Updated June 8, 2021
If you’re a small business looking to expand to new cities in the most efficient and economical way, then you have landed in the right place! Expanding your small business to new locations is a great way to access new customers with existing products or services. However, tackling new cities may seem daunting or even impossible without a large team established in an office there. But not only is it possible, it can even be simple and economical! A Virtual Office may be the perfect solution for you to expand. And a Virtual Office in Miami, Florida is one of the best options!
What is a Virtual Office?
A virtual office provides you with a digital platform from which to conduct operations remotely, but also gives your business a physical business address and presence in a desired location. But it’s not just a street address; virtual offices offer a range of services to help your business run efficiently from wherever you are! To find out more about what a Virtual Office can offer you, Click Here.
Grow your Businesses with a Virtual Office in Miami!
In 2019, WalletHub, a personal finance website, released its list of The Best Large Cities to Start a Business In. WalletHub conducted a survey in 100 cities in the U.S. and compared them based on 1. business environment, 2. access to resources and 3. business costs. Out of 100 cities, Miami, Florida was #3 Overall on the list. Here are some other important Miami rankings from the study:
- #1 in terms of the most startups per 100,000 residents
- #2 for Business Environment
- #5 for Lowest Labor Costs
Here’s the best part! You can enjoy the growth benefits of expanding to Miami without having to move there, lease an office space. You can expand to Miami flexibly and affordably with a Virtual Office.
Here are the benefits to expanding with a Virtual Office in Miami.
Massive Potential Customer Base
Whether your customer target is consumers or businesses, Miami has huge potential. Miami, Florida has become the epicenter of international business. Its booming economy, impressive infrastructure, and diverse population make it a prime location to launch a successful business. As a result, more businesses are migrating to Miami. As mentioned above, out of the 100 largest cities in the US, Miami has the most startup businesses per 100,000 residents. And with new businesses, comes new residents and potential consumers for your product or service!
Miami attracts businesses and individuals from around the globe due to its growing economy and low cost of living. So, the culture is diverse, plentiful, and business-minded. All of which creates a strong local customer base for your business. But Miami is also a mecca for tourism, bringing in hundreds of thousands of customers in vacation mode who are ready to empty their wallets every year.
Prime Your Business for International Expansion
Miami is home to thousands of international business headquarters. They are taking advantage of its strategic location and bustling economy to expand their companies around the globe. This means the infrastructure and resources available to you are already primed for international business. Plus, you’ll have access to successful international business leaders. This is an opportunity for guidance on the best ways to expand to the global market.
Due to its central location and convenient international airports, Miami is a key exporter of U.S. Goods. Additionally, much of that traffic stems from small businesses. According to sba.gov, over 95% of Florida’s 2017 exports were done by small firms. Through its southern location and international culture, Miami also boasts one of the best opportunities for business expansion into South America.
The state of Florida offers one of the most business-friendly tax structures in the country. According to BeaconCouncil, Miami is one of the best metropolitan areas in the country for small and startup businesses. The reason is Miami’s low corporate income taxes, modest 6% sales tax, and no state income taxes. With taxes this low, starting or expanding your business in Miami means you keep more of your hard-earned dollars.
Innovative Business Solutions
Miami is on the forefront of business innovation. As business experts have come together in Miami, they have created an environment that supports forward-thinking and revolutionary ideas. One of the biggest areas of change in Miami is an abundance of creative commercial real estate options. As an example, Miami is home to many digital office solutions such as virtual offices or coworking spaces. Starthub is proud to be one of the best providers of virtual office solutions in Miami. By choosing Miami you’ll get access to the best new business trends in the industry (before the others do!).
Miami has a myriad of organizations that have helped local entrepreneurs to stay afloat over the years. They provide small businesses free conferences, counseling, partnerships, and various other types of support. Some of these organizations are:
- Government institutions such as the MBDA business center
- Local organizations such as the CAMACOL
- Public and private Universities
- Various loaning programs
Now that you’ve chosen Miami as the location of your new business, how do you get there? The costs to relocate your business and your family can be staggering, especially for a startup or small business. Moving expenses, real estate purchases, and administrative costs can put your business in debt before you even begin! Luckily, at Starthub, we provide a solution. A Starthub virtual office lets you take full advantage of Miami’s benefits while keeping your business costs virtually non-existent. Our services will give you a prestigious business address in Miami. You get the address and all of the perks that come with it, without ever leaving your home. It’s like having your cake and eating it, too! For several other ways that our products can benefit your small business, check out How Can A Virtual Office Help Your Small Business? Contact us today to start setting up your business in Miami and guarantee your success! We’ll see you there!
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