Bringing your business idea into a reality takes more than just having the right skills you need to make the perfect plan.
Many startups fail because of a lot of contributing factors. Succeeding in a business will mean you have to play an all-around check from your products to the customers to be in the right market.
Another contributing factor of course is capital. Lack of enough capital hinders business growth. If you happen to be in France and you’re looking for financial companies, a good place to start is reading reviews from Amon Avis and finding the best services.
Nowhere to start. You may read some reviews about Sogexia then decide whether or not their services suit your business.
Setting your business in the wrong City or the wrong country in that matter may cause your business to fail.
If you’re planning to set your business in France here, I will share some of the best cities that are good for business startups.
The alternative title of this article should probably have been, ‘cities in France other than Paris’. The capital city of France is quite an obvious choice of cities to start your business in.
It checks with all the prerequisites of an ideal city to start a business in, to mention them;
- It has a significant influence over regional and international commerce – the major international, entertainment, fashion, etc.
- It is the financial hub of France – Top finance companies and investors choose to invest in Paris. It makes it easier to access capital. It also hubs France’s largest security market, Euronext Paris.
- The business environment is top-notch- Depending on the particular field in business you choose to base your business on, you will find customers that are willing to pay for your products or services.
- Easy access to partnership ventures.
- Paris contributes to 31% of France’s GDP, annually. This is an outstanding performance comparing it to a major city like London that generates about 23% of the UK’s GDP.
The biggest downside of Paris like many other cities in the world is the extreme prices. It is the second most expensive city after London in Europe. However, in my opinion, depending on your business, the market is favourable and in no time you will get a huge Return on Investment.
Lyon is the third-largest city in France and it is home to more than 500,000 people.
It is the second city after Paris in terms of generating gross domestic product GDP revenue for France.
Investors are flocking their city and as of 2015 statistics indicated that Lyon was the 19th city in the world with the highest number of international investors. It had a massive 730 foreign-owned companies.
Rent prices in Lyon are relatively lower compared to other cities in Europe.
Lion is also home to some of the biggest tech companies in Paris. It presents a well-digitized environment compared to other cities.
If you’re looking for a city where you can settle down and at the same time run a business in France, Marseilles is the perfect city for you.
The city is located on the west of the French Riviera, and it has one of the largest seaports in the Mediterranean, the Marseilles Fos Port.
The port has contributed to the development of trade in France receiving over 82 million tonnes of cargo every year.
If intended business fall in line with matters of international trade or shipping, there is no other place better than Marseilles.
If you’re looking for a city that gives a good balance between returns and affordability, then Nantes is your best option.
The average cost of running a business in Nantes is nearly half of what it costs in Paris. With its population of over 600,000 people, it is easier to find a target market.
It is the perfect location for manufacturing industries considering its low cost as well as the highly established infrastructure in the region.
Some of the biggest manufacturing companies that have opted to set their business in Nantes include STX (Shipbuilding company), Biofortis (a large pharmaceutical company), among many others.
The determinant of what city is the best in terms of setting up a business in France should be based on the type of business. There is no need to invest huge capital to set up a manufacturing company that intend to ship its products to other countries. It is much cheaper to base it on the suburbs or smaller towns or better still set it in a city like Marseilles because of easy shipment access.