Famous around the world for its exotic beaches and natural beauty, Hawaii is considered one of the most visited tourist destinations in America. The state is primarily driven by tourism, hospitality, and agriculture. But small businesses around travel and agriculture has developed greatly in the last few years.
Hawaii has several beaches with a variety of vegetative crops growing in the state. The economy of the state is quite balanced with a growing export industry. If you are planning to start a small business in Hawaii, these are some of the profitable investment opportunities to consider.
Best 20 Small Business ideas & Opportunities in Hawaii
Here is the list of top profitable businesses in Hawaii to start with low or almost no money:
1. Homestay Services
Being a primarily tourism-driven state, Hawaii boasts immense opportunities for bed and breakfast business. Spare a couple of rooms, arrange the basic amenities, register your service on online booking portals and you are good to go.
2. Tour Guide
Hawaii is a location with huge diversity. With numerous beaches and good tourist sites around, a good tour guide is always in demand in the state. All you need is a basic license and registration to start your business.
3. Customized Tour Services
Tourists often look for specific tours in Hawaii. If you can arrange customized tours and travel plans for visiting tourists, you can start your own customized tour service in Hawaii.
Hawaii has a rich history for vegetation and crops. The state is famous to export different products to other states of the country. If you have a land, starting your own farming business can turn out to be profitable.
5. Vacation Rental Services
If you have an apartment or house to rent, you can offer your place on a temporary basis to tourists. Often travelers look for an alternative to a hotel for a place where they can enjoy staying on their own.
6. Virtual Assistant
Looking for a job you can do from the comfort of your home? Companies often look for virtual assistants who can help them manage their workforce. You can work online according to your schedule and timings.
7. Travel Agency
With a huge demand for package services in Hawaii, you can start a travel agency. Tour packages offering services including activities, airlines, car rentals, cruise lines, hotels, travel insurance can be an instant hit.
8. Taxi Service
The state is highly dependent on water transportation, but still, there are a lot of well-connected roads. With so many tourists, either you can sign up with Uber or start your own taxi service in Hawaii.
Tourists visiting the state try out local food and experiment with the Hawaiian cuisine. If you have been planning to start a cafe in the state, you can surely go ahead and executive your idea.
10. Water Activities Service
With so many beaches and waterfronts around, the state has some exciting water activities available. Travelers often try out different entertainment activities available at beaches.
11. Online Survey
If you don’t want to invest anything and plan to make money from home, nothing can be better than online surveys. You have to complete different surveys online and get accordingly.
12. Antique Shop
With so many tourists in the state often looking around to buy something, nothing can be better than antiques. Known for their superficial and historical value, an antique shop with a variety of products can make huge profits.
13. Beer Bar
Starting a microbrewery or a beer bar in Hawaii can be hugely profitable. The state has innumerable tourists visiting the state every year. They will need a place to chill and hang out, providing a potential market for your bar.
14. Food Truck
If you can’t afford a cafe, starting a food cafe is a good idea. You can move your mobile food truck from a beach to beach, and serve what you like at whatever time you want to operate.
15. Cleaning Services
With a host of hotels and resorts, a well-networked cleaning service can be very successful in Hawaii. Generally, the hotels outsource the cleaning job and you can tie up to create your own client chain.
16. Water Transport Services
Hawaii is largely dependent on water transportation. Starting a speedboat and canoe transportation service in Hawaii can be a good idea. You can offer services between different islands through the water.
17. Online Business Consultancy
The state has a number of businesses operating on a small scale. With the internet growing, these firms are now trying to go online. You as a business consultant can offer such services.
18. Grocery Shop
Grocery stores are quite profitable in Hawaii. Packaged foods are best sellers in the state with non-perishable food items including bakeries, butchers, delis and fresh products.
19. Barber Shop
Hairstyling industry has grown immensely. You can offer services related to haircut, dressing, grooming, and styling at your barbershop. There’s a one time fixed investment with low running costs involved.
20. Smartphone Repairing Shop
In America, a smartphone breaks in every two seconds. The smartphone repairs include LCD assembly, part repairing and fixing offering a stable market for smartphone repairs.
Best Places To Start A Business In Hawaii Honolulu
Choosing the right location is going to determine how your business runs. Here are some of the best places in Hawaii to start your business:
How To Register Your Business In Hawaii Honolulu?
Follow the given steps to legally register your business in Hawaii:
Step 1. Choose your business idea from the above.
Step 2. Once decided, execute and arrange your finances accordingly.
Step 3. Prepare a business plan.
Step 4. Register your business (preferably as an LLC).
Step 5. Apply for Federal EIN.
Step 6. Get your business insurance and set up your accounting.
Step 7. Plan your marketing and sales strategy.
Step 8. Choose an agency to help you promote your business.
Finally, few words as advice. If you are planning to start a business in Hawaii, try to spend at least a couple of months or a year before you start your venture. It is very important to understand the buying attitude of people living here is quite different from other regions of the United States. We hope the business ideas mentioned above will inspire you to start your own small venture here in Hawaii.