Whether it’s opening a restaurant or launching a startup, starting your own business is a bold move. It’s bold because it’s risky. And it’s riskier to launch it in some cities than others. Here are the best cities to start a business in 2015.
WalletHub looked at 150 of the most populated cities in the U.S., analyzing 13 different metrics that affect business owners. A few of these metrics include: survival rate, affordability of space, and how easy it is to obtain a loan. They grouped those metrics into two categories: Access to Resources and Business Environment. Survival rate would fall under Business Environment; financing accessibility would fall under Access to Resources.
Based on how cities rank in those two categories, they then ranked them overall, and here’s what they came up with.
The top 10 cities for starting a business:
You can check out how individual cities fare, too, with this interactive tool:
Source: WalletHub
To see how each city ranked in different categories, like average workday, income, and employee availability, head over to the main article at the link below.
2015’s Best Cities to Start a Business | WalletHub