California is on the Western coast of USA. It is thethird biggest state in terms of area with a huge geographical diversity and has a thriving economy. The numbers released by the Federal and State statistical surveys show that it ranks high in GDP growth and increase in job opportunities.
There are opportunities galore for small and big businesses to flourish here and it does have a certain amount of business- friendly environment.This is a state which flourishes in tourism and though the taxes and cost-of- living are high there are several factors which contribute to the business scene here like easy access to technology and capital and the latest innovations.
Economic trends and state policies do affect the ease of establishing and continuation of business ventures here. However, the growth has always been favorable and there is a lot of business competitiveness here.
Though this is one of the most expensive states in the USA, the sunny business environment allows a number ofsmall and big businesses to flourish and meet the needs of its burgeoning population. Let us look at some popular small business establishments here.
- Real Estate Agencies and Rentals
- Beauty Services like salons and spas
- E-commerce establishments
- Electronics- based small commercial ventures
- Gas Stations and Refuelling services
- Supplementary educational agencies and business ventures for arts, and sports
- Retail shops and Eateries
These are just a few of the popular choices. The advantages of doing small business in this ‘Golden State’ is that if the venture is successful, the revenue per employee is high and the employers do not have to manage a large number of employees. A small venture is likely to have a lesser risk percentage as compared to a bigger firm.
There are a number small business loans and financing that you can avail of in the state to establish and expand your venture here.