It’s no secret startups and businesses have a high failure rate. According to the U.S. Bureau of Labor Statistics, 20 percent of small businesses don’t last a year. Of those surviving, only 50 percent celebrate year five. According to the U.S. Bureau of Labor Statistics, 20 percent of small businesses close within a year and only 50 % survive up to 5 years.
However, despite all the hurdles business owners face, some states make it easier for small business owners to operate and profit. There are also states with higher tax rates and regulations which make it harder for small businesses to survive. Based on USA Today’s report, here are the best and worst places in the U.S. to run a small business based on state policies, tax rates, infrastructure, annual GDP, business costs, and more. Learn more at: https://oppbusinessloans.com/
Score from the experts at Killer Visual Strategies
Visual Communication - 55%
Design - 25%
Content/Script - 40%
Usability - 35%
This infographic ranks the 5 best and 5 worst states to start a small business. The design of this infographic contains plenty of visual elements, although they aren't all working together. The photographs aren't high-resolution enough to support the large size they're presented at. A wide variety of icon styles are represented throughout the sections. Some are monochrome with simple line art, some are more complex with multiple color fills, and some have shading and texture. In general, the visual elements don't seem to have a defined style. Although the content ranks the "5 best" and "5 worst," it doesn't specify that this ranking pertains to the US only. Another issue is that the sections for Colorado, West Virginia, and Louisiana don't include any specific data points. This undermines the credibility of the ranking, since it's not clear what exactly is being compared. If this infographic organized its content by comparing different states side by side with data visualizations (using tax rates and other specific metrics), it would be easier for the reader to comprehend the significance of each data point. Overall, we'd give this an F.