Placing your business at the right location is like trying to find a needle on a haystack. Each state may not have the same opportunity to offer for entrepreneurs, so you need to be careful in choosing where your store will be built.
There are some factors you have to consider when planning your business’s address. Some of these are the travel distance, the number of people in that place, and the expenses you’ll be making. You should also know the state of that area and if it’s fit for your business needs. Since we want you to land on the best place for your investment, we’ve gathered here five ideal business locations you might want to think about.
Texas is one of the states that are found to be fit for any business venture. For the past years, it has gained increase in population, employment, and small business growth. It was also named as America’s Top State for Business last 2012 giving it greater reputation on why you should choose this place.
Residents in Texas do not even have to pay income taxes which can provide you higher profit. Plus, the state has various laws and programs that care for the workers which is a sign of its consideration for the benefit of businessmen and laborers.
Washington is another state that’s suited for starting small businesses. It provides entrepreneurs like you a greater chance for higher income since it has low taxes. This place also does not require income taxes which can be a huge relief for startups. Plus, it’s the home of some famous companies like Amazon.com and Whitepages.com which can be a benchmark on how the state weighs on investments.
If you want to hire employees with high achievements for education, then you can also find them in Washington. The state has a high number of postgraduate and double-degree holders who can be competent for your investment.
The popular e-commerce website Zappos.com is one of the businesses you can find at Nevada. It can give you an idea on how an investment goes in this place. With low taxes provided by this state, you won’t have to hurt your budget on added expenses. Getting a business license in just one day and being able to do meetings or other business ventures virtually are also some of the great offers that Nevada has for entrepreneurs.
Although this state may have problems on employment, its leaders are working their ways to improve the business offer that Nevada is giving.
Utah was given the first spot on The Best States for Business by Forbes making it a potential place for your planned investment. It has been on this position for the third year which can simply show you how ideal this state is for businesses. The energy costs here are way cheaper than others that could save your budget. It also has a large population of 2 million people, a great number that can give you your desired customers.
The growth rate of small businesses in Oklahoma has incredibly increased for the past years which made it gain a higher spot on Biz Journals. It has services providing aid for startups like affordable prices for office rents and related needs. The population in this state is also ideal for businesses targeting large markets since it has at least 3 million people in it. Plus, the energy sector here is continuously growing which can be a sign of attracting more investors.
These five state examples made it to our list because they have their own set of advantages for starting a small business. So if you’re still on the search for the best location, then try to scout these areas too.
When you’ve found a workspace that seems fit for your venture but still uncertain about it, take a picture of it. Share this photo on Instagram, Facebook, or Twitter and let your friends or followers give advice if it’s really the right choice.