This article provides Nebraskans with a list of top-earning small business ideas if you are a resident here. The amount of small businesses in the US state is increasing.
Nebraska is a great place for entrepreneurs to start a small business, taking advantage of its low-cost living environment and expansive plains. Following is a list of the best businesses to launch in Nebraska.
Nebraska’s main economic contributors are freight transport, rail and truck, manufacturing, telecommunications, information technology, and insurance.
Its agriculture sector is majorly known for its production of high-quality items such as corn, soybeans, beef, pork, maize, and sorghum.
Nebraska is a diverse economy, with multiple industries including manufacturing, finance, telecommunications, and IT. This state is an ideal place for a small business to establish itself, as the government provides a plethora of opportunities.
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Here is a list of 15 Small Business Ideas in Nebraska
1. Start a Trucking Company
With a sufficient budget, launching a trucking company in the bustling state of Nebraska may be rewarding.
2. Real Estate Broker
In Omaha and Lincoln, a strong market for housing exists. With good networking capabilities, one could become successful in the real estate brokerage business.
3. Elderly Care
The medical industry offers a great opportunity for those interested in beginning their own business, as high-quality care for the elderly is highly sought after.
An elderly care business can be an incredibly profitable and rewarding venture on a small scale.
4. Virtual Assistant Service
As home businesses become more prevalent worldwide, companies are hiring freelance virtual assistants for management, organization, and administrative tasks. Launching a virtual assistant career is a great way to work from home.
5. Online Marketing Services
Companies are seeking innovative methods for their advertising. Traditional advertising is becoming less popular, so if you have creative marketing strategies consider providing online marketing services with specific plans.
6. Soybean Export Business
Nebraska is a hub for corn and soybean production, so it’s easy to start growing and exporting soybeans from the state.
7. Travel Agency
Boasting a thriving tourism sector, the state provides various appealing tourist attractions. As there is an abundance of visitors heading to the area, you can capitalize on that by setting up a travel agency that offers customizable tours, ticketings, airfares, currency exchange services, and more.
8. Pet Grooming
Nebraska has a big market for pet services. Animal lovers can provide pet grooming either in their client’s homes or by setting up their own facility.
9. E-commerce Business
Nowadays, it’s easy to set up an e-commerce business with platforms like eBay, Amazon, and Depop. Start by outsourcing products and you can start an online venture with minimal capital.
10. Cattle Farming
The state of Nebraska has held one of the highest positions in cattle production throughout the United States for many years. In fact, the three leading beef cow counties are in Nebraska.
Cherry County carries the highest number of cows, with a total near 166,000. If you are looking to farm on land you own or lease, then potentially obtaining and raising cattle is an option worth exploring.
11. Social Media Management
Businesses rely on social media to be seen. If you understand the basics of social media, you can provide digital marketing services such as Facebook ads, Instagram marketing, and more.
12. Start a Restaurant
Nebraska can offer a lucrative business opportunity to those with a retail space or the means to lease one, due to the possibility of starting a restaurant.
13. Business Planning Services
Having a good business plan is essential for any business. With the right skills, you can offer consulting services such as creating an effective business plan that includes dos and don’ts.
14. Bed & Breakfast
Turn your home into a bed and breakfast business if you’re close to popular tourist spots. Registering with sites like Airbnb will bring in more customers and give you the chance to earn income by hosting people.
15. Freelance Writing Services
If you want to pursue writing without starting a blog, consider becoming a freelance writer. Providing services such as copywriting, blogging, social media posts, press releases, and more can be done from home.
How to Start a Business In Nebraska
Here is a comprehensive guide on how to start a business in Nebraska, including registering the business, obtaining licenses and permits, and more:
Step 1. Choose a Business
Selecting the right business is the initial step. Research market demands, consider your resources, and decide which business to pursue. Hopefully, these ideas will guide you in making the best choice.
Step 2: Register Your Business
The Secretary of State in Nebraska oversees the registration of trade and business names. Anyone looking to establish a company in Nebraska must register with them, with either a chosen corp. or LLC requiring a registered agent in order to be processed.
Step 3: Get a Tax Identification Number
A Federal Employer Identification Number (FEIN) is a type of tax ID for businesses. The Internal Revenue Service assigns such numbers to individuals and organizations, making them completely unique. Visit the IRS website to determine if you require a FEIN, as well as to ask any relevant questions.
Step 4. Create a Business Plan
When starting a new business in Nebraska, it is critical to have an in-depth business plan. This will give you an edge over your competitors in such a competitive environment.
Make sure to list out your goals and objectives along with any strategies that you wish to employ. A well-thought-out plan will ensure success.
Step 5. Financing Your Business
To start a business, the state provides a solid foundation. If you want to gain investors, there are various venture capital firms available. Alternatively, you could opt for borrowing money with a low-interest rate and a long repayment period.
Additionally, you can investigate these business loan and guarantee programs:
- Loan programs provided by the Small Business Administration (SBA)
- The Northeast Nebraska Development District offers business loans.
- The Southeast Nebraska Development District offers business loans.
Step 6. Check for a Relevant Website Business Domain Name
Creating a website is crucial for anyone who wants to have a successful business. To ensure the success of your company, you must find an available domain name before finalizing your business name. Use the link below to check if the domain you want is still available:
Step 7. Business Permits & Licenses
In Nebraska, there is a range of neighborhood licenses that need to be obtained. An example is a sales tax license if you’re planning to sell items.
Additionally, the state has particular permissions and licenses for specific types of businesses. For instance, if you’re about to start an LLC, it’s likely that more than one business permit or license will be necessary. It is recommended to have these issues sorted out by expert vendors.
Step 8. Business Bank Account & Accounting Software
It’s beneficial to have a separate bank account for managing your finances, and you can apply for a vendor credit account with your EIN. Additionally, make sure to set up an accounting program to keep track of all transactions in one place.
Step 9. Business Insurance
The state does not require any insurance coverage. However, it would be wise to get professional liability insurance if you’re selling products and workers’ compensation insurance if you plan to hire employees. To learn more about business coverage, please reach out to the Department of Labor.
Step 10. Promoting Your Business
Advertising is key to success for young businesses. To reach target customers, it’s best to utilize the services of a promotions and marketing agency.
Best Places To Start A Business In Nebraska
Locating the ideal area is essential for a successful business. Following are some of the best sites in Nebraska to launch yours:
OmahaLincolnNorfolkGrand IslandFremontColumbus
Taking the steps in a calendar will help you get your new business up and running quickly. We hope that this guide will help you accomplish your goals and launch your dream business.
This start-up guide and list of business ideas in Nebraska are sure to spark some ideas for your own entrepreneurial endeavor.
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