The fourth largest city in Tennessee, Chattanooga is an economically diversified city. The growing mix of manufacturing and service industries and the developed infrastructure make it one of the best places to start small business. In fact, startups have been an increasing trend in Chattanooga; mainly because of the EPB’s fiber optic grid and increasing number of venture firms. The Business Development Center of Chattanooga is among the nation’s largest incubators; both in the physically occupied area and the number of startups that it supports.
Starting your own business in Chattanooga can be exciting because opportunities are unlimited and support can be available on almost every stage of startup. Whether you are looking for quick loans Chattanooga Tn to start a business or looking to take your startup to the next level with crowdfunding or angel funds, you will find your way. However, choice of a right idea matters most when it comes to succeed in business.
This article will discuss some of the highly profitable business ideas that can do great in Chattanooga, Tennessee.
1- Travel & Adventure Deals:
Chattanooga is an exciting weekend destination, with a lot of historic attractions, museums, and beautiful parks. It can be a perfect getaway for people from other cities. Sightseeing packages, city tours, adventure activities, and fun events can be really useful for travelers as well as for residents. Here you can find some more low cost travel business ideas.
2- Online Business:
With a highly developed infrastructure, Chattanooga makes it a perfect place to start an online business. The world of online business is wider than you can think and the startup cost can be as low as $100. You may start a local blog, an online research company, a digital marketing firm, web design & development company or an e-commerce portal, depending upon your interest and expertise.
3- Tech Startup:
The startup culture in Chattanooga is very motivating and if you’re a techie, the best thing you can do is to launch a tech startup that solves a real life problem. A domestic help app, connecting maids, handymen and technicians to households, discount coupons book for local stores, on-demand taxi app, food delivery app etc. are some of the most popular startup ideas for cities like Chattanooga.
4- Bake & Cake:
Custom cakes are trending; let it be a wedding, birthday or any other event, without a custom cake it looks dull. Yes, there may be a lot of people already in the business, but if you’re a creative soul with your own unique ideas, it’s not too difficult to grab the market share.
5- Buying & Selling Used Stuff:
Thousands of people sell their used furniture and other household stuff when they are upgrading their home, thousands of other people cannot afford buying new stuff. Bridging this gap can be a lucrative business opportunity. Don’t worry about a lot of other people doing the same business, just find your market and think of creating value. For instance, you may buy used stuff, get it improved/reconstructed and sell it for a higher price.
6- Child & Elder Care:
Working parents are always looking for child care, even when the children are school going, they need an afternoon playgroup. On the other hand, as people grow old they need constant attention and assistance. Starting an elder care home that also accommodates child care can be a highly innovative way to get the generations connected. Building such a startup is not just about doing business, but also giving back to the society!
7- Specialty Restaurant:
It won’t be wrong to say that food is a recession proof business. If you’re someone who loves to explore recipes and discover new tastes, starting a specialty restaurant with your own signature dishes can be the best thing. Cost may vary depending upon location and the type of restaurant you want to build. You may also start it on a low budget with a food truck even!
The Bottom Line:
The ideas discussed above are few of the most profitable small business ideas that can work great in a city like Chattanooga. However, this is not the limit, you can think of anything that delivers value. The more valuable product/service it is, the higher chances of success it has.