Do you reside in Mississippi and you need ideas for starting a business? Here are top 10 small business investment opportunities in Mississippi, USA.
Mississippi is part of the 50 States that make up the United States of America and it is located in the southern part of the United States. Mississippi got its name from the Mississippi river and it is ranked as the 31st most populous state in the US. The largest city in Mississippi is Jackson and it is also the capital city.
Mississippi has the highest numbers of catfish ponds and it is known to be the highest producer of catfish in the whole of the United States of America. Although the state of Mississippi is ranked as the poorest states amongst the 50 states that makes up the United States, but it is still the cheapest state to live in. The cost of living in Mississippi is lower compare to other states.
Furthermore, the State of Mississippi is noted for its good music and literature and also for its rich forest and cotton plantations that was once the major sources of revenue for the state. Mississippi is also rated as the most religious state in the whole of the US. If you live in the state of Mississippi or you intend relocating to there to establish your own business, then the following business opportunities might be of great help to you:
Top 10 Small Business Investment Opportunities in Mississippi
1. Cotton Farming
Cotton farming has been a long standing tradition for the locals in Mississippi. It is a fact that at a point in the history of Mississippi, cotton farming was their major income generator. Mississippi is known to be the base of cotton farming in the whole of the United States and people from other states in the US and even outside the US source for cotton produced from Mississippi.
So, if you live in Mississippi or you intend relocating there with the intention of starting a business, then you should consider establishing a cotton plantation. If you establish your cotton plantation in the state of Mississippi, then you can be rest assured that the climatic condition and the weather will be to your advantage.
Mississippi is noted for its high production of cat fish. If you intend starting a business in Mississippi, then you should consider starting Cat Fish Farming. The good thing about this kind of business is that you can start with a small pond and grow it within a short period if you are industrious. The cat fish market is a booming industry in the whole of Mississippi and people are making fortune just simply selling cat fish.
3. Casino Gaming Centre
Since the government legalized casino business, several casino gaming centers have been established in the state of Mississippi. All you need to do to cash in on this highly thriving industry is to obtain your license and then start you own casino gaming centre in a busy district in Jackson or any other busy city in Mississippi.
It is a fact that the monies generated from casino business have been used to develop the educational sector and other areas in Mississippi. That is to point to the fact that it is indeed a thriving business to go into if you live in Mississippi.
4. Mom and Pop Groceries Store
The good thing about mom and pop groceries stores is that you can start with little capital and the turn over within a short period is great especially when you locate it in a busy area. Therefore, if you intend starting a business in Mississippi, then you should consider starting a mom and pop groceries store business.
Without doubt, if you are hard working and you know what the people in your area want per time, then you stand the chance of growing from just the owner of a mom and pop groceries store to the owner of chains of stores.
Auto repair workshop is a common business venture that you find in any state in the US. If you are a mechanic or you have interest in the automotive industry, then you should consider starting an Auto repair workshop. It is a fact that auto repair workshop would continue to thrive as long as people use their cars to move around town. Just ensure that your own Auto repair workshop is well positioned and you give people value for their money.
If you have been to any town in Mississippi, then you would have observed how people buy frozen Yogurt. If you intend starting a low capital business venture in Mississippi, then you should look towards starting a frozen yogurt shop. It is indeed a thriving small scale business that any entrepreneur can invest in.
Liquor bar is yet another thriving business in Mississippi. All you need to do to maximize profits in this type of business is to ensure that your store is always stocked with assorted liquors per time. If your bar is secured and well positioned, then you won’t have problem getting people to patronize your business.
8. Gas Station
Gas is an essential commodity that is needed in our society. If you have the capital required to establish a gas filling station, then you should consider this line of business. Just ensure that you locate your gas filling station in an area that is busy and accessible. You will be required to obtain permission and a license from the local authority of where you intend building your gas filling station.
9. Sandwich Restaurant
Another business that requires little skills and capital to start is a Sandwich Restaurant. If you are looking for a business to start in Mississippi, then you should think of starting a Sandwich Restaurant. If you rent a shop that is close to a public facility or any area that has high volume of human traffic, then you can be rest assured of getting loads of people buying sandwich from you time after time.
Mississippi is known to be the poorest state in the whole of the US and also it is a state where those who run consignment stores are truly making money. No doubt if you start your own consignment store in any part of Mississippi, especially in the smaller towns, then you can be rest assured that you will have loads of people patronizing you per time.
These are just few of the many business opportunities you can choose from if indeed you want to start your own business in the state of Mississippi. Be sure to stay optimistic with whatever venture you have decided to settle for because no one goes into a business with a negative mindset and end up successful.