• Kara Maddox

Why Colorado Is the Perfect Place to Start a Business

By: Lance Cody-Valdez



Melanie Magdalena
Garden of the Gods

When planning to start your entrepreneurial journey, it’s important to consider the ideal location for your business. Among the things to consider when starting a business, location can influence whether you will reach your goals.


Colorado Springs is a great city for entrepreneurs, especially startups. The state offers the perfect environment for new businesses to flourish. Not convinced? Today, KJM Digital shares some of the reasons Colorado is a great place for entrepreneurs.


Affordability


The cost of living in Colorado Springs hovers right around the national averages. Groceries and transportation hover just below the national mark at 98.4 and 95.1 respectively. Although housing is on the higher side, it is lower than other areas in Colorado. Depending on the neighborhood, you could rent a four bedroom house for between $2,100 and $3,900, with the average hovering closer to the more affordable amount of $2,500. If you buy, property taxes are lower than the average, by far.

Community


A supportive community is an important ingredient for a startup. It helps you overcome turbulence in the market and can push your business to grow. In Colorado Springs, there is a robust business community scene.


You can find meetups and conferences when you want to connect across industries. In business, meeting other entrepreneurs is essential as it helps you keep up with the marketplace, find business partners, and zero in on new talent. Colorado Springs also has several economic development incentive programs, including a business personal property tax incentive program.


Quality of Life


Colorado offers an excellent quality of life, and there’s something for everyone. Besides offering great quality of life, Colorado also offers incredible attractions that bring visitors to the state including many natural wonders, including:


  • Garden of the Gods in Colorado Springs

  • Royal Gorge in Cañon City

  • Cave of the Winds in Manitou Springs

  • Maroon Bells in Aspen

Education


An educated population makes it easy to find skilled workers, and Colorado is home to some top universities. The state is currently in need of more skilled workers, but leadership is pushing for more college graduates to fill in the gap.


Business Quick-Start Checklist


Once you’ve settled on building your startup in Colorado, check out a guide on how to start a company that covers all the basics. This should include registering your business with the state, creating a business plan, finding funding and working toward making those network connections.


Marketing your business and yourself should also be at the forefront of your efforts, since this is the best way to get the word out about your venture. A stellar website and dedicated social media can enhance your web presence, while a business card and a solid elevator pitch will come in handy for in-person encounters. You can also work with KJM Digital to enhance your in person and digital marketing efforts.


None of this has to cost a lot either. You can build your website through budget-friendly builders like Wix or Squarespace, and social media can be free when you’re submitting posts and engaging with customers. And a business card app makes it easy to design and customize your business card using free templates.


Settling into Colorado


Finding the perfect location for your business solves half the problem. Colorado is a great location as you get great community support and reasonable cost of living expenses, which can help you get your business on its feet quickly. Plus, there’s plenty to do around Colorado Springs, so you’ll be living the ideal work/life balance in no time.

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