Study: South Dakota Best for Small Firms
From: Inc.com By: Angus Loten
South Dakota, Nevada, and Wyoming are the nation’s most entrepreneur-friendly states, according to the Small Business and Entrepreneurship Council.The least friendly are California, New Jersey, and the District of Columbia, based on the Washington-based advocacy group’s annual ranking of state public policy climates for entrepreneurs, small-business owners, and investors.
For the entire article go to Inc.com
Corra knows small businesses are not for everyone. If you own one, you have to be on top of things every minute, and you have to wear a lot of different hats. If you work for one, there are advantages and disadvantages. Often a small business is less formal than the corporate environment. With less structure there is sometimes a lower salary and fewer perks in your contract. But then it can be more fun on a daily basis in the intimate and nurturing environment of the small business.
If you own or run a smaller business, generally speaking you can afford to make fewer mistakes than a large corporation. They dysfunction that we often take for granted at a large corporation can prove fatal to a smaller enterprise. Vendors and clients that don’t pay on time can pose a serious threat to your overall well being.
If you are a small business, it pays to pick a friendly state. If that’s not the case then at least pick friendly vendors who understand your needs and can help you out. Pick vendors that will not let you down in a pinch.
And be sure that your clients will pay you. Before engaging in joint ventures with any business or any strategic enterprise, avail yourselves of Corra’s business research services. Run corporate credit checks on vendors and clients alike to make sure they are reputable.
It’s exciting to be a smaller business. It is needless drama to do business with those who can’t pay you or won’t meet their end of the bargain. So check them out before you do business.
