Something you should go. Something you should know is brought to you by Genesis gooldr dot com. That is also something you should know. You can put your retirement plan on the gold standard. Genesis Gold Group is the only IRA backed by physical gold and silver. Learn more and get a free gold and silver guide right now at Genesis gooldr dot com. We are number two. We are number two. Yes, South Dakota the second least expensive state to start a business. That is kind of cool. Number
two is not bad. Number one's better, but number two not bad. The number of new businesses in America has increased by fifty nine point seven percent over the last five years, from twenty twenty through twenty twenty four now into twenty twenty five, compared to the five years prior to that. While this unprecedented growth is expected to boost the economy, only thirty four point nine percent of these companies that started in twenty fourteen are still in business today.
So my wife and I started Sunny Radio in twenty ten, and we just talked about this the other day because we're talking talking about a friend that's a business owner that's struggling, and we're like, you know what, it's not as easy as some people think, it is tough to own a business. Rising business expenses driven by historic inflation, pose a major threat to survival rates. Companies that strategically choose locations to help reduce costs such as wages and rent, utilities, taxes,
and supplies will have a stronger chance of success. So Simplify LLC released a study of the most expensive and least expensive states to start your business in for twenty twenty five. And I'm looking here at the list. South Dakota is number two, But let's do the top ten. North Dakota is number ten, Nevada is number nine, number eight, Kansas seven, Nebraska six, Idaho number five, Montana for Wyoming
number three Colorado. South Dakota the second least expensive state in which to start your business and the number one state to start a business for least expensive Utah. Now let's do the top five most expensive places. Massachusetts number five, number four, Tennessee three does not surprise me. Hawaii. It's expensive to have a business there because you know, you got to. Everything's got to come out on a ship. Number two. New York and the most expensive state, California,
most expensive state in which to start your business. So that is absolutely fascinating and if you'd like to learn more, simplify LLC is who put out that list. Something you should Know. Something you Should Know is brought to you by Genesis gooldira dot com. Put your retirement plan on the gold standard. Get a free gold and Silver guide now at genesisgoldra dot com