Are there good business ideas in Germany to start a business? Germany is one country that is also known for its business activities.
Germany, also called the Federal Republic of Germany is situated in western-central Europe and forms part of the Schengen group of nations.
The capital city and largest city of Germany are known as Berlin and while German is the official language, the English language is also spoken across the length and breadth of Germany.
8 Profitable Business Ideas To Start In Germany
Germany is populated by 80.7 million inhabitants, making it the most populous member nation in the European Union.
Germany ranks as the worlds 4th largest economy by GDP and the 5th largest in terms of PPP.
Germany affords its citizens a very high standard of living and it has the distinction of being both the 3rd largest exporter and 3rd largest importer of goods globally. Germany is also noted as a country with the optimum labor productivity numbers in the world. Global and trusted brands like Adidas, BMW, and Volkswagen, all originated from German.
In addition to manufacturing, education, sports, and medical care, tourism serves as another source of revenue for the German economy. Germany is the 7th most visited nation in the world, opening its doors to an estimated 400 million visitors in 2012, which generated revenues over 38 Billion USD.
The following businesses can be started by the savvy entrepreneur in Germany:
LIST OF PROFITABLE BUSINESSES TO START IN GERMANY
Germany is one of the major enclaves in terms of the manufacture of quality products. If you have the financial wherewithal and technical expertise to start a manufacturing company as well as a feasible business plan, then several German cities will serve very well as your base of operation.
With the availability of affordable power supply and requisite infrastructure, you can choose the manufacturing of electronic equipment or the production of vehicle parts as your business choice.
A laser cutting business in Germany is much sought after, due to the presence of many large industrial concerns, dotting the German landscape. It also promises a handsome return on investment.
A key feature of a Laser cutting venture is that it requires minimal startup capital, and it can be run by a single individual with the relevant skill and training.
IT Services and Support
Germany society is a highly industrialized and technologically driven one. Information technology takes the lead in these developmental strides.
Therefore an individual who is grounded in website design and development, software /apps development, and other IT related field; then one could consider establishing an IT business outfit where wholesale support services including installation, repairs of computers, and gadgets can be offered to the public.
Hair Salon and Beauty Shop
Germans are very trendy individuals and one way to cash in on this fact is to establish a hair salon and beauty shop.
What will be required are the skills and expertise to give customers the satisfaction they need, as well as situating the business in a good location.
Also, the entrepreneur could look at offering hair and beauty regimes that cut across cultures and continents, to attract more interest.
Germans are reputed for their love pets. So setting up a business that provides services such as pet food and consumables, dog walking services et al, in most German cities, will in no time, attract continuous patronage.
The savvy entrepreneur could also engage the services of a veterinary doctor, to attend to a larger audience
Supermarkets enjoy great amounts of success in most parts of the world because it attends to the immediate needs of the individual. The case is no different in Germany, whose nationals are known to enjoy the time spent shopping for essentials and household items.
Therefore opening a supermarket can be profitable if the business is situated at an appropriate location and well managed.
Vehicle Repair Workshop
With a sprawling motor manufacturing industry, the German market is always in need of skilled and well-trained engineers and technicians, to fix and maintain the millions of cars that ply its roads annually.
So for the savvy entrepreneur, possessing the requisite training, setting up a vehicle repair business, could just be the right way to go.
English Language Learning Classes
Apart from the German language, the English language is also widely spoken. In the light of that fact, if you have a flair for the English language and can teach it effectively, then starting a language school in Germany, could offer handsome returns on investment.
More so, because it requires little startup capital. The entrepreneur can start on a manageable scale, say taking the classes in the evening at a designated location, or providing home teaching services.
86+This is one of the most lucrative small businesses to start in Germany.