If you are ready to change the startup fantasy of a small
town, then you will want to see the list of the best small town of Wallet ham
to start a business. This study shows that there are professionals and
opposition to start a small business in the city. For example, study authors said that small-town entrepreneurs
benefit from lower living costs and less competition but may suffer due to a
limited customer and employee base.
Studies, compared to more than 1,200 cities with a
population of 25,000 and 100,000 people, and evaluates them on three factors:
- Business environment (average increase in small businesses, average revenue per business and number of per-person startups)
- Access to resources (including financing, investors and employees)
- Cost of business (including living, corporate tax, office space, and labor cost)
Overall, after Holland, Michigan, Carbondale, Illinois, the
top of the list is; Springville, Utah; Eastern Chicago, Indiana; And out of
Jefferson City, Missouri, Top Five
Does this mean that you should pack your bags and go to the
Midwest? Not necessarily Cities with high total scores sometimes score fewer
than three areas. For example, while there is a favorable business environment
in Holland, Michigan, it did not even rank in terms of access to resources.
Is a small city suitable for you?
When deciding to launch your business, the most important
factor for you is the most important factor for you. What do you need for your
startup to succeed? For example, if you want to start a business that will
depend on people who physically visit your place, such as the restaurant, the
cost of the place of renting and the obtainability of a sufficient customer
base, a big decision in your decision Will be the factor.
On the other hand, if you start a technology business which
will serve customers across the country, then a great concern is the
availability of skilled workers that you can rent when your business grows.
When considering a small town place, ask yourself a few
questions:
- How much help does the city offer to small business owners? Are there taxes or other financial incentives to start a business or search in the area? What types of economic development, networking and support organizations are available for business owners?
- How close are cities to major cities and/or transportation centers? If your small town is within driving distance of a larger city, you can enjoy the best of both worlds: a peaceful and low-cost lifestyle, with relatively easy access to customers, employees, and transportation for products or business trips.
- What is the form of a collection of local workers? How well do their skills fit your needs? For example, starting a manufacturing business in a city where large producers have closed can give you a collection of experienced employees.
- Are there the closest colleges or universities that can provide educated and high-achieving employees? If you need employees with special skills, consider forming partnerships with local colleges and universities to develop worker pipelines.
- How much money does your startup need? If access to finance is a big problem for you or you need to raise large amounts of capital, get funding before you move or investigate how easy it is to access capital in a small city.
One final warning: Don't assume that just because you are
launching a business in a small city, you can do the least and still succeed.
Your business will be more visible in smaller cities than in larger
communities, so the mistakes you make will be enlarged and can be more
difficult to repair. What's more, just because you currently have the only
Mexican restaurant in town doesn't mean it will last
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