The business world is a competitive environment for those starting out right now.
For many, it’s sink or swim, and there are a wide range of factors that will determine which your enterprise will do.
Whilst some of these are out of your control, the strongest concepts are the ones that will weather the storms of economic uncertainty. And a huge contributor to business success can be the right environment.
With that in mind, these are just three cities around the world that are fast-becoming global hotspots for new start-ups.
Despite a difficult economic period during the 2008 global financial crash, Portugal has quickly recovered and is one Europe’s most thriving countries.
And its capital city of Lisbon is attracting investors and innovators in the business world like never before, ranging from the tech industry to media companies such as The Newsroom.
Lisbon’s tourist trade has been partially responsible for the boom, but it’s thought that great international and national transport links, as well as supportive government policies which permit business to prosper, have led to its rising popularity as a corporate capital.
Located in West Yorkshire, Leeds is the surprising home to a number of global brands.
Amongst these are Rockstar Games, the development company behind Grand Theft Auto, and global haircare brand GHD.
Leeds is also home to three major universities – Leeds Beckett, Leeds Trinity and University of Leeds. With a huge student population, companies have access to a wide range of young talent specializing in a variety of subjects and industries.
The surrounding area is also home to many great learning institutions, making Yorkshire’s job market a promising one for employers and graduates alike. Amongst them is the University of Huddersfield, who support business hubs such as the 3M Buckley Innovation Centre, and the University of Sheffield, whose history began as a medical center.
Denmark is frequently listed as one of the best places for businesses and entrepreneurs.
And the city of Copenhagen is a top attraction for many seeking commercial success.
There are many reasons for this, including but not limited to low taxation levels and competitive business costs, fantastic funding into education and expertise which means a highly skilled workforce for businesses to tap into, and an overall good quality of life for its citizens.
On top of this, company culture tends to be highly regarded in the city, meaning it attracts a wide labor market.
Are you an aspiring entrepreneur with ambitions in business? There are many factors that make an organization great, but find the right location and you could have the perfect launching pad for your start-up.
