ENTREPRENEURSHIP IN HOUSTON
The Kauffman Foundation lists Houston as one of the top Metropolitan areas for startup activity this year. Alongside other cities like Austin (which took the top spot nationally), Dallas and San Antonio, Houston recorded one of the highest numbers of businesses opened during the year, making it a major hotbed for entrepreneurship.
The Kauffman Index of Startup Activities indicates that there were 96 startups for every 1000 firms in Houston, the 8th most popular nationally for startups. Most startups were started in the tech sector, energy, gas and oil, healthcare, manufacturing, and retail. There are several reasons why entrepreneurs are heading to Houston and other cities in Texas:
1. Home to over 20 Fortune 500 companies
As a startup, one of the most important things you can do is create strategic partnerships with established companies. Whether you’re looking to become a B2B supplier or are simply looking for mentorship from top professionals in your line of business, you cannot go wrong with choosing to locate your business in Houston.
2. Funding potential
Investors in Houston have committed millions of dollars to fund startups with high-growth potential. In addition, several think tanks and startup incubators are available to help you launch your business and ensure that you begin making profits as soon as possible.
3. Work space
Rents are less expensive in Houston than San Francisco, Los Angeles or New York. Entrepreneurs should always be careful with their overhead spending so they can begin making profits as quickly as possible. In addition, with the benefits of coworking in Houston entrepreneurs do not have to break the bank in order to access a private office, fast WiFi, conference rooms, and premium coffee.
Being an entrepreneur takes more than a great idea, grit, and determination. You need to have the right idea, team, and background in order to successfully run your newly launched business. Fortunately, entrepreneurship programs abound in Houston and are delivered through educational institutions, workshops, and other avenues.
Young, talented and educated people are in Houston and heading there to take advantage of the many opportunities offered by startups and other established businesses in the area. This means that it will not be difficult finding a talented workforce to run your new organization.
Houston will continue to be a hotbed of entrepreneurial activity thanks to the reasons mentioned above as well as many others. If you’re looking for a great headquarters for your startup, Houston, Texas should prove to be the ideal location.
The Work Lodge