Few places offer as inviting of a business environment as the Lone Star State. New franchise owners who want to move down to this unique part of the southwest are likely to find that it’s a great place to live and work. As these four reasons show, there’s a growing positive attitude that makes Texas a great place to do business.
1. Unique Central Location
Entrepreneurs who want to buy a franchise should find that Texas’ location makes it a prime spot for doing business. It’s a great place for companies that plan to ship internationally, since its southern coast is right along the Gulf of Mexico. A combination of great railroad and highway connections makes it possible to ship goods all over the country. Many businesses in Texas are more or less equally distant from many of the country’s other population hubs. That makes domestic shipping patterns relatively simple, especially compared to firms that operate on the other side of the country.
2. Companies Are Moving There
International firms have a big stake in Texas. Overseas investment could continue to grow for the foreseeable future. Though the market and regulatory climate is uncertain as a whole, it’s obvious that a number of big companies will always call Texas home. As foreign firms look to enter domestic markets, they’ll turn to the major metro areas in this state as entry points. That should prove to be welcome news to franchise operators who want to open up shop over the next few years. It should also help to boost the total number of business-to-business sales made within the state’s own borders.
3. Emphasis on Human Work
Local franchise operators have shied away from automation technology and instead emphasized actual human labor in recent years. That’s a stark difference from the trend found in most parts of the country, where people are looking to replace as many staffers as possible with machines. As a result, workers in Texas feel a bit more secure than those in other states, so they’re willing to put in some extra effort. Companies that do business in highly competitive sectors are also able to weather storms more easily as a result.
4. No State Income Taxes
Texas is one of only a few states that don’t levy personal income taxes on residents. While employees are still required to file federal income tax returns, they don’t have to do so with the state. That simplifies things for individual filers. It also helps to reduce the tax burden on individuals. Professionals who are fleeing states with high tax rates are relocating to the state in droves, which is giving franchise operators a large labor pool to draw from. These individuals are ready to work and are looking for challenging jobs as they move in. Real estate prices remain at least somewhat competitive, so they’re often able to find homes near the places they work. That’s a great deal for these staffers as well as the franchisees that ultimately employ them.
If you are considering investing in a franchise opportunity, look no further than the great state of Texas as the place to start your franchise journey.
