Tennessee Business Startup Guides

Open a Business in Woodbury, Tennessee

Need help starting a business in Woodbury, Tennessee? We've got the information you need to open a business in Woodbury.

Will You Be a Good Entrepreneur?

Most new businesses fail, in part because the business owner did not have the tenacity and/or the skills to succeed. So, before jumping into the world of entrepreneurship, 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:

  • Speak with other entrepreneurs in Woodbury. They are usually very willing to share their insights on the ups and downs of being an entrepreneur.
  • You should read Starting a Company. It's a good read for those who are thinking about becoming an entrepreneur.
  • Talk it over with a close friend or partner. Others sometimes know you better than you know yourself.

Woodbury, Tennessee Demographic Information

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

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

Business Size
# of
Businesses
1-4 Employees
1872
5-9 Employees
624
10-19 Employees
432
20-49 Employees
216
50-99 Employees
24
100-249 Employees
48
250-499 Employees
0
500-999 Employees
0
1000+ Employees
0
All Woodbury Businesses
3216

As a new Woodbury entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Woodbury 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
Beauty Salons
1
Boat Building
1
Business Associations
2
Child Day Care Services
2
Drafting Services
1
Electric Power Distribution
1
Fitness and Recreational Sports Centers
1
Framing Contractors
2
Full-Service Restaurants
4
Funeral Homes and Funeral Services
2
Furniture Stores
2
General Automotive Repair
2
General Freight Trucking, Local
1
General Warehousing and Storage
1
Grantmaking Foundations
1
Home Centers
2
Industrial Mold Manufacturing
1
Insurance Agencies and Brokerages
4
Janitorial Services
1
Jewelry Stores
1
Livestock Merchant Wholesalers
1
Machine Shops
2
Museums
1
New Car Dealers
2
Newspaper Publishers
1
Nursing Care Facilities
1
Office Administrative Services
2
Offices of Chiropractors
2
Offices of Dentists
2
Offices of Lawyers
2
Offices of Optometrists
1
Painting and Wall Covering Contractors
1
Pharmacies and Drug Stores
3
Radio Networks
1
Residential Remodelers
1
Roofing Contractors
1
School and Employee Bus Transportation
1
Site Preparation Contractors
2
Software Publishers
1
Tax Preparation Services
2
Title Abstract and Settlement Offices
1
Used Merchandise Stores
1
Video Tape and Disc Rental
1
Wholesale Trade Agents and Brokers
1
Wood Container and Pallet Manufacturing
1

Is Buying an Existing Woodbury Business a Good Strategy?

An excellent way to get started in business is to Buy a Business in Tennessee. Follow that link and you may find several good businesses for sale in Woodbury.

If you are headed down the path of buying a business, you may want to read this article: How to Buy a Business.

The Role of the Business Plan

Having a business plan is essential in laying a solid foundation for your business success. Simply put, a business plan describes what you plan to do with the business and how you plan to do it. Starting a business without a business plan makes you more prone to becoming a business failure statistic.

To learn more about business plans, read Business Plan Contests. A great resource for business planning assistance is the free business counselors available to you through your local SCORE chapter in Tennessee.

Raising Money for Your New Venture

Getting your Woodbury business the capital it needs to succeed will be harder than you might expect. If you don't have a rich uncle to fund you, you'll need to be creative in how you approach your fundraising efforts.

Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled 504 Loans.

For Woodbury entrepreneurs who want to raise money for a new venture, you'll want to take a look at our List of Tennessee Angel Investors and our List of Tennessee Venture Capital Firms.

Promoting Your New Company

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

There are myriad resources on this site to help you with your marketing plan. Making the Most of Trade Shows discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.

What's Next?

Most new Woodbury businesses underestimate the number of challenges they will face.

If you choose the right business and love what you do, you will greatly increase your odds of success.

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

More Entrepreneurial Resources for Starting a Business in Woodbury, Tennessee

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

Starting-a-Business Guides for Other Cities in Tennessee

Starting a Business in Winchester

Browse All Business Startup Guides for Tennessee
Starting a Business Guides for Other States

 

 

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