Profitable Small Business Ideas and Opportunities To Start in Belize
Belize Business Opportunities
Are you are thinking of starting a small business in Belize but you don’t actually have any business idea in mind? Belize is a country situated on the eastern Coast of Central America. Its neighbors include Mexico to the North, Guatemala to the south and west and the Caribbean ocean to the east. Belize, with a land mass of 22,800 sq. meters and a population of over 300,000 people has the lowest population density in all of Central America.
Belize is famous for its cultural and linguistic diversity has an abundance of marine and terrestrial life alongside pristine beaches and coral reefs, as well as significant ecosystems that form important bases for scientific research.
Belize plays hosts to the popular September Celebrations, which are a series of holidays ten days apart: The Battle of St. George’s Caye day, also known as National Day( marked on September 10th) and Independence Day, celebrated on September 21st.
Belize City, Placencia, San Ignacio, Benque Viejo del Carmen, San Pedro, Orange Walk, Belmopan, BEL, Cayo, Corozal, Stann Creek, Toledo, Punta Gorda, Dangriga
How to start a business in Belize
Belize offers a number of lucrative business opportunities for the savvy investor, who is on the look-out for openings that will guarantee optimum return on investment. A number of these viable business ideas are already being harnessed, while a good number are relatively untapped. These self employment business ideas are tailored to the realities that are peculiar to the culture and socio-economic setup of Belizean people. Buying businesses offered for sale in Belize is also very easy and straightforward. There are several commercial american businesses situated in the country too.
The most successful business opportunities that you can open in Belize are as follows:
1. Tourism and Holiday Firms
Belize boasts of long stretches of coral reefs that run for many kilometers. In particular, the Belize Coral Reef spans over 300 kilometers which is one of the largest coral reefs systems in the world. Belize is reputed to having the largest cave system in all of Central America.
It is estimated that close to 500,000 visitors and tourists visit Belize to take in the beauty of her natural endowment. Total income that was realized from tourists’ visit amounted to over 1.5 billion USD, in 2012.
The savvy business entrepreneur can take advantage of this important business idea to establish a tourist agency that can proffer assistance for holiday maker and visitors to the country. Such assistance can be in the form of booking flights to and from Belize, making hotel reservations, offering visa processing services, currency exchange assistance as well as any other services that a tourist would require to make her/his stay a memorable one.
Other attractions that can be offered to the tourists will include scuba diving, snorkeling, bird watching, helicopter tours, visiting ancient Mayan ruins, as well as other engaging activities. This partnership home business idea in Belize will surely offer the owner a handsome return on investment, once embarked upon with good marketing.
2. Hotels and Holiday Resorts
Still following from the rich diversity in nature that Belize offers and utilizing the opportunity that comes with a large influx of tourists and visitors; the investor can decide to establish a full-fledged hotel or a holiday resort to house these numbers of people that visit Belize each year.
This major business idea in Belize will entail providing comfortable and serene living space, equipped with the necessary amenities and offering such at a price that is affordable, in order to make a handsome return on investment.
3. Agriculture and Agro-allied Industries
While Belize is made up of 60 percent forest vegetation, the country boasts of arable land covering roughly twenty percent of its landmass. The chief crops that can be grown in Belize include Bananas, plantain and sugarcane.
The savvy investor can take advantage of this thriving agribusiness idea in Belize to obtain relevant permits to set-up farm plantations, that will cultivate and grow these crops; both for the local market and chiefly for the export market.
The entrepreneur can also decide to establish agro-allied industrial cottages that will process these farm inputs into finished and semi-finished forms, for the international export market.
4. Real Estate
Belize offers a list of booming business opportunities in the construction and Real Estate sectors of her economy. As more people visit and holiday in Belize annually, there is a need to provide decent and affordable housing facilities; especially for those who intend on staying back in the country on a permanent basis.
Although this is not a low cost business idea, it can be exploited by the savvy investor, by providing housing units that utilize local construction inputs in order to meet this need. The entrepreneur can offer bespoke housing that meets with specific demands, as well as cater to the generality of the population.
Doing Business in Belize
All of those popular businesses mentioned above can make you a millionaire in the long run if you will take your time to study how to be successful running any type of the businesses needed in Belmopan, Spanish lookout, San Pedro, San Ignacio, placencia or even in Belize city. There are courses and books to read that will show you more on what you need to know about venturing into any of the business ideas as a beginner as well as the proper steps to securing small business loans.