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Is Location Key to Starting a New Business?

Via Business Zone : Trying to start a new business is never easy, but have you ever wondered if your location is holding you back? New research has revealed that while location isn’t precisely everything, some cities do make it easier for entrepreneurs than others.

Not so long ago, if you wanted to make it in British business, London was the place to be; as well as the prestige which came from working in the capital, the city had an infrastructure which was second to none. Business ran through London’s concrete veins, and anyone who was anyone – or who wanted to be someone – was there, but now it seems that things are changing. Although London is still viewed as one of the world’s leading places to do business – and rightly so – if you want an easier ride when it comes to starting out, you might be better off looking elsewhere.

At PeoplePerHour, we’ve always been interested in what it is that makes the difference between new businesses which thrive and those which fail to survive. We’ve created a definitive Index of the world’s best startup cities, using a variety of data to rank each city according to the factors most likely to impact upon startups, such as cost, quality of life and ease of starting a new business some of the results were pretty surprising – with our very own Manchester ranking an impressive third on the global chart.

Canada’s Vancouver topped the chart, excelling in all areas, but doing particularly well when it came to quality of life, good access to office space and the relative ease of getting a company off the ground. Berlin, with its strong reputation for entrepreneurialism, came an unsurprising second place, leaving Manchester to come third.

Rounding up the top five cities for startups are the Portuguese capital of Lisbon in fourth position and Sweden’s Stockholm coming in fifth, both performed well for office availability and rents and ease of starting a business.

London comes in an underwhelming 14th. Last in the list of 25 came Rome, narrowly lagging behind Paris and Tokyo.

What happened to New York, the city that never sleeps? It came in at number 22. And Sydney, the jewel in Australia’s business and cultural crowns? 15th; it may be a show-stopper of a city, but it’s also expensive and not particularly geared up to help startups get off the ground.

Startups are increasingly becoming the lifeblood of the business world; without you there is no innovation; without you there is no future. The cities which want to become – or remain – global players, need YOU in order to stay relevant, it’s a two-way street. So while you might be wondering if your location is holding you back, the impetus should be ever more on our cities to find ways to ensure that they’re the best place to help drive you forward.

The Full PeoplePerHour Startup Index:

City’s Ranking 

  1. Vancouver
  2. Berlin
  3. Manchester
  4. Lisbon
  5. Stockholm
  6. San Diego
  7. Bangkok
  8. Melbourne
  9. LA
  10. Bangalore
  11. Kuala Lumpur
  12. Singapore
  13. Istanbul
  14. London
  15. Sydney
  16. Tel Aviv
  17. Amsterdam
  18. Miami
  19. Athens
  20. Moscow
  21. San Francisco
  22. NYC
  23. Tokyo
  24. Paris
  25. Rome

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