In the quest for financial freedom, having multiple streams of income seems to be the order of the day. As a response to the desire for multiple income streams, many seem to turn towards owning a small business. And, in the quest to own a small business, starting an online business on Amazon appears to be everybody’s choice, which is a good idea.
If you’re also planning to own a small business, two things are of great importance to your business’s success.
The first is that you need to have someone who will put you through until you figure out what to sell, how to face competition, learning operations, and many other essential aspects of the business. Those are the things online courses like Matt Clark’s ASM training course offer Amazon business owners.
The second important factor in the success of a small business is your business location. This factor may seem insignificant in modern society since most businesses have a credible online representation.
However, your business location’s stake in its success will only become evident in the long run. If you don’t already know this, you’ll get to learn about it in the training courses you take.
Is Austin Texas a Good Location for Businesses?
Out of the 50 states under the study, a research report published by WalletHub revealed Texas to be the overall best states for starting a business. The study considered the availability of talent, access to capital, affordable office space, and other factors for ideal business creation and environment.
Little wonder why Amazon was quick to identify Austin, Texas, as one of the locations for its second headquarters. Currently, Amazon has concluded to invest $250 million to establish a new fulfillment center in Texas, and by projection, the center will launch in 2021. Construction of the fulfillment center is ongoing, and by the time it’s done, it’s projected to provide not less than 1000 new jobs.
10 Amazing Reasons Why Amazon Invested in Austin Texas
Amazon seems to be the pacesetter for many businesses, and since Amazon shone its spotlight on Texas, many businesses have followed suit. Why is Texas the darling state for many business startups?
There’s no doubt Texas has been one of the best states for business establishment because of the friendly regulations. But could there be more than that? Yes, there is. Here are the top 10 reasons Amazon Invested in Austin and why any business should be encouraged to do the same;
1. Awesome Weather
Austin, Texas, experiences summer all year long while many states of the country experience winter and an average of 25 inches snowfall annually.
Winter seasons are a threat to businesses. It directly impacts health because cold temperature and snowfall seasons are vitamin D deficient due to the lack of sunlight. Many Americans get stuck indoors during the winter, and this may cause seasonal depression.
Therefore, summer seasons are the best for business purposes because it improves mental health and agility. When body temperature is high, the memory and body are alert; the heart and lungs function as they should, which is good for business.
2. Affordable Home
Texas is big, having colossal landmass and affordable real estate. Texas’s median home price is around $305,000, and the land is at least 40% cheaper than in other states of the country.
For entrepreneurs, this affordability is good because it means less cost for startup and expansion. In addition to that, food, rent, utilities, healthcare, and other social amenities cost less in Texas than in other states.
3. Easy to Set Up Business
Texas boasts of having the second-largest economy in the country due to the establishment of some large and successful companies such as AT&T, ExxonMobil, Dell, and some other fifty companies featured on the Fortune 500 list. By Southwest
The state smiles at business with friendly regulations, and it gives fewer headaches to business owners; therefore, Texas, a haven for starting and running a business.
4. Abundance of Talent
It takes a team of individually talented people to lead a startup business into success; therefore, one of the keys to a company’s success is the combination of human resources within its system.
Texas has a lot of talented people on its table to offer entrepreneurs forming startups. The reason is simple; the state boasts of a large population consisting of people of different descent. More exciting is that the local universities produce educated resident year, giving entrepreneurs a pool of educated residents to choose from.
5. Open to Innovation
When you think of innovation, the chances are that you’ll think of Silicon Valley in California or Manhattan in New York. You might not even think of Texas at all; however, consider conferences and events like the South that celebrate the changing landscape in media and tech every year in Austin.
You might even be surprised that industries like Aerospace, Biotechnology, life science, Information and computer tech, advanced tech and manufacturing, etc. are all thriving in Texas. Due to the state’s openness to innovation, it now leads other states in job creation and plans to continue the trend through to the next decade.
6. Center of Attraction
Texas has more than 380 airports and entry points, welcoming new faces every day to check out the things of beauty scattered around the state of Texas. The Texas gulf coast is a great recreation center.
The South Padre Island, Bay Area Houston, Port Aransas, Galveston Island, Port Arthur, and Beaumont are all popular leisure destinations in Texas offering swimming, boating, water sport, fishing, and other exceptional recreational activities. As an entrepreneur, Texas, as a center of attraction, means you have a broad base of prospective customers, which is a good thing.
7. Best Live Music
Sometimes, as an entrepreneur, you need to relax after several hours of work. Getting to sing and enjoy a live session of music play can be what you need at such moments.
Austin, Texas, got the slogan “The Live Music Capital of the World” after knowing that the state has more live music venues than any other state in the nation. Knowing you have a place to relax after hectic work can be encouraging for the modern-day entrepreneur.
8. Tax Law
The state has significant tax benefits that make large and small businesses thrive. The lack of income tax and its booming economy makes Texas an attractive location for business.
9. Excellent Transport Infrastructure
Texas has excellent transport infrastructure, which is an encouragement to business. The ease of transportation is a significant factor in the success of any business outfit.
10. Low Unemployment Rate
Texas has a very low unemployment rate since the majority of its population are skilled workers.