Texas Tech University

Rawls College Professor Featured in WalletHub Article

April 18, 2018 | By: Chelsea Grunden 

Mitchell

Ronald K. Mitchell, PhD and Rawls College professor of entrepreneurship and Jean Austin Bagley Regents Chair in Management, was consulted for the WalletHub article "2018's Best & Worst Cities to Start a Business," written by Financial Writer Adam McCann.

The article explores which small cities in the United States are conducive for a startup business' success, depending on an entrepreneur's type of business and personal preferences. It ranked the best 1261 cities for starting a business, which included 80 cities in Texas. It also listed specific cities that ranked highest and lowest on different scales: financing accessibility, human resource availability, educated workforce, pricing of office spaces, labor costs, work week in average hours, average growth in number of small businesses, startups per capita, revenue per business and industry variety.

Mitchell specifically answered questions regarding the pros and cons of starting a business in a small city, what kinds of businesses may do better than others in a smaller city, his tips for an entrepreneur starting a business in a small city and what local authorities can do to encourage entrepreneurial activity in their small city. Read his full answers here.

Among other consultants were Mark Cuban, business magnate and owner of the Dallas Mavericks; Thomas H. Allison, assistant professor of entrepreneurship in the Carson College of Business at Washington State University; Michael Braun, professor and Poe Family Distinguished Fellow in Entrepreneurship in the Department of Management and Marketing at the University of Montana; and George Langelett, professor in the Department of Economics at South Dakota State University.