Are you searching for business opportunities in Kentucky? Are you considering starting a business in Kentucky but you simply lack ideas on what business to start? If YES, then i advice you read on as this article will help solve this problem.
Kentucky State has a friendly business climate that supports the rapid growth of not only large businesses, but small businesses as well. If you are looking to start a small business in Kentucky, here are 10 small business opportunities you should consider exploiting.
Top 10 Small Business Investment Opportunities in Kentucky
1. Pet care
Americans are pet lovers. And Kentuckians are no exception; they take care of their pets just as they would their children. And this explains why the pet care industry is one of the most lucrative in the state. As with other states, the demand is always on the high side in Kentucky for pet-related products (such as pet food, pet medications, and pet fancy wears) and services (such as veterinary services, obedience training, pet walking services, and pet sitting services).
Obesity is one of the commonest health problems in the United States. There is widespread awareness of the health risks of obesity as well as the health benefits of keeping fit, so all over the country people are making serious efforts to avoid adding excess weight. So, there is booming demand for fitness products (such as dumbbells, bicycles, running kits, health supplements, and so on) and services (fitness coaching services, gym centers, and so on).
3. Internet marketing
Most businesses are now dedicating a bigger percentage of their marketing budget online marketing campaigns. This is because consumers now spend more time on the web than anywhere else. Among the most in-demand professionals right now are those who pride themselves on being experts in various online marketing techniques such as copywriting, web design, search engine optimization, social media marketing, paid advertising, and so on.
Before now, consumers flocked retail stores to buy the goods they need. But the story has changed. People now prefer to shop online right from the comfort of their homes. This explains why the e-commerce industry is enjoying massive growth—even in Kentucky. A small e-commerce store can start off by catering to a local market (such as Kentucky State), and then expand later. Another option is to start off with a few product lines before divesting into more products.
5. Day care
Mothers love their children, and that’s quite natural. But despite every mother’s strong wish to take good care of her children, tight work schedules and other circumstances of life can make this difficult. This explains why most working class mothers in Kentucky resort to taking their babies to day care centers, where they pay good money to have their children taken care of.
6. Food truck
We all need to eat every day to survive. And this is why food is always in high demand anywhere in the world. However, due to tight schedules and personal preferences, many people prefer eating out than preparing their own food, fetching huge profits for restaurants. However, food trucks are becoming popular due to their mobility; people love it when the favorite delicacies are taken close to their doorsteps. A food trucks costs less to set up than a brick-and-mortar restaurant.
7. Mini transportation
Transportation is another strong need we all need to fill almost every day. This explains why the transportation industry is very lucrative. While entrepreneurs with huge startup capital can establish airline and shipping companies, those with little capital can start local taxi services or inter-city bus transport services within Kentucky State.
The rate of unemployment is high in the United States. While job seekers are looking to grab any opportunity that will take them steps closer to good jobs, employers are equally looking for ways to select talents that will be assets to their business. Hiring agencies link job-seeking individuals with potential employers. These agencies either charge job seekers to have their credentials listed or charge employers to have their job openings advertised—or both.
Most Kentuckians do their laundry at least once in a week. But even at that, many of them cannot do their laundry themselves due to tight work schedules and other circumstances. Laundry and dry cleaning services help busy individuals clean up their clothes and make them look good—in return for a specified fee. Starting this business requires very little startup capital.
10. Event planning
Hundreds of events are held in Kentucky every week, ranging from weddings and birthday parties to seminars, anniversaries, and symposiums. While most individuals and companies dream to stage memorable events, they often lack the expertise required to achieve that dream. But with event planners to the rescue, individuals and companies can stage fascinating events by paying to have their event perfectly planned.