When it comes to starting a business, location matters because it determines many other things that can make or break a new venture. An entrepreneur might have a strong product or good idea, but, if they’re in the wrong location, all kinds of problems can present themselves. The entrepreneur might find it difficult to access startup funds and talented labor, they could struggle to find affordable office space, or they might simply be in a market that isn’t interested.
Starting a business is an exciting, time-consuming process, and one that should be done with thought and care. As you probably know, you can’t exactly create a business from nothing. You need resources to flesh out your business model, invest in employees and equipment and legitimize your company so that it’s operating legally.
A study from the Ewing Marion Kauffman Foundation estimates the average cost of starting a new business at $30,000, but the U.S. Small Business Administration (SBA)[...]