Every hour there are about 11,000 start-ups launched across the world, according to a GEM global report. With this many companies embarking on their journey in the hopes of reaching success it can be intimidating to run with your own ideas for a start up. The competition is intense and there is always a chance of failure. If you’re one of the many hopefuls with the dream of launching your very own business, you might consider moving to a city that would give you a higher chance of becoming successful. There are several cities across the US that seem to be breeding grounds for start-ups, and for good reason. For a high chance of success, consider moving to one of the following cities before launching your business.
In recent years, Boston has been named one of the best places to launch a startup. There are many reasons why you should consider “pahking” your business in this Massachussetts city. One of the most important is that you will likely be able to find some top-tier talent to help you run your new business. With Harvard and MIT located nearby, many intelligent graduates are looking for their first job out of college and young business people love the idea of working for a startup.
If your business is centered in healthcare or technology, the Raleigh-Durham area could be the place for you. RTP is known for being one of the most successful research parks in the United States. You’ll be surrounded by other innovative businesses which will allow you to network and learn from others. Additionally, this cost of living map places Raleigh at a much more affordable level than any of the others on this list, so you won’t have to worry as much about your funds.
Denver has been steadily rising on lists of the best places to launch a startup over the last ten years and for good reason. First, the lifestyle is comfortable and relaxing. It’s a great city to get away from it all on the weekends and get a little relaxation. Plus, Colorado is very welcoming to new businesses and events like Denver Startup Week help new companies to get their feet wet and make a name for themselves.
Everyone knows that Austin is home to the famous SXSW festival, which hosts a startup village each year, but the festival is not the only time of year that start-up hopefuls should venture to Texas. Austin is a fantastic city to network and get access to money and backers for your company. In fact, Austin has been given the name of being the very best city for new business owners.
Sure, everyone knows that Silicon Valley is one area where you could head to fulfill your business dreams, and you should never rule out NYC, but the four cities mentioned above might be a better fit for you. If you want to stand out from the crowd, find the right talent, enjoy the lifestyle and find the funding then you should look into selecting one of the areas on this list.
Remember, each city will have their own perks and you should always do research based on the industry of your startup. No matter where you move, keep in mind that launching a startup is no easy task and you’ll need to be willing to put in the hours, network with others in your industry, and learn how to effectively market your business. With 11,000 launches an hour, you’ll need to commit yourself completely to your new endeavor and you’ll have a higher chance of achieving your goals.