Undertaking a business in the United States is not just a dream, it's a reality that many immigrants can achieve. With the many facilities for business growth that the United States offers, specifically in Florida, it is the perfect place to start your own business and succeed. 

If you have arrived in the U.S. with entrepreneurial ambitions looking to create profitable businesses in 2023, and need some ideas to start a small business, then look no further than this article. We provide you with the best ideas and recommendations for starting a business in Florida today, starting from zero investment and working your way up to more consolidated ventures. 

So don't wait any longer, keep reading to know the best areas for investment today in Florida!

Profitable businesses in 2023

A profitable business is capable of maintaining sustained success, paying for itself, and generating income, in the medium and long term. To undertake successfully it is necessary to study your potential market and know what the best businesses to invest.

This 2023, in the United States we can find good opportunities to start your own business being a Latin immigrant in areas such as:

• Development of digital technologies and online commerce.
• Logistics and distribution: Transport people, products, and services.
• Gastronomy
• Real Estate
• Beauty services.

Why start a business in Florida?

Florida is an ideal place to settle a company in the United States. This is due to several factors including:

• The high population number rate: It is also the one that has grown faster in the last years in the U.S.
• The tax facilities: Florida offers tax credits, refunds, and other incentives to promote business development and job creation.
•  And the favorable climate for tourism investment.

Florida has the highest rate of new entrepreneurs in the United States: with accelerated growth of founders, startups, and long-established companies. Its fiscal policies are flexible and offer credits for investment. Additionally, they have no state income taxes. That's why Orlando, Jacksonville, Miami, and Tampa top the list of the best cities to start a business in the United States.

Best business opportunities to invest in Florida

If you're a Latin immigrant with limited initial funds, there are specific areas in Florida where it's easier to start a business. 

Online businesses with zero investment 

For immigrants with limited initial funds, online businesses with zero investment are a fantastic option. The internet provides multiple opportunities to start with little money, whether you offer your services as a freelancer, do affiliate marketing as an intermediate seller, or develop your startup. 

Platforms such as Upwork, Fiverr, and Freelancer are perfect for those with skills in graphic design, writing, digital marketing, or language skills. Affiliate marketing is another possibility that can be very lucrative. By selling other people's products through your platforms such as Amazon Associates, ShareASale, and Commission Junction, and charging a sales commission, you can earn a good income. 

If you have writing skills and in-depth knowledge of a specific topic, you can create your blog and generate income through advertising and affiliate marketing. For those with creative, crafting, or artistic skills, it is possible to sell their products without investing in a physical space. Etsy, eBay, Amazon, Facebook Marketplace, and other platforms offer the possibility of creating an online store and reaching a wider audience.

Real estate business

Florida's high population growth and large investments make it a promising area for starting a business. Real estate is a popular choice, with approximately 195,000 real estate agents in the state. Starting your own real estate business is possible with as little as $1,000 available. 

Startup in Technology and Systems

The development of software, mobile technologies, and the design of computer systems works transversally to any business area. These are always highly demanded services, especially in places where there are large investments and a high population.

That's why, Florida has the ideal context to create your own technology company. You must also keep in mind that professionals such as graphic designers and technicians or graduates in computing and systems analysis can practice without having to obtain a license from the Florida Department of Business and Professional Regulation.

The required initial investment for assembling a startup in Florida could be around $4000.

Gastronomic services

Starting a food business in Florida is a popular and promising choice for entrepreneurs, particularly for Latin and international cuisine.

One option is to set up a food truck, which requires an initial budget of around $30,000 to $50,000. Another option is to purchase a franchise restaurant, which typically costs between $25,000 and $50,000. Alternatively, you can assemble your restaurant with an initial investment of approximately $125,000.

With the growing demand for food in Florida, now is a great time to start your own food business. These options offer a range of investment levels to suit your needs and goals, and with the right approach, you can make a name for yourself and achieve success in the industry.

The franchises

Investing in a franchise can be a great option for those looking to start a business in Florida. A franchise is a business where the owner sells the right to use their brand and logo to a franchisee. There are franchises of all kinds, and it can be cheaper than starting your brand. However, it's also worth considering newer projects that are emerging on the market to try to maintain originality.

It's important to keep in mind that franchises come with certain restrictions and limitations. For example, franchisors have specific guidelines and protocols that you must follow, which can limit your creative freedom. Before investing, it's crucial to weigh the pros and cons and consider whether it aligns with your goals and vision for your business.

Final Considerations

Don't wait any longer to start your own business in Florida. Whether you're looking to start from scratch or build on existing skills, there are opportunities out there for everyone. With these recommendations for low-cost businesses, you can start your entrepreneurial journey today and achieve the success you deserve.

‍