Location… location… location… You’ve heard that before, right? Where you decide to plant your entrepreneurial seed can determine if it will or will not grow. Some states are better than others to start a new business. Taxes and license fees vary, laws fluctuate, and some states even have better small business assistance programs through local government.
Thumbtack.com did a survey earlier this year for Entrepreneur Magazine of the best states to where small businesses can grow and thrive. Does your state make the grade?
This is a perfect example of a graphic that provides useless information. Looking at this graphic, am I to assume that Arkansas with an A+ grade is a better place for a tech start-up than California with a D grade.
What industries did they survey, what weight did they put on “easiest criteria”? Did they look at such things as talent pool, access to investment capitol, or just simple paper-work for a business license or taxes?
Lacking a clear definition of evaluation criteria, weight placed on each category, and how each varied from state to state, this is just an example of useless non actionable fluff.
As the old lady said. “where’s the beef?”
Great input, Bob. I believe the survey from the guys at Thumbtack is just purveying the ease of starting a business, from a few sample questions asked to business owners. There’s not a lot of specifics to go on, but I bet they pulled more data that they are not necessarily releasing in this study.
Here’s a link to another report, with a few more details listed: http://www.inc.com/abigail-tracy/thumbtack-survey-best-states-small-business.html