The city of LA has a lot to offer business owners, startups, with easy access to the global market, great tech community, tons of specialized talent & economic opportunities to connect all of these together for a great impact on today’s workforce and also the next generation.
LA’s economy looks good. The city sees the third-largest GDP in the world, with a $1 trillion plus economy. In 2018, LA-based startups received $6 billion in VC funding, an impressive increase from 2017 levels according to CB Insights and PwC. This only states how investors are willing to invest in small businesses and startups as they define the future and bring new ideas to life. The focus here should be to infuse small business and entrepreneurship courses or skills into all of the various careers and technical education disciplines into the students so they acquire the technical skills as well as the business skills to succeed in the workforce and to become future entrepreneurial leaders. Be a part of a tech community for opportunities and connections LA provides a great opportunity to build a network in the industry as there are frequent meetups, events and conferences to showcase your idea. It is very important to be a part of these gatherings to keep up with the marketplace, find business partners and new talent. Your entrepreneurial aspirations & dreams will come true in Los Angeles Incorporating the local culture while starting a business & entering the world of fitness/ health or any industry, LA has it all. The previous boast of several entrepreneurial success stories has encouraged people to dive into the idea of building something of huge value giving access to individuals for job opportunities and quality life. With the right ideas & with the help of business incubators, hundreds of startups have evolved. Tech & entertainment entrepreneurs LA is the home for tech & entertainment entrepreneurs which will allow you to meet bright like minded people to learn a few things from & build connections with supportive start-up communities that will help your business grow at a faster pace. Access to worldwide business opportunities A great advantage is a diversified target audience providing a lucrative capacity to the B2C startups in the area. The city is well connected and this connectivity is significant for business trips and easy access to raw materials for your products & services. Excellent access to all the resources A significant factor that startups take into consideration while moving to a new city is real estate. The concept of shared office spaces is an affordable alternative to purchasing or renting an entire space with all the amenities that entrepreneurs need for the smooth running of the business has allowed for cutting down on the costs. The Entrepreneur network of Los Angeles The name suggests coming together of like minded people for career development & education. Turning an idea into reality does require a lot of effort & resources with support from mentors with a well established network of small business development centers & training programs. A thriving economy with abundant resources & customer base is a perfect place to start & expand your business. Talent pool of very interesting people Best talent keeps coming to Los Angeles to be a part of the interactive startup ecosystem and work in exciting startups. Entrepreneurs have the opportunity to utilize these resources to the best of their ability. Building a resilient team with these creative minds goes a long way for a sustainable startup. Los Angeles is home to industry leaders in design, technology, music, film. Talented content creators have now emerged to create an entrepreneurial ecosystem with an excellent working culture & environment. Ample of professionals like copywriters, photographers, marketers, influencers, and many more are helping make consumer products simply attractive & desirable. Los Angeles-Long Beach-Anaheim, CA is the 11th largest metro for the most startup business activities with startup formation rate at 9.47%, annual startup formations at 24,718, annual new jobs created by startups are 144,716 & jobs created by startup as a percentage of all new jobs at 18.05%.