Do you reside in Montana and you need ideas for starting a business? Here are top 10 small business investment opportunities in Montana, USA.
Montana might not sound as popular as some other states in America to foreigners. However, it is part of the states that make up the United States of America. Its capital city is called Helena and its largest city is Billings metropolitan area.
It is located in the western part of the United States of America. The State of Montana is partly plain land, partly mountainous regions and partly small island ranges. Although the state of Montana is the 4th largest state in terms of land mass when compared to other states in US, but it is still the 44th most populous state.
The State of Montana is notable for its robust agricultural activities and it remains one of the major producers of grains in the US. Montana is nicked name “The Treasure State” basically because of the rich natural resources like Oil, Gas, Gold, Silver, Talc, Coal, et al that is locked in the land.
Because of the National parks that are located in the state of Montana, it is one of the major tourist destinations in the United States of America. Year in year out, tourists visits National parks like Glacier National Park, Yellowstone National Park and the Little Bighorn Battlefield National Monument all located in the state of Montana.
As a matter of fact, the revenue generated from tourism in the state of Montana is steadily on the increase and loads of business men and women are benefiting from it by simply engaging in businesses that revolves around the tourism industry.
If you live in the state of Montana and are looking for a profitable business to start, or you intend migrating there to establish your own business, then you can choose from the following business opportunities.
Top 10 Small Business Investment Opportunities in Montana
1. Coal Exportation
Montana is notable for the production of coals. If you are thinking of a business to start in the state of Montana, then you can look towards the coal mining industry. You do not necessarily need to establish your own coal mines; all you need to do to leverage on this industry is to come in as an exporter of coal.
There are loads of companies and individuals ready per time to buy coals from the state of Montana. So, if you undertake a market research properly, then you will make wealth dealing in coal.
2. Cereal Grain Farming
If you have interest in farming, then you should consider going into cereal grain farming. The soil composition, the weather and the climatic condition in the state of Montana makes it very suitable for the farming of cereal grain. The good thing about cereal farming is that there are loads of processing companies scattered all over the United States that buys their cereals from Montana.
3. Sale of Medical Equipments
The health care industry is another money spinner in the state of Montana. As a matter of fact, the health care industry is also a major revenue generator for the state of Montana. If you are interested in making money from this sector, then you should consider opening a shop that sells medical equipments.
If you choose the right location for your medical equipments store, then you can be rest assured that you would make great profits from your venture. Hospitals and health facilities in the state of Montana would rather choose to buy their equipments from within the state rather than go elsewhere.
The haulage business is yet another business that any aspiring entrepreneur that lives in the state of Montana can comfortably start and hit the road running. There are loads of companies and people that engage in the services of haulage companies from time to time.
If you start your own haulage business, you may position your business to serve the coal industry, the lumber industry, the agricultural sector, amongst others. You may also help them with transporting their goods from one point to another.
There is always a high demand for the services of taxi cab simply because of the high volume of tourists that visit the state of Montana. If you can drive and you live in the state of Montana, then you should consider starting a taxi cab business. The good thing about this kind of business is that you could start with just one taxi and build the business to owning fleets of taxis.
If you have the capital required to build a Hotel and you have interest in the hospitality industry, then you should consider starting your own hotel business. All you need to do to maximize profits in this industry is to position your hotel close to one of the National Museums located in the state of Montana, or in any high end business district.
The oil and gas sector is yet another money spinning industry in Montana. There are various ways you may tap into the oil and gas industry; if you have the financial muscles you can surely become a major player in this industry. You can choose to participate in the exploration oil and gas or as a marketer of petroleum products. You would need to get a license to be able to do business in the oil and gas industry.
Montana is known as the hub of beer. There are loads of breweries located in Montana. You don’t need to start your own brewery industry to participate in this sector. You can come in as a wholesale distributor. If you carry out exhaustive feasibility study very well, you may locate enough beer retailers that you can do business with.
9. Sale and Servicing of Heavy Duty Farm Machineries and Equipments
If you open a sale and servicing shop for heavy duty farm machineries and equipments, you can be rest assured that you would have loads of people patronizing you. It is certainly a thriving business in the state of Montana. So, if you have the required capital, or are able to pool enough cash together, then you can consider starting your own sale and servicing of heavy duty farm machineries and equipments.
10. Sale of Souvenirs
You can start a small store that sells unique souvenirs around any of the National parks. Thousands of tourists visit National parks like Glacier National Park, Yellowstone National Park and the Little Bighorn Battlefield National Monument all located in the state of Montana and they will be proud to live with souvenirs made in the state.
There you have it, some of the few business ventures amongst many of the business opportunities available in the state of Montana. You possibly couldn’t do well in any of these ventures without first arming yourself with the right information about it. So, with any of these businesses you decide to settle for, be sure to undertake an exhaustive research.