Thinking about starting your own business but don’t know which state to select to get started? Well, you might want to consider one of the smaller states in the whole country, that being New Hampshire.
New Hampshire may not have been the first place that came to mind when you first started formulating this idea for a new business, but there are many great reasons to select it. For one, the state is very pro-business. In fact, New Hampshire is known for its libertarian “live and let live” tendencies. This means that as long as you are not bothering someone else, they are not going to bother you. Regulation is practically a swear word in the state.
The size of the state might seem like a burden at first, but that is not really the case. The small size means that there is a feeling that everyone knows everyone. Although you might be a stranger when you first set up shop, you can quickly learn the names and personalities of your neighbors. Since it is so tight-knit, a lot of people may refer one another to your business. That is a big step forward in terms of community friendly marketing.
If you are just getting your start in business in New Hampshire, you will want to first visit the NH Business Resource Center. Not only is there information there about the business climate in New Hampshire, but you can also find details about how to get your business up and off the ground in the state as well.
New Hampshire boasts lower tax rates on businesses than do many of the neighboring states. The state is very happy to share that information with you and compare the rates within their borders to the rates available in nearby states. For example, the New Hampshire rate as it stands today is 7.6 percent compared to 10.2 percent in Rhode Island and 11.1 percent in Connecticut. Those are major differences that you can count on in your bottom line when doing business in New Hampshire.
Another helpful resource to use is the New Hampshire Small Business Development Center. This is another cost-free service provided by the state for those who would like to get their business started in New Hampshire. One can use this resource to speak with professional business coaches about the various aspects of starting up their small business in New Hampshire. These are professionals you are getting to consult with at no cost to you! You can see already how business friendly the state is and how eager they are attract new capital.
When you consider all of these offerings and what other states are doing (or failing to do) to attract your business, there is plenty of reason to believe that New Hampshire is the place to go. Since the state is so small and surrounded by neighbors, you can attract customers from across state lines without having to pay the higher taxes. Given all of this, why not consider looking over the resources and seeing if New Hampshire deserves to be the home of your new business venture?
Bibliography:
http://stayworkplay.org/work/starting-business-nh/
http://www.nhmarketingcompany.com/
