When starting a new entity, entrepreneurs often worry about if their business can take off in their home state. Can a new business be successful where they are located? The answer is YES. A niche in the marketplace can be found almost anywhere. It’s up to the entrepreneur to create a business that serves the marketplace effectively. No matter where you are, making the business tailored to the niche will create value for the customers and success for your business.
If you are targeting your business to serve a specific industry, there may be certain locations which are hubs for that industry. For example, Silicon Valley is the home of many ground breaking technology companies. Detroit has long been a hub for the automotive industry in the U.S. and New York City and San Francisco remain the financial capitals. That being said, many newly energized cities are up and coming homes for a variety of industries. Potential clients and customers are within reach and finding a new city to do business may make you a leader in an up and coming marketplace.
Start your business with MyCorporation, figure out how your company can add value, and then get out there and find clients who can use your services (they’re everywhere)!
Here is an article that breaks down some these energized locations: http://www.entrepreneur.com/magazine/entrepreneur/2010/august/207496.html#