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Tuesday, April 17, 2018
Which Hawaii Town is Best Place to Start a Business?
By Selected News Articles @ 6:38 PM :: 4772 Views :: Hawaii Statistics, Small Business

2018’s Best & Worst Small Cities to Start a Business

Wallet Hub April 16, 2018

Size matters when choosing a city in which to launch a startup. As many veteran entrepreneurs — and failed startups — understand well, bigger is not always better. A city with a smaller population can offer a greater chance of success, depending on an entrepreneur’s type of business and personal preferences.

Every small city offers unique advantages and disadvantages to new business owners. Some benefits include lower overhead costs, stronger relationships with customers and the potential to become a big fish in a little pond. But there are plenty of drawbacks, too. For one, entrepreneurs who want to build a large professional network aren’t likely to make as many connections in a town with fewer residents. Other restrictions might include limited industry options, a less diverse customer base, and difficulty attracting and keeping top talent.

To determine the best small cities to start a business, WalletHub compared the business-friendliness of more than 1,200 small-sized cities. Their data set of 18 key metrics ranges from average growth in number of small businesses to investor access to labor costs….

read … Full Report

Five Hawaii Towns Ranked out of 1261 US towns

Overall Rank (1=Best) City Total Score 'Business Environment' Rank 'Access to Resources' Rank 'Business Costs' Rank
589 Hilo, HI 43.19 948 548 630
663 Kahului, HI 42.41 716 152 952
1164 Waipahu, HI 36.95 1244 721 818
1217 Pearl City, HI 35.64 1142 1182 917
1236 Kaneohe, HI 34.52 1238 1062 926

 

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