The process of starting a business is challenging due to the need to put all the right things in place for the business to operate. The place where a person is starting a business also contributes to how easy it is to start a business. For example, it is easier to start a business in the USA than in Europe. The reasons why it is easier to create a business in the USA than in Europe are discussed subsequently.
Easier to raise funds in the USA
It is easier to raise funds for your business in the USA than in Europe. Considering that it is easier to start a business when you have the capital than when you don’t have the capital. For those who don’t have access to capital, they can easily access funds in the USA than in Europe. For example, in 2014, The USA firms raised $52 billion in venture capital while firms in Europe raised $8.8 billion in venture capital. This implies the USA raised about 6 times what was raised in Europe. The fact it is easier to access capital in the USA makes it easier to start a business in the USA.
Some of the capital for the business will go into getting an office and furnishing it for employees and customers. You can find home office computer desk furniture that will be best for your office. However, before buying the furniture, you should first read reviews about the furniture company on us-reviews.com to buy from a reliable store.
Zero Dollar minimum capital requirements
You need a minimum capital of $0 to start a business in the USA. The implication is that if you have a business idea that you can run without capital, you can start immediately without worrying about raising a minimum capital before you can register it. This does not apply in Europe. Some countries like Denmark have a minimum capital requirement of as high as $14,000 to start a business in the country. The implication is that even if you have $13,000 in Denmark and a great business idea, you must source more funds to meet the minimum capital requirement before you can start.
When you start a business, you want to make sales. The USA makes it possible for their business owners to make more sales than Europe. In the USA, consumer spending has risen to over $11 billion while in Europe, it is less than $2 billion. The implication is that consumer spending in the USA is over 5 times what is obtainable in Europe. The implication is that there are better chances of making sales when your business is operating in the USA compared to when your business is operating in Europe.
No residency requirements
There is no residency requirement to opening a business in the USA. The implication is that you can be in a part of the USA and start a business in another part of the country. However, for Europe, this is not the case as the requirements make it more difficult to start a business.