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17 Best Business Ideas in Michigan

Written by:

Esther is a business strategist with over 20 years of experience as an entrepreneur, executive, educator, and management advisor.

Edited by:

David has been writing and learning about business, finance and globalization for a quarter-century, starting with a small New York consulting firm in the 1990s.

17 Best Business Ideas in Michigan

Michigan boasts a culture of innovation and business-friendly policies. Its largest city, Detroit, is known as Motor City because it’s the birthplace of the automotive industry. Michigan is also known for its long freshwater coastline and vast forests. 

If you’re looking to start a business in Michigan, consider launching an aftermarket auto parts business. You can perhaps set up a farm. Opportunities also abound in other sectors. Check out our list of excellent Michigan business ideas to jumpstart your entrepreneurial journey in the Great Lake State.

1. Manufacturing

How to Start a Pallet Manufacturing Business

In the heartland of American industrial innovation, starting a manufacturing business in Michigan could tap into a rich legacy of production. With access to a skilled workforce and a strategic location near the Great Lakes for easy shipping, entrepreneurs can produce goods ranging from automotive parts to consumer electronics. This sector benefits from Michigan’s supportive business environment and a network of suppliers and service providers.

2. Real Estate

how to start a real estate business

Michigan’s diverse real estate market offers opportunities for residential, commercial, and industrial property development and management. Entrepreneurs can capitalize on the state’s recovering economy by investing in properties, providing property management services, or facilitating real estate transactions. The business thrives on building strong community ties and understanding local market dynamics.

3. Dog Treat Store

How to start a dog treat business

Michigan’s pet-friendly atmosphere creates an excellent opportunity for a dog treat store. Specializing in healthy, locally-sourced, and possibly organic dog treats, such a store can appeal to pet owners who are increasingly conscious about their pets’ well-being. Tapping into the local community and attending pet-related events can be key to this business’s success.

4. Farm

How to start a farm business

The rich soils and favorable climates of Michigan provide a great canvas for a farming business. Entrepreneurs can cultivate a range of crops or raise livestock, potentially focusing on organic farming practices to meet growing demand. Agritourism can be an additional revenue stream, inviting people to experience farm life and purchase produce directly.

5. Retail Store

retail store business idea

Opening a retail store in Michigan’s vibrant cities or charming small towns can capture the spirit of local commerce. Whether specializing in Michigan-made products, outdoor gear for the Great Lakes, or curated fashion, a retail store can become a staple in the community by providing exceptional customer service and a unique shopping experience.

6. Art Gallery

How to start a art gallery

Michigan’s art scene is dynamic and engaging. An art gallery can serve as a cultural hub, showcasing the works of local artists and attracting art enthusiasts. By hosting exhibitions, workshops, and networking events, gallery owners can cultivate a rich arts community and contribute to the state’s cultural economy.

7. Cake Making

How to start a cake business

With a knack for baking and a creative touch, starting a cake-making business can be a sweet endeavor. Custom cakes for celebrations such as weddings, birthdays, and anniversaries are always in demand. A strong online presence and a portfolio of eye-catching designs can help in drawing customers.

8. Lip Gloss Store

How to start a lip gloss business

The beauty industry is booming, and a lip gloss store focusing on quality, variety, and perhaps even customizable options can tap into the market. Michigan entrepreneurs can stand out by offering products that cater to diverse beauty standards and that are made with safe, local ingredients.

9. Gift Basket

How to start a gift basket business

Creating custom gift baskets can be a lucrative business, especially around holidays and special occasions. By sourcing products from Michigan artisans and producers, the business can offer a local touch that appeals to corporate clients and individuals looking for personalized gifts.

10. Clinic

How to start a physical therapy clinic

Starting a medical clinic in Michigan can answer the community’s call for accessible healthcare services. With options ranging from general practice to specialized care, clinics can bridge the healthcare gap, especially in under-served rural or urban areas.

11. Car Rental

How to start a car rental business

A car rental business can be profitable, particularly in tourist areas or near airports. Offering a range of vehicles, from economy to luxury, and providing excellent customer service, can help in building a reputable brand.

12. Music Production Company

How to start a music production company

With Detroit’s rich music history and a vibrant local music scene, a music production company can find many opportunities. By discovering and nurturing local talent, providing recording and production services, and leveraging digital platforms, such a company can make its mark.

13. Advertising Agency

How to start a advertising agency

An advertising agency in Michigan can thrive by helping businesses navigate the digital landscape and traditional media. Tailoring strategies to the diverse Michigan market and focusing on ROI for clients can set an agency apart.

14. Insurance Agency

How to start a insurance agency

With the various needs of Michigan’s residents and businesses, an insurance agency can provide tailored solutions. Whether it’s auto, health, life, or business insurance, there’s a steady demand for coverage and advice.

15. Beauty Supply Store

How to start a skincare business

As trends in personal care continue to evolve, a beauty supply store can offer a range of products, from hair care to skincare and cosmetics. With a focus on diversity and inclusivity in product offerings, such a store can appeal to a broad customer base.

16. Payday Loan Business

How to Start a Money Lending Business

Providing short-term loans, a payday loan business can serve Michigan residents who need quick financial assistance. Compliance with state regulations and a commitment to responsible lending practices are crucial for this type of business.

17. Aftermarket Auto Parts

aftermarket auto parts business idea

Michigan’s deep roots in the auto industry create a ripe environment for an aftermarket auto parts business. Catering to car enthusiasts and the general public, this business can supply parts for customization, maintenance, and performance upgrades.


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17 Best Business Ideas in Michigan