If you are planning to start a business in France, then it is a great initiative. Initially, you can make a start on a small-scale with a low capital if you want. Here are some investment opportunities and small business ideas in France that you can start in 2020 and later.
You know, France is located in Western Europe and is one of the largest economies there beside Germany and the United Kingdom (UK). It is bordered with six other countries namely Belgium, Germany, Luxembourg, Spain, Italy and Switzerland. Besides this location on the European continent, France also has other territories such as some islands located in the Pacific, Atlantic and Indian Oceans as well as the French Guiana located in South America.
As at June 2016, the population of France stood at 66 million people. Paris is the capital city of France with other major cities being Lyon, Marseilles, Bordeaux, Lille, Nice and Toulouse.
France is also an economic power in the European Union (EU). It recorded a Gross Domestic Product of EUR2.42 trillion while GDP per capita was at EUR42,000 in 2016.
If you wish to start a business in this country, below are some small business ideas in France that you may want to consider:
Food truck business
Although France, especially Paris, has long been known as a haven for fine dining, the food truck business can still do well especially for the younger generation. It is actually fast food but can be considered a healthier version as compared to the other types of chain restaurants selling fast food.
Comparatively, your investment cost is lower if you were to start a restaurant. The major investment you need to make is the cost of the truck and equipment. In terms of staff, you can start off the business with a friend so that both of you do the work.
You can start any type of freelancing business. As an example, you can do article writing. There are hundreds of thousands of websites out there in the cyber world. Although the bigger companies that maintain their websites may have their in-house team, there are still companies that employ freelancers to do their work for them.
Besides article writing, if you are in IT expert, you can be a freelance IT consultant. Some of the jobs that you can do are web design, mobile software development, app developer and many more.
Another opportunity of freelancing is as a translator. If you are fluent in French and English, you can easily find work as a translator.
Small sales business
Setting up a small sales business should be relatively easy. Some of the businesses that you may consider are sales of mobile phones, sales of mobile phone accessories, sales of pets and its related products and many more.
Home cleaning service
As working people get busier every time, cleaning their homes can be quite a burden. You can start a home cleaning business in France. However, you would probably need to employ some low cost workers to assist you in this venture or you could also do it on your own with help of some friends.
Of course, the homeowner would need to be at home at the time of cleaning so there won’t be any accusations in case anything goes missing.
To start a taxi service in France, you need to obtain a proper license and necessary permits from the local authorities before you start this business. Since this is a major tourist destination in Europe, you have a relatively large market especially in the metropolitan cities such as Paris. If your business is properly run and managed, you can expand it to a fleet of taxis under your company.
Although Uber, the ride hailing app is now very popular worldwide, the service is still not approved in France by the French authorities. If and when it’s approved, this can be another alternative for you.
Interior Design business
Although you can’t really say the interior design business is a small business but you can start small probably operating from your home. If your business expands you can then move to a proper business premise.
In order to succeed in this business, you would need to have the right contacts such as contractors, suppliers of furniture and fittings as well as soft furnishings such as curtains.
Wedding Planning Services
If you have a knack of planning things, then this type of business should suit you well. Most people getting married would prefer to leave the hassle of preparing for the marriage to someone else. They can then just enjoy the most important day of their lives as someone takes care of everything else.
Similarly, to the interior design business, it would be advantageous if you have contacts with restaurants, hotels or any other venues for the wedding day.
Buying and Selling used items
There is a saying that goes ‘One man’s junk is another man’s treasure’. This is so true for this business. Of course, you would need to source for the products on your own but that shouldn’t be a problem as people always throw out their unwanted items. It would also be advantageous for them if someone bought it from them albeit at a cheap price. You would definitely have to clean and maybe spruce the item up a little before selling it for a profit. You can always find that people are always looking for a bargain.
Real Estate Agency business
To open a real estate agency, you would, of course, need to obtain the necessary licenses to operate this type of business. You would need to obtain a ‘carte profession Nelle’ which will show that you have professional standards and integrity for this business.
A lot of people are now shopping online for practically anything. It’s so convenient and easy to do it. As a business owner, you can sell anything that you want provided that it’s legal. If you are experienced in online business, you can actually also set up a company that provides training for anyone wanting to start an online business.
These are some small business ideas in France that you can consider. There are many more business opportunities to start a business there. The only thing for you to do now is a start and go with FDI in FRANCE.
Note: for any kind of business registration in France you can contact us!