Hostel Business; a Lucrative Opportunity in Big Cities Like Chicago

Chicago is a travelers’ hub, and they are not just the tourists and businessmen, but there’s a good number of foreign population that is here for job or studies. 

Budget accommodation is something everyone looks for, and so it can be a lucrative market here in Chicago. So, if you are done with exploring the big lists of small business ideas for Chicago, it’s time to get serious about delivering some valuable service to people looking for budget accommodation.

If you own a residential property in the center of the city or it is somehow near to offices and Educational institutes, a hostel business would better suit you. Forget about renting the property and think about making it a valuable place for people looking for budget accommodation.

Even if you do not own such a property and you have happened to stay at a guesthouse or hostel ever, you can certainly have ideas to run such a business in much better way. In that case, you can rent a property to use it as a hostel!

Check out these useful guides on starting a hostel business:

Start with this ultimate guide to open a hostel business, and do check this one for an idea of how much money you can make with hostel business? And yes, this one is a special guide to start a backpacker’s hostel.

Well, Chicago is a big city with enormous business opportunities and you can start some businesses with no money at all too… Here’s one such idea by one of my colleagues, who insists on starting blogging as a business in Chicago.

Financial Advisory Business in New York? Are There Good Opportunities

If you happen to look at the business scenario in the New York City; the first glance may tell you that there are already too many financial advisors in the city with years of industry experience, good repute and a steady stream of new clients... so there's no place for you...

But wait, every day tens of thousands of people search for new small business ideas for New York City, thousands are seriously interested in starting their own business and few hundreds take actual step to start a business.

Now these few hundreds are those who start very small and cannot afford those big shot financial advisors.... Why not to step in and offer them what they need on relatively lower cost and in much better way than those big names.....

New business will love to work with you and will recommend you to more new businesses! So, a big YES!

Read this insightful article on how to become a successful financial advisor in New York City and explore the whole new world of doing business the way you want!

One of my friends suggests that starting a foreign cruising restaurant in New York City is the most profitable business, but if I compare it with the financial advisory, I think, the later one will win!