by Brad Sugars
©
2009
http://askbradsugars.com/
-or-
http://www.businesscoachbook.com Do
you have one good reason to start your business right now? How
about 10? Regardless of what people around you may say,
right now is absolutely the best time to get into business, and I'll give you
10 good reasons "why" - no matter what other people or the media say. If
you don't believe me, just go back and look at the slowdowns throughout economic
history. Most recessions in the post-World War II era U.S. last just an average
of 10 months, followed by growth cycles that last an average of 50 months. What
this means for the start-up is there is no better time than right now to get going
and start pursuing your business dreams - in anticipation of the next period of
growth. - First, everything is cheaper. There is great value right now
in this and in world markets. As asset prices have been knocked down, there is
no better time to get into the real estate or financial markets, or even heavy
equipment and construction. Some people have waited years to find value in these
markets - and now that time has come.
- You can hire more team and
better qualified people. In an era when big companies are laying off, you can
find great resources at affordable rates. There are plenty of engineers, accountants
and attorneys looking for their next opportunity.
- People are looking
to change suppliers. From a cost perspective, everything is "on the table"
for most companies. If you can come in with greater value even if your prices
are higher, you have a good chance at winning new business.
- Ownership
equals tax incentives. Business ownership offers a variety of tax benefits that
aren't available to employees. While taxes should never be the sole reason to
go into business for yourself, it should be one reason to add to you "benefits
of business ownership" list.
- Family and friends don't want
to (or can't) invest more money into the stock or real estate markets. That means
they may be willing to finance a portion of your new venture, or the expansion
of an enterprise that has proven itself over time. The main benefit is that they
know you and have a relationship with you - and if you have a solid business plan
that delivers real numbers, the chances of raising the capital you need increase
exponentially.
- Suppliers are giving better credit. Because the
credit markets have virtually shut down, the business-to-business credit flows
are keeping money circulating out of sheer necessity. That means a bullish outlook
for companies looking for good terms on stock and/or inventories. The main advantage
is that all parties have more incentive than ever for finding true "win-win"
situations that allow for cash and stock flow. When everyone is looking to survive,
great deals can be had.
- You can get good PR by showing you are
"going against the trend." If you are optimistic by expanding or getting
into business now, you would be in that category. That means you can generate
some great PR by demonstrating your "alternative" view of the market.
- You
can buy everything you need at auction. In addition to everything being less expensive,
you can find great deals at auctions, especially in terms of any large equipment
and office furnishings. Auctions are also a great place to find hardly used or
"gently" used restaurant and bar supplies at great prices.
- You
can find great "low money" or "no money" down deals. This
is simply being aware of good opportunities others have messed-up, and finding
deals where you could get an entire business simply by taking over a lease (along
with all the equipment). Many business owners want out at "any cost,"
meaning you can negotiate great "win-win" deals.
- You've
lost your job and you have to do something. Sometimes, the best business decision
is the one you are forced into. There's nothing wrong with being in this position;
it just means there is greater urgency to do something that will start to generate
income as quickly as possible.
There you have it.
There is no better time to start than the present. So get
going. Not only will you fulfill your entrepreneurial desire,
you'll find opportunities you couldn't have imagined, and you'll also be facing
a lot less competition.
Credit:
About the Author: For more information
on Brad Sugars please visit:
http://askbradsugars.com/
-or-
For
more information on Business Coaching please visit
http://www.businesscoachbook.com
Related
Information: NBA
Benefit Provider - AgriPlan/BizPlan NBA
Resource Article - `Start'
Starting your Own Business NBA
Resource Article - Start
Your Home Business Today? Reprint
of this article does not constitute an endorsement by the National Business Association;
the article is for informational purposes for our members and viewers of our Web
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