September 28, 2020  
 
  Entrepreneurial Resources - Advice for Alabama Entrepreneurs  
  Foley, Alabama Resources for Entrepreneurs  
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Start a Business in Foley, Alabama

Are you starting a business in Foley, Alabama? This article discusses the most important things to consider when opening a business in Foley.

Foley, Alabama Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 3381
5-9 Employees 1842
10-19 Employees 1068
20-49 Employees 621
50-99 Employees 144
100-249 Employees 117
250-499 Employees 18
500-999 Employees 9
1000+ Employees 0
All Foley Businesses 7200

As a new Foley entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Foley 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 1
Air and Gas Compressor Manufacturing 1
Ambulance Services 1
Art Dealers 1
Automotive Glass Replacement Shops 2
Automotive Parts and Accessories Stores 9
Beauty Salons 2
Beer, Wine, and Liquor Stores 1
Blind and Shade Manufacturing 1
Book Stores 4
Bowling Centers 1
Building Inspection Services 1
Business Associations 1
Cafeterias 1
Carpet and Upholstery Cleaning Services 1
Cemeteries and Crematories 1
Child and Youth Services 1
Child Day Care Services 4
Children's and Infants' Clothing Stores 6
Civic and Social Organizations 2
Clothing Accessories Stores 5
Coin-Operated Laundries and Drycleaners 1
Commercial Lithographic Printing 1
Commercial Screen Printing 1
Computer and Software Stores 3
Computer Facilities Management Services 1
Computer Systems Design Services 1
Construction Sand and Gravel Mining 1
Consumer Lending 5
Convenience Stores 2
Convention and Visitors Bureaus 1
Diagnostic Imaging Centers 2
Digital Printing 1
Direct Life Insurance Carriers 1
Directory and Mailing List Publishers 1
Drinking Places (Alcoholic Beverages) 5
Drywall and Insulation Contractors 7
Electrical Contractors 11
Elementary and Secondary Schools 1
Employment Placement Agencies 1
Engineering Services 2
Exam Preparation and Tutoring 1
Exterminating and Pest Control Services 3
Family Clothing Stores 19
Farm Labor Contractors and Crew Leaders 1
Finish Carpentry Contractors 4
Fish and Seafood Markets 2
Fish and Seafood Merchant Wholesalers 1
Fitness and Recreational Sports Centers 4
Floor Covering Stores 4
Flooring Contractors 2
Florists 1
Food (Health) Supplement Stores 2
Framing Contractors 2
Fruit and Vegetable Markets 1
Full-Service Restaurants 22
Furniture Merchant Wholesalers 1
Furniture Stores 8
General Automotive Repair 6
General Freight Trucking, Local 1
General Medical and Surgical Hospitals 1
General Rental Centers 2
General Warehousing and Storage 1
Gift, Novelty, and Souvenir Stores 4
Glass and Glazing Contractors 1
Golf Courses and Country Clubs 1
Hand and Edge Tool Manufacturing 1
Hardware Stores 1
Hobby, Toy, and Game Stores 3
Home Centers 2
Home Health Care Services 4
Home Health Equipment Rental 2
Homes for the Elderly 1
Household Appliance Stores 2
Insurance Agencies and Brokerages 9
Interior Design Services 1
Investigation Services 1
Investment Advice 1
Janitorial Services 3
Jewelry Stores 6
Land Subdivision 4
Landscaping Services 8
Limited-Service Restaurants 24
Linen Supply 1
Logging 1
Luggage and Leather Goods Stores 2
Machine Shops 2
Marketing Consulting Services 1
Masonry Contractors 4
Media Representatives 1
Men's Clothing Stores 7
Mortgage and Nonmortgage Loan Brokers 1
Motor Vehicle Towing 1
New Car Dealers 4
Newspaper Publishers 1
Nursing Care Facilities 1
Office Administrative Services 1
Office Supplies and Stationery Stores 6
Offices of Certified Public Accountants 4
Offices of Chiropractors 5
Offices of Dentists 6
Offices of Lawyers 19
Offices of Optometrists 1
Optical Goods Stores 3
Outdoor Power Equipment Stores 1
Packaging and Labeling Services 1
Paint and Coating Manufacturing 1
Paint and Wallpaper Stores 1
Painting and Wall Covering Contractors 5
Passenger Car Rental 1
Pet and Pet Supplies Stores 2
Pet Care (except Veterinary) Services 2
Pharmacies and Drug Stores 4
Photography Studios, Portrait 1
Professional Employer Organizations 1
Radio Stations 1
Ready-Mix Concrete Manufacturing 1
Real Estate Credit 2
Recreational Vehicle Dealers 1
Residential Property Managers 1
Residential Remodelers 5
Roofing Contractors 6
Rooming and Boarding Houses 1
Securities Brokerage 2
Security Guards and Patrol Services 3
Septic Tank and Related Services 1
Sheet Metal Work Manufacturing 2
Shoe Stores 19
Siding Contractors 1
Sign Manufacturing 1
Site Preparation Contractors 6
Snack and Nonalcoholic Beverage Bars 6
Special Needs Transportation 1
Sporting Goods Stores 3
Support Activities for Forestry 1
Tax Preparation Services 1
Temporary Help Services 1
Tire Dealers 3
Title Abstract and Settlement Offices 1
Tobacco Stores 1
Travel Trailer and Camper Manufacturing 1
Truss Manufacturing 2
Used Car Dealers 5
Used Merchandise Stores 5
Veterinary Services 7
Video Tape and Disc Rental 2
Warehouse Clubs and Supercenters 1
Wholesale Trade Agents and Brokers 3
Wired Telecommunications Carriers 3
Women's Clothing Stores 20

Have You Considered Buying an Existing Foley Business?

If you have some capital to play with, you may want to Buy a Business in Alabama. Follow that link and you may find several good businesses for sale in Foley.

Before buying a business, be sure to read this article: Buying a Business.

Selecting a Name For Your 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: Naming a Company.

As a final piece of advice, remember that because you are starting a business in Foley, it's critical that you ensure that no other Alabama company is using the business name you want to use.

Don't Skip the Business Plan

Having a business plan is vital in maximizing the prospects of your new company. Simply put, a business plan is a written description of the future you envision for your business. Failure to write a business plan makes you more prone to becoming a business failure statistic.

To learn more about business plans, read Business Plan Contests. You should also take advantage of free counseling sessions provided by your local SCORE chapter in Alabama.

Where to Get Money to Start a Company

Getting your Foley business the capital it needs to succeed is not an easy task. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.

Take advantage of our many articles on raising capital, such as 504 Loans.

For Foley entrepreneurs on the hunt for startup funding, we have assembled a List of Alabama Angel Investors and our List of Alabama Venture Capital Firms.

Promoting Your New Company

Whether your goal is to attract Foley customers or you plan on selling elsewhere, you need a great marketing plan.

You can learn quite a bit about marketing on our site. Billboard Advertising Best Practices is an article that will stimulate a few thoughts on your marketing plan. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.

Next Steps

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

From this point on, you control your own destiny.

This site is all about helping entrepreneurs in Foley and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Foley, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Foley, Alabama

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

  • Resources for Foley, Alabama Entrepreneurs - Browse a variety of resources we've collected to assist Foley entrepreneurs.
  • Alabama Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Alabama.
  • Alabama Small Business Development Center - Alabama's Small Business Development Center (SBDC) counsels and trains business people in a wide variety of business topics and provides comprehensive information services and access to experts in many fields. Counseling is provided free of charge to all Alabama small business owners.
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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