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Is starting a business<\/a> on your agenda in 2025? If you don’t want to launch one of the roughly 20% of businesses that fail<\/a> within two years, you should consider all of the factors that make or break success.<\/p>\n And exactly where <\/i>you start your business<\/a> is one of the most essential pieces of the puzzle.<\/p>\n Related: Starting a Small Business? Here Are the States Where It’s Most Likely to Survive \u2014 and the Least.<\/a><\/b><\/p>\n Entrepreneurs who strategically choose their business’s state, city or neighborhood can benefit from different taxes<\/a>, zoning regulations and licensing requirements, according to the U.S. Bureau of Labor Statistics<\/a> (BLS).<\/p>\n A new study from WalletHub<\/a> compared all 50 states across 25 key indicators of startup success \u2014 factors like labor costs<\/a>, the availability of human capital and how many hours make up the average work week \u2014 to find out where entrepreneurs stand to gain the most.<\/p>\n Related: Want to Start a Small Business? Here Are the Best States to Try (and the Ones to Avoid).<\/a><\/b><\/p>\n “It’s crucial to establish your business in a state that will maximize your chances of success<\/a>,” WalletHub analyst Chip Lupo says. “The best states have low corporate tax rates, strong economies, an abundance of reliable workers, easy access to financing and affordable real estate<\/a>.”<\/p>\n