August 6, 2020  
 
  Entrepreneurial Resources - Advice for Tennessee Entrepreneurs  
  Mount Juliet, Tennessee Resources for Entrepreneurs  
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Opening a Business in Mount Juliet, Tennessee

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

Are You Sure You Want to Do This?

Running your own business is difficult, much more arduous than working as an employee. Are you positive you are ready to take on this challenge?

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 Mount Juliet. Ask them candidly what it's like to run a 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. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.

What Business Are You Starting?

An important decision is what kind of business you want to start. To help you decide on a business type, we encourage you to read Business Ideas That Don't Make Sense.

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 Opening a Junior High or Middle School guide or our Starting a Poultry Wholesale Business guide.

Remember that starting a business in Mount Juliet has some implications. The business you want to start may already be well-represented in Mount Juliet. Make sure you fully understand Mount Juliet demographics before you lock in on your business idea.

Mount Juliet, Tennessee Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 1193
5-9 Employees 333
10-19 Employees 222
20-49 Employees 135
50-99 Employees 60
100-249 Employees 21
250-499 Employees 6
500-999 Employees 0
1000+ Employees 0
All Mount Juliet Businesses 1970

As a new Mount Juliet entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Mount Juliet 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
Air and Gas Compressor Manufacturing 1
Ambulance Services 1
Amusement Arcades 1
Appliance Repair and Maintenance 1
Architectural Services 1
Automotive Parts and Accessories Stores 4
Automotive Transmission Repair 1
Beauty Salons 8
Boat Dealers 1
Book Publishers 1
Business Associations 2
Cafeterias 2
Car Washes 1
Carpet and Upholstery Cleaning Services 1
Caterers 2
Cemeteries and Crematories 1
Child Day Care Services 12
Children's and Infants' Clothing Stores 1
Commercial Lithographic Printing 2
Commercial Photography 1
Commercial Screen Printing 1
Community Food Services 1
Computer and Software Stores 1
Computer Systems Design Services 2
Consumer Lending 1
Convenience Stores 4
Custom Compounding of Purchased Resins 1
Custom Computer Programming Services 1
Diagnostic Imaging Centers 1
Direct Title Insurance Carriers 7
Discount Department Stores 1
Document Preparation Services 2
Drafting Services 1
Drywall and Insulation Contractors 1
Electric Power Distribution 1
Electrical Contractors 12
Electronic Shopping 2
Engineering Services 3
Exam Preparation and Tutoring 1
Finish Carpentry Contractors 2
Fitness and Recreational Sports Centers 5
Floor Covering Stores 2
Flooring Contractors 1
Florists 1
Food Service Contractors 2
Framing Contractors 1
Freight Transportation Arrangement 3
Fruit and Vegetable Canning 1
Full-Service Restaurants 8
Funeral Homes and Funeral Services 1
General Automotive Repair 6
General Freight Trucking, Local 2
General Rental Centers 1
General Warehousing and Storage 2
Gift, Novelty, and Souvenir Stores 1
Golf Courses and Country Clubs 2
Hobby, Toy, and Game Stores 1
Home Furnishing Merchant Wholesalers 1
Home Health Care Services 1
Homes for the Elderly 2
Industrial Building Construction 1
Insurance Agencies and Brokerages 10
Investigation Services 1
Janitorial Services 8
Jewelry Stores 2
Land Subdivision 1
Landscape Architectural Services 1
Landscaping Services 20
Lessors of Other Real Estate Property 2
Limited-Service Restaurants 20
Machine Shops 3
Mail-Order Houses 2
Marinas 3
Marketing Consulting Services 1
Masonry Contractors 4
Meat Markets 2
Mineral Wool Manufacturing 1
Mortgage and Nonmortgage Loan Brokers 1
Motor Vehicle Metal Stamping 3
Motorcycle Dealers 1
Music Publishers 1
Musical Groups and Artists 3
Musical Instrument and Supplies Stores 2
New Housing Operative Builders 2
Newspaper Publishers 1
Nonresidential Property Managers 2
Nursing Care Facilities 1
Office Administrative Services 1
Office Equipment Merchant Wholesalers 1
Offices of Certified Public Accountants 4
Offices of Chiropractors 3
Offices of Dentists 5
Offices of Lawyers 3
Offices of Optometrists 3
Offices of Real Estate Appraisers 3
Packaging and Labeling Services 1
Packing and Crating 2
Painting and Wall Covering Contractors 1
Pet and Pet Supplies Stores 1
Pet Care (except Veterinary) Services 3
Pharmacies and Drug Stores 4
Photography Studios, Portrait 2
Plate Work Manufacturing 1
Professional Employer Organizations 1
Professional Organizations 1
Public Relations Agencies 1
Ready-Mix Concrete Manufacturing 2
Real Estate Credit 10
Remediation Services 1
Repossession Services 1
Residential Property Managers 3
Residential Remodelers 9
Reupholstery and Furniture Repair 1
Roofing Contractors 5
Securities Brokerage 1
Security Guards and Patrol Services 1
Sheet Metal Work Manufacturing 3
Siding Contractors 2
Site Preparation Contractors 12
Snack and Nonalcoholic Beverage Bars 2
Soap and Other Detergent Manufacturing 1
Software Publishers 1
Sports and Recreation Instruction 1
Storage Battery Manufacturing 1
Tax Preparation Services 2
Television Broadcasting 2
Temporary Help Services 1
Testing Laboratories 2
Tile and Terrazzo Contractors 4
Tire and Tube Merchant Wholesalers 1
Tire Dealers 1
Title Abstract and Settlement Offices 1
Tour Operators 1
Travel Agencies 1
Used Car Dealers 1
Used Merchandise Stores 3
Vending Machine Operators 2
Veterinary Services 4
Video Tape and Disc Rental 2
Wholesale Trade Agents and Brokers 13
Wired Telecommunications Carriers 2

Have You Considered Franchising?

As you drive around Mount Juliet, you'll see that franchises make up a large percentage of local businesses. But is franchising the right option for you?

Our advice is to investigate buying a franchise. We have many articles on franchises, such as Franchising Mistakes. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.

To learn about specific franchise opportunities, check out our Franchise Directory.

Representative franchise opportunities include Strickland's and Beauty Brands Salon Spa Superstore. Alternatively, you can browse franchise categories, such as Ice Cream Franchises and Pest Control Franchises.

Note on Mount Juliet Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Mount Juliet.

Forming a Company in Mount Juliet, Tennessee

It's very important that you are forming a legal entity that operates independently from you. Doing so will shield 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.

Incorporation is a very popular way to form a business. 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. In fact, you are allowed to 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. We recommend you read some of the educational articles about company formation that are availabe on our site, such as LLC Advantages. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Mount Juliet, Tennessee, our information on Incorporating in Tennessee may be a useful resource if you decide to incorporate in Tennessee.

Ramping Up Sales

Do you know how to sell? In order to attract customers to your new Mount Juliet business, you need to focus on sales.

So what does it take to bring in more prospects and close more business? Fortunately, we've got plenty of good advice to help you improve your selling skills.

Mastering the Complex Sale offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.

Interviews With Mount Juliet Entrepreneurs

Enjoy these interviews we've had with Mount Juliet entrepreneurs.

Next Steps

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

From this point on, you control your own destiny.

Our goal here is to promote the vitality and growth of small businesses in Mount Juliet and throughout the United States . We want to be there for you to answer your business questions, whether you are a new Mount Juliet 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 Mount Juliet, Tennessee

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

 

 

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