Why Entreprenuers Choose Certain Location

Why Entreprenuers Choose Certain Locations

Entrepreneurs at fast-growing firms usually decide where to live based on personal connections and quality of life factors many years before they start their firms.

Of the many reasons an entreprenuer might pick a certain city to launch their grand idea, it turns out that it’s the lifestyle factors that play the largest role.

A study by Endeavor Insight called “What Do the Best Entrepreneurs Want In A City?”, based on surveys and interviews with 150 founders of some of the fastest growing companies in the U.S.,  found some interesting results:

•Entrepreneurs at fast-growing firms usually decide where to live based on personal connections and quality of life factors many years before they start their firms.

•These founders value a pool of talented employees more than any other business-related resource that cities can offer.

•Access to customers and suppliers is the second most valuable business-related resource that cities can provide, according to these entrepreneurs.

•The founders in our study rarely cite low tax rates or business-friendly regulations as reasons for starting a business in a specific city.

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