Known for its breathtaking beaches and picturesque scenery, Hawaii is a major tourist destination in the United States.
Tourism, hospitality, and agriculture are the primary industries in Hawaii. The state has seen an increase in small businesses related to travel and agriculture in recent years.
In Hawaii, you’ll find countless beaches and many types of plants and vegetables. The economy is doing particularly well due to growing exports and business ventures.
If you’re looking to start a small business in the area, here are some of the more profitable investment options for you to consider.
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Best 20 Small Business ideas & Opportunities in Hawaii
Should you want to start a business in Hawaii with low or no capital, consider these top profitable options:
1. Homestay Services
Hawaii, with its thriving tourism industry, provides plenty of opportunities for the bed and breakfast business. By setting aside a few rooms and providing the necessary amenities, you can easily register your service on online booking portals.
2. Tour Guide
Hawai’i is a place of varied beauty. Many beaches and attractive tourist spots mean that tour guides have a steady demand for their services. All it takes to get into the business is a basic license and registration.
3. Customized Tour Services
If you specialize in creating personalized tours and travel plans for visitors to Hawaii, you can start your own tourism business.
4. Farming
Hawaii has a rich agricultural history, and its products are exported throughout the country. For those with access to land, starting your own farming business can be highly lucrative.
5. Vacation Rental Services
You can provide travelers with an alternative to a hotel by offering your apartment or house for rent on a short-term basis. This way, people get to experience being independent and enjoying their own space.
6. Virtual Assistant
Are you seeking employment that can be done in the comfort of your own home? Many businesses require virtual assistance to manage their teams. You have flexibility with regard to working hours and schedules.
7. Travel Agency
In Hawaii, where the demand for package services is high, you can open a travel agency. Offering tour packages with services such as activities, airlines, car rentals, cruise lines, hotels, and travel insurance can be a great success.
8. Taxi Service
In the water-dependent state of Hawaii, there are still many well-connected roads. To make the most of this large tourist base, you could sign up with Uber or even start your own taxi service.
9. Cafe
People vacationing in the state often enjoy exploring Hawaiian cuisine, so if you have been considering opening a cafe, now is a great time to do it.
10. Water Activities Service
The state’s many beaches and waterfronts provide plenty of opportunities for thrilling water activities, which travelers often enjoy.
11. Online Survey
If you’re looking to make money from home without investing any funds, taking online surveys is the best option; simply respond to the surveys and get paid.
12. Antique Shop
Antiques are popular with tourists, as they offer both aesthetic and historic appeal. An antique shop that offers a diverse selection of items can become very profitable due to a large number of visitors in the state.
13. Beer Bar
Opening a microbrewery or beer bar in Hawaii could be a very profitable venture. With its vast number of visitors, the state provides an ideal customer base for such an establishment – providing tourists with a place to unwind and socialize.
14. Food Truck
Starting a food truck is a great way to run your own cafe if you don’t have the money. You can take your mobile eatery from the beach to beach, putting out the meals you prefer at whatever hours suit you.
15. Cleaning Services
Hawaii is a great place for starting a cleaning service due to the abundance of hotels and resorts. Typically, these facilities can be engaged to outsource their cleaning jobs, enabling you to create your own client base.
16. Water Transport Services
For residents of Hawaii, speedboat and canoe transportation can be a viable business opportunity. You can provide convenient transportation between the various islands via water.
17. Online Business Consultancy
As a business consultant, you can help small businesses operating in the state leverage the internet to expand their reach and services.
18. Grocery Shop
Grocery stores in Hawaii are very profitable. Packaged foods are the most popular, with an array of non-perishable items ranging from bakeries, butchers, and delis to fresh produce.
19. Barber Shop
Opening a barbershop has become an increasingly popular business venture, offering haircutting, styling, dressing, and grooming services. The up-front cost for this kind of business is relatively low, with low maintenance costs as well.
20. Smartphone Repairing Shop
In America, approximately two smartphones break per second, making the smartphone repair industry highly stable thanks to services such as LCD assembly, part repairing, and fixing.
Best Places To Start A Business In Hawaii Honolulu
When picking a spot for your business, it pays to consider some of the best Hawaii locations; here are a few top picks:
- Oahu
- Honolulu
- Lahaina
- Hilo
- Hana
- Kihei
- Kahului
- Princeville
How To Register Your Business In Hawaii Honolulu?
To register your business in Hawaii, please adhere to the following steps:
Start by selecting an idea from the list above. Step 1:
After deciding, implement your financial plan.
Thirdly, you should create a business plan.
Fourth, register your business as an LLC if possible.
5) Obtain a Federal EIN.
You should obtain business insurance and establish your accounting system in Step 6.
Seventh Step: Creating a marketing and sales plan.
For Step 8, select a marketing agency to help promote your business.
So, a few words of advice: if you are planning to begin a venture in Hawaii, aim to devote at least two months or one year before you initiate your undertaking.
It is absolutely crucial to grasp that the purchase behavior of individuals inhabited here differs from other sections of the United States.
We hope that the abovementioned business notions will light an idea spark for you to establish your own small business here in Hawaii.
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