Want To Start a Business? DFW Is Not a Bad Place to Start

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From staff reports

Thanks to the Internet, you can start a business just about anywhere, but 20 cities are better for budding entrepreneurs — and Dallas-Fort Worth appears there, WalletHub said this week.

Fort Worth ranked 11th on the list of 100, while Dallas and Irving were 15th and 17th, respectively. Three more North Texas cities made the 100-city total list: Arlington ranked 31st, Plano was 68th, and Garland 76th.

In fact, Dallas and Fort Worth tied for fifth place when it came to cities with the highest average growth in the number of small businesses. Dallas came in fourth for longest average work weeks, while Irving came in fifth. Plano had some of the highest labor costs of the 100 cities analyzed, but also came in fourth in the rankings of cities with the most educated populations.

“In order to help aspiring entrepreneurs — from restaurant owners to high-tech movers and shakers — maximize their chances for long-term prosperity, WalletHub compared the relative startup opportunities that exist in 100 U.S. cities,” the company said. “We did so using 19 key metrics, ranging from five-year business-survival rate to office-space affordability.”

Want to see more? Click here for the full survey.