Just as farmers seek fertile land to plant their crops on, entrepreneurs face a similar decision in where they should set up shop. With today’s economic and societal conditions, a business’s geographical setting could be the key to their prosperity or their demise. According to the U.S. Bureau of Labor Statistics, one out of five new businesses fail within a year of opening … [Read more...]
Best and Worst States and Cities for Small Business Ownership
A new study from Thumbtack and the Kauffman Foundation ranks U.S. states and cities based on overall small business friendliness. Nearly 8,000 small business owners responded to the survey, and the results show some clear winners and losers. Interestingly, small business respondents were relatively unconcerned with tax rates. More than one out of two respondents believe they … [Read more...]