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These are the best, worst states to start a business in 2021: report [Video]

The best and worst states to start a business in 2021 might surprise you.

Only about one in every five startups survives beyond its first year in business, according to the U.S. Bureau of Labor Statistics, and the COVID-19 pandemic has likely made success even more difficult to achieve. 

BIDEN ADMINISTRATION UNVEILS NEW MEASURES TO STAVE OFF FORECLOSURES

These 10 states, however, have proven to be the best for starting a business after more than a year of COVID-19 based on 28 relevant metrics reviewed by WalletHub in three broader categories, including business environment, access to resources and business costs:

  1. Texas
  2. Georgia
  3. California
  4. Florida
  5. Idaho
  6. Utah
  7. Colorado
  8. North Dakota
  9. North Carolina
  10. Massachusetts

The worst cities to start a small business based on those same three factors, starting from the bottom, are:

  1. New Jersey
  2. Connecticut
  3. Rhode Island
  4. West Virginia
  5. Wyoming
  6. Alaska
  7. Missouri
  8. Pennsylvania
  9. Delaware
  10. Virginia

Interestingly, Virginia ranked No. 1 on CNBC's list of best states to start a business, followed by North Carolina, based …

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Entrepreneurship

Understanding Your 'Why': The Motivation Behind Starting A Business [Video]

When you start a project, do you stop to think about the reason?Your "why" should drive your motivation and keep you focused on your goals during difficult times. Knowing your "why" can help you create a clear vision for your business and make strategic decisions that align with your purpose.Learn more at: https://christianespinosa.com/books/the-smartest-person-in-the-room/#CyberSecurity #TSPITR #SelfHelpBook