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What's Happening In Aberdeen

Posted on: April 17, 2018

Aberdeen Named 2018's 3rd Best Small City to Start a Business

Bronz

A city with a smaller population can offer a greater chance of success, depending on an entrepreneur’s type of business and personal preferences.Every small city offers unique advantages and disadvantages to new business owners. Some benefits include lower overhead costs, stronger relationships with customers and the potential to become a big fish in a little pond. But there are plenty of drawbacks, too. For one, entrepreneurs who want to build a large professional network aren’t likely to make as many connections in a town with fewer residents. Other restrictions might include limited industry options, a less diverse customer base, and difficulty attracting and keeping top talent.

To determine the best small cities to start a business, WalletHub compared the business-friendliness of more than 1,200 small-sized cities. Our data set of 18 key metrics ranges from average growth in number of small businesses to investor access to labor costs. 

Starting a Business in Aberdeen (1=Best; 631=Avg.)

  • 404th– Labor Costs
  • 321st – Avg.Length of Work Week
  • 378th– Avg. Revenue per Business
  • 534th– Industry Variety
  • 174th– Cost of Living
  • 1st - Average Commute Time
  • 117th - Office Space Affordability


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