When you think about starting a business, you may immediately envision certain cities as the best places to stretch your entrepreneurial muscles. These cities may include the business and political giants of New York City, San Francisco, and Los Angeles. However, one other city is worth adding to your list, although it’s not located on the West or in the Northeast: it’s Miami. Brian Ferdinand, a leading expert in business, recently shared why Miami is a top place for commerce in 2020 and beyond.

WELCOME TO MIAMI

According to Brian Ferdinand in the recent article, New York City, San Francisco, and Los Angeles are powerhouses when it comes to global commerce. However, Miami is following behind them rather closely, as it is dominating the United States’ Southern paradise.

Miami currently serves as a powerful and convenient gateway to South America, North America, and Central America. In fact, it is widely recognized as the United States’ capital of modernization, business, and culture in Latin America. As the city is viewed as a cutting-edge municipality that has great promise for expansion and progress, it may be in your best interest to make this city your business’s home.

What makes Miami unique, among other things, is its diverse and eclectic economy of entrepreneurs who are immigrants. As a matter of fact, this diverse economy has fueled expansion that has exploded across several industries, including aviation, the development of commercial properties, and technology.

BOOMING INDUSTRIES IN MIAMI

In Miami, you can flourish in many industries, but a few core ones may be worth a second look for you. For starters, consider starting your own restaurant or food truck. Even when the economy is struggling, people will always need and want food. For this reason, if you possess culinary skills, you might want to invest in this type of business.

Another industry option is digital marketing if you have experience or an education in this up-and-coming area. Many businesses are growing in their awareness of the power of the World Wide Web for lead generation and marketing, and thus, they are dedicating large portions of their budgets to it. In light of this, creating your own digital marketing agency might be a wise move.

If you enjoy tourism, then owning your own tour guide business might also be in order in Miami. The city remains a hotbed for tourism, so you can easily get paid to help tourists to discover the most enjoyable places in the city.