Do you have an entrepreneurial spirit and the motivation to be your own boss? Starting your own business can be exciting and rewarding, especially if you choose the right business for you. With the right business plan, New Hampshire can be a great place to own your own company. The first step is to determine the best business to start in New Hampshire. 

There are a number of things to consider when you are asking yourself, What is the best business to start in New Hampshire? The answer depends on your interests, business resources, personal strengths, and industry trends. Our New Hampshire startup business resources and services can help you get started quickly.

The Most Profitable Small Business Ideas in New Hampshire

Not only should you strive for a lucrative business, but it should also be something that you actually enjoy. What’s the point in being a business owner if it isn’t any fun? The most profitable business ideas in New Hampshire are not always the best, but then again, sometimes they are. Here is a list of business ideas in New Hampshire. 

Idea #1: Hair Care Services

Salons currently account for 95 percent of the U.S. hair market. These services are often tailored to women. Barbershops account for only 3.5 percent of the market, leaving fewer options for male-specific services.

The best business to start in New Hampshire may be the one with the highest demand. If you have hair cutting and styling skills or are willing to hire people who have them, there is a good chance that you will find a need for these services. 

Idea #2: Specialty Apple Products

We aren’t talking about computers here. Apples are one of New Hampshire’s most abundant crops. Whether you have land to plant your own orchard or purchase apples from local farmers, you may be able to cash in on this cash crop. Consider cottage foods such as apple pie, apple butter, apple cider, and more. These can be sold at local markets or produced on a larger scale for wholesale purchases. 

Idea #3: Custom Apparel Printing

Whether you cater to sports teams, schools, retail establishments, restaurants, or a little of everything, there is always a need for custom printing. The biggest start-up expense depends on your initial aspirations. If you want to start small and work out of your home, you may just need the actual printing press and an extra room to do your work. On a larger scale, you may consider having a storefront. 

Idea #4: Yoga Instruction

According to recent statistics, Americans spend $16 billion on yoga classes and equipment annually. Becoming a yoga instructor does require a certification, but if you are passionate about yoga, this could be a great fit. You can teach yoga in a studio, in your home, online, in a park, or even in a brewery or winery. There are a lot of options to make this the best small business to start in New Hampshire.

Idea #5: Digital Marketing Firm

You don’t have to know everything about digital marketing to start a digital marketing firm. You don’t even have to have an office. Many digital marketing firms have employees or contractors who specialize in specific areas like content writing, graphic design, web development, and more. Collaborative workplaces can be a great option for client or staff meetings. 

Idea #6: Food Truck

If you know your way around a kitchen and love to cook, opening a food truck may be the best business in New Hampshire to start. Food truck industry statistics for 2021 predicted a yearly growth of 2.4%, which makes this a promising business venture. If you have aspirations of starting a restaurant, a food truck is a great way to get started with less of an investment. You also have the opportunity to learn the demographics of different areas and experiment with your menu. 

Idea #7: Medical Billing 

Medical billing is on the rise as the healthcare industry becomes increasingly more digital. Outsourcing medical billing is a trend that has really taken off in the last few years, rising at a rate of 12.2% to $4.9 billion over the past five years, including an estimated increase of 5.7% in 2021. There are a number of certification programs available. If you are looking for something that you can do comfortably from home, this could be the best business in New Hampshire to start. 

Idea #8: Teach Music

This one is for people with skills that people want to learn. If you don’t actually know how to play anything, this probably isn’t a good fit. But for someone passionate about an instrument, multiple instruments, or even singing, this could be the best business to start in New Hampshire while also doing something you love. Teach out of your home, go to your client’s home, or open a studio. 

What Are the Best Small Businesses to Start in New Hampshire?

Everyone has different business skills and passions. Determining the best business to start in New Hampshire is a very personal decision. Consider profitability, but also what business resources you have available, your lifestyle preference, and your future aspirations. Here are some reasons why we chose to list these business ideas in New Hampshire:

• All of these businesses can start big or small  
• Startup costs are relatively minimal
• Many of these can operate as a home-based business
• There is a need for most of these businesses
• There are minimal training or education requirements

The best small business to start in New Hampshire is not the same for everyone. If working at a home-based business is important to you, that should be a priority. If you care deeply about a specific industry, lean into that. 

Best Cities in New Hampshire for Starting a Business

It is important to take location into consideration. If you want to open a yoga studio, but there are already five in a 10 mile radius, you may want to reconsider your options. Here are some suggestions: 

• Manchester
• Concord
• Rochester
• Derry
• Nashua
• Londonderry 

Business licenses and permits can also vary from city to city. Determine the best place to start a business in New Hampshire according to what is best for you.

Form Your Business with Us

Starting a lucrative business requires more than just a great idea, but that is an important first step. Once you have determined your business, you will need to figure out what business structure will best fit your needs. We can help you Compare Different Business Structures and breeze through the process with our New Hampshire Limited Liability Company Formation Service or our New Hampshire Corporation Formation Service. 

Getting you up and running is only the beginning. We can also help you stay legally compliant with our Worry-Free Compliance Service. You have enough to do already. Our tools and services are specifically designed to make running a business easier. We’re here to help.  

Disclaimer: The content on this page is for informational purposes only, and does not constitute legal, tax, or accounting advice. If you have specific questions about any of these topics, seek the counsel of a licensed professional.