8 Best Business Opportunities in Fort Worth, TX
Most business owners cite less strict regulations and low taxes as the prime attraction of doing business in Texas. The state has a business-friendly climate with abatements and other incentives. Also, a lot of business opportunities in Fort Worth, TX are present that makes it a great place for carrying out a business.
In this article, we have listed 8 great business opportunities in Fort Worth, TX with above average returns potentials. So, sit back, relax, and read on the list of attractive business opportunities in the state we have compiled for you.
1. BlockChain Solar Technology
Blockchain is a radically new solar technology that has opened up new possibilities for solar manufacturers and consumers. Experts have stated that the technology has the potential to upend the traditional utility market in the coming months. A report by PwC has stated the technology presents a great opportunity for solar panel producers as well as consumers. The technology is versatile that can be applied to different industries.
2. eCommerce Store
Another great business opportunity in Fort Worth, TX is opening an eCommerce store. A large number of small businesses and startups sell products to online audiences. You can set up an online store where people can buy different products made by different manufacturers. Consider setting up a store for a niche segment that is not normally serviced by existing stores. The online store is an excellent low-cost business model that can promises high returns. You only have to maintain and market the website, while the process of delivering goods will be taken care of by the manufacturer. The eStore will serve as a platform from which products are sold, and you will receive a percentage of the total sales amount.
3. Online Hotel Booking
Texas has a lot of great hotels that are visited by people both in the US and abroad. You can make it easier for them to book a hotel by setting up a site. This is a great business opportunity in Fort Worth, TX that leverages the popularity of the travel and tourism. Similar to the case of selling online products, you will receive commission from the hotel for every booking.
When designing a hotel booking site, you must pay extra attention to the User Experience (UE) and User Interface (UI). Both the UE and UI should be attractive and provide excellent booking experience. Similar to running an online store, the business opportunity in Fort Worth, TX does not require a large investment amount. You don’t have to invest in asset. Instead, the only thing that you need to invest is creating and marketing the website.
4. Financing of Solar Power Products
Solar power offers great cost savings to the individuals in terms of much lower electric bills. With the solar market expected to increase in the coming years. Opening a loan company that offers loans to buy the solar panels is a low-risk business opportunity in Fort Worth, TX that offers the prospect of sustainable returns.
5. Gluten-Free Food Items
Gluten-free food items are in demand among not just those that suffer from celiac disease but also among health conscious individuals. The sales of gluten-free food items have increased by large percentages in the past five years. According to a recent report, the sales of gluten-free products are expected to increase to about $9.24 billion by 2022. As a result, you can ride the wave of increasing demand of gluten-free product by opening an online or brick-and-mortar store. This is a great business opportunity in Fort Worth, TX that will likely provide high returns to the investors.
6. Event Planning Firm
Increasing number of Texans are celebrating their birthdays, graduation, anniversary, wedding, and much more. This presents a lucrative business opportunity in Fort Worth, TX for budding entrepreneurs. You can help people to organize events and trips that remain a memorable one for them. At the initial stage, you can consider offering consultancy for event planning. Later on, you can expand the scope of the business by providing catering service as well. The business opportunity in Fort Worth, TX is light weight that does not require investing a large amount of capital. But the return potential of the business are certainly high.
7. Crowdfunding Platform
Crowdfunding is all the rage today that helps small businesses and startups to obtain the much needed finances by connecting with a group of small investors. You can contribute to the crowdfunding eco-system by setting up a business. In crowdfunding, startups list their ideas and businesses to attract capital from the investors. Individuals locate the business that looks lucrative to them and invest in the business. You can be the middleman between the two and earn commission for the effort undertaken to bring startups and investors together for mutual gain.
8. Drought Friendly Landscaping
Finally, another great business opportunity in Fort Worth, TX is offering drought resistant landscaping services. The recent water shortages in the state have increased the need for landscaping that requires minimal water usage. You can start up a company that meets this requirement.
With water restrictions in place in the state, any effort to help in conserve water used in landscaping will be highly appreciated. Apart from installing drought resistant plants, there are many ways to fulfill the needs of water-conscious customers such as installing astro turf and effective water recovery methods.
Texas is quickly becoming the business hub due to the business friendly climate. Already a number of startups in the state have made a great mark in the corporate world. If you want to earn income by being your own boss, you should seriously consider making the best of the opportunities presented in this article.
To increase your chances of taking your business to the heights of success, you should consider hiring a professional business broker. A broker can greatly simplify the task of evaluating businesses and offering expert and qualified advice. For more information on attractive business opportunities in Fort Worth, TX, you can contact Kirksey Business Brokers.