Study says South Carolina not-so-friendly towards entrepreneurs
Fri, 26 Jul 2013 03:29:38 GMT —
A report released by the Anderson Economic Group looked at the overall tax burden on small businesses around the country, and it ranked South Carolina 43rd out of the 50 states.
Some small business owners along the Grand Strand say just starting your own business is a difficult process.
"There are no tax incentives for a small businessman. You have to dot your i's and cross your t's and do the best you can with that," Stuart Gore, owner of The Wildflower Gift Shop in North Myrtle Beach.
For the past 18 years, Gore has been the owner of Wild by Nature Landscaping after building it- literally- from the ground up.
But starting this new business was a whole different story.
"Eighteen years ago it was great. Eighteen years ago of course the economy was super. There was plenty of money to be made. It was very lucrative back then," Gore said.
He says without much governmental assistance, owning a small business has become a risky endeavor, and often, your business isn't your only responsibility.
"Most business people I know in North Myrtle, that have a small business, they have other jobs as well."
And he's not the only small business owner who feels that way. Simon Ohayon, owner of Kings at the Beach, says the key is to think smart, before you start a business.
"In this area, it's all about tourism. So if you have something to cater for tourists, and they like what you have, as long as they come, you should be ok," Ohayon said.
If you're looking to start your own business along the Grand Strand, there is a local chapter of a group called SCORE that provides mentoring services to point you in the right direction. Click here for more information.
Click here for the report.