The Valley of the Sun has seen significant economic growth in the past few years, and it is pretty motivating to witness. This has resulted in a wide array of business opportunities opening up for small businesses and individuals.
Currently, there is no better place in the United States than Arizona to start and run a business. According to a recent study, Arizona was titled the seventh-best state in the US to open a firm. But, perhaps, the most significant benefit of starting a business in the state is the tax rates which have remained considerably low and manageable, perfect for small businesses to thrive.
Arizona is also embracing technological innovations, opening up its gate for newer opportunities encouraging space for newer businesses and startups.
Skin Care Expert
An essential organ in your body, skin is something that determines your beauty and appearance. Often, a lot of people across the world suffer from various skin problems and seek professional assistance to get rid of them.
For instance, stretch marks on the skin are a concern of many ladies, and they would be happy to pay professionals money to get rid of them. Other than stretch marks, other common skin problems include acne, rashes, sunburn, rosacea, and more.
You will be able to make a lot of money by simply helping people in Arizona solve their skin problems. Then, all you need to do is find an open job opportunity or set up your own business.
Catering and Food Supply
Do you have a thing for making parties and other events more exciting using delicious foods and drinks? Then starting a catering business or a food supply business might be the ideal business option for you.
You have numerous ways to go about boosting your business. To start with, you can supply food and drinks for parties and events that happen across Arizona. Similarly, you can also reach out to companies to discuss the potential of supplying lunch to their staff or contacting hotels and restaurant owners to deliver food. This will help you grow your business and become a better caterer.
Another niche you can explore under this category is the mobile food supply business.
On the flip side, catering and food supply might not be a great business opportunity if you aren’t passionate about cooking or learning to be an excellent chef.
If you have ever wagered on sports events, you sure have thought of starting your own sportsbook at least once in your life. While this isn’t a business opportunity for everyone, you can tap into the arena as sports betting in Arizona is currently legal. However, there are several questions you will have to answer including, the capital required, the legal issues in the state, the way you should set your lines, keeping track of everything, etc.
Typically, you can get answers to many of these questions by simply experiencing what a reputable sportsbook looks like.
When starting your sportsbook, you will have to primarily handle the license fee, the building costs, and the funds to cover all the bets from the beginning. Furthermore, you will have to pay state taxes every month too.
But the good news is that you can balance your exposure by setting your lines right and adjusting them as bets come in. With the right tactics, you will soon be able to make a fortune out of this business opportunity.
HVAC Installation and Repairs
With various building projects being carried out in Arizona, it happens to be a great time to start an HVAC installation and repairs business in the area. You can offer your services both in offices and homes around the state.
However, if you don’t have any idea about installing and repairing heating and air conditioning appliances, then you might find it challenging to get started in this arena. If so, you have two ways to go about it. First, you can choose to attend a training session and learn how to handle it. Or, you can just start your firm and then employ certified technicians to manage the practical aspects of your business.
The last business idea on the list is perfect for someone with solid capital. And the opportunity is to start a cleaning business. Many private residences and commercial outlets across Arizona employ professional cleaning services to keep their environment and surrounding pristine as they focus on other essential tasks.
This is one of the most-loved business ideas as the maintenance costs are pretty negligible. To get started, you will only need to buy a few cleaning supplies. Additionally, you might also have to spend a part of your budget on advertisements. You will be able to keep the rest of your earnings as your profit.