Home Advertise Contact Blog Advertiser Login RSS
Newsletter Signup

Business Opportunities to Own
Home-Based Businesses
Choosing a Business Opportunity Growth and Profit Marketing and Sales
Plans and Goals Running Your Own Business Start-Up
Working From Home Entrepreneur Exchange Feature Articles
Opportunity Community Opportunity Focus In The News

Everyone will be hearing a lot from the newest addition to our staff: Digital Marketing Manager Hired Margaret Mallonée! This hire was a strategic move to enhance our staff for the new digital media platform we will be introducing in the weeks and months to come. Chicago,...

Slammed last year by what will surely be one of the most expensive and devastating natural disasters to ever hit the Northeast, millions of individuals, many of whom are work-at-home or other small business owners, are only now years later truly beginning to recover from the damage that Hurricane...

Marketing pumps leads and buyers into your business. There are multiple types of marketing methods, from paid advertising to social media. One of the most efficient is called drip marketing.

Here is a quick guide to drip marketing, an effective way to nurture leads using the power of automation. What...

Sponsors

STARSCAPES®
Imagine making up to $500 to $1,800 a day! Call or click now see how you can get your business for FREE! (602) 679-0257
Promotional Products Home Business
Run Your Own Business. Be Your Own Boss. Earn Great Profit Potential. Start At A Low Cost. Try It For Free! Learn More.
Hurricane Recovery Resources for Business Opportunity Owners
in the wake of a crisis of this magnitude can be especially maddening, DisasterAssistance.gov is good place to start...
How Many Leads Does It Take To Close A Sale?
This article is now live on our blog and I know could be very insightful for many. Read On
Residual Income Business Opportunities
Residual Income is the way that you work once and get paid multiple times—sounds great!... Read On
Productivity Hacks — Our Top 50
Productivity Hacks will help you make more from less this 2016. Here at BusinessOpportunity.com we want to... Read On
Top 7 Reasons to Consider a CMS
The internet loves obscure abbreviations. You can skip over most of them, but not CMS. What is CMS? read on...
The Ideal Length of Everything Online, Including Social Media Posts
When one of your busiest marketing channels limits you to 140 characters, you know that the internet sets its own rules.
It Takes a Hot Voicemail to Land a Warm Lead
If you're a successful entrepreneur who provides others like you the chance to follow in your footsteps... Read On
Low Cost Business Opportunities to Own
Are your right for a Low Cost Business Opportunities to Own? The desire to own your own business... Read On
Sales Hack To Increase Your ROI and Productivity
Sales Hack to make you more money! Sales Hacks are not new, but how you use them is. We receive lots of emails.. Read On
The Top 10 Reasons to Buy a Business Opportunity or Franchise
Starting your own small business is part of the American Dream, right up there with owning your own home. Read On
7 Keys to Leading Highly Effective Sales Conversations
Most people's sales conversations could be better. Not a little better, significantly better. Read On
 
Resource Center > Article
Not All States Are Created Equal
Share this Article:

It’s time to set up shop for your new business, but you’re not sure where to focus your efforts when it comes to location. If you’ve created a new brand of parka that will protect the wearer from sub-zero temperatures, then Arizona is probably not going to be your best option. However, if your new business venture would likely succeed pretty much anywhere, then you may be wondering which state is the most suitable.

According to CNBC’s recent and fourth annual “America’s Top States for Business 2010” rankings, Texas reclaims its 2008 title from Virginia as the overall winner.  The study measures all 50 states on 40 different metrics across 10 key areas of competitiveness. States receive points based on their rankings in each category. Categories are weighted based on how frequently states use them as selling points to attract business.

This year’s categories include:


  • Cost of Doing Business (450 points)

  • Workforce (350 points)

  • Quality of Life (350 points)

  • Economy (314 points)

  • Transportation & Infrastructure (300 points)

  • Technology & Innovation (250 points)

  • Education (175 points)

  • Business Friendliness (175 points)

  • Access to Capital (50 points)

  • Cost of Living (25 points)


As the 15th largest economy in the world, Texas scored the most overall points in 2010 for the second time since the study began. To secure the top spot, it took first place in both the Economy and Transportation categories and ranked among the top ten on a number of other key fronts, including Cost of Living, Technology and Innovation, and Access to Capital.

Virginia ranked second overall this year, having once again ceded its number-one position to Texas.  The two states have been jockeying back and forth in a head-to-head contest for bragging rights every year since the study began four years ago, now each claiming two overall wins apiece.  Top-ten category rankings for Virginia in 2010 included Workforce, Business Friendliness and Access to Capital. Rounding out the top five states overall are Colorado, North Carolina and Massachusetts, in that order.

While the CNBC study is certainly a useful tool for figuring out where your greatest chances for starting a successful business enterprise of your own might be, the who, what, when and how may be every bit, if not more important. For instance, if you have helpful business contacts in one location, then that may be an obvious place to start. Or if you are more familiar with one state than another, you may just have a boost above any competition that is new to the area, which can also make all the difference.

If you think CNBC’s 2010 survey would be a helpful reference tool as you search for a home base or a new location for your business, don’t assume that a cursory glance will tell you the whole story.  As is the case with most studies of this kind, it becomes more complicated and oftentimes more informative the further you drill down.  Take a few minutes to examine each category and what it entails.  You’re likely to find there are a number of factors that you may not have considered in your search just yet that could really have an impact on your overall business plan.

Related Blog Posts

Best Ways to Store Data - Do you backup data on your computer each day? If so, congratulate yourself! You’re one of the tiny minority that can sleep easy.

Best Ways To Store Data - According to a 2016 survey, fewer than 1 in 3 computer users back up files on a schedule, whether daily, weekly...

Create Engaging Presentations with making very little effort used to be pretty much, well harder than it is now.

The good people at Slidebot know that to create engaging presentations that are powerful takes up...

Business Opportunity Apps to make your life easier was the best title I could think of today my friends.  This is especially true if you work with images or you are a graphic designer.

Business Opportunity Apps and Sites have been on my mind as late.  Recently, I've been focused on image optimization...

The Business Franchise Opportunity Sales Tips 7 Part Series was an idea launched by Keith Shaffer Director of Personal at TheLocalProject.net two weeks ago after a coaching session.  The credit goes to him for this...

Getting More Out Of Life: Buying Getting More: How You Can Negotiate to Succeed in Work and Life was an easy choice. When you read that Google used it to train 30,000 employees, you gotta figure it’s got something going for it. I’m always on the lookout for helpful books and negotiation...

 
   

I had the pleasure of setting down with Edwin Shoffner, CEO with Mattress by Appointment for BusinessOpportunity.com's very first Podcast that will be released on our new Digital Platform very soon.  Here is the transcript from that call for...
Read More

Video Spotlight

Virtual Financial A Home Business in Financial Services You are going to want to see this Video!

Virtual Financial Group


Premium Sponsor