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The worst of the lot? In order: 42) Minnesota, 43) Massachusetts, 44) Hawaii, 45) Rhode Island, 46) Maine, 47) Vermont, 48) California, 49) New York, 50) New Jersey, and 51) the District of Columbia. Few surprises here — these are all states that love to spend, tax, and regulate.
The Top Ten states are: 1) South Dakota, 2) Nevada, 3) Texas, 4) Wyoming, 5) Washington, 6) Florida, 7) Alabama, 8) South Carolina, 9) Ohio, and 10) Colorado.
It's good to see low-tax Colorado coming in at #10 on the list. My guess that it's on the list precisely because it's low-tax. Which is also why I'm surprised to see Ohio ahead of Colorado. If there is small-business development in that Ohio, someone ought to let the state's massive unemployed population know about it...
It's good to see low-tax Colorado coming in at #10 on the list. My guess that it's on the list precisely because it's low-tax. Which is also why I'm surprised to see Ohio ahead of Colorado. If there is small-business development in that Ohio, someone ought to let the state's massive unemployed population know about it...
Washington State is a small business haven. In addition to having no personal income tax (one such initiative which would only tax those making over $250k individual, $500k family got struck down overwhelmingly), there's a lot of high income earners, which drive small business growth and people here just like smaller businesses, they're quirkier, just like the people.
On the bad side, though, is also listed on the website. High minimum wage and highly regulated state health care laws mean that everything costs more. In all I think it is a pretty good state to do business in.
PhilipT..I think too many people are content working for someone else and just getting that paycheck.
Working for yourself requires business knowledge, marketing knowledge and way more than 40 hours per week and putting the business ahead of yourself for the first few years.
Not everyone can or should own their own business.
I never had the hankering to own my own business and was quite content to work in the corporate world and get that paycheck for several decades.
But now, with some money saved and a decision to take early retirement I'm planning to strike it out on my own and actually excited about the prospect.
I think in general, it's tough for small business. Too many restrictive rules and regulations, taxes, getting sued, always expecting to fill out paperwork from our state and federal government when we open our mailbox, new fees being created, worrying about accounts receivables, et cetera.
Just examples, kids just trying to have some fun and make a few bucks.
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