Is Florida the Best Place to Start a Small Business?

With more than 2.4 million small businesses in Florida, it's no wonder why the Sunshine State is a popular destination for entrepreneurs. Whether you're a Florida native looking to start a business or plan to move there to fulfill your business dreams, this article will provide you with 15 of the best ideas for small businesses in Florida. The good news is that people are living longer, and Florida is one of those places where many people plan to spend their golden years. This presents an opportunity for entrepreneurs to enter the market and provide support and services to older people, such as transportation, shopping, and even private nurses and healthcare.

In fact, 27.3 percent of Floridians are over 55, so starting a small business to meet the needs of older adults can be a lucrative venture in Florida. The hospitality industry is also booming in the Sunshine State. According to the Florida Department of Business and Professional Services, there are 455,377 hotel and motel rooms in the state (as of May 2020). In addition, 6.6 million people rented their homes to travelers visiting Florida during their vacations.

This makes starting a cleaning business a great idea for anyone looking to start a business in Florida. As mentioned above, Florida is a popular vacation destination for more than 100 million Americans each year. With its abundance of natural beauty and its location surrounded by water on three sides, personalized tours can be an attractive option for tourists looking for something different than Disney World. Think fishing trips, scuba diving trips, airboats in the Everglades, day trips to Key West and shopping tours in Miami.

Florida also ranks fourth among states with the most remote workers. About 7 percent of the population is engaged in remote work, and many of these jobs are start-ups from home. This provides plenty of opportunities for entrepreneurs looking to start a home-based business. Remote learning is another area that has seen an increase in demand due to the pandemic.

Tutors can help with ESL (English as a Second Language) students since more than 30 percent of Floridians speak languages other than English - 8 percent higher than the national average. In addition to its booming economy and abundance of opportunities, Florida also offers some great tax benefits for businesses. The state has no personal income tax, 5.5 percent corporate tax rate, or payroll taxes - making it an attractive option for companies looking to get out of states with high taxes. Florida's infrastructure is also an asset that cannot be overlooked.

The state is home to more than 130 airports for public use and 20 commercial airports - giving it an advantage in aeronautical and aerospace manufacturing and maintenance industries. What really sets Florida apart from other states is its ideal place to work and live. In addition to good weather, Florida's cost of living is below that of other states with similar economic growth and immigration rates. State analysts recently reported that Florida's population is expected to increase by an average of more than 303,000 residents per year. Organic farming is another great business opportunity in Florida due to its perfect climate for growing fruits, vegetables and dairy products. The Florida Department of Economic Opportunity can help entrepreneurs recruit employees and find incentive programs and tax credits.

There are also no laws that require employers to provide employees with severance pay if someone is terminated. Florida was recently named the most business-friendly state in the country according to a new Wallethub report that determined the best large cities to start a business - placing four cities in Florida (Orlando, Miami, Jacksonville and Tampa) in the top ten. Finally, South Florida's proximity to Central and South America and the Caribbean makes it an international business center - providing plenty of opportunities for global players, established companies and emerging startups. To start a business in Florida, you must first consult with the State Department of Business Professional Regulations & your county tax collector to determine if your business requires a license. Florida is ready to welcome you with the talented workforce, world-class infrastructure, global connectivity and quality of life your business needs - making it one of the best places in America to start a small business.