Starting a business is a daunting prospect for a budding entrepreneur. You want to get off to the best possible start and have certain supports which are required to make your new business a success. The location and environment you’re surrounded in plays a huge role in how successful your new venture will be. Certain US cities are more suitable for business start-ups than others. These are some of the top US cities to start a new business.
This state capital is also one of the best places to start a business in Texas. With a population of over 1.7 million, Austin is the perfect place for entrepreneurs who want to start a business for less. Its highly educated workforce and low unemployment rates are proof that this city is a business-friendly, positive place. Over 23,000 organizations are considered to be small sized businesses which is much higher than most other cities in the United States.
Investors have also realized the potential in Austin. It’s now one of the leading places for venture capitalists to invest their money. Lower living costs, taxes and business costs also suit new business owners who may struggle to make ends meet when they are starting out. Other incentives for potential business owners in the Austin area include co-working spaces, business incubators and other facilities that foster a business-friendly environment.
This list would be incomplete without mentioning Seattle. Seattle is the home of some of the world’s largest and most popular businesses including Amazon and Microsoft. This hotbed of business talent continues to produce some of the world’s leading business leaders and gives opportunities to many new individuals who want their organization to be the next Amazon or Microsoft.
The costs involved in starting a business in Seattle are often higher than other cities. However, funding is more accessible here and new businesses have greater access to mentoring services from some of the leading lights in the business world.
Denver has a higher cost of living than many other business-friendly US cities. However, the cost of running a business is lower than many other cities. A range of business incentives are available. Tech companies in particular benefit from lower business costs and are rewarded for certain types of job creation that benefits the city.
Dallas is known for its big businesses. However, it’s also home to a wide range of smaller companies that have thrived there. A constant flow of highly qualified graduates from its more than fifty universities and colleges means business owners have a huge pool of highly qualified employees to choose from. A favorable tax system is also an incentive for start-ups.
If you’re a tech start-up, service business provides many options because each of these areas continues to flourish. Various business development centers and local business meetup groups are also fostering a new generation of business people in the Dallas area.
Some cities are business-friendly, while others are difficult places to succeed. Starting in a location like one of the cities above will give you a huge head start. It will help you build momentum so that you will continue to be a successful entrepreneur.