If you are looking for set up a new business in the Miami Beach area, you’ve come to the right place. We got in touch with long-time South Florida businessman Lee S. Rosen to ask for insights on the best businesses to start in the area.
Truth be told, Miami is a treasure trove of opportunities whether you’re single, a young couple, or have a family. With its excellent busines climate, continuously growing domestic economy, and the absence of local and state personal income taxes, it is, no doubt, the place to be. That’s not to mention the awesome weather and the long beach line that makes it one of the most popular tourist destinations in the US.
Here are 5 small businesses you can start in Miami Beach.
- Tour guide services
Miami is a melting pot of different cultures mostly because it is tourism center. Having one of the largest cruise ports in the world, it attracts thousands of visitors every year. If you are familiar with every twist and turn around the city, you can set up shop as a tour guide to help visitors find their way around town. You can create specialized tours that cater to a specific market or customized experiences, depending on what your clients are looking for.
“The good thing about being tour guide in Miami is that you don’t need a license or certification to be one,” notes Lee S. Rosen. “You can even set it up with zero capital, just as long as you know your way around and offer added value to tourists for a big tip.”
- Car or transport service
This is related to tourism because people will need a mode of transportation to go around. Depending on your budget, your coverage could be local, intra-city or cross-state. To start your own car service in Miami, you will need the right permits and licenses. Also, there are a lot of players in this industry, but if you play your cards right and market to the right people, you could be well on your way to having a fleet.
- Food truck or restaurant business
Everybody loves food. If you are great at cooking, you can start your very own small food cart business to showcase your specialties. While there are plenty of groceries in Miami and people do have their own kitchens, the fast-paced lifestyle among many makes taking out from food trucks a necessary convenience.
You can set up a full-service resto with a wide menu, or focus on one or two products for a foodcart. The good thing about the latter is that it can be mobile, so you can definitely go where the crowd is not be confined to just one space.
“I’m always out on meetings and sometimes don’t have the time to sit down for a full meal. I find food trucks a cheap, delicious and hearty way to get me going for the rest of the day,” adds Rosen.
- Day care services
Families are among the frequent visitors to Miami. Most hotels do offer kid care services, but they can come at quite a cost. You can offer to take care of the kids for families on holiday, so the grownups can enjoy everything that Miami has to offer without worrying about the little ones. Some day care services offer added value to clients beyond just keeping watch over the kids in a playroom. Some companies offer enrichment classes and sporting activities to that the kids, too, have a memorable time during their Miami trip.
Day care services also cater to locals with busy parents. Because Miami is such a bustling metropolis and nanny care is expensive, day care centers offer a cheaper alternative to young families.
- Errand service
As mentioned repeatedly, everybody in Miami is busy rushing off to somewhere or working. That means limited time to go out and get groceries, pay the bills, get the car tuned up, pick up the laundry, and more. Setting up an errand service helps makes people’s lives easier — and your pocket heftier.
“It’s a win-win situation. You don’t even need capital to start this business,” notes Lee S. Rosen.
You can begin with friends and family, and then when you’ve established your reputation as an honest and quick service provider, you can start marketing to strangers.
There is no shortage of business that you can start with or without capital in Miami Beach. Because of the sheer number of people that come and go, in addition to its huge population, there are plenty of opportunities to earn and make a living.