Many of us have made resolutions for the coming of the New Year. Some people vowed to work on being more productive while others swore to eat healthy and exercise more. Of course, there are also the entrepreneurial minds that instead of worrying about their waistline, they are thinking of ways to start their own business. If you are one of them entrepreneurial kind, 2016 might just be the best year for you to start your own business. For all of you needing some extra motivation/inspiration please follow my personal Twitter account for advice!
Why should you start your business in 2016? Here are some of the best reasons why:
It’s An Open Market
Well, it has been that way for many years now. The presence of the internet has opened the doors for worldwide markets that companies big or small can participate in. Even if you are just one person who operates a website and manages social media accounts, you will still be able to reach consumers all over the world. If you’ve got yourself a true winning product or service, there’s a good chance that you’ll go viral and gain worldwide web coverage.
As the world wide web has spawned open markets, technological advancements have decreased costs, enhanced the quality, and increased access to individuals who are less mechanically or production-inclined. A small number of businesses today create 100% of their goods and services with company-owned facilities, equipment or employees. Technology has changed the landscape of conducting business and you can take advantage of them with much less expense.
In the past, those who are seeking capital will have to deal with often arcane and nonsensical rules and requirements. It was a time consuming system that don’t benefit both parties in any way. Today, starting a business can mean access to individual investors and even venture capital funds that are dedicated for investing in innovative ideas and companies.
And in this day and age, crowdfunding has become a thing. Entrepreneurs who are seeking funding can use services like Kickstarter and GoFundMe. Many great companies have been born through crowdfunding but you have to make sure that you deliver on your promise and your idea is actually worth funding.
The American Dream has always been to own a business and reap its rewards and benefits. If you are thinking of launching your business in 2016, we highly recommend that you do so.