Do you live in a Hispanic town or you want to start a business targeting Hispanics? If YES, here are top 10 lucrative small business ideas for Hispanic community.
If you want to make good returns on your investment as an entrepreneur, then you must develop products and services that meet the needs of a group of people or perhaps the average human on earth. You could tailor your service or goods to meet the needs of Christians or you could tailor services and goods to meet the need of Hispanic community et al.
For the purpose of this article, we will discuss the business ideas that can thrive pretty well in the Hispanic community. As a matter of fact, the Hispanic community is the fastest growing community in the united states of America and according to 2010 census, the Hispanics accounted for over half of the growth in United States of America. It is important to also mention the fact that well over 90 percent of Hispanic people are Roman Catholic.
Hispanic community is a community which has a historical link to Spain; they can be found in any part of the word, but the largest community of Hispanic people outside their home country can be found in The United States of America.
These groups of people have their own culture and way of life. When compared to other ethnic group in the US, the Hispanic family maintains a very close – knit group. Going by the population of the Hispanic community in the US, there is no doubt that they have high purchasing power and they can indeed influence the US market.
Now let us consider 10 profitable business ideas for Hispanic community;
Top 10 Lucrative Small Business ideas for Hispanic Community
Most migrants from Spanish speaking countries struggle with the English language; only few of them can speak English fluently. So, if you are looking towards starting a viable and profitable business in a Hispanic community, then you should consider starting English Language School; a place where Hispanic people with little or no English speaking skills can learn how to speak and write English language fluently.
Besides setting up a regular school, you can also offer home service. It is a good way of reaching out to busy people who may not have the time to attend your language school.
Hispanic community has one of the fastest growing communities in the US and they are known to be hardworking folks. If you are thinking of starting a business in any Hispanic community in the US, then you should consider opening a daycare centre.
You will sure do pretty well with your daycare centre if you can speak both English and French Fluently. Although, most Hispanic parents want their children to continue to speak their native language (Spanish), they also want them to be good with English language.
Another viable and highly profitable business that you can start in a Hispanic community is opening a Restaurant that serves Latino cuisines; delicacies like tacos, encebollao, gandule rice enchiladas, burritos, quesadillas and fajitas et al.
If you have the interest in the media industry, one of the viable and profitable businesses that you can successfully start in a Hispanic community is to open a radio station with Spanish language as the means of communication. Hispanic people will tune into your radio station once they know that they can listen to rich collections of Latino music, and also get on the go information about their community and perhaps their home country.
If you are looking to start a small business that is not capital intensive in a Hispanic community, then you should consider opening a groceries store. Just ensure that you choose nice location and also ensure that your store is well stocked with the items that are in high demand in Hispanic communities.
Bookshop and stationary business is yet another viable and profitable business that an entrepreneur can start in a Hispanic community. The truth is that, if you sell religious books items especially of the Roman Catholic faith, you are sure going to attract loads of clients.
7. Hospital and Maternity-: If you are medical doctor, you can consider setting up a hospital and maternity centre in a Hispanic community. It is a thriving business and you won’t struggle to get clients per time.
Hispanic ethnic group have the highest numbers of obese people in the United States of America and that is the reason why they patronize fitness clubs and nutrition centers. If you are a member of the American Council for Fitness & Nutrition, then you should consider starting your own fitness club and nutrition centre in any Hispanic Community of your choice. You are sure going to get good returns on your investment.
Another thriving business that you can successfully start in a Hispanic community is a Music and Dance School; a place where Hispanic parents can send their wards to learn their cultural dance steps like Salsa, Mambo, Tango / Flamenco and Cha – Cha.
10. I.T. One Stop Shop
Lastly, one of the highly thriving businesses that you can setup in a Hispanic community is an I.T. one stop shop. A place where people can purchase their I.T. gadgets, download stuffs, buy computer and mobile phones accessories, repair their computers, mobile phones, cameras and other I.T. gadgets.
The truth is that if your I.T. shop is indeed a one stop shop, then you will always smile to the bank because you are sure going to attract loads of clients per day especially if your shop is centrally located in a Hispanic community.
There you have it; the 10 profitable business ideas for Hispanic community.