Did you know that some of the most successful and thriving businesses launched in the middle of small-town USA? Small towns provide a lucrative business opportunity for aspiring entrepreneurs. Furthermore, Forbes notes that when you start a business in a small town, you can reap benefits such as larger and more affordable office space and a relaxed, laid-back feel. Even so, starting a small town business still requires careful research and a thorough understanding of your location.
If you’re interested in starting a small town business, but you’re unsure of what kind of business you’d like to launch, here are a few options to consider.
Whether you’re selling cookies, pastries, freshly-baked bread, or specialty cakes for birthday parties and weddings, you’ll discover that a bakery is a lucrative business in a small town. Depending on the sort of baking you intend to venture into, this business may need some training.
A bakery might not need a huge marketing budget, either. Why? Because your employees and former clients can help drive the company through a word of mouth! Each wedding or birthday cake is being transported to an event, and events have lots of people—AKA potential clients. Therefore, it’s important for you to try and make every cake special.
2. Tutoring Services
All towns have schoolchildren, and if there are learners who need further help after school, a tutoring business can be supportive for both children and their parents. A tutoring business is especially fit for those who want to give back and grow their community.
You can open your tutoring business to supply services to learners ranging from the elementary level to high school and beyond. Pick subjects that you’re conversant with and passionate about, and you might easily link to school children in need of help.
3. Hair Salon or Barbershop
Although your town probably has a few salons or barbershops already, that shouldn’t discourage you. It might even work to your advantage—if you research that market subsector thoroughly. For instance, if the available salons or barbershops serve the needs of one demographic only, you can start catering to the needs of other demographics.
Furthermore, you can open a business that offers more than just haircuts. Explore other opportunities such as massage, professional makeup services, manicures, and pedicures. When shopping for barber chair or salon equipment, consider working with a reliable supplier who understands how difficult it can be getting your feet off the ground. keller4salon by Keller International is one of the most prominent industry players. What’s more? The company started inside a small garage and grew into a leading supplier of high-quality salon equipment and barber chairs in the United States. Businesses who started out as small-town suppliers, like Keller International, will better understand your pains and worries of starting a business and acquiring supplies. They might offer you guidance and excellent discounts on their products.
A pharmacy or drugstore requires more preparation—from employing a pharmacist to obtaining insurance and setting up security precautions. However, if there isn’t a pharmacy in your local town, it can be an excellent opportunity to start one.
A pharmacy can be an excellent small town business idea if you’re a trained pharmacist or if you’re involved in the community medical work. A drugstore is undoubtedly vital in every town; however, if you choose to start an independently-owned drugstore, be cautious of competing with large chain pharmacies.
Franchising means you don’t have to build a business venture from scratch by providing an initial investment. Instead, franchise owners are like agents of a brand. You open a shop and take care of things such as staffing and overhead expenses. The corporate end of the franchise offers metrics for success, marketing materials, and inspect your site regularly to certify it meets brand standards.
Try googling “franchises for sale near me“—the low-cost franchise opportunities that show up might surprise you. You’ll still be required to pay a franchise fee to the company that allows your franchise to operate, though.
6. Dry Cleaner
Even most countryside small town has residents who need professional cloth cleaning services. Furthermore, starting the first dry cleaning company in a small remote city means less completion, giving you a leeway to charge relatively higher than similar businesses in big towns. According to Statista, the dry cleaning sector in the US will total to $ 5.2 billion— this is undeniably a stable sector for new small business owners.
Are you a resident of a small-town community? If so, explore the possibility of the above business ideas thriving in your area.