Austin, located in the heart of Texas, is one of the United States’ major metropolitan centres. It is home to diverse mix of businessmen, students, government employees, musicians, artists, engineers, doctors, and entrepreneurs.
Nicknamed as “the Silicon Hills” this city is considered a hub for high-tech. In 2013, Austin was ranked No. 14 on Forbes’ list of the Best Places for Business and Careers and by the Milken Institute it was ranked No.12 in biotech and life science centres in U.S. The city primarily flourishes in the domain of engineering, manufacturing, pharmaceuticals and biotechnology.
In addition to being a tech-town, Austin is famous for its live music, creative food trailers, films, theatre, museums, sports events, parks and recreation. It attracts tourists from all over the world because of its picturesque beauty, pleasant weather, and architecture. Moreover, some of America’s top-ranking universities in the region attract many ambitious students from all over the world.
Austin was recently named one of the 10 best cities for tech start-ups in the US. In addition to large national and global corporations, the city habitats a strong and rapidly growing network of independent, locally owned businesses.
In short, if you’re aiming to build your business from scratch or looking for a destination in Texas to expand your business, then Austin is one of the best places for you. Following are a few ideas for you:
1- Web Development:
The internet today is widely being used for businesses, online marketing, freelancing and online trade. The field of web development is growing and flourishing worldwide. As the web comes with easy access, the demand of web developers is increasing by the day. It is a career-based lucrative business idea which can financially make you stand out from others.
2- Electronic Sales & Repair:
Electronic devices have become a necessity of every house. And by virtue of their nature, they break down and need repairing every now and then. With a little experience and study of these devices, a business can be set up, that not only repairs devices but also sells second-hand electronics.
3- Solar Panel Installation Business:
The city of Austin is famous for its sun and heat. This opens many doors for a business where solar energy can be put to a good use. This can range from full-fledged general solar installations that generate electricity to simple solar walkway lighting. This business has high possibilities of expansion.
4- Engineering Consultancy Firm:
As said earlier, Austin is a tech-hub. It holds numerous opportunities for engineers. An engineering consultancy firm may provide assistance to young engineers, struggling to make out their way into the high-paced world outside. Your expertise and experience in the field will bring you more customers.
5- Hostel for Students:
Austin, being home to various universities attracts students not just from within America, but from all parts of the world. Hostels, in that respect, are a cash-cow in this city. Buy a place and set it up as a hostel if you can’t buy one you can always rent one.
6- Child Day Care:
While at work, many people prefer their child being cared for in a home environment, as opposed to a more institutional-like setting. So if you love children, then you can start off your day care business right from your house without any capital investment. Indeed a very profit yielding idea.
7- Event Planners and Managers:
Event planning and management can be a hectic business but it has high returns. Moreover, Austin hosts a large number of music shows, concerts and sporting events along with the usual conferences and symposiums. With the right marketing, this business can become a lottery ticket. The better your services the quickly you’ll be the dominant one.
8- At-your-home Car Wash and Service:
A car wash facility at your door step comes in very handy for people with a busy routine. Such a business can be expanded by not just increasing the area of operation, but also by increasing the services provided. Bringing a service station at the customer’s house is the main idea; though you cannot bring the service station at home, but you can certainly pick the car, service it and deliver it back!
9- Lawn Landscaping and Maintenance Service:
Lawn landscaping and maintenance service, in addition to mowing of lawn, watering and planting, can include maintenance of a kitchen-garden, fencing, tree care, pest control, etc. It all depends on what lengths you and an entrepreneur, are willing to go. A very good idea for those who love horticultural activities.
10- Private Transportation Service:
Austin’s public transportation system is very notorious, and like most of the cities in TX, it is spread on a vast area. However, a huge number of people looks for private transport that can pick them from home and drop in office and vice versa. A business in private transportation services can flourish under these circumstances. You will need an investment initially; but you can start micro with a single vehicle and gradually you can make up for more.
11- Rent-A-Vehicle Service:
An interesting business idea is rent-a-vehicle service. You can keep vehicles like bicycles, cars, motorcycles and rent them to your customers for some time. The more you’ll invest the greater the profit earned, but starting small is highly recommended!
12- Cleaning Services Provider:
Cleaning businesses cover everything from one cleaner with a couple of domestic properties to maintain each week, to a large commercial business with thousands of staff on the books. You can start by an office cleaner and expand to domestic, hospital and school cleaners. The possibilities in this field are vast and wide.
13- Dry Cleaners, Laundry Service:
A laundry business is easy to start, even if you don’t have experience in the field. It can further be expanded to dry cleaning which generates much more profit than ordinary laundry cleaning services. Adding more to your services will attract more customers and hence more business.
14- Take-Away Delivery System:
The concept of this business is to take orders from restaurants for customers and then deliver them to their homes. You can set up this business on a small scale with a tiny investment and slowly expand it.
15- Mobile Food Truck/Restaurant:
The inhabitants of Austin are famous for being food lovers. One of the most successful business ideas is setting up a restaurant, bakery, a canteen or an eatery, because people love to eat no matter what their financial situation is. Zagat’s blog recently named Austin one of the top ten cities for food trailers. Having a mobile canteen will increase your area of business as you can move around the city and target a greater audience.
16- Cinema/Theater Deals:
The people of Austin are big on movies, live theater and live music. Opening doors to cinema houses and a theaters for them in some unique way, i.e. discounts, rewards etc. can be a profitable business. Yes, it does involve strategy and connections to build something that allows people to enjoy cinema in much better way.
17- Swimming Coaching:
Austin hosts several swimming contests around the town. It is home to more than 50 public swimming pools. Swimming coaching business can be extended to life-guard coaching, diving practice and many more. If you have the skills go for it, or else you can always rent the professionals as well.
18- Sports Camps:
Sports gets a lot of encouragement is Austin. A business in organizing an evening sports camp for kids and teenagers requires fitness, skill and knowledge and experience in various sports. The sports camps can be extended to summer camps for kids during their vacations.
19- Home Based Health Club:
Even with the profound love for food, Austin was ranked one of the fittest cities in America by Shape Magazine. A small scale health club business that provides the members with assistance in exercises, workouts like yoga, Pilates, aerobics and cardio can work really well.
20- Tourist Guide:
Austin attracts many tourists throughout the year with its live music, concerts, art-galleries and sports events. So if you live in Austin and you know the area well, you can set up a business starting as a personal guide and increase your services. It has a potential of producing an income which can exceed $50,000 annually.
21- Beauty Salon, Spa Combo:
Usually, salon owners have a wealth of experience in the beauty industry and are fully-qualified beauty therapists. Many salon owners will also have management training to effectively manage the business. However, if your background is not in beauty, you don’t necessarily have to rule it out. It is possible to employ a beauty therapist as a day-to-day manager as a partner. It may be a hefty investment in the beginning but it has the potential to pay off. After all everybody wants to look good and feel good as well.
22- Second-Hand Book Shop:
Book shops bring regular customers. You can start off by unused books in the house and set up a small book shop. Make your shop known for a specific category (or two) of books, having some first editions for sale. Maps, illustrations, postcards, greeting cards and magazines are good side-lines to include in your shop.
23- Frozen Food Providers:
Frozen foods business is one of the most lucrative branches of food business because a lot of people are too busy with work that they find it difficult to spend a lot of time cooking or searching for fresh ingredients to cook with. You can start it off at home with a small investment and still expect a handsome turnover.
24- Property Business:
Development and sale of property, and apartment leasing are two very profitable areas in the real estate business. Although it requires a large investment capital, but it has high returns and finances can be recovered within a short period of time. In a growing city like Austin, property business has very high chances of flourishing.
25- Wedding Planners and Photography:
A wedding planning business requires you to stay up-to-date with the latest trends in fashion, décor, styles, colours, food i.e. almost everything under the sun. In addition, you need to fully understand the demands of your customer. A little skill in photography adds a cherry to the top.
If you are good at managerial skills and love to set up the venue for the new couple this business idea is for you.