Are there new small business ideas in Norway?
Norway, which is also known as the kingdom of Norway borders with Sweden, Russia, Finland, and Denmark. Oslo is the capital and largest city in Norway. Their official languages are Norwegian and Sami.
Norway is a place for many business idea ventures. I didn’t say that statistics did. Global statistics has it that Norway is the fourth in rank of highest per capita income earning country in the world, fourth in better life index.
They are the second wealthiest country in the world as regards monetary value, they have a very high standard of living, they are the highest producer of oil and gas, they have the highest human development index in the universe.
I think with all these statistics, an individual who desires for riches will be willing to explore the opportunities in Norway. There are many businesses one can venture upon in Norway provided there is that required capital in hand.
I’ll introduce us to some of the viable business ideas in Norway. They are:
7 Profitable Business Ideas To Start In Norway
NATURAL OIL AND GAS
Though Norway is not a member of the OPEC, it is unarguably among the largest and highest producers of petroleum in the world.
Petroleum contributes to about 25% of Norway’s domestic product. If you have been effectively demanding to invest or establish one or two oil servicing companies but unsure about the geographical area, Norway is the place.
Establishing an oil and gas servicing company will require one obtaining a license from the government of Norway. Jobs are waiting to be taken in the petroleum service companies. Go grab yours.
The real estate sector is a sector where billionaires are made apart from the petroleum sector. The real estate business is a business that is flourishing in Norway and still available for investors.
Anyone willing to increase in wealth should consider establishing a real estate business in Norway.
The world is radically going technological. Almost every happening in the world now is a result of technological advancement which makes it another eye-catching area of business that should be embarked upon.
Another fast-growing business idea in Norway is the sales of technological products.
If you have an outlet occupied with different types of smartphones, tablets, computers, pads, iPods, printers, photocopying machines, video cameras, Bluetooth devices, and every other technological appliance, then you are guaranteed to regularly attract customers.
As a source of added income, you can also add the installation of appliances to your regular sales of products.
This is one great business ideas in Norway that requires huge but not too huge capital for the establishment, shopping malls are a very profitable establishment to be made in a commercial place in Norway.
In today’s world, celebrities and high profile people embark on shopping regularly to follow up their names in the economy.
Shopping lounge will be a very good establishment for someone with huge capital and is familiar with celebrity likes.
SANDWICH AND CAFÉ BAR
One who has visited Oslo or any other cities in Norway would have noticed that there are appreciable numbers of sandwiches and cafe bars scattered all over. It is a very interesting and profitable business idea especially when one is creative and well-positioned in the way one runs the venture.
One truth is that if it is not a good venture, investors won’t waste money investing in them year by year.
AUTOMOBILE REPAIR AND SERVICING
A very good auto servicing and repair garage in Norway is a very profitable business idea for an auto mechanic who is trained and looking forward to becoming his boss.
The only things needed to be done to get the best out of it is to get that required capital available and situate the business in an easily accessible place.
An automobile and repair servicing business has been known for fetching huge sums of money especially to those who know how to go about it well.
If you aspire to become one of these but lack the technical know-how, I advise you to go get that knowledge and cash in on the opportunity.
One who is accustomed to the gym will know that most people will always like to keep fit for different reasons known to them.
Opening a gym center in Norway will be a very prolific venture for one who is ready, especially when the business is situated in a commercial and wealthy place.
It is also advisable for one who is just starting the venture to start big at an affordable price to attract customers and subsequently increase the price. Norway’s business ideas provide an industrious person with a platform to make it big.