Texas is not just big; it’s colossal in economic prowess. As of the third quarter of 2021, the state boasted the second-highest Gross Domestic Product (GDP) in the United States, with a staggering figure of $1.836 trillion, trailing only behind California’s $2.853 trillion.
The economic might of Texas isn’t merely a statistic. It’s a living, breathing reality powered by the ambitions and endeavors of its residents.
The Lone Star State’s Economic Supremacy
Currently, the state hosts a remarkable 2.7 million small businesses, collectively employing 4.7 million individuals. With such a robust and dynamic economy, it’s no surprise that Texas is considered one of the most promising places to launch and grow a business.
If you’re harboring dreams of becoming an entrepreneur or expanding your business ventures in the Lone Star State, you’re in the right place.
We’ve compiled a list of 10 business ideas explicitly tailored to the Texan landscape, offering you a glimpse into the myriad opportunities waiting for you.
- Real Estate
Texas is not just big; it’s colossal in economic prowess. As of the third quarter of 2021, the state boasted the second-highest Gross Domestic Product (GDP) in the United States, with a staggering figure of $1.836 trillion, trailing only behind California’s $2.853 trillion.
If you’re eyeing a slice of the thriving Texas real estate market, you must start by obtaining a license. The prerequisites are straightforward: be above 18 years old and complete 180 hours of relevant education to qualify for the state real estate exam.
Consider securing a sponsoring broker to gain invaluable on-the-job experience once you pass the exams and embark on your real estate journey.
- Gift Shop
Gift-giving is a timeless tradition, and Texans love celebrating special occasions. Starting a gift shop can be lucrative, mainly if you cater to local tastes and employ creative marketing strategies. The key here is to curate diverse items that resonate with your community.
- Coffee Shop
Texans have an affinity for coffee, with an average consumption of 1.87 cups per person per day in 2020.
Capitalize on this trend by venturing into the coffee shop business. You have multiple options: consider starting from scratch, acquiring an existing coffee shop, or joining a reputable franchise. Your choice should align with your business vision and willingness to navigate different difficulty levels.
- Cleaning Service
Many people find cleaning chores taxing and are willing to pay for professional cleaning services.
This business doesn’t demand substantial capital; it relies on your cleaning skills and supplies. Starting small with household and small-area contracts can be your initial step, with the potential for expansion as your client base grows. Investing in advanced cleaning equipment and recruiting employees or partners can further elevate your business.
- Freelance Writing Business
The freelance writing industry has experienced significant growth, especially with the pandemic prompting many businesses to seek freelance talent. With 59 million people in the United States engaging in freelance work in 2020, opportunities abound. Begin by identifying your niche and establishing a compelling writing portfolio.
If you’re new to the field, freelance job sites can be a stepping stone. Clients naturally gravitate toward your services as you build your reputation through quality work and effective marketing.
- Daycare
For those passionate about childcare and education, opening a daycare center is a fulfilling venture.
However, it entails meticulous planning and adherence to licensing requirements. Securing the right location, equipment, staff, and compliance with Texas state childcare regulations are critical steps in establishing a reputable daycare center.
Read more: Economic Boost For Homeowners: New York State Residents Await September Windfall
- Pet Grooming
If you’re an animal enthusiast with the expertise to care for pets, pet grooming could be your calling. Start by offering your services from home and gradually expand to a dedicated location once your business gains momentum.
Ensure you and your staff possess the necessary training and equipment to cater to various types of pets.
- Aerial Photography
Drone photography is experiencing a surge in popularity, providing a unique perspective on Texas’s breathtaking landscapes and everyday scenes.
To operate commercially, you must pass the FAA Aeronautical Knowledge Test and obtain a Remote Pilot Certificate, adhering to drone laws in Texas.
- Blogging
Monetizing blogs has become increasingly viable, with professional bloggers reporting substantial profits. Creating your blog or website is more accessible than ever. However, success in this saturated market demands a unique focus or niche and consistently delivering valuable, high-quality content to engage readers.
- Food Delivery Service
The pandemic has transformed dining habits, with many restaurants offering limited indoor seating or opting for exclusive delivery services.
This has led to a surge in demand for food delivery. Whether you plan to prepare food yourself or partner with restaurants, this business model offers room for creativity and growth, provided you fulfill a need within your community.
As the saying goes, “Everything is bigger in Texas,” including the opportunities for entrepreneurship and business success. These ten business ideas are just the tip of the iceberg in the vast Texan landscape, where innovation and determination can propel you to new heights.
Whether you’re a Texan by birth or a newcomer eager to harness the state’s economic potential, the Lone Star State welcomes your entrepreneurial spirit with open arms and boundless possibilities.
Read more: Top 10 Entry-Level Jobs In The US With The Highest Earning Potential
