» RELATED: The best small city in the country to start a business is in Georgia: Study
Although U.S. Hispanic Chamber of Commerce President Javier Palomarez describes Hispanic entrepreneurs as "America's business future," you may wonder why Atlanta isn't ranking higher on the list. The reason may lie within the fact that while other cities, such as Knoxville, Tennessee and even Columbus, Ga. are showing some of the highest Hispanic population growths, Atlanta is actually having one of the slowest population growths in the country. In fact, Pew Research showed that in DeKalb County in suburban Atlanta, the Hispanic population actually declined in 2014, down 4 percent from the population of 2010.
Advice for prospective entrepreneurs
While Atlanta may not have the best business friendly ranking, Hispanic entrepreneurs can still make their way to success. Mark T Schenkel, Senior Vice President for Small Business & Entrepreneurship in the United States, and Associate Professor of Entrepreneurship in the Jack C Massey College of Business at Belmont University offers the advice that starting a business venture is much more about choice than income. He suggests that prospective entrepreneurs should research local support opportunities and adopt a strong orientation toward a "lean" or "bootstrapping" when it comes to early-stage investments. He believes that this can help entrepreneurs preserve flexibility and personal wealth in the process.