January 24, 2021  
 
  Entrepreneurial Resources - Advice for Tennessee Entrepreneurs  
  Collierville, Tennessee Resources for Entrepreneurs  
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Opening a Business in Collierville, Tennessee

Contemplating starting a business in Collierville, Tennessee? We walk you through the process of opening a business in Collierville.

Which Business to Choose?

Choosing a business that is right for you is very important. If you are struggling with what type of business to start, read How to Evaluate a Business Idea.

If you still are not sure what type of business to start, peruse the Good Businesses to Start section of our site. For example, you might be interested in our Starting an Auto Transmissions Wholesale & Manufacturers Business guide or our Opening a Lawn Mowing & Garden Care Services Business guide.

Always keep in mind that starting a business in Collierville has some implications. Some businesses will do better in Collierville than others. Make sure you fully understand Collierville demographics before you lock in on your business idea.

Collierville, Tennessee Demographic Information

Collierville has an active business community that includes small businesses, mid-sized businesses and large businesses.

To give you a better feel for Collierville demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Collierville.

Business Size# of
Businesses
1-4 Employees 1559
5-9 Employees 543
10-19 Employees 324
20-49 Employees 282
50-99 Employees 78
100-249 Employees 48
250-499 Employees 12
500-999 Employees 0
1000+ Employees 6
All Collierville Businesses 2852

As a new Collierville entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Collierville 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
Advertising Agencies 3
Architectural Services 2
Automotive Exhaust System Repair 1
Automotive Parts and Accessories Stores 3
Automotive Transmission Repair 2
Baked Goods Stores 2
Beauty Salons 15
Beer, Wine, and Liquor Stores 4
Blood and Organ Banks 1
Book Stores 1
Books Printing 2
Bowling Centers 1
Building Inspection Services 1
Business Associations 2
Cafeterias 1
Car Washes 2
Carpet and Upholstery Cleaning Services 3
Child Day Care Services 7
Children's and Infants' Clothing Stores 2
Civic and Social Organizations 2
Clothing Accessories Stores 1
Collection Agencies 1
Commercial Flexographic Printing 1
Commercial Screen Printing 1
Commodity Contracts Dealing 1
Computer and Software Stores 2
Computer Facilities Management Services 1
Computer Systems Design Services 5
Confectionery and Nut Stores 1
Consumer Lending 2
Convenience Stores 2
Convention and Visitors Bureaus 1
Couriers 12
Credit Unions 1
Custom Computer Programming Services 10
Dental Laboratories 1
Diet and Weight Reducing Centers 1
Direct Life Insurance Carriers 1
Direct Mail Advertising 1
Direct Title Insurance Carriers 1
Discount Department Stores 2
Document Preparation Services 1
Drywall and Insulation Contractors 2
Electrical Contractors 12
Elementary and Secondary Schools 1
Employment Placement Agencies 1
Engineering Services 4
Environmental Consulting Services 2
Exam Preparation and Tutoring 3
Exterminating and Pest Control Services 2
Family Clothing Stores 12
Farm Supplies Merchant Wholesalers 3
Fine Arts Schools 2
Finish Carpentry Contractors 1
Fitness and Recreational Sports Centers 7
Floor Covering Stores 3
Flooring Contractors 2
Florists 3
Food (Health) Supplement Stores 1
Food Service Contractors 3
Footwear and Leather Goods Repair 1
Formal Wear and Costume Rental 1
Framing Contractors 1
Freight Transportation Arrangement 5
Full-Service Restaurants 32
Funeral Homes and Funeral Services 2
Furniture Merchant Wholesalers 1
Furniture Stores 3
General Automotive Repair 3
General Freight Trucking, Local 2
General Medical and Surgical Hospitals 1
General Rental Centers 2
Gift, Novelty, and Souvenir Stores 3
Glass and Glazing Contractors 1
Golf Courses and Country Clubs 2
Grantmaking Foundations 2
Hardware Stores 1
Hobby, Toy, and Game Stores 2
Home Centers 1
Home Health Care Services 1
Industrial Mold Manufacturing 1
Inorganic Dye and Pigment Manufacturing 1
Insurance Agencies and Brokerages 17
Interior Design Services 1
Internet Service Providers 1
Investigation Services 3
Investment Advice 5
Janitorial Services 8
Jewelry Stores 6
Kidney Dialysis Centers 1
Land Subdivision 5
Landscape Architectural Services 2
Landscaping Services 14
Lessors of Other Real Estate Property 1
Limited-Service Restaurants 33
Livestock Merchant Wholesalers 1
Machine Shops 1
Mail-Order Houses 1
Marine Cargo Handling 1
Marketing Consulting Services 1
Masonry Contractors 3
Miscellaneous Intermediation 1
Mortgage and Nonmortgage Loan Brokers 1
Motion Picture and Video Production 2
Motor Vehicle Towing 1
Museums 2
Nail Salons 1
Natural Gas Liquid Extraction 1
New Car Dealers 3
New Housing Operative Builders 2
Newspaper Publishers 1
Nonresidential Property Managers 1
Nursing Care Facilities 1
Office Administrative Services 5
Office Equipment Merchant Wholesalers 3
Office Supplies and Stationery Stores 1
Offices of Certified Public Accountants 6
Offices of Chiropractors 3
Offices of Dentists 16
Offices of Lawyers 9
Offices of Optometrists 4
Offices of Real Estate Appraisers 3
Optical Goods Stores 1
Packaging and Labeling Services 1
Paint and Wallpaper Stores 2
Painting and Wall Covering Contractors 5
Pet and Pet Supplies Stores 2
Pet Care (except Veterinary) Services 1
Pharmacies and Drug Stores 5
Photography Studios, Portrait 2
Pipeline Transportation of Crude Oil 1
Plastics Bottle Manufacturing 1
Plastics Plumbing Fixture Manufacturing 1
Private Mail Centers 1
Professional Employer Organizations 2
Professional Organizations 1
Quick Printing 1
Ready-Mix Concrete Manufacturing 1
Real Estate Credit 4
Residential Property Managers 1
Residential Remodelers 5
Retail Bakeries 1
Roofing Contractors 1
Sales Financing 1
Securities Brokerage 3
Security Guards and Patrol Services 1
Sheet Metal Work Manufacturing 1
Shoe Stores 8
Siding Contractors 1
Site Preparation Contractors 5
Snack and Nonalcoholic Beverage Bars 5
Soft Drink Manufacturing 1
Software Publishers 1
Solid Waste Collection 1
Sporting Goods Stores 4
Sports and Recreation Instruction 3
Tax Preparation Services 6
Telemarketing Bureaus 1
Temporary Help Services 1
Testing Laboratories 2
Tile and Terrazzo Contractors 2
Tire Dealers 4
Title Abstract and Settlement Offices 1
Tobacco Stores 2
Travel Agencies 1
Used Car Dealers 4
Used Merchandise Stores 3
Vending Machine Operators 1
Veterinary Services 4
Video Tape and Disc Rental 1
Voluntary Health Organizations 1
Warehouse Clubs and Supercenters 1
Wholesale Trade Agents and Brokers 13
Wired Telecommunications Carriers 3
Women's Clothing Stores 12
Wood Container and Pallet Manufacturing 1
Wood Preservation 1

Have You Considered Franchising?

Examine a list of Collierville businesses and you'll see that franchises make up a large percentage of local businesses. Evidently, there must be some significant advantages to purchasing a franchise.

We highly recommend you consider franchising as an option. This site has dozens of articles on franchising, such as Staffing a Franchise. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.

You can review hundreds of franchise opportunities by browing our Franchise Directory.

Representative franchise opportunities include Rockin Baja Lobster and KCS Applications. Alternatively, you can browse franchise categories, such as Consulting Franchises and Health Franchises.

Note on Collierville Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Collierville.

Naming the Business

Making the right decision when choosing a company name is very important. There are many decisions you'll make now that you can change later, but changing a company name years down the road is not very easy. So, choose a good company name at the outset.

Pick a company name that isn't too generic. If you do a search engine search for your proposed name and a billion results come up, you may want to reconsider the name. It's much easier to come up in the search engines when your name is fairly unique.

Numerous company naming issues are discussed in more detail in this article: Branding Advice.

On a final note, given that you are opening a business in Collierville, it's critical that you ensure that no other Tennessee company is using the business name you want to use.

Forming a Company in Collierville, Tennessee

It's essential that you are forming a legal entity that operates independently from you. Doing so will protect you from personal liability for business debts and obligations.

The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.

Incorporating is a very common way to legally create a business entity. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in Tennessee, you don't necessarily have to incorporate in Tennessee. As it turns out, you can incorporate wherever you want. However, if you do incorporate in another state, you'll have to register as a foreign corporation in your home state.

There are many nuances to forming a company. To learn the basics of company formation, browse articles on our site, such as Registered Agents. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Collierville, Tennessee, our information on Incorporating in Tennessee may be a useful resource if you decide to incorporate in Tennessee.

Bring in Revenues

Do you know how to sell? In order to attract customers to your new Collierville business, you need to focus on sales.

Clever sales techniques can transform any business from good to great. The good news is we can help you to make selling a big competitve advantage for your new firm.

Writing Great Proposals is worth reading, as it may give you some good ideas on how to sell your products or services. We have many more good articles on selling that you may enjoy reading.

What's Next?

As an entrepreneur in Collierville, you won't be working for the boss anymore. You are the boss.

Owning your own business will be a daunting task, but you can do it.

Our goal here is to promote the vitality and growth of small businesses in Collierville and throughout the United States . We want to be there for you to answer your business questions, whether you are a new Collierville entrepreneur who is just getting started or you are already up and running with your new venture.

More Entrepreneurial Resources for Starting a Business in Collierville, Tennessee

Here are more links that we believe will help you be successful in starting a business in Collierville.

 

 

Additional Resources for Entrepreneurs

Buying a Business

Writing a Business Plan

Raising Money

Incorporate

Small Business Marketing

Advertising Advice

Public Relations -

Customer Service Tips

Entrepreneurial Selling

Workplace Safety