Do you have the entrepreneurial itch? Owning a small business is a dream for a lot of people. If you do have the craving, you should go for it!
Location
The first thing you hear about starting a small business is that it’s all about location, location, location. Orlando, FL, is one of the top places to start a small business.
The south not only has a thriving business climate and relatively low cost of doing business, but it’s amongst the highest start-up rates in the United States. Orlando is just one of nine southern cities in WalletHub’s top 10, showing that startups in the south boast more favorable conditions than those in the north.
Orlando has made recent efforts to cultivate early-stage startups by opening accelerator programs, new seed funds, and co-working spaces.
Top 5 Businesses to Start in Central Florida
While doing much research, we have discovered that there are many opportunities to start new businesses in Central Florida. We are going to share with you our top 5 suggestions:
Retail
Retailing is not an innovative business idea, but it is still thriving (as long as the economy keeps thriving). If you have excellent marketing skills, you can choose a niche (something you want to specialize in) and start your retail business. If you build trust with manufacturers, they may give you goods on credit that you pay for later.
Food Truck
Do you like to cook and serve others? Then the food truck business might be for you! The food truck industry is growing at an alarming rate. In 2015, the industry’s total revenue was $1.2 billion, with a five-year increase of 12.4%.
For those with big culinary dreams but small risk tolerance, food trucks are an attractive alternative to restaurants. Food trucks are less expensive to start and operate than a restaurant. And the failure rate of food trucks is much lower than traditional restaurants because you can drive to a busy location.
Social Media
As the Internet landscape broadens, businesses are looking for more highly specialized advice. If you’re an expert in the social media fields (Facebook, Twitter, Snapchat, Instagram, etc.), there is no doubt that you can make good money.
As a social media consultant, you will need to make sure you are up on the latest information and algorithms as they change all the time. However, you need to remember is if you aren’t making your client any money, you won’t be making any money either.
Pet Business
If you have a love for animals, starting up a pet business is a great idea, with very low start-up costs. If you love cats and dogs, start a grooming business. You may even be able to do this in the comfort of your own home.
Do you have a passion for dogs and making sure they are obedient? Become a dog trainer. There is always a need for professional dog trainers because most dog owners don’t have time to train their new furry companion.
Petting sitting is also a great small business to own. Floridians, along with other people, like to travel and many times their furry or feathered companions can’t join them. You can have the pets come to stay with you at your home, or the customer may prefer to leave their fur-baby at home, and you just need to go hang out with them and also feed and water them on their scheduled times.
Delivery Service
A lot of brick-and-mortar businesses know how essential it is to take their business online so, many of the local stores are looking for a delivery or courier service.
Courier and delivery services — both local and long-distance — are essential in any economy, because time-sensitive products and materials always need to be transported from place to place.
If you can make deliveries in tight schedules, in all weather conditions, and even on holidays, you are sure to exceed starting a delivery service. And remember, word of mouth is the best marketing for growing this type of business; so make sure you are always asking for referrals once you begin collecting happy customers.
We at ReachOut Business Solutions want to make sure that your brand new small business in Central Florida starts off on the right foot. We are a small business consulting firm where we treat our clients like family and not like robots. Be sure to like and follow us on Twitter, LinkedIn, and Facebook so that you can stay up-to-date on all our current blogs. Feel free to email us if you have any questions or are ready to set up your consultation.
