Columbia Named as Top City To Start a Small Business

8 years 1 day 19 hours ago Friday, October 15 2010 Oct 15, 2010 Friday, October 15, 2010 11:25:45 AM CDT October 15, 2010 in News
COLUMBIA- Despite a tough economy, Columbia is doing something right. Columbia was recently named one of the top cities to start a small business by Forbes magazine. With a population surpassing 100,000, the increase of people can also mean an increase of businesses ready to make Columbia their home.

23 year old, Erin Vincent fresh out of college, can now add business owner to her resume. At a time when most are putting their business plans on halt, Vincent, the new owner of Krysp Cosmetic Studio, had other plans.

"This is a market that people still buy into despite the fact that we're in a recession because a lot of people take pride in their appearance despite the economy so I thought this was a great time." said Vincent.

It turns out that now is indeed a great time. Columbia is ranked as the number one city in Missouri and the number eight city in the country for small business owners.

Despite the recession, Joe Stephens from the MU Business school says more small business owners may be attracted to Columbia because, "A lot of people think its a great time to start a new business given the recovering economy. A recovering economy often does signal that there are a lot of opportunities for small business owners and entrepreneurs."

Vincent's advice to anyone considering starting a small business despite age or region is to, "know your market, research, have a business plan even if you don't need funding just to get familiar with the need in your city. "

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