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 Today's advice comes from Mark Zuckerberg, the co-founder and chief executive of Facebook, via Courtney Rubin's article at Inc.: "[Silicon Valley's] not the only place to be, I think…Honestly, if I were starting now, I just would have stayed in Boston."
Silicon Valley is often heralded as the mecca of startups. While it is true that there are no shortage of engineers, universities, and venture capitalists in the Bay Area, your business isn't doomed to fail if you set up shop elsewhere. A company's available capital, product development, and ability to innovate are better indicators of success than geography. Moreover, mobile devices and cloud computing allow employees to connect with peers and conduct business from virtually anywhere. If you're intent on starting your business in a city with like-minded individuals, Emily Maltby at The Wall Street Journal identifies a number of U.S. regions that have developed into hubs for specific industries. She cites Indianapolis as the center of a life-sciences boom, San Antonio as a city thriving off of cybersecurity, and Nashville as a place where the healthcare industry fuels an infectious entrepreneurial spirit. "If I were starting now, I'd do it very differently—but I knew nothing back then." Want your business advice featured in Instant MBA? Submit your tips to tipoftheday@businessinsider.com. Be sure to include your name, your job title, and a photo of yourself in your email.
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