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.
Businesses
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.
Businesses
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.
- Resources for Woodbury, Tennessee Entrepreneurs - Browse a variety of resources we've collected to assist Woodbury entrepreneurs.
- Tennessee Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Tennessee.
- Tennessee Small Business Development Center - If you are a small business owner, entrepreneur or you are thinking about starting a new business, the Tennessee Small Business Development Center (TSBDC) is ready to help you every step of the way!
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