January 22, 2021  
 
  Entrepreneurial Resources - Advice for Tennessee Entrepreneurs  
  Waynesboro, Tennessee Resources for Entrepreneurs  
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Starting a Business in Waynesboro, Tennessee

Thinking about starting a business in Waynesboro, Tennessee? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Waynesboro.

Will You Be a Successful Entrepreneur?

Most startup ventures do not succeed, in part because the entrepreneur did not have the perseverance and abilities that are necessary to succeed. So, before you open a business, consider all of the implications of being an entrepreneur.

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 Waynesboro. They are usually very willing to share their insights on the ups and downs of being an entrepreneur.
  • We recommend reading Why Small Businesses Fail. For aspiring new entrepreneurs, it's a must read article.
  • Get feedback from somebody whom you trust. Others sometimes know you better than you know yourself.

Choosing the Right Company to Start

There are many businesses that you can start. How do you know which type of business is right for you? We recommend that you read Good Business Ideas.

To view an extensive list of business types, complete with startup instructions, spend some time in the Good Businesses to Start section of our site. For example, you might be interested in our Starting a Fuel Distributors Business guide or our How to Start a Searchlights & Floodlights Retail Business guide.

Don't forget that your new startup will be located in Waynesboro. The business you want to start may already be well-represented in Waynesboro. A critical consideration is whether Waynesboro demographics mesh well with your startup concept.

Waynesboro, Tennessee Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 1015
5-9 Employees 390
10-19 Employees 330
20-49 Employees 195
50-99 Employees 45
100-249 Employees 15
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Waynesboro Businesses 1990

As a new Waynesboro entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Waynesboro 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
Automotive Parts and Accessories Stores 2
Cafeterias 1
Cemeteries and Crematories 1
Child and Youth Services 1
Child Day Care Services 1
Coin-Operated Laundries and Drycleaners 1
Community Food Services 1
Computer and Software Stores 1
Convenience Stores 1
Electric Power Distribution 1
Electrical Contractors 2
Family Planning Centers 1
Flooring Contractors 1
Florists 1
Freight Transportation Arrangement 1
Full-Service Restaurants 7
Funeral Homes and Funeral Services 1
Furniture Stores 2
General Automotive Repair 1
Gift, Novelty, and Souvenir Stores 1
Hand and Edge Tool Manufacturing 1
Hardware Stores 1
Home Health Care Services 1
Insurance Agencies and Brokerages 5
Jewelry Stores 1
Limited-Service Restaurants 3
Linen Supply 1
Livestock Merchant Wholesalers 1
Logging 1
Machine Shops 1
Manufactured (Mobile) Home Dealers 1
Newspaper Publishers 1
Offices of Certified Public Accountants 1
Offices of Dentists 1
Offices of Lawyers 4
Petroleum Bulk Stations and Terminals 1
Pharmacies and Drug Stores 3
Radio Stations 1
Real Estate Credit 1
Sawmills 1
Site Preparation Contractors 1
Snack and Nonalcoholic Beverage Bars 1
Solid Waste Collection 1
Sports and Recreation Instruction 1
Tax Preparation Services 1
Tobacco Stores 1
Used Car Dealers 2
Veterinary Services 1
Video Tape and Disc Rental 1
Vocational Rehabilitation Services 1
Wholesale Trade Agents and Brokers 1
Wired Telecommunications Carriers 1

Have You Considered Buying an Existing Waynesboro Business?

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

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

Naming the Company

A good company name can give a big boost to a new startup. It might seem like an easy thing to do, but there are many things to consider when naming a business.

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: Branding Advice.

As a final piece of advice, remember that because you are starting a business in Waynesboro, it's imperative that you check now that no other Tennessee company is using the business name you want to use.

Marketing Your New Venture

To grow your Waynesboro business, having an excellent marketing plan is fundamental to your successs.

You can learn quite a bit about marketing on our site. Advertising in the Yellow Pages discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just one of the many useful articles we have on Marketing a Small Business.

Selling Tips

Mastering the art of selling is priority one if you want your new Waynesboro business to do well.

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.

Anticipating Prospect Responses offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.

What's Next?

Most new Waynesboro 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 Waynesboro and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Waynesboro, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Waynesboro, Tennessee

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

 

 

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