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11 Best Business Ideas in Oklahoma

Written by:

Edited by:

Reviewed by: Daniel Javor

Published on September 29, 2022

Updated on November 12, 2022

11 Best Business Ideas in Oklahoma

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11 Best Business Ideas in Oklahoma

One of America’s top producers of petroleum, crude oil and natural gas, Oklahoma is on the rebound from the recession caused by the coronavirus pandemic. Jobs are still being created, especially in the more labor-intensive services sector, which ranges from retail and leisure-related services to professional and technical services.

If you’re looking for guidance on what business to launch, take a look at our list of business ideas in Oklahoma. Among the possible ventures are recycling, coaching, staffing and janitorial services. Scroll down for more information. 

1. Recycling Company

How to start a recycling business

Are you all about going green and saving the environment? Then why not start a recycling business and turn your passion into your livelihood. You could be fighting climate change and making good money at the same time — now that’s a win-win! 

Getting started won’t be cheap, as you’ll need a vehicle to collect and transport the recyclables and a sizable processing facility, as well the appropriate licenses. But you should see a relatively quick return on that initial investment as the US recycling industry is worth billions and growing fast. You’ll just need to decide which types of recyclables you’ll focus on, such as collecting glass to melt down into jars. 

Before you dive in, you might want to check the recycling rates for your state, as some states are much more profitable when it comes to recycling.

2. Food Trailer

How to start a food truck business

More than 35,000 food trucks are currently operating across the US, and the number is expected to rise as consumer spending increases. These food trucks prepare and serve food, ranging from hotdogs and tacos to ethnic menus and gourmet cuisine. They can be found on sidewalks and in parking lots and parks. If you’re an entrepreneur with a love of food, starting a food trailer business might be the perfect way to turn your passion into a career. 

Before you open your food trailer, it’s important that you research the market and see what other food trucks are serving. It’s a good idea to decide what kind of food to offer and find your own niche market. It would be easy to market your business if you come up with a unique offering or a fresh take on food truck fare. You will also need to comply with your state’s permit and licensing requirements. When you’re ready, take your truck to the park and start cooking!

3. Freelance Writing

How to start a freelance writing business

In this age of social media and digital marketing, opportunities abound for skilled and creative writers who can connect to any audience. In the US, employment of writers and authors is projected to grow nearly 10% per year through 2030. If you’re looking to capitalize on your writing skills and creativity, you might want to consider setting up a freelance writing business. You could write or ghostwrite for magazines, books, blogs, organizations and corporate clients. 

There’s nothing easy about freelance writing, though. You would be competing with millions of writers on known freelancing platforms so you’d have to work first at establishing your brand as a writer. Create a blog or a website, set up an account on social media and networking platforms, and connect with other writers to find your first client. It would take a lot of hard work, patience and dedication for you to succeed. But once you start to find some clients, you can expect to land more contracts.

4. Health Care

How to start a home health care business

Thinking of setting up a health care business? You’re on the right track. Demand for health care services is on the rise mainly due to an aging population in the US. By 2030, the number of American adults age 65 and older is forecast to exceed 60 million. This means increased health care spending. Which segments are booming, you might ask. Profits are growing fastest in medtech and health care information technology (IT). 

So what are you waiting for? Now’s the time to start a health care business. Take the first step by finding a niche that you can focus on. Make sure you have the necessary permits and licenses, whether you’re thinking of starting a medical practice, home health care company, or something else entirely. You’ll also need to decide on a value proposition that will set you apart from the competition and make it easier for you to promote your business.

5. 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.

6. Construction Company

How to start a construction company

If you’re looking for a venture that will make big profits and create jobs, then consider starting a construction business. The US construction industry was estimated to be worth $1.4 trillion and employed more than seven million people as of 2020. Although it suffered a slump in the last two years because of the pandemic, it is anticipated to rebound strongly as the government’s stimulus package is expected to boost infrastructure spending. 

There are a few things you need to know first, like choosing a business structure. You’ll need to comply with legal, insurance, and other requirements to avoid legal issues later on. It’s also a good idea to prepare a business plan, which will include your financial and marketing plans, to give you a clearer picture of what your company needs and how it will operate. It would also be wise to contract the services of a lawyer to help with crafting contracts, agreements, and other legal documents before moving forward with any construction projects. Starting a construction business can be challenging but you can make it work if you plan carefully and invest time and money in it.

7. Staffing Agency

How to start a staffing agency

It doesn’t take rocket science to start a staffing business. But it’s to your advantage to have an expansive network. If you have a lot of connections, you can set up your own staffing business and help companies find the right employees while raking in some profits. The US staffing market was estimated at a little more than $150 billion by the end of 2021. The market is expected to grow as job openings reach record highs in the US, following the so-called Great Resignation which saw millions of Americans quitting their jobs in November 2021.  

To get your new business off the ground and running successfully, you will need to define your business model. Will you provide a full-time staffing service, which means you will get a one-time commission for recruiting candidates for full-time positions? Or will you be providing temporary and contractual workers? Your commission will vary depending on the business model that you will adopt. Niche recruitment and having a big candidate base can spell the difference for your business.

8. Insurance Agency

How to start a insurance agency

Starting an insurance business can be a great way to make a profit while helping others plan for the future and hedge against financial losses. The global insurance industry has been growing, with revenues estimated to reach more than $6 trillion in 2025. Analysts believe the industry is poised for a more rapid growth as the world recovers from the pandemic. This could be the right time for you to start your own insurance business.

You can start small by setting up an office affiliated with a major industry player. Before you launch your business, you need to know your products well and focus on a niche market. Will you be offering property, health or life policies, among others? You’ll also need to consider the emerging technologies in coming up with business models. It would be helpful if you have actuary skills, some customer service experience and great networking skills.

9. Freight Brokerage

How to Start a Freight Forwarding Business

The freight brokerage market in the US is predicted to grow by at least $8 billion a year through 2025. A freight brokerage business connects shippers and carriers. You can tap the increasing opportunities in this industry by understanding the market and introducing innovations. 

To get your business off the ground, it’s important to understand that it’s all about relationships. You’ll need to vet trucking companies and partner with reliable carriers to make sure the shipments are delivered and you earn the trust of shippers. It’s also important to be adept at negotiating rates to be able to offer cost-efficient services.

Some brokerage companies have entered into the digital space and found solutions that combine automation and artificial intelligence in moving and tracking shipments. The increasing use of smartphones and improving connectivity are also expected to drive the market. You might want to consider these when you set up your business.

10. Janitorial Business

How to start a janitorial business

Every large building in the country needs custodial services, which is why commercial cleaning in the US is worth $82 billion and growing fast. With a small investment, you could start your own janitorial business, help keep your town clean and grab a slice of that huge market. You don’t even need any experience or expertise, because cleaning isn’t terribly complicated. You do, however, need to be willing to do a bit of dirty work. 

To get started, you’ll need to buy some reliable cleaning equipment and supplies, from buckets and mops to brooms, washcloths and cleaning solutions. Next, you’ll probably want to get some insurance to minimize the risk of any incidents or accidents. Finally, just register your business and begin offering your services to local schools, businesses, hospitals and government office buildings. You might want to use online platforms like Angie’s List and TaskRabbit, which help expand your reach. Once you get those first few clients, and provide excellent service, you’ll be on your way to cleaning up big time!

11. Small Engine Repair

How to Start a Small Engine Repair Business

More than 8,000 job openings for small engine mechanics are projected in the US each year through 2030. They work in auto repair shops, or do onsite repair calls. If you have some mechanical experience, you can take advantage of this growing demand by starting a small engine repair business. Small engine repairs are constantly in demand because of the need to keep equipment operating efficiently. Without repairs, a damaged engine could malfunction, cause injuries or fire, or simply conk out. 

One of the keys to a successful small engine repair business is to have the right tools and knowledge to fix simple problems. But first, do your research and look at the industry trends and the competition, figure out what kind of equipment you need, and how much it will cost. You should also know how to use tools like CAD, machine learning, and other technologies. It’s also important to create a business plan and marketing strategy. Finally, make sure you have the proper insurance and permits.