Connecticut Lands as Worst State in U.S. to Start a Business, Minus Alaska
Listen to this article in the author's voice below.
When you live in Connecticut there are certain truths you come to accept.
The taxes are bad, the traffic is worse and everyone complains about everything. If you can handle all of that, you may be tall enough to ride the Nutmeg coaster. There is another new distinction, Connecticut is terrible for small business, at least according to a new study.
Wallet Hub set out to find the Best and Worst states in the nation for starting a small business and the results are grim for the state. Connecticut was named the second worst state in America for launching your own enterprise. The only state worse than the Constitution State was Alaska, which might as well be its own country.
So, what set us apart from the pack? What makes it so difficult to start your own business here? The answer lies in the methodology, Wallet Hub made their determinations by studying the following factors:
- Average Growth in Number of Small Businesses
- Accessible Financing
- Labor Costs
- Availability of Human Capital
- Average Work Week (In Hours)
- Office Spaces Rent
- Total Spending on Incentives as %of GDP
- Educated Population
Our only plus was in educated population, for that we're ranked 5th in the U.S. We are also a standout in another category, but not in a good way. We have some of the highest labor costs in the country.
Freedom of choice is how most of weigh our quality of life. In America, we like to know that if our employer is not good to us, we can get a different job. We like to know that if we want to strike out on our own, we can. The freedom to choose to work for ourselves is off the menu in CT and that is a very bad thing.
I have a multitude of small business ideas but this is my favorite:
Snack attack is a storefront and a delivery service for snacks. This isn't really about the quality of the food or the convenience. Snack Attack is an experiential business, a novelty with massive merchandising opportunities. At Snack Attack, "we attack you with snacks."
You can call for a delivery from Snack Attack while out with your friends on Candlewood Lake. We fly over your boat in our helicopter and fire snacks at you with our custom made snack cannon. The delivery of chips, candy, hot dogs and other treats is an overwhelming assaults on the senses. The helicopter blares aggressive music, the amount of snacks is more than anyone can eat and the result is a hilarious blur of activity.
If you order Snack Attack from your home, we don't give you a delivery time or window. We stake out your home, surprise you and inundate you and your guests with delicious treats. Some people may want to avoid a mess in their home, in that case we send out our cleaning crew or you can make a visit to one of our stores. The second you walk into our store, you're barraged with insults and viciously besieged with food items.
Just think how many T-shirts we're going to sell, shirts that say "I Survived Snack Attack" and "Death by 1,000 Peanuts." Snack Attack is a winning idea no matter which way you slice it. I just need a financier with a unique vision and a deep wallet. Are you that person? Hit me up if you are.
Of course, we'll have to launch our headquarters in another state since CT sucks at business.
Snack Attack - All Rights Reserved by Lou Milano (ME).
On Thursday we spoke about another business fleeing the state, listen below.
Do you love to hear about CT? Love jokes? If so, check out the Ethan, Lou & Large Dave Show Podcast. The show is available wherever you get your podcasts, including Apple and Spotify. The program is the same one we do on the radio but with limited commercials and no music. You can also listen live by streaming the show on the I-95 Rock Mobile app, or tune into I-95 (95.1FM).
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