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Top 5 Business Investment Opportunities in Florida for 2020

Exporting goods and exporting services present quite different challenges. The former must deal with packaging, customs and physical delivery, for example, while the latter confronts issues such as work permits, credential validation, language and travel to and from the market.

When exporting goods it is also important to remember that there is often a service component that should be anticipated (installation, training, service, warranty, etc.). Your first step is to think about the resources and knowledge your business already has.

Consider the following top 5 opportunities.

1. Fitness/recreation business:

exercise has long been found to be the bedrock of healthy living, and almost everyone wants to boast of having visited the gym at least once or twice in a week. With this trend, opening a fitness center would surely pay you, and considering the population of Florida, you may likely make a success out of your business if you have the right marketing strategies.

2. Retail:

retailing is not a novel business idea, but it is still thriving as far as the economy is still viable. If you have good marketing skills, you can choose a niche and start your retailing business. You can approach manufacturers and offer them your services. If you build trust with them, you could be given goods on credit for you to pay later.

3. Wholesale and distribution:

similar to retail, you can start a business where you become wholesale distributor for companies. Note that this business may be a bit capital intensive, but you can also start it on your own capacity and expand it as you go along.

4. Advertising and promotion:

with a lot of big and small businesses in Florida competing for the market, a business centered on advertising and marketing would be quite profitable in the state. If you are good with putting up promotional materials that can draw people to the products you are marketing, then maybe you should set up an advertising service.

5. Microbrewery:

Microbreweries and craft beer remain greatly popular in the United States. The industry was worth more than $22 billion in 2015. If you are a craft beer hobbyist, it might be time to take your recipes to the next level. You could make unique beers and sell them at select pubs. The selling point for microbrewery is their emphasis on unique flavor, the quality of their beer and their brewing technique.

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