More than ten million people reside in Michigan, and they have high disposable incomes in their hands to spend on daily essentials and luxurious products and services. This is the foremost reason you should consider starting a business in this highly populated state of the United States.
Michigan has a diversified and incredibly growing economy. You can find popular business giants such as Ford and Kelloggs and boasts of one of the biggest automobile industries. The industrial economy is not limited to consumer appliances and automobiles but also extends to the tourism sector. Michigan is blessed with beautiful natural surroundings, and you can find several travel enthusiasts from the country and Canada visiting this place often.
If you are confused about which business you can start in Michigan, the following are a few exciting and inspiring ideas to follow:
1. A grocery or an essentials store
The term groceries have been converted into essentials these days. So, you can start a grocery store in your locality (great if there are a few stores over there) and be in business all the time. We all need groceries to thrive, and you will have customers asking for varieties of them. Try to add loads of options as customers are more attracted to quality and quantity both and not just one aspect. Home delivery services, customer support, 24/7 availability are some of the features you can add to your store.
2. A cake shop
If a bakery sounds typical and has too many baked product options (to create) for you, then a cake shop is a good idea. You can specialize in cakes, and people would love to order customized ones from you. Needless to say, cakes are needed for all kinds of parties and occasions; hence you can include several options in your shop. Some people even choose cakes and pastries over a typical dessert. Hence, you can cater to daily cake requirements too (it is serious, not joking). If you would like to limit your cake shop services further, you can focus only on cupcakes, no problem.
Always have fresh cakes in stock; never try to sell stale ones as even one unhappy customer can create havoc for your business. You can experiment, create, innovate in this tiny paradise of yours.
3. Start a Christmas-related business
If you would like to explore a seasonal business, then you can start a festival-based business. For instance, you can sell Christmas trees, special and customized gifts, gift baskets for all or only Christmas occasions, or decoration stuff. Of course, it won’t be a full-fledged or all-season business, but you can later convert it into a gift store if you are still interested and earn enough out of this business venture.
4. Start a driving school
Out of all the automobile businesses in the world, a driving school is something out of the track but still in business and interesting for a lot of new business entrepreneurs. Moreover, most of the residents will have to enroll in a driving school at a certain point in their lives. They need to get legally registered to drive in the country, and a driving school helps in seeking the same smoothly. Accordingly, a driving school is a better and more feasible idea to start to train people who want to learn and legally be able to drive in the country.
Since several driving schools are coming up, you need to keep a tab on your fees, offer excellent customer service and hire experts in your school to teach the skill. Also, promote your school effectively, or else it might not be noticeable for your future students.
5. Start a fun club
Just visualize too many residents with sufficient income to spend on leisure and entertainment activities! Doesn’t it sound intimidating to start an entertainment business? Of course, you can explore the fun areas such as a music club, a games store, or a simple fun club inviting all residents to come together and enjoy with each other. You can find several entertaining options for your guests, including live music concerts and drinks.
6. Become an insurance agent
It is important to care for your family members, and insurance is one of the effective ways to do so. You can become an insurance broker and help people seek appropriate insurance policies. It is a lucrative business, and as you seek more clients, you can completely rely on this business. However, note that you need to make good connections with the people you meet. You never know who will approach you for an insurance policy.
7. Open a pharmacy store
Even if medicines are sold online, you can still find people swarming around a pharmacy store. You can combine your offline store presence with an online app and supply necessary medications to everyone who is in need of medicines and other health supplies. However, note that you cannot simply start a business without legal formalities. You need to seek a license and seek professional training to start a pharmacy shop in your locality.
8. Become a babysitter
Hey, babysitting is not a part-time earning opportunity limited to teenagers or college students! You can engage in babysitting as a business venture and transform it into a professional concern. You can call it a childcare or daycare center, but traditionally, it is a kind of babysitting business. It involves a lot of responsibility; you need a license and sufficient space to carry out these activities. But we are sure; if you are professionally inclined towards your goals, you can earn adequate income out of it.
9. Start a content marketing agency
Michigan is occupied with business giants as well as small business organizations. All of them require loads of services, including digital marketing and content marketing services. You can help small business enterprises create content and market their products and services without much hassle. You need to hire experts to get your job done, and marketing your own business is vital.
10. Sell organic herbs
It might sound like a tiny business, but the profits are huge if you sell authentic and organic herbs to the residents of Michigan. Lately, people in the United States have realized the importance of all kinds of herbs, including Asian ones. You can start your own herb farm, produce naturally, and sell directly to your customers. Or you can tie up with good supplies and focus only on the selling aspect. Online presence is mandatory as people would prefer to order from your website or app.
11. Become an artist
Hey, we don’t suggest you settle in Europe or turn back time to the 18th century to become an artist and live on the income? In this digital age, it is easy to pursue any profession of your choice and passion. You can become an artist, create and sell art online easily and target your audience without any challenges. Not all will be interested in your art, but those who love art pieces can easily contact you. The revenue is great, and you can follow your passion which is really important.
12. Start a food-related business
This business venture can be further subcategorized into several types such as a fast-food outlet, bakery, food and gourmet shop, catering, and much more. The list is endless. We can list out at least a hundred business ideas here, but we would like to save your time and space and suggest a food-related business. You can go typical and start a convenience store, or you can focus on a niche and start something like a gluten-free food store. All need food, and no matter how many options you provide, people love to experiment.
So, open a restaurant or install a food truck, and you will have customers flocking around you.
13. Provide a car rental service
Even if people own cars in Michigan, not everyone can drive or find it comfortable to drive on the road. They will rely on a cab or a rental service at some point. You can provide car rental services without spending significantly. You can utilize your own car for business, no need to buy a dozen vehicles for business purposes.
14. Sell spare parts
Another business idea for all those who are automobiles and repairs. You can set up a store selling spare parts for all kinds of vehicles. As thousands of people in Michigan own cars, they will surely like your services and buy what you sell.
15. Start an advertising company
If you are completely into marketing and advertising, and you would like to give your passion a try and start a self-owned business, Michigan is the best place to do so. Small and mid-sized businesses will require your professional assistance to advertise and promote their enterprises, products, and services. In addition, since you will have all types of business niches, you need to develop innovative ideas for advertising and promotions.
16. Start a recycling business
People are increasing in number. Even if we have accepted the trends of eco-sustainability and zero waste, one cannot avoid waste creation. All kinds of waste, including medical waste, needs to be recycled and dealt with effectively. And only a recycling business can do that. If you are ready to make your hands dirty (you actually won’t do it), you can start a relevant recycling business. But we will suggest you do enough research before you venture into this activity. Moreover, you will need to abide by the state and federal regulations while setting up the business.
17. Open a debt management company
Yes, there is something called a debt management company that deals with the effective management of individual and corporate debts. Due to recession, debts are inevitable, but they can be handled by a qualified professional. If you possess the necessary qualifications and expertise, you can start a debt management enterprise and help out individuals and business organizations. Believe us; you will be remarked as one of the lifesavers in Michigan.
18. Venture into bookkeeping services
Another business idea for those who are into financial management services! You can help out individuals and small business organizations maintain financial records. If you can, you can even provide related financial advisory services. The profits are high as you will be charging them on an hourly or per-project basis. Hire experts and get well-versed with the latest financial patterns, and your business will reach remarkable heights.
19. Open a pet shop
For all those who like all kinds of pets and would love to meet furry creatures every day, a pet shop is a brilliant business idea. Maximum residents of Michigan own pets, and they would love to pamper their pets with food and accessories. If you want, you can extend your business to pet grooming, training, etc. But if you would like to keep things simple, even a pet shop will do the job and earn profits.
20. Manufacture and sell dairy products
Since milk is produced in abundance in Michigan and is one of the top products in the state, you can start a dairy-based business. You can prepare relevant foods at your place or even your home, such as cottage cheese, yogurt, buttermilk, ice cream, and others, and sell those. You can even take your business online, where people from all parts of Michigan and outside can purchase your products.
In short, you can venture into several business opportunities. The above 20 are a few worth interesting for you.
Ideas and opportunities in Michigan include business start-up resources, venture capital, technology and sustainable energy investments, higher education and educational opportunities, and public-private partnership initiatives.
Yes, the Michigan Economic Development Corporation (MEDC) offers several tax incentives to businesses and entrepreneurs, including the Michigan Strategic Fund’s Michigan New Jobs Training Program and the Michigan Business Tax Credit Program.
The Michigan Small Business Development Center (MI-SBDC) offers a variety of services and resources to help entrepreneurs launch their own businesses in Michigan, from assisting in developing a business plan to helping secure funding.
Michigan is home to world-class universities and community colleges, as well as a variety of master’s degree, bachelor’s degree, certificate, and diploma programs. There are also numerous job training and career development programs available.
Yes, Michigan provides a wide array of certified apprenticeship programs and specialized training for jobs in the manufacturing, healthcare, natural resources, and technology industries.
Yes, the Michigan Department of Labor and Economic Opportunity (LEO) works with public and private partners to promote economic development and promote job growth in the state. These initiatives include investments in infrastructure, investments in business development and workforce development, and partnerships to encourage businesses to locate or expand in Michigan.
Yes, venture capital is available for companies in Michigan through the Michigan Growth Capital Program and the Michigan Strategic Fund.
Yes, funding is available through the Michigan Department of Energy, Labor, and Economic Growth (DELEG) for energy conservation and efficiency, renewable energy, and biofuel programs.