Florida is a wonderful spot to start a new company since it has no state income tax. It is also the third-largest state in the nation, with a population density of about 400 people per square mile and a population of over 21 million people. You probably won’t have to go far to establish yourself and discover the perfect opportunity and clients to sustain your firm. Florida is also a major tourist destination, with 131 million visits in 2019 (pre-COVID) and about 60 million visitors in the first half of 2022. In the state, there are several prospects to launch a successful small company. The following are some of the top small business ideas in Florida:
Food Truck or Restaurant
Florida has a rich cultural heritage and an ethnically varied population, including people from the Caribbean, South America, Europe, and transplants from all over the country. Greek, Cuban, Columbian, Chinese, and South Asian cuisines are available, as well local specialities such as seafood and BBQ. As a result, the state is suitable for small enterprises looking to start a restaurant or food truck.
Gardening or landscaping
Let’s face it, when your state is renowned as the Sunshine State, your houses are destined to feature lush gardens and beautiful lawns. Taking care of the exterior of a house is also a lot of labor that many people would prefer delegate to someone else, such as a landscaping and gardening service. And investing in real estate pays off since it improves the curb appeal of houses while also adding value to areas.
Care for the Elderly
The good news is that people are living longer lives, and Florida is one of the destinations where many people want to spend their senior years. Having said that, there are other options to join this market and give assistance and services to elders, such as transportation, shopping, and even private nurses and home health care.
Tours on Demand
As previously said, Florida is a popular vacation destination for nearly 100 million Americans each year, and not everyone may want to have Disney on their schedule. Customized tours, surrounded on three sides by water and rich in natural beauty, may draw a significant portion of business. Consider fishing adventures, scuba diving, Everglades airboat rides, day trips to Key West, and shopping tours in Miami.
Organic fruits, vegetables, and dairy products are in high demand, and Florida provides the ideal environment for starting an organic agricultural company. If you want to reduce your carbon impact and work with nature, this may be the place to start your company.
Florida has 200,000 realtors, and business is growing! The average home’s sales price climbed by 28.8 percent in July 2023 compared to June 2021, indicating a strong market. This demonstrates that Florida is still a highly coveted area with a high value and property management companies continue to be popular businesses in Florida and promoting a Real Estate business is usually not that difficult.