Any entrepreneur interested in starting his own business has probably wondered which the best place to open a business is. In the 50 states of the US, there are a lot of different kinds of industries that thrive. Natural resources, climate, population and many more influence the growth, development, and stability of businesses.

So how does the business climate look like in Colorado?

First of all, Colorado is the 8th largest geographically and 21st most populous U.S. state. After different studies were conducted, it was actually considered to one of the best states you could start a business in. In fact, it was recognized by CNBC's on their "Top States for Business for 2010" list as being the third state best state in the country.

Although manufacturing is still the leading industry in Colorado, there have been a few industries that have grown tremendously in the past years. These include tech, agriculture, real estate, craft beer, cannabis, energy and tourism.

According to statistics, entrepreneurs should be pretty confident if they are thinking of opening a business in the state of Colorado. The state even offers them the Colorado Business Resource Book which can help them a lot especially when it comes to the initial steps of forming an enterprise.

 

They only have to follow a few basic steps that are required in any American state. Registering their business, obtaining a federal tax ID number and creating a business plan are some of the essential first steps that any individual who is starting a business should take