May 4, 2020

10 Reasons to Start a Business Right Now

It’s never too late to start a business. If you’re tired of working to increase someone else’s bottom line, then perhaps it’s time you do something about it. While it may not seem like the most favorable moment in the world to start a new venture, there are consumers still shopping and looking to professionals for help every day.

While ten years ago, your business plan may have been a hard sell, today, you can work from the comforts of home and make megabucks. Did you know that eight out of ten consumers do most of their shopping online, which is about 79 percent of the population? Now is the perfect time to venture out into an e-commerce-based company.

Ten Reasons Why Now is the Time to Start a Business

If you’ve been mulling over a career change for a while, then perhaps you need to try your proverbial wings and take a nosedive into one of the most exciting adventures ever. If you’re still not 100 percent sure about such a bold move, then here are ten reasons why there is no better time than the present.

1. You’re Ready

The best reason to start a business is that you are ready for such a venture. If you already have a business plan, you think about it night and day, and you are daydreaming about all the possibilities, then there’s nothing holding you back. Sure, you may feel like you’re skydiving out of a plane with a faulty parachute, but anything new has risks.

There are so many opportunities to start a business from home that won’t even cost you much money. The beauty of using your home as your office means that you don’t have overhead and all those other costs. You have no excuses to get out there and take the plunge. Just put one foot in front of the other, and soon you will be walking into overwhelming possibilities.

2. You Have Nothing to Lose

Unless you’re fresh out of school, you have some work and life experiences that you can build on. Thankfully, the opportunities to make money doesn’t come with as much risk as it may have before. What you need more than anything is to have the dedication and the willpower to succeed.

If you choose a career path that is in alignment with your passions, then you will be doing something you love. You’re not just there to collect a paycheck; you are doing something that you want to do to help your family. Some of your most straightforward ideas can net you an enormous amount of cash. Think about it; One small chance could change your entire life.

3. People Need You Now

If you pick the right product or service, then it’s recession-proof. For instance, your area might not need another carpet cleaning company, but they always have money for things like pet products, specifically flea killers.

When you choose a start a business, you must pick something that is a necessity, no matter how bad off the economy. Some things are untouchable when it comes to sales, and you must find your niche and market it.

You have hundreds, if not thousands, of people that have money to spend on what you can give them.

4. You’re Underemployed or Laid Off

One of the biggest motivators to start a new business is if you recently received a layoff or you are underemployed. The job market has been tight, and you may be working way below your means. Would you like more money and the freedom to do what you love?

You hear a lot of talk about climbing the corporate ladder, but many companies offer little to no way to advance. You deserve to move up in the company, and there’s no better place to be then at the top. Stop working for pennies when you can make the bank deposits you need to thrive in this life.

If you are working below your grade or you received a furlough, then it’s a sign from the universe that it’s time to make a drastic change for financial prosperity.

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5. You Can Take Advantage of Numerous Tax Benefits

Are you tired of paying Uncle Sam every year during tax season? Well, starting a business means that you can take advantage of all the tax breaks allotted to companies. It doesn’t matter if your new venture is from home or in a brick and mortar building; you can still get these tax perks.

The advantages of owning a business increased on September 27th, 2010. Congress signed into law the Small Business Job Act. This program allows small businesses to get extra incentives to stay afloat. It helps the economy, and it helps you.

Writing off things such as a home office, travel expenses, and even meals and entertainment, can help you to get money back rather than paying during tax season. You won’t have to dread April 15th anymore.

6. You’re the Boss

While there are tons of reasons why you need to start a business, the most significant advantage of all is that you’re the boss. No longer do you need to punch the time clock, call off if you are sick, or ask for permission to take a mental health day.

When you are in control, the whole world changes. It doesn’t mean that you are any less accountable, but the employees are now in your control. You can say what, when, who, where, and why. Isn’t that a great feeling?

7. Employees are Your Choice

When you work for a company, you have no say in the people you rub elbows with daily. Now, some of those people have been amazing, but others you would love to see move onto something else. The great thing is you get to pick the people who will work with you in this venture.

You will have good employees and bad ones throughout your business, but you have the power to change things. You don’t have to put up with slackers or those that would rather leave early, show up late, and take ten extra minutes on their lunch break.

There are good people out there that will work for the money that you have to pay, and they will impact your business. With recent world events, the talent pool of selection is more substantial than before. So many people are out of jobs that they will work for less just to have an income.

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8. You’re Tired of Corporate Politics

One of the biggest reasons to make a career change is that you are sick of dealing with the red tape and politics at work. If you want to feel successful, then you need a management team that is behind you and will support you all the way.

Most companies start out good, but they must have proper management that is behind you, motivating the staff. If you feel that your current situation is stifling your growth, then it can be a significant indicator to you that it’s time to make a move towards something better.

9. Your Creative Juices are Flowing

Do you have so many ideas your head feels like it might explode? Creative people, who have a lot of willpower, are the ones who can take small concepts and turn them into a million-dollar corporation. Do you have what it takes?

Milton Hershey believed in his chocolate so much that he filed bankruptcy two times when his ideas failed. The head of the chocolate empire only attended school through the fourth grade. However, he didn’t let a lack of education stand in his way. Even though he declared a total loss twice, he came back the third time and built the candy bar company that everyone loves.

There will be trials and things that come your way in this venture, but you must let your creative energy and your desire to succeed overshadow any negativity.

10. You’ll Gain Independence

Finally, you will gain independence from all the things in life that hold you back. You won’t have a boss breathing down your neck, you won’t have to maintain someone else’s schedule, and you can come and go as you please.

While you may not start out making millions, having your independence is priceless. You can take off on a Friday evening and fly to Paris for a week. When you call the shots, you can suddenly see why so many people want to be in the driver’s seat. There’s nothing like being in control of your life.

start a businessFinal Thoughts on Knowing It’s Time to Start a Business

The reasons to start a business are vast. You will feel successful because you have the power to change your destiny. Why leave your financial wealth in the hands of someone who sees you as a number or just one of the hundreds that make them money.

Stop taking orders from everyone else and have a seat in the pilot’s chair. Your entire life is about to change, as you are now in control.

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