The Best States to Own Small Businesses

Running your own business successfully is the most rewarding career path, giving you the ability to set your own hours and work towards something truly meaningful to you. The path to a running a successful business is paved with time, effort, and dedication. There are a lot of difficulties to owning a business, regardless of where it is located. However, some states create a better environment for entrepreneurship and innovation. These are some of the factors that contribute to the best states for small businesses.

Forbes released a ranking of the best states for small businesses, which were rated due to the following factors:

  • Business costs
  • Labor supply
  • Regulatory environment
  • Economic climate
  • Growth prospect
  • Quality of Life
  • Population

The top five states showing potential for future success for small businesses in 2017 are:

  1. Utah
  2. North Carolina
  3. Nebraska
  4. Texas
  5. Colorado

With all 50 states taken into consideration, Florida ranked #12 of the best states for small businesses. The lenders at Ace Biz Funding have helped a countless number of business owners get their ideas off the ground and running.

If you are considering opening your own business, here is what you need to do:

  • Consider factors such as population, job growth rate, and unemployment in the area you hope to establish your service in.
  • Obtain a business license from your county tax collector.
  • Register your business with the Department of Revenue and the IRS.
  • Contact the professionals at Ace Biz Funding for the secure loan you need to get started in one of the best states for small businesses.