Tennessee Business Startup Guides
Open a Business in Franklin, Tennessee
Need help starting a business in Franklin, Tennessee? We've got the information you need to open a business in Franklin.
Do You Have What It Takes?
Most new companies do not succeed, in part because the founder did not have the tenacity and/or the skills to succeed. So, before you start your business, consider all of the implications of being an entrepreneur.
To determine whether you have what it takes to run a business, we recommend these three steps to help you decide:
- Talk to other entrepreneurs in Franklin. Get their candid feedback on what it takes to start a successful business.
- We recommend reading Should You Become an Entrepreneur?. For aspiring new entrepreneurs, it's a must read article.
- Have a candid conversation with friends and family. A support network of family and friends can be a great sounding board for good advice before you decide for sure to go into business.
Franklin, Tennessee Demographic Information
Franklin has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Franklin demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Franklin.
As a new Franklin entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Franklin 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.
Naming the Company
A big decision when starting a company is choosing a company name. Believe it or not, choosing a good company name can be a big contributor to your business success.
We strongly advocate that you make sure the ".com" domain name is available for your company name. Every business needs a strong Web presence these days, and having a non ".com" domain means somebody else may outrank you in the search results for your own company name.
Numerous company naming issues are discussed in more detail in this article: Naming a Business.
On a final note, given that you are starting a business in Franklin, it's imperative that you check now that no other Tennessee company is using the business name you want to use.
Don't Skip the Business Plan
A business plan is vital to the health of your new business. In effect, a business plan is a written description of the future you envision for your business. Starting a business without a business plan is a recipe for disaster.
If writing a business plan is on your to-do list, be sure to read Business Plan Contests. A great resource for business planning assistance is the free counseling sessions provided by your local SCORE chapter in Tennessee.
Marketing Your New Venture
Whether your goal is to attract Franklin customers or you plan on selling elsewhere, having an excellent marketing plan is fundamental to your succeeding.
You can learn plenty about marketing on our site. Advertising on Google discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just a taste of the many useful articles we have on Marketing a Small Business.
How to Improve Your Entrepreneurial Abilities
Successful entrepreneurs recognize that what they know now may not be enough to ensure their future success.
As an entrepreneur who lives in Franklin, Tennessee, you will want to take advantage of the many programs available at nearby Tennessee universities, colleges and community colleges. It's also worthwhile to see if there are any networking organizations for Franklin entrepreneurs.
Now It's Up To You
Most new Franklin businesses underestimate the number of challenges they will face.
Owning your own business will be a daunting task, but you can do it.
This site is all about helping entrepreneurs in Franklin and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Franklin 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 Franklin, Tennessee
Here are more links that we believe will help you be successful in starting a business in Franklin.
- Resources for Franklin, Tennessee Entrepreneurs - Browse a variety of resources we've collected to assist Franklin 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!
Starting-a-Business Guides for Other Cities in Tennessee
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