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Best (And Worst) States For Business Climate For Solution Provider Startups

Entrepreneurs starting a solution provider business should consider states with a thriving economy, a large base of potential small and midsize business customers, and limited competition from other solution providers.

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Variable Climates

The success or failure of a solution provider startup depends heavily on the company's strategy, its ability to raise capital, and the caliber of its management and employees. But outside factors such as the number of potential business customers in a state, a state's growth rate and competition from other solution providers will also have a big impact on a startup's ultimate success or failure.

This year's Best States analysis looked at the business climate and competitive environment in each state. Criteria included the number of private sector firms in each state, the number of small (less than $10 million in annual sales) and midsize (between $10 million and $999 million) businesses in each state, and each states' gross state product and growth (the U.S. national average was 2.3 percent GDP growth) in 2017, among other metrics.

The analysis included the number of solution providers in each state, based on data in The Channel Company's solution provider database.

Also included in the analysis is each state's economic rankings according to Forbes Best States for Business 2017, CNBC America's Top States for Business 2018 and WalletHub.

The following are the 10 states with the highest rankings for business climate/competitive environment, listed from No. 10 to No. 1. The states with the lowest rankings are then listed from No. 41 to No. 50.

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