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Where are the best U.S. cities to plant your startup?

(ENTREPRENEUR NEWS) The results of this survey are surprising, and may have you packing up your cold weather gear to move inland and scout for office space.

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Grow where your dollar counts

It’s no secret that San Francisco, Los Angeles, and New York are major hubs for new startups, but they can be incredibly expensive cities in which to live and grow a business. From the cost of a cappuccino to the need for a wired office phone (based on relative cell phone coverage), every dollar counts for startups. So why not pick a city that makes it easy to hit the ground running?

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Nerd Wallet surveyed 381 Metro Areas in the U.S. to figure out which ones were the most nurturing to foundling companies. Their analysis included the number of people between the ages 25 and 34, the median income of the area, unemployment rate, and cost of housing. They also looked the ratio of businesses to people and the amount of new small business loans each area administered. The results are surprising, and may have you packing up your cold weather gear to move inland and scout for office space.

And the results are…

10. Missoula, Montana
With the most businesses per resident, Missoula starts our top ten. It has few young professionals even though it is home to a small university. It has a low median home price, and incomes that won’t blow your socks off. It also touts the lowest population of all the top ten metro areas listed.

9. Fargo – North Dakota – Moorhead, Minnesota
Dust off your North Dakota accent, because Fargo is the place to be. There aren’t a lot of startups here, but the networking is top notch. Food startups don’t be shy, Fargo is home to some new craft beer bars, and cafes.

8. San Francisco – Oakland – Hayward, California
Don’t bash San Francisco’s home prices just yet; the Bay Area still has a lot of perks. Not only does it have the highest median income, but the number of primo colleges in the area produce a sharp workforce.

7. Seattle – Tacoma – Bellevue, Washington
While this seems like the place to be for a lot of new startups today, Seattle may not be your best bet. While it still ranks number 7 in the entire country, Seattle has the highest unemployment rate of the ten contenders, and doesn’t give out a lot of small business loans. Still, the median home price is a whopping 350k which, for a startup city by the ocean, is not that bad.

6. Fort Collins, Colorado
With a lower unemployment rate and cheaper real estate than Denver, Fort Collins comes up short by offering a lower percentage of young labor. Still, Colorado is hard to beat on the whole, coming up with three separate areas that are prime for brand new businesses.

5. Denver – Aurora – Lakewood, Colorado
A short commute from its higher scoring neighbor, Denver still has a lot to offer a new small business. It tends to be less expensive than Boulder and has more young residents.

4. Austin – Round Rock, Texas
The hometown of The American Genius and the Texas Longhorns, this state capital does not disappoint. Not only does it offer a smorgasbord of recent grads hungry for jobs, but it has also allotted a huge percentage of small business loans as well.

3. Salt Lake City, Utah
Salt Lake City ranks highly in a lot of categories. Not only does it have a good amount of young educated people, they have lots of businesses per capita, and strong cell coverage. This isn’t just for tech startups though – craft breweries have been popping up ever since Utah loosened its strict alcohol standards a few years ago.

2. Minneapolis – St. Paul – Bloomington, Minnesota
The twin cities are home to a ton of huge companies. From Target to Best Buy, small businesses here won’t be lacking for local mentors. The city is full of millennials and its real estate is cheap. Don’t forget to splurge for heat and air conditioning in your office space; the temperature swings can be brutal.

1. Boulder, Colorado
Of the areas polled Boulder, Colorado topped the list. Not only is it surrounded with gorgeous scenery, but Boulder has the highest number of college-educated residents, AND the most amount of businesses per capita.

Where are you planting the seed?

If you’re starting a new business every penny counts, and success might mean moving to one of these cities to get it started. That doesn’t mean you can’t succeed anywhere, though. With the right idea, work ethic, and talent, there’s no stopping you! Some places might just make success a little bit easier. And who doesn’t want starting a startup to be easier?

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C. L. Brenton is a staff writer at The American Genius. She loves writing about all things, she’s even won some contests doing it! For everything C. L. check out her website

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2 Comments

2 Comments

  1. Johnathan

    January 6, 2017 at 9:54 pm

    Though I think these ten cities are great places to begin and grow a startup, I strongly feel that Charlotte, North Carolina deserves to be somewhere on this list. It is quickly developing and is one of the largest financial centers in the US.

    • Lani Rosales

      January 7, 2017 at 11:06 am

      We’ve heard a lot of great things about Charlotte – it’s on other lists, so maybe they’ll include it next year!? #GoodLuck 🙂

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Business Entrepreneur

Every modern business needs to automate these important processes

(ENTREPRENEUR NEWS) If you’re still handling the majority of your business functions and processes manually, you’re missing out on a chance to grow.

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Automate your biz

We’re living in an era of tremendous innovation. But not only are business technologies rapidly advancing, they’re also extremely cost effective. If you’re still handling the majority of your business functions and processes manually, you’re missing out on a chance to grow.

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There’s something to be said for performing tasks manually, but if you’re attempting to do everything on your own, you probably have an issue with control. You’re worried about what will happen when you step away and aren’t quite sure of how your business will respond. Well, here’s a news flash: The most successful small businesses in the world are automating many different key activities, including the following:

1. Employee Scheduling

“If you’re still scheduling your employees using pen and paper and then calling them individually or making them come into work to learn when they are working, you are living in the past and need to modernize your process,” ShiftPlanning clearly explains.

It may seem like a basic business process, but employee scheduling is extremely important for many companies.

You need to ensure you have the right number of people working at every hour of the day, as well as the right mixture of talent and personalities.

Thankfully, you don’t have to handle this responsibility on your own. You can streamline and automate the entire process with employee scheduling software.

2. Social Media

For small businesses, social media is a big priority. Platforms like Facebook, Twitter, and Pinterest allow you to put your brand in front of thousands – even millions of people with the click of the button. But if you’re like most businesses, you don’t have the time or resources to spend 40-plus hours per week working with social media.

Don’t fret, though. Automation is possible in this area as well. In fact, social media automation is a swiftly growing industry that features dozens of reputable tools that can take your business to the top. Here’s a look at a handful of the top ones.

3. Human Relations

Most people don’t realize that you actually automate many different HR tasks with relative ease. While it’s still a good idea to have an HR person on staff (or at least someone who has experience in the area), HR software can reduce much of the burden associated with maintaining a full-blown HR department.

With HR software like Zenefits, Justworks, or Algentis, you can automate tasks like compliance, benefits, insurance, taxes, and payroll – all things that otherwise take up hours of your day. This also lets you move towards a paperless system, saving money and space.

4. Backup and Recovery

If your business has ever experienced data loss, you know how significant and detrimental it can be. However, you’re also aware of how time-consuming it is to manually backup files. It’s easy to forget, space is at a premium, and you aren’t even sure you’re doing it the right way.

This is where automated backup and recovery comes into play.

An automated solution handles the process without any need for manual intervention and ensures your data is waiting for you in the event of a disaster.

How does that sound?

What are you waiting for?

If you aren’t currently automating business processes like these, you’re well behind the curve. Whether you realize it or not, you have access to tremendous tools that allow you to streamline these responsibilities with relative ease.

Take advantage of these opportunities and actively work to push your business forward. It’s the businesses that automate that will excel in the future.

This story was originally featured on November 11, 2016.

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Business Entrepreneur

7 books every entrepreneur should read

(BUSINESS ENTREPRENEUR) You’ve heard it said, “do as I say and not as I do.” Read these books from authors who have figured out what works and what doesn’t when starting a business.

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The power of books

If you’re thinking about leading a startup, but not sure where to go, the internet is often the first place we look. Surely, you can find dozens of blogs, articles, stories, and opinionated editorials that can help give you something to think about.

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However, there are tons and tons of great books that can help you think about what you need to get started, how you need to change your mindset, or challenges you may confront as you begin your startup journey. Take a look at the following 7 you may want to add to your bookshelf.

1. The Startup Checklist: 25 Steps to a Scalable, High-Growth Business
This text not only boasts a 5 start rating on Amazon, but offers what few books do – practical, tangible, down to earth advice. Where lots of books try to tell you a story, talk strategy, and share wins, author David Rose instead focuses on advice that assumes no prior experience – and breaks it down from the fundamentals.

2. Nail It then Scale It: The Entrepreneur’s Guide to Creating and Managing Breakthrough Innovation
Nathan Furr and Paul Ahlstrom focus on creating a lean startup by offering a step-by-step process that focuses on nailing the product, saving time, and saving money. The first step is about testing assumptions about your business, and then adjusting to growing it (hence: Nail It and Scale It). Strong aspects of this book include a great theoretical foundation, and an easy to follow framework.

3. The Founder’s Dilemmas: Anticipating and Avoiding the Pitfalls that Can Sink a Startup
Wasserman’s strength here is that he focuses not only on the financial challenges, but identifies the human cost of bad relationships – ultimately how bad decisions at the inception of a start-up set the stage for its downfall. This book is a great tool to proactively avoid future legal challenges down the row, and also discusses the importance of getting it right from the start.

4. The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers
Horowitz writes about his experiences, taken from his blog, in a way that even inexperienced managers can touch and learn. The advice here really focuses on leading a start-up, and what lessons his experience has given him. Presented in a humorous, honest, and poignantly profane way.

5. The Startup Owner’s Manual: The Step-by-Step Guide for Building a Great Company
Blank and Dorf here standout due the sheer mass of this text. A comprehensive volume at 573 pages, my favorite piece for new investors is a focus on valued metrics – leveraging data to fuel growth.

6. The Subtle Art of Not Giving a F*ck: A Counterintuitive Approach to Living a Good Life
A personal favorite of mine, this book is recommended for entrepreneurs not because it’s focus on business, but as a reminder that those of you wanting to start up are people. You have limited resources to manage as a person, and will need to adjust your perspective on what you care about. This book is about changing your mindset to pick your battles and be more focused.

7. Disciplined Entrepreneurship: 24 Steps to a Successful Startup
Bill Aulet starts with an approach that entrepreneurs can be taught, and breaks down the process into 24 steps, highlighting the role of focus, the challenges you may encounter, and the use of innovation. This text wins due to its practicality for new start-ups, and a specific method for creating new ventures. It also features a workbook as an additional, optional resource. Check it out on Amazon

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6 entrepreneurial tools for startup productivity

(ENTREPRENEUR NEWS) Whether you’re a small business or startup, improving efficiency means more money and less stress. Here are six tools to help do just that!

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All good entrepreneurs are full of ideas

Truly great entrepreneurs are also well organized and know which tools will help them see their ideas to fruition.

That can be key for getting a startup business off the ground. Good ideas and a strong entrepreneurial spirit aren’t always enough on their own. Sometimes you need the right mix of technology and tools to keep the more mundane and tedious tasks from bogging down your efforts.

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Here are six tools almost any entrepreneur can use to help keep productivity high when starting a new business:

Lawtrades: For legal help

For most entrepreneurs, it’s not the most exciting thing in the world, but making sure you have your legal ducks in a row is important for any startup. Lawtrades helps with that while trying to keep costs down — music to the ears of any startup business owner.

The service is a legal marketplace of sorts designed specifically for startups and entrepreneurs. It connects business owners with legal professionals that it claims don’t charge “bloated law firm hourly rates.”

Lawtrades offers a number of services, including business formation, employment and labor, contracts and agreements and intellectual property.

Do: For productive meetings

Anyone who has started a business knows that it doesn’t happen without a multitude of meetings. Do is a service that can help make your meetings productive so you can waste as little time as possible.

The app allows you to plan and share an agenda to make sure everyone is on the same page. Other features include the ability to track accountability by showing you which points and/or tasks have been covered.

1Password: For easy password management

Starting a new business likely means starting and managing lots of online accounts. The 1Password app from AgileBits helps you save time by remembering passwords and other information for you.

The app helps you generate strong and unique passwords for your many accounts, and secures them behind one safe password known only by you. The app doesn’t only work for passwords — it can also help remember other information such as credit card numbers, safe combinations or street addresses.

Kanbanize: For product development

If your startup involves a specific product or set of products, Kanbanize helps you develop them with your team without bogging down the process. The software allows you to post and share boards that include product information and progress, and you can choose which people see which information.

For example, if you want to update investors on the status of your product development, you can share certain boards with stakeholders and no one else.

Evernote: For organization

There are many applications available that aim to help team productivity, but Evernote is one of the best.

The software allows you to collaborate with your team all within one workplace, keeping projects and other work together. You can also give feedback on ideas and share notes while syncing the data across computers and phones.

There are many other features as well, including in-app chat functionality and integration with Google Drive.

TaskHusky: For web development

Almost any new business will want some sort of business, but a staff of web designers and developers isn’t always an option for startups. That’s where TaskHusky comes in.

TaskHusky is an on-demand service for small businesses that need help with one-off tasks with the Shopify, Bigcommerce or WordPress platforms. The company has a simple three-step process: You create a task and pre-pay, a TaskHusky team member is assigned the task and gets to work and the task is completed and is sent back for your approval.

The takeaway:

Smart entrepreneurs understand they can’t get everything done on their own when it comes to starting a new business. These six tools may not be everything you need to launch and maintain a startup, but they will go a long way to helping you keep productivity at a high level.

#productivity

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