Starting a small business? Here are the states where it is most likely to survive – and least.

There are a lot important things has consider When launch your own business Or side hustle, And location East has THE high of THE list. Local And State laws can mean different Taxes, zoning regulations And Licence requirements, SO he pay has be strategic about your choice of State, city And even neighborhood, according to has THE WE. Little Business Administration.

Related: 5 Things Not has Do When You are Running A Little Business

After all, a few 20% of new companies fail In THE First of all two years of be open, according to has THE WE. desk of Work Statistics (BLS). THE BLS Also find that 45% of companies fail In THE First of all five years. That number jumped up has 65% After ten years.

Capital on Faucet, A business that offers A credit map And expenses management platform For little business the owners, analysis BLS data has determine THE percentage of startups that are always active After three years — And broken down THE WE. States with THE The highest And the lowest chance of survival In three- And five years time frames.

"There are on 30 million little companies In THE WE., manufacturing up A huge percentage of THE economy, And as This number keep on going has to grow, SO will innovation And commercial to drive," said Damien Brychcy, chief executive officer has Capital on Faucet. "This research should serve as A positive sign has entrepreneurs In THE high ten States WHO are thought about departure A company."

Image Credit: John Coletti | Getty Pictures. Boston, Massachusetts.

Before diving In THE data, It is important has consider What factors TO DO A State attractive For new business the owners. And It is about more that just from A business. THE following factors can help keep little companies afloat And lead has in progress success:

Maybe THE most important postman of all, A business friendly tax environment can keep costs down And put more money In your pockets. There are pay, job, income And business taxes has worry about, all of which can affect the decisions around hiring And expansion. A few States Also offer tax incentives For little businesses, which can withdraw Dear obstacles. Revision A self employed tax calendar In your area can help.

If You to want has run A in good health, growth business, you go almost certainly be hiring employees. THE best States For little companies will to have A plethora of available Talent And A Workforce with high levels of college education. Departure A business close A college Or university can Also attract interest Since recent graduates. This East especially prominent In THE technology industry.

State Strategies concerning little companies involve more that just taxes And deductions. Government programs can offer business the owners subsidies And loans And encourage investment Since bigger donors. Compliance East another postman. States can lower THE costs of business by deletion regulatory red adhesive tape, such as required government approvals Or permissions.

You to want has to start your business somewhere he can prosper In both THE short- And long term. A number of factors can support This — For example, funding, investment In Infrastructure And habitability. A close proximity has sources of funding can help your business to grow, as long as THE area can support your workers And their families. States And cities with A weak cost of life, GOOD schools And solid...