Updated: Dec 17, 2021
There are thousands of cities across the United States that entrepreneurs call home. Some metro areas offer amazing exposure to high-profile business contacts but have a cost of living that is nearly impossible to meet. On the other hand, some towns are dirt cheap to live in but offer almost no support for entrepreneurs.
That’s where High Point, NC comes in. Living in High Point is much more affordable than the national average, but there is also a top-notch entrepreneurial community committed to fostering local small business growth.
What’s more, High Point is the prime example of a family-friendly living environment, and it has plenty of attractions to offer both adults and children. If you’re looking to start (or move) your business, consider this information from FM Consulting Group on why High Point could be your best bet:
Getting Your Business Off the Ground
There are many aspects to starting a business. If you try to wing it, you will likely become overwhelmed with your to-do list. But if you take time to prepare and put a plan in place for your startup, you can set yourself up for success in High Point or anywhere else you choose to live.
For example, you will need to select a business structure for your venture. Many entrepreneurs form an LLC because of the tax advantages, limited liabilities, and other factors that make it beneficial for small businesses. Because each state has its own set of regulations and restrictions regarding legal structures, you must ensure that you understand what is required in setting up your LLC in North Carolina.
You will also need to establish solid branding for your company that represents your values and offerings to the masses. For instance, every business needs a unique and attractive logo to use on promotional materials.
While you can hire a professional to design your logo, an alternative would be to use a free logo maker online. This type of tool gives you everything you need to design an appealing logo; you simply choose a template and add whatever text is necessary. Then, you can select a logo from a wide array of options and customize the color scheme and fonts.
Connecting With the Business Community
Another essential factor in starting or growing a strong business is connecting with the entrepreneurial community around you. In High Point, there are many local organizations committed to helping entrepreneurs and business owners get the counsel, funding, and other types of support necessary for flourishing.
You will receive the support you need from customers, advisors, community leaders, and other business owners, which can prove instrumental on your road to success. Here are a few local resources to consider:
● GTCC Small Business Center
● High Point Economic Development Corporation
● Business Link North Carolina
● High Point Chamber of Commerce
Working With Professionals
Even if you plan on doing most of the legwork on your own, chances are you will need help in certain areas of your business. Start researching the talent pool in High Point, as well as professionals who work with other businesses, to get an idea of who you can reach out to in order to help grow your company. For example, FM Consulting Group can advise you in all things business management!
One way to get an idea of the talent pool a city offers is to look at the local colleges and universities. High Point has plenty of top-notch schools in the city and surrounding areas. Here are a few:
● North Carolina A & T
● High Point University
● The University of North Carolina at Greensboro
● Randolph Community College
Colleges are also an excellent resource for finding talent for your business. You can connect with the career offices at a nearby university to get in touch with current students and alumni who can help take your venture to the next level.
Affordability of High Point
When it costs too much to live in a city, it makes virtually every part of life more difficult. Fortunately, living in High Point is very affordable. The cost of living is much lower than the national average and you have a lot of options when it comes to renting or buying a home. The average 955 square-foot apartment costs $1,020 while the median home value in High Point is $175,208.
Uncompromising Quality of Life
Just because it is affordable doesn’t mean High Point has nothing to offer entrepreneurs and families. On the contrary, there are more than enough activities and attractions to keep you and your family busy throughout the year:
● High Point Theatre
● High Point Museum
● Bernice Beanstock Furniture Library
● City Lake Park
● High Point Area Arts Council
● All-A-Flutter Butterfly Farm
● Kersey Valley Attractions
● Museum of Old Domestic Life
If your family is going to thrive in your new city, it is essential that you have things to do together. But quality of life also matters to your future employees and business partners; when your community is happy, it will benefit your life and the lives of those around you.
High Point has a lot to offer entrepreneurs and families. There is a strong entrepreneurial community to help you get a solid start to your business. There are excellent schools and talent in the area, and the cost of living is difficult to beat. And at the end of the day, there are plenty of things to do in this city that will keep you and your family happy, hea