1 week ago
If diving into entrepreneurship was connected your database of New Year's resolutions this year, you mightiness beryllium wondering however to presumption yourself for maximum success.
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Maybe you've already checked immoderate of the essentials disconnected your list: You've travel up with a business idea, started marketplace probe and gotten captious feedback.
But you should besides see what could spell incorrect and get up of it.
Related: The Complete, 12-Step Guide to Starting a Business
Something arsenic elemental arsenic where you motorboat your task could mean the quality betwixt if it flourishes — oregon fails.
According to the U.S. Small Business Administration, your concern determination is "one of the astir important decisions you'll make," arsenic it impacts your taxes, ineligible requirements, gross and more.
Wallethub compared the 50 states crossed 27 cardinal indicators of startup occurrence to zero successful connected the champion spot to commencement and turn your next large idea. Here's what it found:
Overall Rank: 1 | State: Utah | Total Rank: 59.91 | Business Environment: 7 | Access to Resources: 1 | Business Costs: 32 |
| 2 | Florida | 59.21 | 1 | 14 | 24 |
| 3 | Texas | 56.85 | 3 | 12 | 31 |
| 4 | Colorado | 56.14 | 4 | 7 | 35 |
| 5 | Idaho | 55.88 | 9 | 21 | 10 |
| 6 | Georgia | 55.37 | 5 | 26 | 19 |
| 7 | Arizona | 53.79 | 6 | 22 | 30 |
| 8 | Nevada | 53.54 | 12 | 11 | 26 |
| 9 | Oklahoma | 53.12 | 28 | 19 | 1 |
| 10 | California | 52.97 | 2 | 2 | 49 |
| 11 | North Carolina | 52.90 | 11 | 17 | 20 |
| 12 | Montana | 52.86 | 15 | 28 | 7 |
| 13 | Maine | 51.73 | 10 | 41 | 18 |
| 14 | Kentucky | 50.68 | 24 | 36 | 4 |
| 15 | Washington | 50.60 | 13 | 3 | 41 |
| 16 | South Carolina | 49.99 | 18 | 35 | 17 |
| 17 | Tennessee | 49.90 | 14 | 40 | 21 |
| 18 | South Dakota | 49.70 | 34 | 25 | 5 |
| 19 | Massachusetts | 49.42 | 17 | 4 | 44 |
| 20 | Mississippi | 49.37 | 43 | 30 | 2 |
| 21 | Michigan | 49.32 | 36 | 24 | 6 |
| 22 | Hawaii | 48.95 | 8 | 15 | 43 |
| 23 | Indiana | 47.75 | 29 | 42 | 11 |
| 24 | Arkansas | 47.65 | 25 | 49 | 9 |
| 25 | Nebraska | 46.92 | 32 | 39 | 16 |
| 26 | Illinois | 46.89 | 39 | 6 | 37 |
| 27 | Iowa | 46.84 | 31 | 27 | 23 |
| 28 | Alabama | 46.51 | 38 | 47 | 8 |
| 29 | Louisiana | 46.29 | 40 | 43 | 12 |
| 30 | New Mexico | 46.12 | 33 | 46 | 14 |
| 31 | New York | 46.10 | 19 | 5 | 47 |
| 32 | Oregon | 46.03 | 16 | 18 | 40 |
| 33 | Vermont | 45.79 | 35 | 23 | 29 |
| 34 | Delaware | 45.48 | 23 | 9 | 42 |
| 35 | Ohio | 45.21 | 45 | 37 | 13 |
| 36 | Kansas | 44.68 | 44 | 44 | 15 |
| 37 | Wisconsin | 44.43 | 46 | 31 | 22 |
| 38 | Minnesota | 44.17 | 27 | 32 | 33 |
| 39 | New Hampshire | 43.71 | 21 | 38 | 39 |
| 40 | Missouri | 43.69 | 48 | 34 | 25 |
| 41 | Maryland | 43.65 | 20 | 10 | 48 |
| 42 | Virginia | 43.38 | 26 | 29 | 38 |
| 43 | North Dakota | 43.34 | 37 | 45 | 27 |
| 44 | Pennsylvania | 42.84 | 42 | 20 | 34 |
| 45 | Wyoming | 42.66 | 41 | 48 | 28 |
| 46 | Rhode Island | 42.03 | 47 | 16 | 36 |
| 47 | New Jersey | 41.63 | 22 | 13 | 50 |
| 48 | West Virginia | 40.56 | 50 | 50 | 3 |
| 49 | Connecticut | 39.97 | 49 | 8 | 46 |
| 50 | Alaska | 39.44 | 30 | 33 | 45 |
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