5 Reasons to Start a Business in Franklin, Tennessee

5 Reasons to Start a Business in Franklin, Tennessee

by Katie Conroy of advicemine.com

You have probably heard that location is the most important thing to consider when purchasing real estate. It is also one of the most important factors when starting a business. Smaller cities like Franklin might not always be the first to come to mind when people think of great places to start or relocate a business, but as a smaller city in the Nashville metropolitan area, Franklin has a lot to offer.

1. Small Town Values With Big City Amenities

• According to recent data, Franklin has a population of around 80,675. However, its proximity to the Nashville metropolitan area provides you with easy access to one of the largest cities in the South. Franklin’s supportive community of local business owners, city leaders, and loyal customers are sure to provide plenty of inspiration for your business venture and support to get you through any tough times. You should also have no trouble finding mentors willing to show you the ropes and organizations to help you get started

1. Williamson County Chamber of Commerce and Economic Development.  

2. Downtown Franklin Association

2. Cost of Living

• In general, Tennessee has a low cost of living, and it’s home to many major corporations. However, the cost of living in Franklin is higher than the state average. The city’s housing costs are among the highest in the state, and its healthcare and child care costs are also above average. Despite these challenges, Franklin is still a great place to start a business. The city has a highly educated workforce, and being so close to Nashville gives businesses access to a large market. 

3. Educated Workforce

• Franklin enjoys a highly educated workforce. The city has a large number of college graduates, and the majority of residents have some college experience. This makes Franklin an attractive location for businesses looking to relocate or expand. 

• In addition, the city has a low unemployment rate and a high median household income. This combination of factors makes Franklin an ideal place to live and work. The city’s schools are also highly regarded, and the community offers a variety of cultural and recreational activities. As a result, Franklin is an excellent choice for those looking for a well-rounded community in which to live and work.

4. Great Place to Live

• Franklin isn’t just a great place to run a business.  Access to cultural events, educational opportunities, parks, shopping, and great places to eat make this area an enjoyable place to live. These amenities attract residents which means a larger pool of workers and customers for your business.

• Franklin, Tennessee is a historic city located just south of Nashville. The city is home to a variety of businesses, restaurants, and cultural attractions. For those considering a move to Middle Tennessee, here are some of the top things to do in Franklin and the surrounding area:

1.  Visit the Carter House and Carnton Plantation: These two historic sites are located just outside of Franklin in the town of Thompson’s Station. The Carter House was the site of intense fighting during the Battle of Franklin in 1864, while Carnton Plantation served as a field hospital for Confederate soldiers. Today, both sites offer tours and educational programs that provide visitors with a glimpse into the city’s rich history.

2. Downtown Franklin is home to a variety of shops, restaurants, and other businesses. The Main Street area is especially popular with visitors, as it is lined with historic buildings and homes. In addition, Downtown Franklin hosts a number of events throughout the year, including the annual Pumpkinfest celebration and various music festivals at Liberty Hall.

5. Resources to Get Started

• To start your new business, you must choose a name, register your business, choose a formation type, find funding, choose a location, get licenses and permits and hire employees. These resources can help you get started.

1.  City of Franklin, TN website

2. Small Business Administration

• Additionally, you need a great logo for your website and marketing materials. You can make a logo for free instead of paying for design services. All you need to do to produce a great company logo design is choose a style and icon, add your text and then adjust the fonts and colors.

If you are looking for a great place to live and run a business, look no further than Franklin, Tennessee. This upcoming region is sure to help your business become a success. And if you’re looking to buy a home, local real estate expert Michelle Hsu can connect you with exclusive listings so you find the perfect property to call home.