20 Best Business Ideas in Illinois

Illinois has a highly diversified economy, with particularly strong agribusiness and advanced manufacturing sectors. The state hosts many Fortune 500 companies and its biggest city, Chicago, is the US’ third largest metro, with more than 3 million people.

Illinois is home to more than a million small businesses, so if you’re looking to start your own business you’re far from alone. But there’s room for more, like an event planning or catering business, or a taxi or security business. Find out about other great Illinois business ideas below.

1. Manufacturing

Illinois has a strong industrial base, making manufacturing a viable business idea. Ensure you comply with local and state regulations, including obtaining necessary permits from the Illinois Environmental Protection Agency. Focus on networking with local suppliers and understanding your market. Joining trade associations can provide valuable resources and connections.

2. Real Estate

In Illinois, real estate professionals must be licensed by the Illinois Division of Real Estate (DRE). Building a network with local real estate agents and joining the Illinois Realtors association can enhance credibility. Keep abreast of local market trends and consider specializing in a niche, such as commercial properties or residential rentals.

3. Insurance

Starting an insurance company in Illinois requires a license from the Illinois Department of Insurance. You’ll need to pass a licensing exam and meet continuing education requirements. Focus on choosing a specific type of insurance to offer, such as health, life, or auto, and learn about your target demographic to tailor your services.

4. Graphic Design

A graphic design business in Illinois can be launched without specific licensing requirements, but you may need some local licenses (check with the local authorities). Build a robust portfolio and consider specializing in services for a particular industry, like advertising for local businesses or creating digital content. Networking with local business groups and using social media for promotion are effective strategies.

5. Wholesale

A wholesale business in Illinois will need a sales tax license from the Illinois Department of Revenue. Choose a niche market with high demand in the region, such as food products or electronics. Establishing strong relationships with manufacturers and understanding your customer’s needs are crucial for success.

6. Health Care

Starting a health care facility in Illinois involves obtaining licensing from the Illinois Department of Public Health. Focus on a specific sector such as elder care or pediatric services to better cater to your clientele. Ensure compliance with all health regulations and consider partnering with local health professionals for referrals.

7. Tour Guide

Operating a tour guide business in Illinois can be lucrative, especially in historically rich areas like Chicago. No specific state license is required, but check for any local permits. Developing unique and engaging tour packages and promoting them through social media and travel sites can attract tourists.

8. Hotel

Opening a hotel in Illinois requires compliance with state health and safety regulations, and you’ll need to register your business with the Illinois Department of Revenue. Location is crucial, so choose a site near major tourist attractions or business centers. Focus on providing exceptional customer service to stand out from the competition.

9. Kayak Rental

For a kayak rental business, check local regulations regarding water sports and public safety. No specific state license is required, but local permits may be needed. Location is key; consider areas with high tourist traffic like the Great Lakes. Promote your business by partnering with local hotels and travel agencies.

10. Event Planning

Event planning in Illinois can start without specific licenses, but registering your business is recommended. Focus on a niche such as weddings or corporate events. Build a strong vendor network and showcase your events through a professional website and social media to attract clients.

11. Catering

Starting a catering business in Illinois requires kitchen managers to complete an ANSI-accredited Certified Food Protection Manager certification, obtained by taking an accredited course and passing an exam. Focus on creating a diverse menu that can cater to different dietary needs. Building relationships with event planners and venues can help grow your business.

12. Craft Shop

A craft shop in Illinois can be a great outlet for local artisans. While no specific state license is needed, local permits may be necessary. Consider a location that attracts tourists or has heavy foot traffic. Offering workshops and classes can also attract more customers.

13. Food Truck

Operating a food truck in Illinois requires a mobile food vendor license from the city you operate in, such as Chicago. Focus on a unique food concept that appeals to a broad audience. Regularly changing locations and using social media to announce your whereabouts can help build a following.

14. Social Media Management

Starting a social media management business requires no specific licensing in Illinois. Stay current with digital marketing trends and platforms. Offering tailored packages to small businesses can be a good entry strategy, leveraging local networking for client acquisition.

15. Hair Salon

Opening a hair salon in Illinois requires a cosmetology license from the Illinois Department of Financial and Professional Regulation. Choose a location with good visibility and foot traffic. Offering a range of services, from cutting and coloring to styling, can cater to diverse client needs.

16. Security Company

To start a security company in Illinois, you’ll need a Private Security Contractor license from the Illinois Department of Financial and Professional Regulation. Hiring trained and licensed security personnel is key. Focus on specific markets like commercial properties or retail establishments.

17. Taxi

Operating a taxi service in Illinois requires a commercial driver’s license from the Illinois Secretary of State and adherence to local municipality regulations. Consider modernizing your service with a mobile app for bookings and payments to enhance customer convenience and compete with ride-sharing services.

18. Shirt Printing

A shirt printing business in Illinois can start without specific licensing, but registering your business is essential. Offering customizable options and quick turnaround times can set you apart. Marketing your services to local businesses, schools, and events can generate steady orders.

19. Waste Management

Starting a waste management company in Illinois requires compliance with state environmental regulations and possibly a permit from the Illinois Environmental Protection Agency. Focus on sectors like residential or commercial waste collection and consider recycling services to expand your offerings.

20. Fashion Line

Launching a fashion line in Illinois does not require specific licensing but registering your business is crucial. Focus on a niche market or style, such as eco-friendly fabrics or local designs. Building a strong online presence and participating in local fashion shows can help gain visibility and attract customers.