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13 Best Business Ideas in Mississippi

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Published on September 16, 2022

Updated on September 16, 2022

13 Best Business Ideas in Mississippi

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13 Best Business Ideas in Mississippi

Mississippi is recovering from the steep recession caused by the COVID-19 pandemic, with pent-up demand for consumer goods driving growth. Other sectors contributing to growth are accommodations and food services, real estate and leasing, healthcare, and administrative support. 

If you’re thinking about launching a business in Mississippi, you might consider opening a boutique or restaurant. You can go into retail and sell ice cream, liquor, and other drinks. There are many business ideas in Mississippi to choose from. Take your pick from our list below.

1. Ice Cream Shop

Ice Cream Business

Did you know that the average American consumes nearly half a pound of ice cream per week? People really do scream for ice cream, and that craving is not going away anytime soon, which is why it’s always a good time to start an ice cream business. 

There are a few key steps to getting started the right way. You’ll need to find the highest-quality ingredients, outfit your kitchen with the right equipment and come up with a few inventive, appealing flavors. And you’ll also need to meet the licensing and safety requirements for food products. But once you’ve got that down, you can offer your goods online, do a bit of marketing and start selling to ice cream lovers around the country, and around the world. Soon enough you’ll be opening enough stores to challenge Ben & Jerry.

2. Gas Station

Gas Station

Gas stations are leading retail sales gains in the US as sales continue to increase year on year despite the surge in pump prices. In February 2022, sales at gas stations increased at least 36% compared to the previous year. Gas stations can be very profitable when they’re strategically located and well-managed. If you have a property at the heart of a commercial district or you are presented with the opportunity to acquire a gas station with a good location, then you should consider starting a gas station business. 

A gas station requires a significant investment if you’re building from scratch, so it’s important to identify funding sources before you get started. An option is to buy an existing gas station, but not before you check for any legal, environmental and other issues affecting the property. You will need to get a license and comply with applicable underground storage regulations. With careful planning, you can make your gas station business successful.

3. Liquor Store

Liquor Business

The great thing about getting into the liquor business is that it’s economy-proof. When the economy is doing well, people want to celebrate with some wine and champagne. When recession hits, people need to drown their sorrows with a drink or two. That explains why the liquor industry has seen steady growth in recent years and is expected to continue to expand. 

It’s always a good time to start a liquor business, and you could start yours now and help people celebrate the end of the pandemic while setting yourself up for a good living. You’ll need to find a reliable distributor to partner with, preferably with a wide range of alcoholic drinks at reasonable prices. And you’ll also need to get your required licenses and permits and rent out a shop space in a location with good traffic. 

Once that’s all sorted, have a drink on the house because you’ll soon be on Easy Street.

4. Restaurant

Restaurant Business

So you’ve decided to start a restaurant business. Congratulations! Opening a restaurant is no easy task, but it can be very lucrative. The food service industry in the US is expected to bounce back from pandemic slump due to pent-up demand and generate $900 billion in sales in 2022. 

The pandemic, however, has reshaped the industry and many restaurant operators believe it would take a year or more before business conditions return to normal. But if you’re keeping track of the trends, you would establish a digital presence and work on offering delivery services before opening your doors.  

There are many other things to consider. First, it’s important to decide what type of restaurant you want to open. Do you want to serve classic American fare, or specialize in a certain cuisine? Do you want to do casual or fine dining? What about a family-style restaurant? Next, it’s a good idea to research the competition in your area and come up with a plan to set yourself apart. Starting a restaurant can be tough, but if you’re prepared for the challenges ahead, it can be an incredibly rewarding experience.

5. Tattoo Studio

Tattoo

Getting a tattoo has long been used as a form of self-expression. Anyone who’s ever gone under the needle knows that it’s a pretty serious decision. It’s not like getting your nails done; you’re going to be living with a tattoo for the rest of your life (or at least until you cover it up with another one or have it removed). But tattooing remains popular, especially among the millennials, and the tattoo artists market in the US is anticipated to grow at least 5% in 2022 as pandemic restrictions are lifted.

If you’re thinking about setting up a tattoo business, know that you’ll be up for some stiff competition. Start by finding out the licensing and insurance requirements. The next step is to carefully choose the location of your tattoo parlor. It’s to your advantage to prepare tons of unique tattoo designs to win over some customers. The more diverse your designs are, the greater your chances of impressing potential customers.

6. Subscription Box Business

Subscription Box Business

Who doesn’t love package deliveries? That’s why Amazon’s grown’s so fast, and why subscription box services, which entail the recurring delivery of niche items like organic fruits or handmade clothing, have emerged so quickly. A decade ago the fledgling subscription box industry took in about $57 million in revenue. Today it’s worth nearly $20 billion, and its spectacular growth is expected to continue through 2027. 

You could start your own subscription box business and provide excellent products to customers who appreciate them while grabbing a share of this booming market. You could offer a wealth of products, from food and drink, to grooming, hygiene and fitness, clothing, books, pet supplies and more, and then let customers curate their own deliveries. Or you could focus on a single product line, such as New England jams and jellies, and fill each delivery box with a surprise gift. 

To get started, research the subscription box market, find out what’s doing well and keep your eye out for a market gap to fill. Once you’ve found a fantastic supplier, you’ll be on the road to subscription success!

7. Crowdfunding

Crowdfunding

Do you have an innovative business idea that could use a little boost? Crowdfunding may be the answer! So how about starting your own crowdfunding business? The US crowdfunding market is projected to be stable in the next five years, reaching a total transaction value of nearly $580 million by 2026. 

You can start your crowdfunding business by developing a website that will enable interaction between fundraisers and the crowd. Through this crowdfunding platform, the crowd may make financial pledges to support a startup or help someone in need. Among the more popular crowdfunding platforms are Kickstarter, Patreon, GoFundMe and Indiegogo. 

Before you can start, you will need to decide what kind of crowdfunding platform you’ll create. Kickstarter and GoFundMe merely ask for donations. You can also set up an equity-based crowdfunding platform, which raises capital for startups and provides investors with a financial return. Regulated crowdfunding is also equity-based, but is regulated by the US Securities and Exchange Commission because it deals with securities.

8. Matchmaking

Matchmaking

Thanks to emerging technologies, people are able to establish personal and business partnerships, stay in touch, and connect more deeply with each other. Facilitating these partnerships by starting your own matchmaking business might be a good option for you. It can be a very profitable venture, and there’s always a demand for these services. 

Matchmaking businesses focusing on dating services are expected to exceed $600 million in market size and attract more than five million users by 2026. Companies that focus on business matchmaking are also expected to grow steadily as more under-resourced or inexperienced businesses seek partners that can boost their operations and give them a competitive edge. 

From online dating to business contract evaluation or government job matching, there’s software that can help address your needs. To find clients, it’s important to wage a creative marketing campaign. Once you get clients, make sure to ask the right questions to encourage them to disclose all the necessary information. So what are you waiting for? Get started today!

9. Boutique

Boutique Business

Are you obsessed with fashion? Do you have an eye for trends? If so, starting your own boutique may be a great fit for you. Following years of steady growth, the US clothing boutique industry is worth more than $18 billion. More and more of today’s serious shoppers tend to walk right past the brand outlets and department stores and head straight for the exclusive boutiques offering new, unique and vintage clothing and accessories not found anywhere else. 

To draw them in, you will need to establish a strong based on your own sense of style. You might embrace a pre-WWII theme and embrace flapper dresses, hats and brooches. Or maybe you’re a disco lover and all about bell bottoms, short shorts, tube tops and more. Or you could go with a clean and simple, more futuristic look. The key is finding and highlighting your own sharp fashion sense. If it’s right, the shoppers will come.

10. Beverage Company

Drink Business

If you’re like most people, you probably enjoy a nice cold drink on a hot day. And what’s not to love about drinks? They can be refreshing, flavorful and satisfying. Plus, there are so many different kinds to choose from. If you’re interested in starting your own drink business, you’re in luck. The US beverage industry is valued at $146 billion and still growing. Globally, the industry is expected to post consistent growth of around 2% per year through 2026. 

There are many different ways to get started in the drink industry, so it’s important to do your research and figure out the niche market that’s the best fit for you. Will you be focusing on carbonated drinks, wine and spirits, coffee and tea, water, juice, beer, or energy drinks? Once you have that figured out, find reliable suppliers and work on your regulatory requirements to make sure your business is legally compliant. Having a website and social media accounts would promote your business and increase your chances of success.

11. Graphic Design

Graphic Design

Strong graphic design is a crucial element of nearly every business’s branding and marketing strategy, which is why it’s always in great demand. After years of steady growth, the US graphic design industry is worth nearly $14 billion and offers real opportunity for the bold entrepreneur. You could start your own graphic design business from home and work with clients around the world, generating good money and turning your creative passion into a successful career. 

You will, however, need to have a strong creative streak and some skill and experience with graphic design software and tools. If you don’t have a related degree, you could brush up on your graphic design skills by taking courses at an online platform like Udemy. Next, it’s a good idea to research the market, see what sort of graphic design is trending lately, and keep an eye out for a market gap that might fit your skillset. 

Understanding and clarifying what you will offer, which businesses you are targeting and how you’ll stand out from the competition will be crucial elements to your success.

12. Business Coaching

Coaching Business

Not long ago, there were only a handful of coaching firms in the United States. Today there are more than 2,200 and the coaching industry is worth more than $11 billion and still seeing strong growth. Americans have learned to appreciate the value of good insight and planning, particularly when it comes to major decisions involving their finances, career and personal matters. 

If you have expertise in any of these areas, you could start your own coaching business and help people lead more fulfilling lives while grabbing a slice of this fast-growing market. It’s easy to get started. You just need a reliable computer, some relevant experience and a strong marketing campaign, highlighting your skills on social media and beyond. 

The challenge will be attracting and maintaining clients, so you’ll need to find a way to stand out from the coaching crowd and prove your worth. A great website will surely help.

13. Fitness Center

Fitness

Americans have never been more concerned about their health, which is helping drive widespread interest in achieving better fitness. The US gym and fitness industry is worth $36 billion after years of strong growth. As the pandemic recedes and people get back out there, that market expansion is expected to continue. Even if you’re not a fitness junkie, you could start your own fitness business and help people live healthier, happier lives while earning a solid income. 

You don’t even need a physical location. If you have some experience in fitness, you could begin by offering online classes, such as in yoga, Zumba or pilates. Then, once you’ve built up a brand, you could open your first location and start building your fitness empire. Just be sure to get all the required licenses and permits as well as a strong insurance plan — you don’t want your new fitness business to be sidetracked by a customer injury.