Things have changed considerably in the last decades, and we are able to run a business from anywhere in the world. Choosing a city to live in and work in are now two different things. But, no matter if you are running a traditional or digital business, you need to be where all the action happens.
It's always best to live in bustling and vibrant cities that offer many business opportunities and provide inspiration. Great business ideas come from your surroundings. It's impossible to come up with a service, or a product people would be interested in without being in contact with people. Yes, the Internet has enabled us to stay in touch no matter where we are, but it's not almighty, and some things need to be done face to face.
How to Choose a City?
Even digital nomads never choose dull and quiet places. The most famous digital nomad hubs are bustling cities because human contact is essential for developing ideas. That's why cities that are great for traditional business are also great for digital business too.
You also need a city where people are used to investing and are open to new ideas. That's why it's important to start or grow your business career in one of the world's business centers.
And there are many cities competing for the title of the best place to do business. New York, London, Hong Kong, Tokyo, and other traditional financial centres have fierce competition in emerging business hubs like Tel Aviv, Vancouver, and Dubai.
The top 3 cities for a young entrepreneur are:
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In most people's minds, it's a place with the most luxurious hotels and best stores. But there is so much more to the story than what meets the eye. Dubai is one of the most significant business centers in the world. It has excellent capital flow, an experienced and well-trained workforce from all over the world, one of the best-connected airports in the world, and so on. It's a land of opportunity for young entrepreneurs with good ideas and good work ethics. The city is exciting! One of the best Dubai areas to live in is DSO - it has more than 100 apartment buildings to choose from. So, with just a little effort, you'll be able to find your perfect Dubai Silicon Oasis apartments for rent.
- Tel Aviv
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This is an exciting city with a lot of history transformed into a high-tech entrepreneur hub. The combination is impressive. It's often regarded as one of the greatest places for entrepreneurs in the world. Excellent work culture and plenty of venture capital companies just waiting to invest money make this city one of the best starting points for any person interesting in starting an enterprise. The city itself isn't cheap to live in, but the average salaries and living standards are high, making it a great market.
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Often regarded as the "Silicon Valley North," this is one of the digital capitals of the world. And where there is a digital industry, money follows. Many venture capital firms willing to invest in good and viable ideas make this city one of the best to start a business. Being a digital hub, this city attracts young, smart, and innovative people, so the workforce quality is excellent. The quality of life is high, and it's often referred to as one of the best cities to live in. All these make working and living in Vancouver a pleasure. Like any popular place, it's not cheap to live in, but with a little bit of effort you can find accommodation that will suit your needs.
How to Choose a Neighborhood?
You would want to be well connected. Although a secluded place far away from the city sounds great, that is a sound option for people who have already established their businesses and don't need to be engaged all the time. They have delegated the tasks to their employees, and they've made companies that practically run themselves.
As a young and new entrepreneur, you will have to commute frequently, attend meetings, have lunches and dinners with the investors… So, that suburban house with a big yard and a pool will have to wait.
The best thing is to find a centrally located apartment. It would be nice that the building has all the amenities you need, so you wouldn't waste time commuting to a gym, pool, and so on. If the building doesn't have them, try to find an apartment within walking distance from shops and services you often need.
A city that's nice to live in doesn't have to be good for business, and a young entrepreneur has to follow the money flows and choose business hubs as a starting point. Luckily, there are many business-friendly cities that are also great to live in. You just have to choose.