More young people than ever are pursuing entrepreneurship.
A recent study showed that 84 percent of millennials are willing to relocate for a job, and 82 percent believe they’ll be required to relocate to further their careers. Over half of millennials in the study would even consider going abroad for new opportunities.
GoCompare released research that charted the best cities around the world where millennials could jump-start their own business. The study measured cities according to metrics essential for young entrepreneurs and looked at factors like availability of early funding, property, trading across borders and the cost of living.
“With a growing number of younger entrepreneurs looking to take the risk of starting their own businesses, they are now more open to the idea of moving abroad, where the conditions are more supportive for young start-ups,” Martyn John at GoCompare told Lonely Planet Travel News.
There are certain places that give first-time business owners the best chance for success. Aside from the obvious Los Angeles and New York City, the list also includes vivacious cities across the world like Estonia, New Zealand and Singapore.
The best country for young entrepreneurs? Canada. Four of its major cities made the cut, including Vancouver, Ottawa, Montreal and Toronto.
Inspired? Start packing your bags and check out the full list at GoCompare.