Three Very Good Reasons You Should Think About Starting A Business In Colorado
If you’re looking at starting your own business, Colorado is one of the best choices. There’s a reason it’s home to over 50,000 small businesses – and that those businesses make up more than 90% of organizations in the state. Don’t just take my word for it, though.
There’s A Ton Of Investment Capital
Currently, Colorado ranks as the fourth highest state nationwide for the amount invested in local companies. In other words, if your startup idea holds water, raising money in Colorado – especially if you’re headquartered in Boulder or Denver – is a cinch. To make matters even better, the state’s cost of living is much lower than the national average, meaning higher revenue and more money to invest back into your business.
The Tech Scene is On The Verge of A Boom
Currently, Denver’s tech scene is on the rise – and it’s not the only region in Colorado that’s been experiencing growth.
“For whatever reason, we’ve reached a position in the Colorado market where we are seen as a company that is going to succeed but we’re still early enough that you’ll get that startup experience,” explained entrepreneur Todd Vernon in an interview with The Denver Post. “It’s because we are at a sweet spot. That’s my best guess. For some reason, we have a pretty healthy pipeline (of applicants). And we’re hiring. That helps.”
The Startup Community Is Incredible
Between Boulder and Denver, Colorado is home to some huge names in the startup community. Kimbal Musk, founder of Zip2 and PayPal. Andrew Hyde, who’s successfully launched four companies. Joe Stump, founder of SimpleGeo. Those are just a few of the second and third-generation entrepreneurs, who’ve all worked to contribute to a thriving community – one which can offer a great deal of help and advice to anyone who’s new to running their own business.
Check out other top Colorado business ideas.
Closing Thoughts
Whether you’re a new business owner or a veteran entrepreneur, Colorado is one of the best places in the US to find your next big idea. And if you need any help in that pursuit, MyCompanyworks has you covered. In addition to creating a one-stop resource for starting a business in this incredible, scenic region, we’ve helped countless people take their ideas from concept through to exit.
Give us a call today, and give your ideas the boost they need.