More and more people are thinking about the freedom that comes with owning their own business. With shows like Shark Tank ranking highly and glamorizing successes, sometimes the downsides of owning a business are often glossed over.
Starting a business requires dedication, commitment, and the right mindset. One that's not going to throw in the towel when the going gets tough. However, if you're ready to take the plunge for a more rewarding lifestyle, and willing to overcome obstacles, here are some tips that it may be the right time to start a business.
Do you really despise your current job?
In today's world, opportunities abound, and holding down a job for 20 years or more is barely done anymore. There aren't any guarantees with a so-called steady job, so if you are dissatisfied and it's affecting your quality of life, there's never been a better time to strike out on your own.
What is your WHY?
Everyone has different reasons for starting their own business. Perhaps you can identify with some of these:
How can I start?
Thankfully today, you can start many businesses with little or no money. Starting an online business is fairly straightforward and almost anyone can pull off an e-commerce business with a bit of research. The main points to focus on from the start are:
Service based businesses:
You don't need to sell a product to start a business. In fact, there are hundreds of ways to monetize your expertise. Keep in mind though, that if you are selling a service, you're trading your time. If you're ok with that, or have plans to scale and outsource, these are some ideas you could start with practically no investment but your time:
When's the right time to start?
If you wait and put off starting a business until the conditions are just right, you'll never be a business owner. The right time to start is today. Start researching, brainstorming, and learning. Take the first step and see where it leads you. One of the best things a new business owner can do is get their books in order from the start. Consulting with a bookkeeper will save you endless hours of frustration. If you need help or advice on your new start up, give us a call! The owner of The Bean Counters Bookkeeping has a book that will help you in your journey as well. Knowing the common mistakes made in the beginning, Kaylin gives step by step advice to new entrepreneurs in Putting the Puzzle Together.