Do you reside in Wyoming and you need ideas for starting a business? Here are top 10 small business investment opportunities in Wyoming, USA.
Wyoming is one of the 50 states that make up the United States of America and Its capital and seat of power is Cheyenne. Wyoming is located in the mountain region of the Western part of the United States of America.
The state of Wyoming is the least densely inhabited state and also the 2nd least densely state when compare to the other states of the United States of America. The weather condition in the state is considered to be extreme; it is windier and drier when weighed against to the weather of other states. This is so because of the topography of the state.
The economy of the state of Wyoming is said to revolve around mineral extraction, agriculture, travels and tourism. Tourists travel to Wyoming basically to visit the parks in the state. These are some of the parks you can find in the state of Wyoming; Yellowstone National Park, Grand Teton National Park, Independence Rock and Fossil Butte National Monument.
The agricultural sector in the state of Wyoming is noted for the large scale production of crops like; hay, sugar beets, wheat, and barley. Wool and livestock is also a major product in the state. The state is also blessed with minerals like coalbed methane, coal, uranium, trona, crude oil and natural gas. As a matter of fact; Wyoming has the largest reserve of trona in the world.
The manufacturing sector is another major contributor to the economy of the state of Wyoming. Commodities like soaps, paper, glass, diamonds, water softeners, baking soda, pharmaceuticals, plastics, synthetic rubber and paint et al are produced in large quantities in Wyoming.
If you intend starting a business in the state of Wyoming, then you should consider choosing from any of these business opportunities available there;
Top 10 Small Business Investment Opportunities in Wyoming
There are good numbers of National Parks in the state of Wyoming that attract tourists from all of the United States of America and the rest of the world. If you live in Wyoming, then you might consider starting your own Travels and Tours Business. With this kind of business, you wouldn’t have to struggle to get clients especially when you have strong online presence.
2. Production and Sale of Water Softeners
The fact that the State of Wyoming is noted to have the largest deposit of trona in the world makes it cost effective to start any business that uses trona as its major raw material. Since trona is used in the manufacturing of water softener, it makes it easier and cheaper to start a business that produces water softeners in the state of Wyoming.
Another major product you can manufacture from trona is Soap. If you intend starting your own business in the state of Wyoming, then you should consider establishing a soap manufacturing company. It is a lot cheaper and cost effective to start this kind of business in the state of Wyoming simply because of the large deposit of trona in the state.
4. Diamond Shop
Opening a Diamond shop is a thriving business to start in the state of Wyoming. If you start this kind of business in Wyoming, you can easily access the wholesale distributor of Diamond since the state is known for the production of large quantities of Diamond.
You can do your business a whole lot of good if you also establish an online diamond shop to compliment your physical shop. With an online shop, you would have succeeded in opening your business to the rest of the world.
5. Paper Manufacturing Company
It is a lot cheaper and cost effective to start your own paper manufacturing company in the state of Wyoming simply because you can get the required raw material (Trona) at a cheaper and affordable rate compared to what you can get elsewhere. So if you intend starting a manufacturing business in Wyoming, then you should consider starting your own Paper manufacturing company.
6. Production and Distribution of Baking Soda
Baking Soda is another product produced from Trona. You can be rest assured to get your raw material at a cheaper and affordable rate if you decide to start your own baking soda production company. The market for baking soda is not limited to the United States of America; you can export your baking soda to the rest of the world especially if it is of good quality.
7. Manufacturing of Plastics and Synthetic Rubber
In 2007, Wyoming was ranked as the 5th producer of crude oil in the whole of the United States, and Plastics and Synthetic Rubber are byproducts of crude oil (Petroleum). So, if you are thinking of starting a manufacturing business in the state of Wyoming, then you should consider starting your own Plastics and Synthetic Rubber manufacturing company. You can produce packaging for companies that are into the manufacturing of various commodities.
8. Glassware Manufacturing Company
It is a known fact the Trona is used for the manufacturing of glass and Wyoming happens to posses the largest quantities of Trona in the world. So in essence if you start your own glassware manufacturing company in Wyoming, then you can be rest assured to make huge profits from this kind of business because you are certain of getting your raw material at a cheaper and affordable price.
If you are a trained auto mechanic and you live in the state of Wyoming, you can consider starting your own Auto mechanical workshop. It is a thriving and profitable venture to go into if you are good with fixing cars. The catch here is to ensure that your auto workshop is well positioned and easily accessible by motorists.
Home Tutors service s is yet another booming business that requires almost no startup capital to start. If you are a trained teacher and you want to use your spare time to run your own business, then you should consider starting your own home tutors’ service.
All you need to do is to print handbills indicating the services you provide and distribute to parents around your neighborhood. With this kind of business, you can start it alone and as your client grows, you can recruit other teachers to help you handle your growing clients.
If indeed you are serious with starting your own business in the state of Wyoming, then you should consider starting any of these profitable businesses.
Latest posts by Ajaero Tony Martins (see all)
- Designing an RV Park – 6 Critical Factors You Must Consider - January 16, 2020
- 8 Strong Reasons You Should Become an Entrepreneur - January 9, 2020
- How to Find a Business Partner or Investor With Money - January 9, 2020