QUIZ

Starting a Business in Mississippi Quiz

By | Updated for Sep 2018

Starting a business in mississippi quiz

Historically and today, the state of Mississippi is actually considered one of the poorest states in the United States. This, however, does not mean that the state isn’t suitable for starting a business. In fact, many types of enterprises thrive here.

These are the top industries in Mississippi:

·         Automotive (Toyota Mississippi Plant in Blue Springs and a Nissan Automotive plant in Canton)

·         Manufacturing (Meatpacking, furniture production, chemical manufacturing, cotton)

·         Agriculture (The most valuable crops are cotton, soybeans, corn for grain, rice, and sweet potatoes)

According to the Bureau of Economic Analysis, Mississippi's total state product in 2010 was $98 billion. This was followed by a .5 percent GDP growth in 2015 which is estimated to grow in the following years.

Only 56% of the citizens working, the state of Mississippi has one of the lowest workforce participation rates in the country. This low percentage is also due to the fact that 10% of the population is disabled, approximately 70,000 adults.

 

Top business opportunities

·         Cotton farm

·         Liquor store

·         Gas station

·         Auto repair shop

·         Groceries store

·         Casino Gaming Centers

 

Steps to Starting a Business in Mississippi

1. Name your business

2. Follow naming guidelines (this includes finding an available domain)

3. Decide on a business structure

4. Do plenty of research

5. Know your competitors

6. Register your business

7. Obtain necessary permits and licenses

8. Hire the right team

9. Market your business (including branding)

10. Finance your business

11. Always continue learning

 

To check your knowledge when it comes to starting a business in Mississippi please click on the 10-questions quiz below!

 

 

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