The Worlds 10 Most Expensive Cities To Setup Your Business
Where will you be setting up your next businesses? With housing pricing going up, which cities should you consider and which ones to avoid?
An expensive city doesn't mean it's bad for business, but you will just need to put in more effort to succeed.
Getting into 2017, a new report from Savills (one of the world's largest real estate firms) has found the most expensive cities for companies to rent and occupy office space, and housing for their employees around the world.
The Savills Live-Work Index, compares how much it would cost for businesses to set up a team of employees per capita in major cities around the world. Figures are based on Savills research for the average total cost per employee and can only be used as a reference.
The index found that London in the United Kingdom, which has been the most expensive for the last 3 years, is no longer the priciest city for companies. The total cost for the British capital has dropped by 11% since the Brexit vote, the report notes.
Meanwhile, the cost of living and working in Tokyo, Japan has seen a 22% rise in living expenses due to increasing rent prices, according to Savills survey and statistics.
Here are the 10 most expensive cities to set up a business in the world, along with the annual cost per employee in each area:
New York City, US — $114,009.57 (£86,656.46)
Hong Kong — $100,984.26 (£76,756.17)
London, UK — $100,141.30 (£76,115.46)
Tokyo, Japan — $85,331.53 (£64,858.84)
Paris, France — $82,880.61 (£62,995.94)
San Francisco, US — $66,268.65 (£50,369.51)
Singapore — $61,335.24 (£46,619.72)
Dubai — $53,913.42 (£40,978.54)
Sydney, Australia — $50,768.12 (£38,587.86)
- Los Angeles, US — $50,215.30 (£38,167.67)
Where will you be setting up you business?
What exactly does a Digital Marketer do? This term is often thrown around for a multitude of marketing positions, but does anyone actually know the definitive description for what this person does? In fact, yes, yes we do!
In a nutshell, business networking is the process of building relationships that might help you with your business growth or job search.
In networking, one must remember that it's not about what you can gain from the relationship. Instead, it's a focus on the other person. You want them to make a connection with you that they feel comfortable in, and find of value.
There is no age limit to learning new things as an entrepreneur. Actually, life is about learning new things as to increase self-awareness, brain stamina and personal growth.
There is tremendous risk taking in starting a business. Brilliant entrepreneurs know they will need to invest in order to grow and might invade their savings to get there. Don't let the fear creep on you. If you let this waver, your ability to stay focus and run your business will fall and you might end up losing rather than winning.
It's been 7 years since I created my first company. With that said, I will like to provide you 20 ways you can improve your entrepreneur skill set. This action items can help you reach your inner potential as you take your journey of passion and growth!
How Entrepreneurs can stay focused and motivated to reach goals and break records in everything in life. Self belief, confidence and positive thinking can be the key to self growth and business maturity.
When doing your daily tasks, it's possible to forget about how time flies by. We have one day with 24-hours to make a difference, within 24-hours you need sleep, food, work and errands - so how do you manage your time?
Backlinkfy - A digital marketing resource and software tools company, helping small businesses and startups find experts for their next projects.