Speaker 1: Something you should go. Something you should know is brought
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Speaker 1: number two. Yes, South Dakota the second least expensive state
Speaker 1: to start a business. That is kind of cool. Number
Speaker 1: two is not bad. Number one's better, but number two
Speaker 1: not bad. The number of new businesses in America has
Speaker 1: increased by fifty nine point seven percent over the last
Speaker 1: five years, from twenty twenty through twenty twenty four now
Speaker 1: into twenty twenty five, compared to the five years prior
Speaker 1: to that. While this unprecedented growth is expected to boost
Speaker 1: the economy, only thirty four point nine percent of these
Speaker 1: companies that started in twenty fourteen are still in business today.
Speaker 1: So my wife and I started Sunny Radio in twenty ten,
Speaker 1: and we just talked about this the other day because
Speaker 1: we're talking talking about a friend that's a business owner
Speaker 1: that's struggling, and we're like, you know what, it's not
Speaker 1: as easy as some people think, it is tough to
Speaker 1: own a business. Rising business expenses driven by historic inflation,
Speaker 1: pose a major threat to survival rates. Companies that strategically
Speaker 1: choose locations to help reduce costs such as wages and rent, utilities, taxes,
Speaker 1: and supplies will have a stronger chance of success. So
Speaker 1: Simplify LLC released a study of the most expensive and
Speaker 1: least expensive states to start your business in for twenty
Speaker 1: twenty five. And I'm looking here at the list. South
Speaker 1: Dakota is number two, But let's do the top ten.
Speaker 1: North Dakota is number ten, Nevada is number nine, number eight,
Speaker 1: Kansas seven, Nebraska six, Idaho number five, Montana for Wyoming
Speaker 1: number three Colorado. South Dakota the second least expensive state
Speaker 1: in which to start your business and the number one
Speaker 1: state to start a business for least expensive Utah. Now
Speaker 1: let's do the top five most expensive places. Massachusetts number five,
Speaker 1: number four, Tennessee three does not surprise me. Hawaii. It's
Speaker 1: expensive to have a business there because you know, you
Speaker 1: got to. Everything's got to come out on a ship.
Speaker 1: Number two. New York and the most expensive state, California,
Speaker 1: most expensive state in which to start your business. So
Speaker 1: that is absolutely fascinating and if you'd like to learn more,
Speaker 1: simplify LLC is who put out that list. Something you
Speaker 1: should Know. Something you Should Know is brought to you
Speaker 1: by Genesis gooldira dot com. Put your retirement plan on
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