Intensive growth of eleven major industries has created a fantastic environment for franchise business opportunities in Texas. These major industries are mining, construction, manufacturing, trade, Transportation, Utilities, Financial Activities, Professional and Business Services, Education and Health Services, Leisure and Hospitality, and Other Services.
Travel is also an important industry in Texas, and the state is a favorite destination for both domestic and international visitors. Tourism revenues provide significant economic benefits for the Texas economy.
According to the U.S. Bureau of Economic Analysis (BEA) news releases, Texas ranked No. 5 for the percentage of change in personal income growth by state between 2013 and 2014. The Texas gross state product (GSP) for Calendar Year 2014 was estimated at $1,657.23 billion in current dollars and continues to show diversification in goods and services, according to the Texas Comptroller of Public Accounts (CPA).
Here we have compiled the most profitable small business ideas in Texas that might help you in making an informed decision.
Here is the list of Top 10 Small Business Ideas in Dallas Texas
1. Auto Repair Services
There is a huge demand for good quality auto repairing services in Texas. If you are an automobile enthusiast, starting an auto repairing service business will fetch you good profits. In addition to auto repairing services, you can also provide services like body repair, auto detailing, vehicle painting, auto insurance, etc.
2. Fitness Centre
There is a widespread problem of obesity in Texas. The problem is more observed in children. If you are already a fitness trainer, starting a fitness center is an obvious option. Even you are not, you can talk to the federal association of Professional Trainers and learn from them the requirements to be a fitness trainer.
3. Barber Shop
If you are in the hairstyling industry, consider starting a barbershop in Texas. There is a good demand for professional barber professionals here.
4. Beauty Salon
The salon industry has progressed in Texas manifold in recent years. There are many types of salons you can start. It can be a beauty salon, hair salon, day spa, etc.
5. Electronic Gadget Repairing
If you are good at repairing electronic gadgets like smartphones, tablets, laptops, etc starting a gadget repairing shop is surely going to make decent profits in Texas.
6. Cleaning & Maintenance
7. Day Care
There is a good demand for professional daycare centers here in this city. If you enjoy spending time with kids, starting a daycare business will not only give you satisfaction but also a good income opportunity.
If you are a teacher or specialized in certain subjects or subjects, parents in Texas will not mind paying more for your services to their child. You can start a tutoring business right from your home.
9. Pet Store
The pet store business has grown in Texas in recent years. You can provide services like pet daycare, pet raining, etc.
10. Fast Food Restaurant
Fast Food restaurant in Texas is perhaps the most happening food-related business in this city. If you have a retail space with good footfall, starting a fast food restaurant is always a profitable business opportunity here.
How to Start a Business in Texas
If you are looking forward to starting a business in Texas, there are certain legal steps you need to follow.
- Decide on a Business Structure – It can be DBA, LLC, or a Corporation.
- Pick a Business Name – Check the name with US Patent and Trademark Office (USPTO) and also search whether a relevant business domain name is available or not.
- Register the Business
- Obtain your Federal Employer Identification Number (FEIN or “EIN”)
- Create a Business Bank Account.
- Get licenses and permits required to conduct the chosen business.
This list of small business ideas in Texas with business opportunities in Texas will be updated as we get more suggestions and feedbacks verified by our research team