6 Most Profitable Business Ideas and Opportunities in North Carolina
Are you interested in starting a business in North Carolina? North Carolina NC is located in the south-eastern region of the United States of America and the 9th most populous state in the U.S. North Carolina has a diversified economy with engineering, biotechnology, textile, furniture, energy, finance, and tobacco.
How to start a small business in north carolina
North Carolina ranks first in the production of sweet potatoes and flue-cured tobacco, and is second in pig, trout, and turkey production. The state also ranked second in the production of Christmas trees in surveys by the United States Department of Agriculture in 2002, 2007, and 2012.
Doing Business in North Carolina - What Do I Need?
North Carolina in 2013 was chosen by Forbes magazine as the third best state for great men investments and self employment women businesses, and was also rated the second best state by Chief Executive Officer Magazine.
Charlotte, Raleigh, Greensboro, Durham, Winston-Salem, Fayetteville, Cary, Wilmington, High Point, Greenville, Asheville, Concord, Gastonia, Jacksonville, Chapel Hill, Rocky Mount, Burlington, Wilson city, Huntersville town, Kannapolis, Hickory, Apex, Goldsboro, Salisbury
So what is a good business to start in north carolina? Are you looking for a list of the most successful business ideas in NC? Here are some to try out:
Christmas tree Retail and Export Business
The Fraser fir which represents about 98 percent of Christmas trees species grown in North Carolina is the most popular Christmas tree in North America and is shipping to other states in the country as well as to Canada, Mexico, Japan, Caribbean Islands, and other parts of the world.
North Carolina accounts for the production of over nineteen percent of the Christmas trees used in the United States of America. This means there is an abundant supply of products and a ready market for people in the Christmas tree retail and export business opportunities.
Christmas trees are symbolic of the Christmas season and is a must have for over 40% of North American families. This means that there is already a huge demand in place for these booming agriculture business opportunities. A good mix of size, variety, price range, and accessories in order to cater for the varied needs of your customers
Climbing & Camping Gear Business
In 2013, over 25 million people visited the Great Smoky Mountains national park and Blueridge Parkway. Most of these touring visitors want to have some adventure by climbing the mountains and they will need the gear for this.
A strategically positioned climbing and camping gear business would readily provide this. Some climbing gear you can stock in your shop includes amongst others: Mountaineering boots, backpacks, Alpine climbing harness which fit over all cloths and have adjustable leg loops, crampons, a helmet that is sized to fit over a hat, hardshell pants and jackets that are water and windproof, and glacier glaciers with 100 percent Ultraviolet protection etc.
Taxi Service for Tourists
North Carolina has a wide range of tourist attractions spread across different sections of the state. In Raleigh which is the capital, you have various notable museums such as the African American Cultural Complex, Contemporary Art Museum of Raleigh, North Carolina Museum of Natural Sciences, as well as the Carolina Hurricanes NHL hockey team.
In Asheboro, you have the North Carolina zoo internationally acclaimed for its animals, plants, and the 57-piece art collection along 5 miles of shaded pathways. Pottery Highway in Seagroove, MerleFest in Wilkesboro which attracts over 80,000 people to its four-day music festival, and others.
Your taxi service could offer various destination combinations at a price also putting into the consideration the tastes of each tourist.
A low cost business to start is Pork Barbecue which is is a culinary staple in Raleigh North Carolina. You could decide to do outdoor barbecuing-smoking the meat over wood or charcoal, or restaurant barbecuing where the meat is cooked in brick or metal ovens designed for that purpose.
In order for your startup barbecue business to be successful however, you need to know the trends in the sauces and methods preferred in each region. For instance, Western North Carolina uses only the pork shoulder and tomato based sauce while 'whole hog' is used in the Eastern North Carolina barbecue with vinegar and red pepper-based sauce.
Grocery Store Business
This is a viable trading business that can thrive almost anywhere. Your store should be located in a place that has a good flow of human and vehicular traffic. Carry out a feasibility study to know what the people in your catchment area need and the brand of products they prefer.
Know your greatest competitors and also know your strengths and weaknesses as a new thriving business. Learn how to attract customers to your store in order to boost sales and also work on how to compensate for your disadvantages.
Food is a basic human necessity and will always sell over and over if prepared right. Cooking styles, preferences, and tastes vary from region to region and from individual to individual.
North Carolina has some dishes that are a favourite such as biscuits and gravy, tomatoes and mayo, collard greens, and fried chicken. Liver mush is a meal loved by North Carolinians and is usually served with eggs or eaten as a sandwich.
Pimento cheese is another delicacy that is combined with fried green tomatoes, crackers, cornbread, grit, sandwiches and a host of other things to delight the taste buds.
North Carolinians also like to combine their preferred soft drink with some barbecue sauce and chicken. These and more can be served in your restaurant and is guaranteed to draw customers to this food business if prepared and served right.
It is recommended that you register your business for it to be a legitimate entity In the state of North Carolina.
In order to get a business license, you need to register a business in North Carolina, the following steps should be taken:
A. Choose a Business Name
You can choose any name for your sole proprietorship or general partnership business. If you are choosing a name that has nothing to do with your self employment business, it is called an "assumed name."
Before using an assumed name, a search should be do to find out if someone is already using that name to do business. The search can be done with your county Register of deeds.
B. Choose your Business Structure
Various types of great business structure such as sole proprietorship, general partnership, corporation, S-corporation, C-corporation, limited liability Company, and limited partnership exist.
It is recommended that you choose your business structure carefully as it will determine how your business will be taxed, financial liability, and who will have the final say in decisions that affect those major lucrative businesses for beginners.
C. Register your Business
Where you file your business is determined by the type of business structure. Sole proprietorships and general partnerships should be filed with your county. All other business types such as corporations, limited liability companies, and partnerships, should be filed with the North Carolina Secretary of State.