Do you know where your state regarding taxes, regulations and licenses for business? The Kauffman Foundation, a think-tank, calls every year thousands of small businesses on local hiring requirements, regulations, zoning, licensing, insurance, training and more. They then analyze the data and grade each state based on the way to their favorable tax policies and rules businesses.
Learn the best states for business are (and if your state is among them) in the following article.
Read the article in The Economist source
How to grow a business in a state
What if you do not live in the one of the best states for business? Fear not, because there is a lot you can do as a business owner to help your business grow and prosper in a state less friendly business. Here are some tips to help you no matter where you live:
- Keep learning. Knowledge really is power. Whether you are attending a seminar, read a book on marketing or attend a public speaking class, you will gain a significant advantage if you make a commitment to education. To start, check these first books for business owners.
- Look for ways to improve operations. Whether to find ways to reduce costs, motivate employees or work more efficiently, there is much you can do to better manage your business. Read how a small business owner has improved accountability (and profits in the end) in the workplace.
- Get savvy social media. A strong online presence is essential for today's business owners. In addition to a website, you should also consider getting active on social media platforms like Facebook and Twitter. Moreover, the focus on how to get more online reviews of your business. Discover valuable advice on how to get more comments on Google+.
- Make sure that your business is well protected. The right coverage can help you bounce back when something unfortunate happens. Talking with Erie insurance agent to learn what you need in business insurance.
Owning a business is not easy, and that is especially true if you live in a state with a less-than-ideal business climate. Yet you have the power to shape your business destiny, no matter where you live. So focus on what you may control it could be more than you think.
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