Why 2017 Could Be the Year to Start Your Own Business

Why 2017 Could Be the Year to Start Your Own Business

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We’re already almost two months into 2017, and for many people, this year is the one that they want to transform their lives in. For many, this means finally giving up their boring office job, launching their own business and becoming their own boss.

The beauty of owning your own business is that with the right amount of grit, determination, and hard work, anyone can achieve this – it doesn’t matter whether or not you’ve got a university degree, or which social class you come from. If this seems like the perfect choice of career for you, then why not make 2017 the year that you become an entrepreneur?

More Funding Options

In the past, many would-be business owners were put off by the thought of applying to the bank for a loan in order to fund their new company. Previously, aspiring entrepreneurs with a poor credit rating would be deemed as too high risk, crushing their dreams of running their own company. But, in 2017, there’s little need for potential new business owners to worry about that. Funding options are more abundant than ever before, and with more and more businesses going online, start-up costs have decreased. You could fund your business with bad credit loans or even try crowdfunding!

Work From Home

Since the internet took over, there’s never been a better time to start a business. Today, there are hundreds of different business ideas that you can start online, from e-commerce stores selling a variety of products to comparison sites or even a YouTube channel or social media blog. When you start a business in 2017, there’s no need to worry about renting offices or store space, as many businesses can be run from the comfort of your own home (or anywhere else in the world) virtually.

Work/Life Balance

Getting the balance right between your professional and personal lives can often be tricky if you are working for an employer who ultimately has the final say in things such as how much time you can have off, or which hours of the day you will need to work. When you run your own business, however, you are in control of your own work/life balance, and if you need time off, you can pay somebody else to manage for you without having to get approval from your manager or employer first, since you are your own boss.

Earn More Money

Although it is certainly true that you should not expect your startup to be turning much, if any profit within the first few years of operation, that doesn’t mean that you should give up on your idea of starting a business. In fact, successful startups can go on to bring in huge amounts of profit, therefore doing without during the initial stages can certainly pay off in the future. Having your own business is still one of the best ways to achieve a passive income, with some industries more suited to this than others.

This year, there are many different reasons to take the plunge and start your business! What’s yours? We’d love to hear from you in the comments.

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