August 3, 2020  
 
  Entrepreneurial Resources - Advice for Tennessee Entrepreneurs  
  Germantown, Tennessee Resources for Entrepreneurs  
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Opening a Business in Germantown, Tennessee

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

Do You Have What It Takes?

Before you get too far along in the process, consider your entrepreneurial instincts and capabilities.

With so much at stake when you start a business, we strongly recommend you do the following before you proceed:

  • Grab a meal or cofee with other entrepreneurs in Germantown. Get their candid feedback on what it takes to start a successful business.
  • Take a look at The Entrepreneurial Personality. It's a short article but it's a good reality check for those are about to jump into the world of entrepreneurship.
  • Reach out to a trusted acquaintance. 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.

Which Business to Choose?

An important decision is what kind of business you want to start. You might get some good ideas about what kind of business to start by reading Finding Your Niche in Life.

For step-by-step instructions on starting a variety of business types, visit the Good Businesses to Start section of our site. For example, you might be interested in our How to Start a LAN/WAN Devices Business guide or our Starting a Specialty & Fancy Boxes Business guide.

Don't forget that your new startup will be located in Germantown. Some businesses will do better in Germantown than others. A critical consideration is whether Germantown demographics mesh well with your startup concept.

Germantown, Tennessee Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 12446
5-9 Employees 4452
10-19 Employees 3255
20-49 Employees 2436
50-99 Employees 504
100-249 Employees 294
250-499 Employees 105
500-999 Employees 0
1000+ Employees 21
All Germantown Businesses 23513

As a new Germantown entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Germantown 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
Amusement Arcades 1
Architectural Services 3
Art Dealers 2
Automobile Driving Schools 1
Automotive Parts and Accessories Stores 3
Baked Goods Stores 1
Beauty Salons 19
Beer, Wine, and Liquor Stores 6
Blood and Organ Banks 2
Book Stores 1
Building Inspection Services 1
Business Associations 2
Cafeterias 1
Camera and Photographic Supplies Stores 1
Car Washes 1
Carpet and Upholstery Cleaning Services 1
Caterers 2
Child and Youth Services 3
Child Day Care Services 7
Children's and Infants' Clothing Stores 8
Civic and Social Organizations 4
Claims Adjusting 3
Clothing Accessories Stores 3
Commodity Contracts Brokerage 3
Computer and Software Stores 1
Computer Facilities Management Services 1
Computer Systems Design Services 9
Computer Training 1
Confectionery and Nut Stores 1
Confectionery Merchant Wholesalers 1
Consumer Lending 2
Continuing Care Retirement Communities 1
Convenience Stores 1
Convention and Trade Show Organizers 1
Couriers 5
Credit Unions 2
Custom Computer Programming Services 14
Dental Laboratories 1
Diagnostic Imaging Centers 2
Diet and Weight Reducing Centers 1
Digital Printing 1
Direct Life Insurance Carriers 8
Direct Title Insurance Carriers 2
Directory and Mailing List Publishers 1
Discount Department Stores 1
Display Advertising 1
Document Preparation Services 1
Drinking Places (Alcoholic Beverages) 1
Drywall and Insulation Contractors 1
Electrical Contractors 4
Electronic Shopping 2
Elementary and Secondary Schools 4
Employment Placement Agencies 3
Engineering Services 10
Exam Preparation and Tutoring 1
Exterminating and Pest Control Services 1
Family Clothing Stores 7
Farm Supplies Merchant Wholesalers 2
Fine Arts Schools 2
Fish and Seafood Merchant Wholesalers 1
Fitness and Recreational Sports Centers 3
Floor Covering Stores 2
Florists 7
Food (Health) Supplement Stores 1
Food Service Contractors 2
Formal Wear and Costume Rental 1
Framing Contractors 1
Freight Transportation Arrangement 1
Full-Service Restaurants 27
General Automotive Repair 2
General Medical and Surgical Hospitals 1
Gift, Novelty, and Souvenir Stores 12
Golf Courses and Country Clubs 1
Grantmaking Foundations 1
Graphic Design Services 2
Hardware Stores 1
Hat, Cap, and Millinery Manufacturing 1
Hobby, Toy, and Game Stores 2
Home Furnishing Merchant Wholesalers 1
Homes for the Elderly 1
Industrial Building Construction 1
Industrial Launderers 1
Insurance Agencies and Brokerages 31
Interior Design Services 5
Internet Service Providers 1
Investment Advice 2
Janitorial Services 3
Jewelry Stores 5
Land Subdivision 4
Landscaping Services 18
Lessors of Other Real Estate Property 1
Limited-Service Restaurants 23
Limousine Service 1
Luggage and Leather Goods Stores 2
Mail-Order Houses 2
Marketing Consulting Services 5
Media Representatives 1
Medical Laboratories 1
Men's Clothing Stores 1
Miscellaneous Intermediation 1
Mortgage and Nonmortgage Loan Brokers 4
Motion Picture and Video Production 1
Motor Vehicle Towing 1
Motorcycle Dealers 1
Musical Groups and Artists 1
Musical Instrument and Supplies Stores 2
Nail Salons 4
New Car Dealers 1
New Housing Operative Builders 11
Newspaper Publishers 2
Nonresidential Property Managers 2
Office Administrative Services 8
Office Equipment Merchant Wholesalers 1
Office Supplies and Stationery Stores 3
Offices of Certified Public Accountants 9
Offices of Chiropractors 2
Offices of Dentists 33
Offices of Lawyers 21
Offices of Optometrists 4
Offices of Other Holding Companies 1
Offices of Podiatrists 3
Offices of Real Estate Appraisers 6
One-Hour Photofinishing 1
Ophthalmic Goods Manufacturing 1
Ophthalmic Goods Merchant Wholesalers 1
Optical Goods Stores 3
Outdoor Power Equipment Stores 1
Packaging and Labeling Services 1
Paint and Wallpaper Stores 3
Painting and Wall Covering Contractors 5
Periodical Publishers 2
Pet and Pet Supplies Stores 2
Pet Care (except Veterinary) Services 2
Pharmacies and Drug Stores 6
Photography Studios, Portrait 2
Portfolio Management 4
Private Mail Centers 3
Professional Employer Organizations 2
Professional Organizations 1
Public Relations Agencies 1
Quick Printing 2
Radio Networks 1
Real Estate Credit 15
Residential Property Managers 3
Residential Remodelers 9
Rooming and Boarding Houses 1
Sales Financing 1
Scheduled Passenger Air Transportation 1
Securities Brokerage 8
Shoe Stores 3
Site Preparation Contractors 2
Snack and Nonalcoholic Beverage Bars 9
Software Publishers 1
Sporting Goods Stores 7
Sports and Recreation Instruction 5
Tax Preparation Services 1
Telecommunications Resellers 1
Telemarketing Bureaus 1
Telephone Answering Services 1
Temporary Help Services 3
Theater Companies and Dinner Theaters 1
Tire Dealers 1
Title Abstract and Settlement Offices 5
Travel Agencies 2
Used Household and Office Goods Moving 1
Used Merchandise Stores 1
Vending Machine Operators 1
Veterinary Services 4
Video Tape and Disc Rental 2
Wholesale Trade Agents and Brokers 21
Wired Telecommunications Carriers 1
Women's Clothing Stores 16

Should You Buy an Existing Germantown Business?

We've created a helpful website page for those who want to Buy a Business in Tennessee. Follow that link and you may find several good businesses for sale in Germantown.

For anybody who wants to buy a business, we recommend reading this useful article: Buying a Business.

Promoting Your New Startup

Whether your goal is to attract Germantown customers or you plan on selling elsewhere, you'll need to have a good marketing plan.

You can learn quite a bit about marketing on our site. Marketing Versus Sales is a good read to get your marketing ideas flowing. That's just a taste of the many useful articles we have on Marketing a Small Business.

Learning More About Entrepreneurship

Good entrepreneurs recognize that they need to continually improve.

As an entrepreneur who lives in Germantown, 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 Germantown networking organizations.

Now It's Up To You

You have a dream -- starting a business in Germantown. To achieve your dream, you have to persevere, even when the odds are against you.

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

We are here to help Germantown businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Germantown, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Germantown, Tennessee

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

 

 

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