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12 Best Business Ideas In North Dakota

Written by:

Edited by:

Reviewed by: Daniel Javor

Published on September 29, 2022

Updated on November 12, 2022

12 Best Business Ideas In North Dakota

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12 Best Business Ideas In North Dakota

North Dakota is one of the largest, but is also among the least populous states. It’s known for the Badlands, which is now part of the Theodore Roosevelt National Park. While the state is home to many farms and ranches, it also has a booming oil and gas extraction industry. 

The industries with the highest employment are healthcare, retail trade, and professional services. If you’re thinking about starting a business, consider a tourism or wellness business. You can also set up a farm. Scroll through our list of business ideas in North Dakota and see if something sparks your interest.

1. Catering

How to start a catering business

Do you have great culinary skills? Have you always dreamed of making your delicious dishes for hundreds of people? Now is a great time to start a catering business. The industry is seeing strong growth as the pandemic recedes and more and more people plan major events, like weddings and corporate affairs. 

The crucial first step will be nailing down an initial menu. Do you favor traditional American dishes? Are you obsessed with Italian? Or maybe Mexican, Thai or Middle Eastern food is more your thing. Once you decide, fill out the menu with appetizer options, second courses, soups and salads, and a selection of entrees and desserts. And don’t forget Americans’ dietary issues — be sure to include low-fat, gluten-free, vegetarian and vegan options. 

Next you’ll want to nail down your product offerings. For example, some caterers today are providing box lunches for in-office events. You should also consider embracing technology, as today’s top event planners often use apps to book the best caterers. Lastly, it’s crucial that you acquire all the necessary licenses and permits, as food businesses are strictly regulated. 

Now you’re ready to get in the kitchen and start making a lot of smiling faces, and a lot of money.

2. Farm

How to start a farm business

Do you have a green thumb and always dreamed of starting your own farm? Well now is a great time to take the plunge, with countless people leaving cities for the countryside and looking to eat healthier, all-natural foods fresh from the farm. Farming is a trillion-dollar industry in the US, and offers considerable opportunity for the hard-working entrepreneur. 

And there will be hard work. Farming is not as easy as putting on overalls. You’ll need to find and purchase the right piece of land. You’ll need to choose your crops. Maybe heirloom tomatoes, zucchini and soy beans? Next, work the soil and make sure it’s ready for planting, then keep your fields clear of insects and blight. You’ll also want to decide on livestock. Will you have chickens, lambs, cows, pigs? There’s so much work to do on the farm, but you’ll get to work in the great outdoors, providing nourishing foods to your family and community.

3. Recruiting Agency

How to start a recruiting business

If you’re an entrepreneur, you know just how tricky hiring can be. You’ll think you’ve found the perfect new staffer, but within a few weeks he’s made every mistake in the book. That’s why recruiting services are so valuable, and why employee and executive recruitment is a growing multi-billion-dollar industry in the US. Few businesses have the time and resources needed to conduct a thorough search, do the proper vetting and narrow down the list of candidates. And that’s where you and your recruiting business come in. 

Getting started is relatively simple. You’ll need to be good at understanding what people want and how they’ll respond in certain situations, and it helps if you have significant experience and a sizable rolodex in a certain field. But even without that, you can reach out to your own network and take a wide variety of recruiting classes online. With some serious study and determination, you could soon be recruiting executives for Fortune 500 companies.

4. Check Cashing

How to start a check cashing business

The check cashing industry, which allows customers to cash their paychecks and other types of checks for a fee, has been booming. It’s fast and convenient, but also comes with high costs. 

There are about 12,000 check cashing stores across the country. Together with the payday loan outlets, pawn shops, and money transfer agents, they form part of the alternative financial services sector which serves more than 12 million American households that either have no bank accounts or choose not to transact with banks. 

If you’re looking for a lucrative business idea, starting a check cashing business may be the perfect venture for you. While making big profits, you will be helping achieve financial inclusion by serving the unbanked population. Most check cashing companies open a store, but you have the option of establishing an online or mobile business which can still be profitable. Investing in technology is to your advantage. You will also need to secure licenses and permits as well as comply with the applicable laws and regulations.

5. Wellness Center

How to start a spa business

If you’re passionate about health and want to help other people improve their lives, a wellness business might be best for you. It can be financially rewarding, too. As the world emerges from the COVID-19 pandemic, the global wellness industry is expected to recover from the slowdown and projected to grow nearly 10% annually to approach $7 trillion by 2025. This presents an opportunity for you to start a wellness business. 

Before you get started, it’s a good idea to decide on your niche market. Are you thinking of simply selling health and wellness products? Perhaps you could focus on providing health and wellness services. Would you open a massage or yoga studio? How about a retreat center or treatment spa? Find the answers to your questions as you research more on the subject. Keep in mind that every business is different, so you’ll need to tailor any tips to fit your specific situation.

6. Hair Salon

How to start a hair salon

Hair is big business, worth more than $46 billion in the US alone. More importantly, it’s set to grow nearly 40% by 2027, which means there’s no shortage of opportunity for bold and talented entrepreneurs. If you’re good with hair and have a strong sense of style, you could start your own salon and help people look better and feel more confident while making a good living. 

It can be a very rewarding experience, but it’s not without its challenges. Assuming you don’t plan to be a mobile salon and make house calls, your first order of business will be to find a great space, preferably in a location with good foot and vehicular traffic. Next, you’ll want to build it out in a way that suits your personal style and provides a comfortable place for your clientele. Finally, you’ll want to decide on your products and services — will you offer only styling, or also shampooing and dying? Maybe you’ll want to offer added services like nails and head massages? 

Once you’ve decided all that, and gotten your required licenses and permits, you’ll just need to do some strong marketing across social media and in your area to get those first customers coming through the door.

7. Manufacturing Company

How to Start a Pallet Manufacturing Business

A great deal of manufacturing has moved overseas in recent decades, but US manufacturing is still an $8 billion industry that has seen steady growth in recent years. Manufacturing businesses can be extremely profitable, but they also require a lot of planning and hard work.  

The first step is to decide what you’re going to produce. Do some market research and see which products are selling well and where there may be a market gap. You should keep an eye out for products that are more affordable to manufacture or offer a significant markup and strong profits. Next, you’ll need to rent or purchase a manufacturing facility, preferably in an out-of-the-way location to keep costs low. Once you start making your products, you’ll need to have them tested and certified and acquire all the necessary licenses and permits. 

Finally, you’ll be ready to launch a marketing campaign that, with a bit of luck, should start bringing in orders and put you back in the black.

8. Dry Cleaning

How to start a dry cleaning business

There are no hard and fast rules when it comes to dry cleaning your clothes. Some have their formal suits or gowns dry cleaned after the third wear while others do it after five or six wears. One thing is sure, though — as the economy improves and more social gatherings are held, the $8 billion dry cleaning industry is expected to bounce back from decline in the last two years. It would be wise to start your dry cleaning business now and position yourself for success. 

Before you get started, it is important to identify your target market and decide what services you’re going to offer. Besides individual consumers and corporate clients, other potential customers include hotels, restaurants and hospitals. You could provide full-service laundering and dry cleaning services as well as special services for certain types of garments such as fur, leather and suede. Once you’ve complied with all legal and regulatory requirements, you should embark on a marketing campaign to promote your business.

9. Cremation Service

How to start a crematorium

Do you have a bit of a morbid streak? Well then you might be pleased to learn that the US cremation industry has seen steady growth in recent years as more and more Americans choose to be cremated, rather than buried. By starting your own cremation service, you could scratch your itch for the macabre and provide a necessary service for grieving loved ones while making good money. 

By 2040, 8 out of 10 Americans are expected to choose cremation over burial, mainly because costs half as much. You could ride that wave of growth, but first you’ll need to make a major investment and decide whether you’ll use a traditional flame-based system or more eco-friendly alkaline hydrolysis. You’ll also need to get the required licenses and permits and decide whether you want to offer additional products and services. Some crematoriums offer wearables such as an ash-filled locket, or focus solely on the cremation of pets.

10. Tourism Agency

How to start a travel agency business

If you’re looking to start your own tourism business, you’re in luck! The US has reopened its land and air borders to vaccinated tourists. After suffering devastating losses due to the pandemic, the tourism industry is poised for growth. The US Travel Association says domestic leisure travel is expected to surpass pre-pandemic levels in 2022 as 82% of American travelers are excited to travel in the next 12 months. International inbound travel, on the other hand, is anticipated to increase gradually and fully recover in 2024 or 2025. This is the highest level since the start of the pandemic. 

When starting a tourism business, it is important to keep track of the latest Covid-19 travel guidelines per state or city so you can properly advise your clients. Besides complying with licensing, insurance and other regulations, you will need to choose your niche market from the get-go. You will also need to be creative and come up with a marketing strategy. You can start by building social media presence to promote your services and attract clients.

11. IT Consulting

How to start a consulting business

As our world becomes increasingly digital, it’s no surprise that more and more businesses need guidance and insight on how to adapt and take advantage of this new technological landscape. This helps explain why IT consulting in the United States has been growing fast and is already worth more than half a trillion dollars. The industry is expected to expand further in the years ahead, which means now is a fantastic time to start your own IT consulting firm and get in on the action. 

The crucial element is expertise. If you have a computer science, IT or engineering degree and have spent a few years doing related work at a respectable consulting or tech firm, you have the resume needed to become an IT consultant. You’ll need to build a strong website and register your business, but you could soon be offering your tech insights to top businesses. Provide quality consulting for the first few clients, and you’ll be well on your way to building a reputation, getting some referrals and being a successful entrepreneur.

12. Daycare Center

How to start a daycare business

Do you love spending time with young children? If so, a daycare business could be the perfect venture for you. Busy parents often need childcare services while at work, so you would be providing a crucial service while spending your day with toddlers.   

You’ll need to acquire daycare certification, which usually entails a relevant or at least two years caring for children. You’ll also need to find a good-sized space, preferably in a residential area with minimal competition. And you should outfit it with lots of toys, drawing materials, high chairs, cribs, and more, and get yourself some good insurance, because little kids tend to find trouble. 

Once all that’s done, you’ll just need an appealing website and a decent marketing campaign, and you’ll be off and running.