Whether you are a student, homemaker, job seeker or already doing a job (that you love, or don’t), chances are that the thought of building something of your own might have crossed your mind. There’s a sense of accomplishment that is derived from starting and growing your own business.
In an age where startups are on a rise and online businesses are establishing a strong foothold in the market, your aim of being an entrepreneur may just be fulfilled.
Here are 8 reasons why today is the time for you to start your own business venture.
- New and Diverse Skills
Being a business owner means being adaptable. You may be the production head today and the marketing head tomorrow. In such a scenario, you’ll automatically gain knowledge, skills and experience in different roles required to run a business.
- Advantage of Technology and Media
In today’s world, technology has transformed the traditional setting of businesses. From e-commerce to online banking/transactions, business owners now have a variety of options to choose from. Many functions of entrepreneurship have become more convenient.
Social media is the star for businesses these days. It has become easier to reach more people, drive sales and send your brand’s message across.
- Financial Independence and Sense of Accomplishment
When you make decisions about the expenses and earnings of your business, a sense of financial responsibility automatically follows. When you have the power and control to shape the financial situation of your business venture, you get a sense of financial independence. Also, seeing your business reaching new heights financially or otherwise instills a sense of accomplishment.
- Creating Jobs
Entrepreneurs create employment. Once your business reaches a certain point, you may need a team to support and contribute to your vision. In this current scene of unemployment, starting your own business would give you an opportunity to give others the opportunity to have a job.
- Channel for Creativity
We often keep so many ideas in our minds- ideas for innovation, ideas for change. If you really want to channel your vision and creativity into something concrete and actionable, creating a business/brand would be a great option. Running a business is not easy. It requires a lot of thought, creativity, logic, problem solving skills and other soft skills. If you’ve got all that or you’re willing to learn, your business can be the medium.
- Ability to Bring a Change
Business owners have the ability to create a difference in society. For example, many small business owners in rural/urban India are working for the welfare of the underprivileged, giving training and employment to people. Your brand can also shape the mindset of people. For example, many clothing brands are working towards spreading the idea of sustainable and environment-friendly practices.
- Support Platforms
A lot of support platforms have emerged for small businesses. These help you reach more people and also provide various opportunities. Your business can benefit from this. There are also various events and awards that can make your business known.
Women Who Win is a platform that supports women entrepreneurs and startups.
- Time, Money, Mindset
The most important reason you should start your business is that you have the idea, time, money and the right mindset to do so. Entrepreneurship carries a certain factor of risk. Even though some businesses require little to no investment, there are others which do. It may not always be a smooth road but you can cross that if you’re prepared.
It is time to take the first step towards something you’ve been meaning to build. Start your entrepreneurship journey today!
If you’re inspired by this article, let us know.