1. The odds are increasingly in your favor
There was a time when entrepreneurship was exceedingly risky. Today, nothing could be further from the truth.
While any kind of career choice involves risk, investing your energy and time in a traditional job is just as risky as hanging out a shingle of your own. The proof of this is in a new report from the Government Accounting Office stating that a whopping 40.4 percent of workers in the United States are contingent or part-time workers — up nearly 10 percent from 2005.
This means that close to half of Americans are at the beck and call of their employers, and are probably holding down more than one job. They have little to no control over their schedules and fewer of them have employer paid health insurance.
These new statistics mean business ownership is nearly as secure as a normal full-time job. The potential downsides of starting a new business (risk, lack of “security,” working long hours, taking an income cut) are almost equal to the downsides of working in America.
If you have your own business, you can at least control your own schedule.
2. You will have a lot of help
Because so many people are starting businesses today, there is no shortage of people who can help you.
Local chambers of commerce are stronger than ever.
Online courses and education resources are easy to find and relatively inexpensive. There are plenty of books available to help you.
There are some great business coaches; and, they are not hard to find.
There is a trade organization for just about everything, and you can join and learn as you go with other like-minded business owners.
3. You do not need a lot of money
While you will need some money, and how much you will need depends on the type of business you start, you will not need nearly as much money as you would have needed 15 years ago.
If you make tangible products, supplies are more readily available; and, competition consistently holds down the prices of raw materials and supplies.
Computers are less expensive than ever. Domain and hosting services are practically free. If you want to have an online business, all you need is Internet connection and a great idea or product or service.
WiFi service is everywhere. You can use the WiFi at a local coffee shop until you can afford to buy the service.
Free and low cost training is everywhere. Using blogs and social media, you can reach out online and connect with coaches, mentors, and millionaires in your field in an instant.
Using a reasonably solid business plan and a manageable product or service line, you can boot strap a business from start to finish, and never ever take on debt.
4. It is more fun than ever
Fun is a huge motivator. People all over the world are starting businesses today, and you can connect with any of them. Meeting people who are doing the same thing you are doing is one of the things that makes entrepreneurship such a fun endeavor.
You are never alone. There is always someone to celebrate with. There is always someone to cry with.
There are business retreats and exciting conferences in big cities and small towns. Local pop-ups, farmer’s markets, and working co-ops ensure that every industry has a support community online and off-line.
You can learn online or you can learn in person.
You can match your personality to your business type.
5. You will find customers
Yes, there is something for everyone. If your product or service is even minimally useful, and you believe in it and are willing to work hard to market it, you will find customers.
If you have any questions, please feel free to contact JV LAW GROUP today at 714-752-3270 or send us an email info@jvlawgroup.com.
