Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
One of the best things about Florida is that there is no state personal income tax, therefore if you set up a business as a sole proprietorship or a partnership, you can enjoy that advantage.
To be sure, if your small business depends on the average person having permanent access to credit for superfluous spending, your profits, if any, will be small.
Best is to have an internet-based business, or in any case a low fixed cost business, that serves other business, preferably involved with the fast-growing (at least until last year) part of the economy, international trade, and in Florida that usually means trade with Latin America, but not only.
Accounting and health-care related can also do well if you can find a niche.
It is worth repeating that one key to success for a small business is finding a niche. If successful, the advantage is higher than average income, not to mention the good feeling of being one's own boss, regulating one's own time, making one's own decisions.
One can also do well in very practical areas like electrician, plumber, HVAC maintenance and sales, car repair, handyman, landscaping, lawn care, though some of these are like commodities and competition can be fierce.
Unless it is a small manufacturing business, the small business faces income constraints because of economies of scale.
Moreover, the businessman is always busy, even on Sundays, during births and deaths in the family, when traveling, when at home, etc.
For Florida, then, a low-cost niche business selling preferably to other businesses, maximize revenues.
US economy is overall not too good for new business startups (unless you have reserves to ride out at least a year or more to become established). You would also be advised to plan for the smallest customer base in the smallest space, and expand with growth later.
Some markets are better than others, but not by much. You will be competing with established companies which can run offers to keep traffic, over long periods of time. Can you afford to do this as a start-up?
Because, I'm assuming your connections to Paris, would this factor in choosing cities which have direct flights such as Miami, Atlanta, Charlotte, NYC, Washington DC, Boston or Philadelphia, etc? Or will you be willing to make connections to other markets?
Because French are recognized in USA for food products, services and restaurants; fashion/cosmetics; engineering and autos; fabrics, wallpapers and decor supplies; historical design construction supplies; art/antiques; studio musicians; and graphics design/printing, have you considered these options? Any connections to these industries which would provide you with focus?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
