10 Most Profitable Businesses to Start in Wisconsin in 2023

Are you a budding entrepreneur looking to start a profitable business in Wisconsin? Look no further! We’ve compiled a list of the 10 most lucrative businesses to start in Wisconsin in 2024 based on market trends and economic forecasts.

First on our list is the healthcare industry. With an aging population and increasing demand for healthcare services, starting a healthcare-related business such as home health care, medical transportation, or medical equipment supply can be highly profitable.

In addition, Wisconsin has several world-class hospitals and research facilities that provide opportunities for partnerships and collaborations. Keep reading to learn about other promising industries and businesses to consider starting in Wisconsin.

Healthcare Industry

The healthcare industry in Wisconsin is one of the most lucrative industries to invest in, especially with the telemedicine implementation and nursing home staffing on the rise.

Incorporating your business as an LLC in wisconsin can provide various tax benefits and limit personal liability. Some of the most profitable businesses to start as an LLC in Wisconsin include medical practices, construction services, and consulting firms.

Creating a limited liability company (LLC) in Wisconsin is a prudent move for business founders looking to maximize profits in the state. Not only are certain industries, such as finance and insurance, particularly lucrative here, but forming an LLC provides protection for personal assets should the venture run into financial trouble.

Starting a successful business in Wisconsin can be challenging but with the help of a reliable wisconsin LLC service provider, entrepreneurs can easily establish their companies and reap significant profits by 2024.

If you’re looking to take advantage of Wisconsin’s thriving economy, starting a craft brewery or a bicycle rental service might just be the ticket. These are just a few examples of the best businesses to start in wisconsin, a state which offers ample opportunity for entrepreneurs looking to get a foothold in the market.

Telemedicine has become increasingly popular among patients, as it allows them to receive medical care from the comfort of their homes. This technology has proved vital during the pandemic, where people have been unable to visit hospitals or clinics physically.

Nursing home staffing is another area that presents excellent opportunities for entrepreneurs looking to start a profitable business. As Wisconsin’s population continues to age, there is an increasing demand for quality nursing homes with adequate staff.

This presents an opportunity for entrepreneurs to provide top-quality services and facilities, which will undoubtedly attract more clients. Moreover, with new technologies emerging every day, nursing homes can implement these technologies to improve patient care and reduce costs.

Food And Beverage Manufacturing

When it comes to the food and beverage manufacturing industry, Wisconsin is known for its exceptional farm-to-table cuisine and craft breweries.

In fact, Wisconsin is one of the top states in the country for beer production, with over 300 breweries scattered throughout the state. This has created a thriving market for craft beer enthusiasts and a lucrative opportunity for entrepreneurs looking to tap into this industry.

Additionally, Wisconsin’s agricultural roots have made it an ideal location for farm-to-table businesses that specialize in locally sourced ingredients.

With a focus on sustainability and quality, many Wisconsin-based food manufacturers have found great success by emphasizing their use of local produce in their products. From artisanal cheese makers to boutique chocolate shops, these businesses are tapping into a growing demand for farm-fresh goods and are poised to continue thriving in the years to come.

Renewable Energy

While food and beverage manufacturing remains a profitable business in Wisconsin, entrepreneurs are also looking towards renewable energy.

The state has been making strides towards sustainability by implementing policies that encourage the use of clean energy sources.

This has opened up opportunities for green jobs and sustainable practices that can be capitalized on in the coming years.

Renewable energy businesses such as solar panel installation, wind turbine manufacturing, and biogas production are expected to see significant growth in Wisconsin.

With a focus on reducing carbon emissions and transitioning to a cleaner future, these industries will play an essential role in meeting the state’s sustainability goals.

As more consumers become environmentally conscious, there is a growing demand for products and services that align with their values.

Entrepreneurs who prioritize sustainable practices can expect to see success in these emerging markets.

Technology And Innovation

If you’re looking to start a profitable business in Wisconsin, technology and innovation should be at the forefront of your mind. The state has a growing tech industry, with plenty of opportunities for entrepreneurs to break into.

In particular, startup incubators and tech accelerators are great resources for those looking to get their foot in the door. Startup incubators provide resources and mentorship to new businesses, helping them grow and thrive in their early stages. Many incubators also offer access to funding opportunities, which can be crucial for startups trying to get off the ground.

Tech accelerators, on the other hand, are designed to help established businesses grow quickly by providing access to resources like networking events and mentorship programs. With so many options available in Wisconsin, it’s clear that technology and innovation are key areas to focus on when starting a business in this state.

If you’re interested in starting a technology or innovation-focused business in Wisconsin, there are plenty of resources available to help you succeed. From startup incubators to tech accelerators, there are countless opportunities for entrepreneurs looking to break into this thriving industry.

Whether you’re just getting started or have an established business that needs some extra support, these resources can help take your company to the next level. So if you’re ready to take advantage of all that Wisconsin has to offer in terms of technology and innovation, now is the time to get started and see what kind of success you can achieve!

Real Estate And Construction

As technology and innovation continue to shape the business landscape, one industry that remains essential is real estate and construction.

With the surge in demand for housing and commercial spaces, entrepreneurs are presented with a plethora of opportunities to explore. However, before embarking on this venture, it is crucial to determine which niche will yield higher returns – residential or commercial.

Residential vs Commercial: Which Real Estate Niche is More Lucrative?

While both niches offer their advantages, they also come with their respective challenges. Residential properties tend to have lower acquisition costs and are easier to manage than commercial ones. On the other hand, commercial properties generate higher incomes but require more significant capital investments and specialized management skills.

Ultimately, choosing between these two niches will depend on your financial capacity, location, market trends, and personal preferences.

The impact of supply chain disruptions on construction businesses has been a significant concern for entrepreneurs in the real estate industry. The COVID-19 pandemic exposed weaknesses in supply chains worldwide as materials such as lumber became scarce and prices skyrocketed.

Therefore, it is essential for entrepreneurs to stay abreast of supply chain trends and develop contingency plans to mitigate any potential risks that may arise.

Despite these challenges, the real estate and construction industry remain a profitable venture for those willing to navigate its intricacies successfully.


In conclusion, starting a business in Wisconsin can be a lucrative venture with many opportunities for growth and success.

The healthcare industry is booming, with an increasing demand for skilled professionals and innovative technologies.

Food and beverage manufacturing is also on the rise, as consumers become more conscious of their health and environmental impact.

Renewable energy and technology are two sectors that are poised for significant growth in the coming years, with the state investing heavily in these areas.

Finally, real estate and construction continue to be profitable industries in Wisconsin.

As someone who wants to start a business in the state, it’s important to carefully consider your options and choose a sector that aligns with your interests and expertise.

With hard work and dedication, you too can succeed in one of these top 10 most profitable businesses to start in Wisconsin in 2024.

If you’re starting an LLC for the first time in 2024, it may be helpful to work with a LLCPilot who can guide you

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