Starting A Business In New York State? Make Sure You Address This Major Challenge First
It’s one of the world’s leading hubs of finance and investment. It’s a destination for countless business people and entrepreneurs. It’s home to more Fortune 500 companies than any other state and has some of the best telecom infrastructures in the country.
I’m talking, of course, about New York – home of Manhattan, a thriving center of business activity. If you’re looking to get your feet wet as an entrepreneur and places like Silicon Valley don’t quite appeal to you, New York’s the place to be. Better yet, it’s also known for having one of the tightest-knit startup communities in the US, with an immense amount of investment capital and a ton of cooperation between fellow founders.
“Far from trying to copy Silicon Valley, New York is now getting ahead in the startup game by playing to its strengths and attracting entrepreneurs that want to upgrade businesses the city does best, like restaurants, theater, media, photography, and, of course, finance,” writes U.S. News’s Tom Risen. “[The city] has a unique appeal to companies as an international city that is home to many nonprofits like Amnesty International and the Network for Teaching Entrepreneurship.”
Check out the best New York business ideas.
Sounds pretty appealing, doesn’t it?
There’s just one issue you’ll need to be cognizant of first. The business scene in New York moves fast – really fast. If you’re unprepared for that, it’s all too easy to get swept up and overwhelmed.
“In San Francisco, the startup environment is one of longer duration of work,” explains entrepreneur and venture capitalist Kevin Rose. “We tend to work into the night and be a little more hardcore like that, whereas New York seems to be more about the hustle and a faster pace.”
In an environment where things move so quickly, it doesn’t really do to get bogged down in the legal or clerical side of founding and running your business. That’s exactly where My New Company comes in. We’re experts at helping people take their ideas from concept through to concrete, and we’ve even written a one-stop resource that tells you everything you’ll need to know about starting a business in New York State – whether in Manhattan or elsewhere.
And if you need a bit of extra help on top of that, give us a call. We’d love to hear from you – and we’re always looking to help more entrepreneurs do great things.