Top Reasons People Start Businesses in Each State

Transcript

Andy and Jessica welcome you to another episode of The Deal Board Podcast. This week, they discuss the top reasons people start businesses in each state; this information came from one unique Newsletter Andy received from VisualCapitalist.com, which shared a fantastic infographic representing this fascinating information for entrepreneurs.

Listing of the week: Michael Whitesel (Portland) is selling a doggy self-wash, which has been in business for twenty years. They have separate areas for grooming and washing and six stations for each. There are no waiting lines — plenty of parking. Owners are ready to retire. Email Michael at [email protected] or call (503) 522-5708.

Key Takeaways

[3:38] Reason No. 1: Flexible hours (Colorado, Washington, and Oregon).
[6:53] Reason No. 2: Wanting greater income (Nevada, Arizona, Texas, Kansas, Nebraska, Idaho, Illinois, North Dakota, Minnesota, New Jersey, New Hampshire, Florida, and Alabama).
[10:46] Reason No. 3: Balance work and family (Utah, Idaho, Montana, Oklahoma, Arkansas, North and South Carolina).
[12:45] Reason No. 4: Carry on the family business (Wisconsin, Indiana, West Virginia, Ohio, Pennsylvania, Maine, Louisiana, and Alaska).
[15:55] Reason No. 5: Innovation (Virginia, New England, California, Georgia, New Mexico, and Washington DC).
[17:59] Reason No. 6: Family or friend role model (Michigan, Kentucky, Tennessee, Mississippi, and South Dakota).
[20:27] Reason No. 7: Can’t find a job (New York and Delaware).
[25:15] Deal of the week: Jason Blair (Portland) just sold an event center to a strategic buyer who owns a little tea shop, received many inquiries about events, and wanted another facility. The sale was $140,000.
[27:04] Listing of the week: Michael Whitesel (Portland) is selling a doggy self-wash, which has been in business for twenty years. Owners are ready to retire.

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Check the infograph Why Do People Start Businesses in Every U.S. State?
Email Jason Blair at [email protected] or call (763) 269-1979.
Email Michael Whitesel at [email protected] or call (503) 522-5708.

Mentioned in This Episode

• The Deal Board Podcast
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• Transworld Business Advisors
• The Deal Board on LinkedIn
• The Deal Board on Facebook
• Transworld Business Advisors on LinkedIn
• Transworld Business Advisors on Facebook
• United Franchise Group
• Check the infograph Why Do People Start Businesses in Every U.S. State?
• VisualCapitalist.com