Tennessee Business Startup Guides
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.
Businesses
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.
Businesses
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.
- Resources for Collierville, Tennessee Entrepreneurs - Browse a variety of resources we've collected to assist Collierville entrepreneurs.
- Tennessee Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Tennessee.
- Tennessee Small Business Development Center - If you are a small business owner, entrepreneur or you are thinking about starting a new business, the Tennessee Small Business Development Center (TSBDC) is ready to help you every step of the way!
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