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Entrepreneurship seemed to be the buzzword of 2018. Now in 2019, it’s time that you start your own business, if you haven’t already. If you’ve been longing to be your own boss, this year is the year to go after what you want. Here’s why:
1. Right Now, Our Economy is Strong
You can start your small business at any point in time, but 2019 offers a unique opportunity. Our economy is strong right now and this means that anyone with discretionary income will likely be more inclined to spend with your business. Even though there is no guarantee you’ll start turning a profit immediately after starting your company, you’ll find that today’s economy is more conducive to making a profit.
2. There are Goals You Want to Accomplish
Being one’s own boss isn’t the right decision for everyone, but for those of us that have certain goals we’ve been hoping to pursue, entrepreneurship is the perfect opportunity to go after these dreams. Once you have worked out how these goals will help to create your ideal lifestyle, income, equity, and wealth goals, it’s time to make the jump to become a small business owner.
3. Society is More Open to New Ideas
The business world is always changing. When it comes to innovation, society is now more accepting than every before. With entire industries popping up that never existed a few years ago, the opportunities for new businesses idea are almost endless. Now days, even the wildest concepts are getting attention, so there’s no better time than the present to launch your new business idea.
4. Today’s Technology Makes it Easier Than Ever
In the past, it often cost thousands of dollars to get a small business up and running. Today, you can go into business in 10 minutes or less. With the tap of a screen and the click of a button, you can have your business website, mailing list, and social media profiles all set up for your big commerce enterprise.
Moreover, there are countless resources available online that can teach you all you need to know about becoming a business owner. All the tools you need to become an entrepreneur are more readily available than ever.
5. You’re Ready to Build a Legacy
People often find their way to entrepreneurship once they realize that they are tired of working one dead-end job after the other. There’s only so much room for growth when working under a boss. If you’re tired of chasing promotions, doing the grunt work, and coming home day after day chasing someone else’s dreams, you’re likely ready to start building your legacy.
While working as a regular employee pays the bills, it doesn’t create something that you can pass down to your family. Comparatively, once your create your own business, you’ll be working towards building something your children will be able to benefit from, then pass on to their own kids. By starting today, you’re making major steps towards creating a better future for yourself and your family.
6. You Want to Enjoy a Passive Income
The drawback of working as an employee (and even running certain businesses) is the fact that you have to be present to do the work. While there is nothing wrong with hard work, the ideal business will put your money to work for you. By starting your own company, you are planting the seed to growing your passive income.
The only real way to build wealth is through passive income. This is how the rich become wealthy and how they keep growing their wealth. By starting a successful business that makes money while you sleep, you’ll be able to reap the benefits of your newfound passive income.
7. It’s Better to Start Sooner Rather Than Later
2019 only signals the start of another year that you are getting older. In the coming years, you won’t have the same resources, energy, and reach that you do right now. While you likely hope to grow personally and professionally as the years go on, it’s better to start your business now, rather than later. This is especially important when you consider that many new businesses don’t make a profit until a year after their inception..
By starting your business as soon as possible, you’ll give yourself and your new company time to grow. While it is important to ensure you are ready to start your business, entrepreneurs must learn to seize every opportunity that they have.
Think of 2019 as the year you change your life forever. This year is your chance to become the entrepreneur that you’ve always wanted to be. Set the fear aside, and jump into the world of small business ownership with both feet.