting a business in Newport.
More Business Startup Guides for Tennessee
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