Texas has been named as one of the most entrepreneurial states in the United States and one of the best places for young entrepreneurs. If you’re looking for the best place to start out especially as a young entrepreneur in the United States, I’ll recommend that you pack your things and move to Texas because Texas has one of the most business friendly terrains in the United States of America.
Friendly business rules and regulations
For your business to thrive in any state the government must be your friend and this is exactly what happens in Texas. Rather than impose strict rules on entrepreneurs that end up stifling their businesses, the government in Texas encourages entrepreneurs by sticking with regulatory requirements that are easy to follow and meet up with.
Corporate taxes in Texas are very low compared to other states in the United States. Texas has zero corporate income tax or individual tax and this is one of the reasons why entrepreneurs flock to Texas because they are able to save a lot of money which would rather have been spent on taxes.
Access to funding
There are a lot of state-sponsored as well as private-sponsored businesses funding options for entrepreneurs. A lot of financial institutions and private lenders offer access to business loans with low interest rates for entrepreneurs. Texas also has a good number of angel investors who invest in brilliant start-up projects.
Texans are known to be very friendly and accommodating people so it’s easy to network and meet with people of like minds who can share ideas with you and support you to improve your business.
You would also have access to dedicated and hardworking employees in Texas. The quality of people you employ to manage your business matters because it could determine the success of your business or otherwise. In Texas, you would find a lot of hardworking people that can help to support your dreams and build your business.
Texas is not cheap but most definitely affordable when compared to some other states in the United States. This makes the cost of running a business in Texas cheap which also translates to more business profits at the end of the day.
Texas is also a growing technology hub with lots of business opportunities in the technological sector. Young entrepreneurs would definitely have access to a lot of opportunities and fun doing business in Texas.