Florida is a Great Place For an Entrepreneur Thinking About Where to Start a New Business
By Space Coast Daily // September 13, 2019
Florida has more than 270 places with a population of more than 10,000 people
If you’re wondering where to start a new business in Florida, you’ve come to the right place.
Let’s picture this beautiful country for a second. What are the first things that come to your mind? Palm trees, Disney world, long sandy beaches? Of course, they are.
All of these things, besides the fantastic weather and temperatures averaging 61-80 degrees, draw more than 100 million tourists every year into the sunny state.
All the people that visit support the local retailers and restaurants. However, the economy in Florida is much more diverse than just retailers and restaurants.
The most important industries in Florida actually are information technology, aviation, defense, logistics, and life sciences. On the other hand, few of the big brands like Publix Super Markets, Office Depot are based in Florida too.
For an entrepreneur thinking about where to start a new business, business growth is probably the most important thing there is. And there are no reasons to worry here, as small businesses thrive in this record-setting state. There are over 2.2 million of them registered in Florida. Most of those businesses are businesses without employees or sole proprietorships.
To help you find business success in Florida, more than 270 places with a population of over 10,000 people were analyzed to determine which one is the best.
Using the data from the U.S. Census Bureau, we calculated the score for every place regarding its economic health and business climate.
Important takeaways on where to start a small business in Florida
Small cities are the key
In this case, the size of the city is not equal to its ability to attract business. All the towns that we will mention have the population smaller than 50,000 people and many of them even have less than 20,000.
On the other hand, it is worthwhile to mention that all the cities on this list are near large cities.
And we’re talking cities like Orlando and Miami. This gives our businesses access to a larger quantity of labor and more customers. As a matter of fact, this kind of economy is one of the reasons why people leave Orlando for good.
There are many small-business resources
There are organizations in Sunshine State, like Enterprise Florida that are connecting small businesses with training and development opportunities. Besides that, they can help with financing options.
There are over 50 small business development centers in this state and you can get business advising in each of them. Not a bad start, right?
Where to start a business in Florida
Maitland is a northern-based suburb of Orlando, so it is very accessible. One special thing that this place has is its average revenue per business.
Which is $4.5 million, and it is the highest one that you can find. Because of its proximity to the city (less than 10 miles away), entrepreneurs can access the National Entrepreneur Center.
Here they can get free one-on-one business coaching, they can participate in many seminars, and learn about small-business loans all in one. Besides this facility, The University of Central Florida also offers free consulting.
With all those places to learn about the business, it’s hard not to be on the top of the list.
Naples is the town of many shopping streets, long sandy beaches, and golf courses. It is only natural to assume that its economy is based on tourism.
And you wouldn’t be wrong. Since there are 50 businesses for every 100 people living in this town, it’s safe to say that half of the residents are businessmen indeed.
You can get free consulting services at the Florida Gulf Coast University. And The Fifth Avenue South Business Improvement District is promoting local restaurants and retailers in the area constantly.
There is one business per 2 residents of Naples, which is the highest number on our list.
This is a small town between Orlando and Jacksonville. This place is special because of its median housing costs. It is incredibly low for the city of this potential, and it is at $618 a month.
There is a Small Business Development Centers office in Palatka, and it offers free advising for local businesses. So if you’re interested in discovering interesting places and making money, call Moving Kings Van Lines FL as the Palatka is a way to go.
This beautiful town is located just 15 miles inland from Miami. Although tourism is the main fuel, the economy in this city consists much more.
There are logistics, trade, and finance firms working here very successfully. The reason for this would be the Doral’s proximity to the Miami port.
The biggest employers in this city are Perry Ellis International and Hellmann Worldwide Logistics. If you are an entrepreneur in Doral, you can go to Florida International University in Miami. There you will get free business consulting, and after that, the sky is the limit.
Because of being so close to Miami Port, Doral has an advantage for certain industries.
If you want to know where to start a new business, but you’re also a NASCAR fan, look no further, Orange City is the place. This town is about 30 miles away from Daytona Beach, so it attracts many tourists during the racing season and Daytona 500. It is also the town of tradition.
Its oldest running business, Heritage Inn, was established in 1876. However, that doesn’t mean that there are no new ones. This city proudly states that they issue 100 new business licenses every year.
If you want to try something different and have your own idea of entrepreneurship, Sebring may be a place for you. Its economy is based on agriculture. More specifically on citrus farming, beef cattle, and nursery products.
Free advising in Sebring can be found at the Small Business Development Center, which is at South Florida State College.
If you want to know where to start a new business and you’re into agriculture, Sebring is a place for you.
This is another town that is close to Miami, but this one is just outside it. It is also the biggest city on our list with its 47,000 residents. Coral Gables is the place where residents have the highest median income of close to $70,000 a year.
This makes it a perfect candidate if you’re wondering where to start a new business in Florida. If you need any help with starting a business here, you can go to the University of Miami where you can get advising as well as the tips for success.
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