The auto industry created the middle class in America, but Detroit is now a city in flux. Unemployment hit 20% in 2011, and it could have reached 50% if people simply stopped looking for work. However, the city’s lack of enterprise and many failed businesses have created a perfect environment for entrepreneurs to launch their business ideas. From restaurants to bars to bike shops to tech startups, here are some great business ideas to start in Detroit.
The most successful businesses are those that find a sweet spot between an entrepreneur’s passion and a community need. To find this sweet spot, start by learning what services are in high demand in Detroit. This knowledge will help you develop a business plan and make important startup decisions. If you’re a tech whiz, consider starting a software development firm. If you’re interested in a more creative business idea, start an online company to sell digital products.
Whether you want to sell a specific product or service, Michigan residents love to socialize. Consider opening a bar with delicious food and drinks. Once you’ve built up a solid business, you can expand to larger boats and strengthen relationships with your suppliers. Alternatively, you can open a small plumbing business. These professionals earn good hourly rates and can be easily managed by a team of employees.
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