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Hungary is the 20th best country in the world to start a business! – Survey
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Nobody ever said starting a business was easy. Balancing the books, staying ahead of the competition, and keeping up with consumers are just three of many things any budding entrepreneur must master to survive those crucial early years.
But did you know just how much your location alone can affect your chances of start-up success?
Weighing up such factors as population, average cost of living, and business survival rates, we highlighted the 15 best cities to start a business in the UK in 2019 earlier this year, with Sheffield beating close competition from the likes of Nottingham and Sunderland to take the coveted top spot.
This time, we’ve gone global, using a series of metrics to find the best countries to start a business. Some of them, you never would have guessed.
Top 27 countries in the world to start a business
The United States is officially the world’s best place to start a business.
Surprise entry Belgium lands in second place thanks in part to its excellent 64.41% business survival rate and relatively low cost of living, but it was still no match for the USA. America’s mix of healthy employment rates, excellent average annual salary, and high business survival rate helped keep it head and shoulders above the competition.