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5 of the Best Cities in the World to Run Your Startup

5 of the Best Cities in the World to Run Your Startup

In the startup world, there is no place like Silicon Valley. But while Google engineers are living in the parking lot at work, the rest of the world is stepping up its startup game.

Check out five of the best cities in the world to run your startup:

1. Warsaw, Poland

Poland is right in the middle of the European Union, and it brings the love that Europe has for small business along with the cost and standard of living that entrepreneurs love to the table.

Warsaw is home to funding opportunities, but what makes it unique is the opportunities for those intending to bootstrap their business. In fact, 60 percent of the digital startups in Poland reported bootstrapping their startup. But most of all, low costs in Poland kept them profitable from day one.

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2. Boulder, Colorado

Boulder is a playground for the eco-friendly and the lovers of endurance sports. It also represents one of the brightest beacons of the American entrepreneurial spirit. Back in 2010, Boulder boasted over six times the typical tech startups per capita than the national average.

The result of this entrepreneurial spirit is an economy that depends on itself and not on a single employer. As a result, it is home to venture capitalists and incubators like the famous Techstars.

The best reason to run a startup in Boulder is that, while it is only now becoming well-known for its startup scene, the city has been running in this capacity for years. Since 1960, Boulder has provided a quiet, leafy home to startups that would go on to be huge companies. Ball Aerospace, which was one of the first contractors sought by NASA, and StorageTek, which was purchased by Sun Microsystems for a cool $4.1 billion, were all nurtured here.

3. London, UK

London is the premier place to start up and run a business. As the technology and financial capital of Europe, it offers a vast amount of resources for fledgling businesses in all industries. The cosmopolitan lifestyle and breadth of culture make it an inspiring city to both live and work in.

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London startups may have access to some of the greatest resources in the world including finance and talent. However, they certainly pay for the luxury. London was recently ranked as the most expensive city in the world to run a tech startup.

Fortunately, because it has plenty of resources, startups are not forced to head down the conventional, expensive route. Collaborative offices abound in London, and the UK government has been actively working to lower barriers for startups, which includes funding and relief for entrepreneurs.

As an old saying goes: you get what you pay for. Those who can afford London get access to the global finance system, over a dozen incubators, and the opportunity to set up shop near one of London’s 12 billion dollar unicorns.

4. Tel Aviv, Israel

Tel Aviv is commonly recognized has having a big influence on the global startup scene, but few go far enough to mention what the Mediterranean city really brings to the table.

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Israel is a small country both in land and population, but not regarding startups. According to recent reports, for every one thousand people living in Tel Aviv, at least one person owns a startup.

The city credits this success to a national ethos that rids its residents of the fear of success and encourages them to move on from failures quickly. Plus, with a city full of people all in the same boat, an entrepreneur can run into exactly the inspiration they need by just living their daily life.

5. Singapore

Until recently, Singapore lingered on the periphery of startup scenes. Despite being recognized as a global business hub, it was not experiencing the exponential growth of other cities both in Asia and across the world. But in 2012, the state began working hard to change that. Since then, Singapore has joined the global list of the top 10 startup ecosystems in the world.

Entrepreneurs looking to head to Asia find Singapore an easy place to set up a business. They also find plenty of access to financial and technical resources required for success.

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The downside of Singapore is often cited as its high cost of living, which does not approach London costs but is about equal to the costs of living in a multicultural and cosmopolitan European city. There is also a current lack of tech talent in Singapore compared to other cities. However, considering the rapid growth and investment currently being made here combined with its position in the crossroads of Asia, this could change soon.

There is no place like California. But fortunately for entrepreneurs, there are plenty of places in the world that offer unique ecosystems primed to prepare them for success.

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Last Updated on November 19, 2018

How to Find a Suitable Professional Mentor

How to Find a Suitable Professional Mentor

I went through a personal experience that acted as a catalyst for an epiphany. When I got fired from a job, I learned something important about myself and where I was headed with my freelance career. I realized that the most important aspect of that one rather small job was the influence of the company owner. I realized that I wasn’t hurt that the company and I weren’t a perfect match; I was devastated by the stark fact that I needed a mentor and I had almost found one but lost her.

Suddenly, I felt like J.D., the main character in “Scrubs,” chasing Dr. Cox and trying to rip insight and wisdom from someone I respect. The realization that a recognized thought-leader and experienced entrepreneur severed ties with me felt crushing. But, I picked myself back up and thought about five ways to acquire a mentor without having the awkwardness of outright asking.

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1. Remember, a professional mentorship must be mutual.

A professional mentor must agree to engage in a mutual relationship because, as the comedy T.V. series showed us, one simply cannot force someone to tutor us. We have to prove that we are worth the time investment through persistence and dedication to the craft.

2. You have to have common interests with your mentor.

Even if a professional mentor appears at your job or school, realize that unless you and this person have common interests, you won’t find the relationship successful. I’ve been in situations where someone I respected had vastly different ideas about what was important in life or what one should spend his or her free time doing. If these things don’t line up, you may find the relationship won’t be as fruitful, even when the mentor knows a great deal about one industry.

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3. Thought-leaders will respect your passion.

One of the ways you can prove yourself worthy to a professional mentor is through your passion and your dedication. No one wants to spend time grooming and teaching another who will not take advice or put the effort in to improve. When following thought-leaders on Twitter and trying to engage with higher-ups in a work setting, realize that your actions most often speak louder than your words.

4. Before worrying if he respects you, ask if you respect him.

On the other side of the coin, you should seriously reflect on those common interests and make sure you respect your professional mentor. Just because someone holds a title, degree or office does not mean that person is trustworthy or honest. Don’t be swayed by appearances and take the time to find a suitable professional mentor.

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5. Failure is often the best way to learn

I honestly have made more mistakes than I can count. I know I’ve learned a great deal from poorly organized businesses and my own poor choices. The most important quality I’ve developed is an ability to swallow my pride and learn from my mistakes. If life knocks me down nine times, I get back up 10 times. One of the songs Megadeth wrote, “Of Mice and Men,” resonates in my mind when I pull myself up by my bootstraps and try again for a goal I’ve set: “So live your life and live it well. There’s not much left of me to tell. I just got back up each time I fell.” Hopefully, this brief post can act as a professional mentor to you in your quest to find not only a brave leader but also a trusted adviser.

Featured photo credit: morguefile via mrg.bz

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