Are you searching for small business opportunities in South Carolina, United States? Are you considering starting a business in South Carolina 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.
With one of the lowest corporate tax rates in the United States, South Carolina is consistently ranked among the country’s most business-friendly states. The state offers a wealth of opportunities to enable businesses maintain low operating costs and generate maximum profits.
For example, the state charges no state property tax, no local income tax, no inventory tax, no sales tax on manufacturing equipment, industrial power or materials for finished products, no wholesale tax, and no unitary tax on worldwide profits.
South Carolina also provides a variety of customized programs to meet the needs of any business. These include corporate income tax credits, discretionary income tax credits, discretionary income, license, or withholding tax incentives, and discretionary property tax incentives.
The above drives home the point that South Carolina is indeed a fertile ground for businesses of all types and sizes. If you are living in South Carolina and would like to start a small business within the state, here are 10 lucrative small business opportunities you should consider exploiting:
Top 10 Small Business Investment Opportunities in South Carolina
1. Poultry farming
The demand for poultry meat and eggs is always on the high in South Carolina and neighboring states. This explains why there are many poultry businesses in the state. However, the demand for poultry products, such as meat and eggs in South Carolina still exceeds the supply by far. This leaves open the door of opportunities for new players in the poultry farming business.
The days of desktop PCs are fast passing by, as the need to connect with the internet while on the move has turned people’s faces in favor of smartphones, tablets and other mobile devices. Now, with the rapidly increasing number of smartphones and tablets in South Carolina—and the U.S. in general—comes the increasing demand for smartphone and tablet repair services. People are ready to pay good bucks to have their broken or damages devices fixed, since this comes cheaper than buying a new one.
3. Day care
The increasing number of single moms and the need for mothers to take up full time jobs to support their spouses financially has left mothers busier than ever. Their work schedules are so tight that they have little or no time to take care of their little children. This is where day care services come in handy. Mothers are willing to pay to have their children taken good care of.
4. Laundry services
People in South Carolina, like everyone else, love to look good. But tight work schedules do not avail them the time for laundry. So, they would rather hire laundry and dry cleaning services. Starting a laundry and dry cleaning business is very easy, particularly in South Carolina. With minimal startup costs and low government charges, anyone can venture into the laundry and dry cleaning business.
5. Pet care
Americans are pet-crazy. And South Carolinians are no exception; they spend several thousands of dollars per annum on their pets—dogs especially. This explains why there is huge demand for pet care products and services, such as pet food stores, dog walking services, veterinary services, and so on. If you’re looking to start a small business in South Carolina, any businesses that caters to pets is a good option.
We all need to eat to survive. This simple fact explains why restaurant businesses are recession proof and tend to thrive anywhere. Even when the economy is in a sorry state, people will still squeeze their pockets for some bucks to feed their bellies. After all, survival is the most important thing.
7. Fitness center/fitness coaching service
If you have a solid background in fitness training, then you can start your own fitness center or fitness coaching service in South Carolina. Like other Americans, South Carolinians are now aware of the health benefits of exercise and fitness as well as the health risks of being overweight, hypertensive and diabetic. So, the demand for fitness centers and coaches is booming.
8. Senior care
With increasing quality of healthcare comes increasing life expectancy. This explains why older people now form a huge fraction of the population of South Carolina. This trend has increased the demand for products and services targeted at seniors. From senior errand services to senior medical assistance, there are huge opportunities in senior care.
9. Online marketing
From search engine optimization to pay-per-click advertising, and to email marketing, various online marketing techniques are now adopted by businesses for lead generation. This leaves huge profit opportunities for experts in search engine marketing, social media marketing, copywriting, and other strategies involved in online marketing.
10. Food truck
Everyone loves convenience. We love it when we are able to get whatever we need without having to leave the comfort of our homes. This explains why food trucks will do well in South Carolina. A food truck is mobile and less expensive to start than a brick-and-mortar restaurant.