When you launch a replacement business, there are plenty of things to contemplate, like a way to structure it, United Nations agency to rent and the way to promote it. Another vital call which will facilitate or hinder Associate in Nursing entrepreneur’s possibilities of success is wherever to begin it. a replacement study from Fundera found that, for ladies entrepreneurs, North Dakota and Coyote State offer the most effective climate for running a business. the 2 states high this year’s rankings partially as a result of they each have among the best five-year growth in average revenue of women-owned businesses within the country. wherever to begin a business may be a call a lot of and a lot of ladies ar creating. analysis shows that, as of 2016, there have been eleven.3 million female-owned businesses within the U.S. In all, ladies are currently the bulk house owners of thirty eight % of the country’s businesses, up from twenty nine % in 2007.
Women entrepreneurship – eighty % of total score
1. % of women-owned corporations in business for a minimum of eleven years
2. % of total businesses owned by ladies
3. % of women-owned businesses with paid staff
4. Five-year growth in range of women-owned businesses
5. Average revenue of women-owned businesses
6. Five-year growth in average revenue of women-owned businesses
7. % of ladies with degree or higher
8. range of Small Business Administration women’s business centers
State economic health – twenty % of total score
9. Overall pct
10. range of companies per one hundred individuals
All the information for the study came completely from the Bureau of Labor Statistics, the tiny Business Administration and therefore the U.S. bureau.
Based on Fundera’s rankings, these are this year’s 5 best cities for women entrepreneurs.
Vadodara & Surat
Vadodara and Surat, cities of Gujarat which boast flourishing diamond, textile and heavy industries businesses, are not just places that provide you with jobs. They are also rated the safest destination to live by Numbeo.com, a data accumulation platform. Moreover, the flurry of funding in some of the existing start-ups has brought Vadodara and Surat on the map of start-up incubators in India. In fact, some of the big business groups in the city are acquiring and funding new enterprises to expand their business and ride on start-up bandwagon.
Chennai
Information technology and business process outsourcing services are not the only ones driving growth in Chennai. The city also has to offer thriving automobiles, hardware manufacturing and healthcare business platforms. An entrepreneur can use the existing infrastructure in these areas to his best advantage. On the other hand, Chennai is rated the third most perfect city to live in India for women entrepreneurs.
Bengaluru
Also known as the Silicon Valley of India, Bengaluru has large expat population working in the IT/ITes sector. The city’s cosmopolitan culture helps women settle down more easily when compared to other cities. On the other hand, the start-up ecosystem of the city is quite vibrant and full of opportunities. What more? Bengaluru also offers comparatively cheaper commercial and residential spaces.
Pune
There are multiple sectors which drive Pune’s economy, including IT/ITes, manufacturing, automobiles, banking and finance, etc. Since the city is also deemed as the Oxford of the East, there are many engineering and professional colleges, which work as an active talent pool for start-ups who prefer to hire college graduates with fresh energy.
Mumbai
When compared to other metro cities of India, crime rate against women in Mumbai is much below the national average. With its cosmopolitan culture and economic importance, Mumbai has always been one of the most favourite cities for women start-up owners. With a reputation for being the city which never sleeps, Mumbai has active nightlife which makes it comfortable for women to commute even during odd hours. However, the expensive office space rentals make it little less preferred for the newbies, struggling for seed funding.
