If you want to start a new business you may just have found
the excuse why you should not. I don’t have the money, the economy isn’t favourable, it’s just not a good time, are some of the things that might be going through your mind. The truth is, there will always be an excuse for not doing it, the key is to overcome the obstacles. Now is a great time to start a new business for so many reasons, here are just a few of them.
- It can be more flexible than being employed: Many people start their own businesses just
for this very reason. To have a flexible job, and hours. The truth is, self
employed people can work more hours, but the key difference is, you’re not
going to have a boss breathing down your neck if you want to work late and
start late. - Be in charge of your own destiny: This is the
incentive for many people, and it generally makes us work harder, as you’re in
charge of not only your future, but your current income. If you plan for the
future, the now will look after itself. - Costs in many areas are down: With a recession,
the costs of doing business in many areas are down. Of course this depends on
market supply and demand for specific products and services, but generally, it’s
never been a better time to buy. - Manage your stress: Working for someone else can
be very stressful. When you work for yourself, you can manage this stress to
some extent by being in charge of your own destiny. Refer to point no. 2 - Get free and low cost education: There are so
many low cost and free educational tools out there to learn about business.
Networking groups is one of them. There are also many courses and programmes
out there. University’s have business start up programmes tailored for anyone
with a good idea. - Disruption in the economy means change, and
change happens very fast. Entrepreneurs grasp change with both hands, that’s
what makes them entrepreneurs. - When times are leaner, customers shop around. This
creates opportunity to supply a leaner product to the market. Loyalties loosen
a little with current suppliers.