Due to precautions related to COVID-19, we have expanded our options for remote consultations but remain fully operational. Please contact our office to discuss whether a full phone consultation or video conference is appropriate for your situation.

Call Today

Five business ideas that would thrive in South Florida

On Behalf of | Mar 25, 2020 | Uncategorized |

Starting a business is an exciting venture. With the right knowledge, planning, focus and legal support, it can produce lucrative results.

Where a business is located can make all the difference in its long-term success. In 2019, Forbes named Miami the best U.S. city for growing a small business. The data added up favorably thanks to the city’s diverse economy, strong import and export ties with Latin America and booming growth both as a residential city and a tourist destination.

South Florida as a whole has been considered a strong region for businesses for several years for similar reasons. Here are some of the top industries that can flourish in that sunny southern enclave:

  1. IT sector: whether it’s repairing devices, consulting for tech companies or offering a platform for advertising online, there are ample opportunities to grow a business as demand for IT services grows.
  2. Travel and tourism: Florida is a hotbed for year-round travel. Hotels and hospitality services are a major part of the economy. With new approaches to how people travel, a regionally-focused rideshare or home sharing business could be profitable.
  3. Finance: with hubs like Ft. Lauderdale and Miami, there are ample opportunities within the finance sector to start a high-earning business. Consulting, educating and risk assessment services could have a big impact with the prevalence of multinational banks and lending institutions in larger regional cities. Accounting services are also an evergreen opportunity.
  4. Food and beverage: brick and mortar restaurants are a difficult business to grow and retain, but success is more likely in high-density tourist destinations. Food trucks are a potentially lucrative business to consider, particularly in a climate like Florida where they can operate year-round. They also have a lower rate of failure than traditional brick and mortar restaurants.
  5. Construction and landscaping: Florida’s weather and climate also provides good opportunities in outdoor-focused businesses. Construction projects don’t have to stop during the winter, and landscaping services are in demand year-round as well.

It’s important to establish a strong business plan and determine a course of action to pay any business loans back over time. An attorney can help you draw up solid plans so you’re not left filling in missing pieces later.


FindLaw Network

Contact The Firm

D&B | Credibility | Platinum | Small Business Directory
Lead Counsel | LC | Rated