Missouri Business Startup Guides
Open a Business in Memphis, Missouri
Need help starting a business in Memphis, Missouri? We've got the information you need to open a business in Memphis.
Are You Ready for Life as an Owner?
Running your own business is hard work, much more challenging than working as an employee. Are you positive you want to go into business for yourself?
Because entrepreneurship is not for everyone, we recommend you do the following to help you assess whether you should move forward with starting a business:
- Talk to other entrepreneurs in Memphis. Listen closely to their experiences and see if you think you too can be successful.
- We recommend reading Characteristics of Successful Entrepreneurs. For aspiring new entrepreneurs, it's a must read article.
- Seek the advice of somebody who knows you well. Ask them directly: Do I have what it takes to be an entrepreneur? Listen carefully to their answer, as they presumably know your strengths and weaknesses.
What Business Are You Starting?
An important decision is what kind of business you want to start. To stir your creative juices on what kind of business to start, take a look at Finding Your Niche in Life.
For in-depth how-to guides on how to start specific businesses, browse our Good Businesses to Start section of our site. For example, you might be interested in our Starting a Fabric Outlet guide or our How to Start a Snow Grooming Equipment Sales & Service Business guide.
Remember that your new startup will be located in Memphis. Think about what needs are currently being underserved in Memphis. Make sure you fully understand Memphis demographics before you lock in on your business idea.
Memphis, Missouri Demographic Information
Memphis has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Memphis demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Memphis.
Businesses
As a new Memphis entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Memphis 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
Is a Franchise Opportunity Right For You?
As you drive around Memphis, it's apparent that franchising has become a very popular way to start a business. But is franchising the right option for you?
Most business experts recommend that you consider franchising as an option. We have many articles on franchises, such as Franchising My Business. Become a franchising expert of sorts by reading more of our Articles on Franchising.
You can review hundreds of franchise opportunities by browing our Franchise Directory.
Sample franchise opportunities include Foot Solutions and KID-FIT. Alternatively, you can browse franchise categories, such as Video and Photography Franchises and Hardware Store Franchises.
Note on Memphis Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Memphis.
Marketing Your New Business
To rise above the crowd in Memphis and advance your business, having an excellent marketing plan is fundamental to your business achieving its goals.
You can learn quite a bit about marketing on our site. Local Search is an article that will stimulate a few thoughts on your marketing plan. That's just a taste of the many useful articles we have on Marketing a Small Business.
The Art of Selling
Do you know how to sell? In order to attract customers to your new Memphis business, you need to focus on sales.
Why should customers buy from you instead of buying from competitors? Let us help you refine your selling techniques through our many useful sales advice tips.
Why Salespeople Fail is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.
Never Give Up
As an entrepreneur in Memphis, 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 Memphis and throughout the United States . We want to be there for you to answer your business questions, whether you are a new Memphis 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 Memphis, Missouri
Here are more links that we believe will help you be successful in starting a business in Memphis.
- Resources for Memphis, Missouri Entrepreneurs - Browse a variety of resources we've collected to assist Memphis entrepreneurs.
- Missouri Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Missouri.
- Missouri Small Business Development Center - Missouri Small Business Development Center business specialists are uniquely qualified to help small businesses get started, develop and thrive.
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