Best small business investment opportunities in Hungary

As a student, you have probably dreamed of opening your small business after graduation. Spending nights over textbooks and thinking, «Who can do my math homework for me online?», you considered the best ideas for your startup that you may implement. But have you thought about moving to another country, for example, Hungary? This country is far away in Europe, but it offers interesting small business capabilities for innovative foreigners. In this article, we will consider the best ideas you can pick for your startup if you decide to move to Hungary and how exactly you can make them profitable.

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Top ideas on business doing in Hungary

When you consider investing money in business, you have to pay attention to two things: first, whether you like this and are ready to devote to it plenty of your time. Secondly, whether there is a market gap which you can feel with your service. Here is the list of possible small business options you can use for inspiration when looking for your own idea:

1. Car wash

One of the definite market needs is a car wash. With so many car owners today, it is more than relevant. Many Hungarians use the car as a means of transportation which needs to be taken care of so it can become a perfect opportunity for car wash owners;

2. Writing agency

As a small startup, this option is perfect. There are many students in Hungary that may require writing services such as essays, presentations, reports, dissertations, term works, and other academic papers. Next time someone asks, «Can you do my math homework online?», you can offer the services of your agency. Pros: you don`t require an office and can work distantly. Cons: you need to promote your service to get enough clients;

3. Textile producing

The European textile industry has become one of the most developed, which means that opening your company in this field may pay off quite soon. You need to get relevant connections with fashion and designing industries, create relationships with fabrics supply, and define what type of fabric is most profitable to be sold. This is totally worth investments;

4. Food plant

During the last several years the food industry in Hungary has greatly expanded. Enterprises now have options to modernize production processes and quickly adapt to the market needs delivering products of high-quality on-demand. Even with today`s crisis in global economic this field will stay stable and keep bringing profit so you have to consider it as well;

5. Plumbing

Many Hungarian owners of the plumbing business get retired, which makes this market niche attractive to newcomers. With so many opportunities, you only need to have good experience in this sphere and define what you are up to: work at a residence or with commercial clients, or maybe even deliver large renovation projects;

6. Dealership or repair shop

As we already mentioned, Hungary has many car owners that need their vehicles to be cleaned, maintained, and taken care of. You can consider a car repair shop or switch to bicycles – both options are fine. You need to understand how to quickly fix them, have a great toolbox, rent a good location with easy access and attract customers;

7. Beauty salon

The top recommendation before opening the beauty business in this country is to define your target audience, examine its needs, and analyze your competitors. Thus you will know what kinds of beauty services will be in high demand and can create a general concept.