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The 8 Best U.S Cities to Start a Business In

The 8 Best U.S Cities to Start a Business In

While a well-developed new business can survive in challenging circumstances, there are certain U.S cities that provide the most fertile soil to bring your business from a seedling to a thriving operation. But what makes these locations the best? A variety of factors interact to create the ideal circumstances for a new business venture – things like less competition and a lower cost of living. Nerdwallet researchers also considered unemployment rates, income levels, and population density to determine where you’d have the best chance to start a business and succeed in the long-term. Just as a web-hosting directory allows you to compare virtual domains for your company page, this Nerdwallet study lets you compare the best physical locations for your business.

1. Boulder, Colorado

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    Everyone’s favorite ski town, Boulder ranks number one on the list of best places to start a business. With a population of 301,072, Boulder showed a high number of businesses per 100 people: 14.1. While it may see counter-intuitive, having other businesses nearby is actually a strength. Most of the businesses surrounding you will not be competitors, and it offers the perfect opportunity for foot traffic and drive-by exposure. Boulder hosts a strong technology scene and is home to several coworking spaces, incubators, and networking events.

    2. Wilmington, North Carolina

    A seemingly random choice for the second best place to start a business, Wilmington is both close to the beach and growing as a tourist attraction. Downtown Wilmington hosts the highest number of businesses per 100 people: 15, making it an especially bustling spot for businesses owners to set up shop.

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    3. Greater Bridgeport, Connecticut

    The most noticeable scene you’ll find in Bridgeport is its active art scene. Bridgeport also ranks the highest annual median income of all cities on the list at $63,369, and has a highly educated population. Family-owned businesses like Amodex have garnered significant financial success in this city of opportunity.

    4. Evansville, Indiana-Kentucky

    Evansville is a lesser-known city on the list, but features several active cultural districts. The Growth Alliance for Greater Evansville also offers some unique assistance to new entrepreneurs, like help in selecting a location, tax phase-in assistance, and programs to assist you in expanding your business.

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    5. Greater Portland, Maine

    Often mistaken for the hipster mecca of Portland, Oregon, Portland, Maine is actually the safer place to start a business in the U.S. This city hosts an impressive foodie culture with countless culinary businesses already thriving. There are opportunities for meeting places, health insurance, and even cell phone plans thanks to the Portland Regional Chamber of Commerce. To top things off for bootstrappers, Maine is also one of the cheapest states for car insurance, with a premium that is $539 less than the U.S. annual average.

    6. Cedar Rapids, Iowa

    Cedar Rapids is a top city in the world for corn and grain processing, and home to cultural centers like Orchestra Iowa and the Paramount Theatre. While it may not be known for attracting entrepreneurs, it does have a pleasantly lower cost of living. Furthermore, it’s unemployment rate is the lowest on the list at just 3.8%.

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    7. Greater Beaumont, Texas

    You may not know anything about Greater Beaumont, but its cost of living is something to pay attention to. Greater Beaumont’s average household paid a total of just $8,316 per year on housing costs, lower than any other city on the list. The town is also home to a delightful Cajun culture, as well as a view of the Gulf of Mexico.

    8. Green Bay, Wisconsin

    We know Green Bay for its fanatical football fans, but there’s way more to the city than this. Along with museums, restaurants, and shops, Green Bay also features the CityDeck, a boardwalk that runs along the Fox River. The Greater Green Bay Chamber offers hefty microloans to new business owners.

    This isn’t to say that you’d fail to start a business in a city that is not on this list. However, if you live in or near one of these cities and are thinking about trying your hand as an entrepreneur, this report gives you the official “OK.” The report shows that above all, the Midwest seems to be the ticket, offering easier circumstances than most coastal cities.

    Featured photo credit: Cory M. Grenier via imcreator.com

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    Last Updated on March 31, 2020

    How to Use Visual Learning to Work More Effectively

    How to Use Visual Learning to Work More Effectively

    Knowledge is essential to become successful in life, your career and your business. Without learning new concepts and becoming proficient in our craft, we cannot excel in our chosen careers or archive knowledge to pass down to the next generation.

    But content comes in various forms, and because how we learn influences how much we know, we need to talk about learning styles. This article will focus on how to utilize visual learning to boost your career or business.

    The Importance of Knowing Your Learning Style

    Knowing your learning style enables you to process new information to the best of your ability. Not only does it reduce your learning curve, you’re able to communicate these same concepts to others effectively.

    But it all starts when you’re able to first identify the best way you learn.

    As a college student, I soon figured out that taking online courses without visual aids or having an instructor in front of me led to poor retention of concepts.

    Sure, I got good grades and performed excellently in my online exams. However. I discovered that I couldn’t maintain this performance level because I forgot 80 percent of the course content by the end of the semester.

    There are several types of learning styles known to mankind. To give an idea of how visual learning stacks up against other learning styles, here’s a brief mention of some of the different types of learning styles we have.

    The four most popular types of learning styles are:

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    • Visual learning style (what this article talks about).
    • Aural or auditory learning style (learning by listening to information presented).
    • Verbal or linguistic learning style (learning that involves speech and writing).
    • Tactile learning style (learning by touching and doing)

    But for the purposes of this article, we will be focusing on using visual learning to boost your career or business.

    How to Know If You’re a Visual Learner?

    When it comes to boosting your career, business (or education), a visual learner is one who would most definitely choose shapes, images, symbols, or reading over auditory messages.

    I’m talking about preferring to read an actual map when navigating to a new place over listening to verbal directions. I’m talking about discovering that you actually have trouble remembering what your manager said at the meeting because there were no graphs or illustrations to support the points raised.

    Most people who struggle with learning probably aren’t leveraging their best learning styles. The earlier you identify how your learning style can boost your success, the less struggle you will encounter with processing new information throughout your career.

    However, visual learning in particular CAN 10x your career or business whether it is your preferred learning style or not. And here’s why:

    Several studies have arrived at the conclusion that the brain retains more information with the help of visual aids. In other words, images are directly processed by our long-term memory which helps us store information for longer periods of time.[1]

    While some lessons can be performed orally, several concepts can only make sense if you have an image with an explanation of sequences (i.e learning about the human DNA).

    Visual learning does use a different part of the brain and visual cues are processed by the part of the brain known as the occipital lobe.

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    By engaging more parts of the brain during learning, you’re able to have a fuller understanding of concepts and facilitate better interaction with your immediate environment.

    How to Use Visual Learning for Success

    Here’re 4 ways to use visual learning to boost your career or business:

    1. Bring back the to-do list. Then add shapes and colors to boost productivity.

    We live in an age where computers have taken over virtually every aspect of productivity and most human functions. But written lists are making a comeback, and with an endless number of important tasks to complete, having a to-do list of tasks in order of importance can improve your productivity.

    While coming up with a list is initially challenging, adding colors and shapes to written lists that you personally write and manage gives you an extra layer of assurance and boosts aids recall so that you actually get stuff done.

    I have tried this technique in my work as a registered nurse and discovered that adding shapes and colors to to-do lists helps me delegate tasks, recognize where more work is needed, and makes it easy to cross off completed tasks at the end of the day.

    2. Add graphs, charts and symbols to your reports.

    Yes, it seems like more work cut out for you. However, graphs enable you monitor the heartbeat of your business.

    Graphs and charts help you trend your finances, budget, and pretty much any data overtime. With the help of free and premium software available on the market, it has become easier to take plain data and in a matter of seconds, have relevant information displayed in different shapes and images.

    As an entrepreneur, you can make predictions and allocate funds wisely when you’re able to see whether your efforts are rewarded. You can use colors and charts to delegate actions to members of your team and track performance at the same time.

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    And when broken down into monthly, quarterly, bi-annual or annual goals, graphs and charts communicate what ordinary text cannot.

    3. Effectively brainstorm with mind-mapping.

    Mind-mapping is not new but I don’t think it’s been talked about as often as we do to-do lists.

    With mind mapping, you’re organizing information accurately and drawing relationships between concepts and pieces from a whole.

    Think of a mind map as a tree with several branches. For example, the tree can symbolize healthcare while each branch stands for nursing, medicine, laboratory science, and so on. When you look at nursing, you can further branch out into types of nursing; pediatric, women’s health, critical care, and so on.

    It’s an interesting relationship; the more ideas you’re able to come up with for your chosen subject, the deeper you get and the stronger the association.

    Mind maps really show you relationships between subjects and topics, and simplifies processes that might seem complicated at first glance. In a way, it is like a graphical representation of facts presented in a simple, visual format.

    Mind mapping isn’t only limited to career professionals; business owners can benefit from mind mapping by organizing their online learning activities and breaking down complex tasks into simple actions so that you can accurately measure productivity.

    4. Add video streaming to meetings.

    What if you could double the productivity of your team members by video streaming your meetings or adding flash animation to your presentation at the same time?

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    When you offer video as an alternative method of processing information to colleagues, there is a greater chance of retaining information because we recreate these stories into images in our minds.

    For organizations that hold virtual meetings, it can also be an effective way to enhance performance during if people can see their colleagues in addition to flash animation or whatever form of video is provided during the meeting.

    Is Visual Learning Better Than Other Learning Styles?

    No, that is not the point. The goal here is to supplement your existing dominant learning style with visual learning so that you can experience a significant boost in how you process and use everyday information.

    You might discover that understanding scientific concepts are much easier after incorporating visual learning or that you’re able to understand your organization’s value when projected on a visual screen with charts and graphs.

    The overall goal is to always be learning and to continue to leverage visual learning style in your career and business.

    More About Learning Styles

    Featured photo credit: Unsplash via unsplash.com

    Reference

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