Deciding to break away from the pack and walk out on the corporate world to start your own business is a big decision. You know it will require more work and dedication, and it comes with a high risk that you must face without the safety net you may have had when working inside another company. I believe in the saying, “Timing is Everything” and here are five reasons why I think the timing is perfect to start a business right now.
1. No Lifeguard At The Employee Pool
One of the benefits of massive lay-offs and a high unemployment rate is that you have a very large selection of qualified candidates looking for work, and you can probably get them CHEAP! Most people are willing to take a small pay cut simply to get back into the work-force, and could be interested in getting in on the ground floor of a business opportunity that has potential. Another possibility is getting very qualified employees for part time work. Many of my friends have decided to take this time after being laid off to return to school, and are getting part-time jobs to help with costs until they finish. Look around and you will find quality employees to help your business succeed.
2. Costs Are Down
Everything is cheaper right now, and you can find great value in almost every market. Whether you are starting a home based business or looking to set up your own shop, there isn’t a better time to find office space, real estate, equipment, supplies, and construction at a very good price.
3. Companies Are Playing The Field
Almost everyone has been affected by the recession, and that includes everyone from large corporations to smaller home based operations. As a result, many companies are looking to change suppliers or vendors in order to save money, which creates a great opportunity for new business. These companies are going to be more receptive to hearing what you have to offer them now that they are looking to cut costs and possibly cut ties with current suppliers, partners, or vendors.
4. Death and Tax Breaks?
Owning your own business offers a variety of tax benefits that aren’t available to employees, and let’s be honest…who doesn’t love a good tax benefit!
5. Unlimited Income Potential
As a business owner, or someone looking into current business opportunities, you set your own income. Obviously, while you are trying to get the business off the ground you may have to put all the money towards business expenses and your income may be nothing. However, the ceiling is unlimited and you are in control of your salary.
5 and a half. What Else Are You Doing?
Seriously, what else are you doing? If you’re still reading this then you’re already thinking about doing it. Maybe you’ve lost your job, or maybe you just want to be your own boss and start something that is yours. Whatever the reason is I say go for it. BusinessOpportunity.com has numerous resources and opportunities to help get you started.