There are many reasons why people are attracted to starting their own business. Freedom, the ability to create something that will grow, and the potential to make more money are a few of the most common reasons. Many people have a dream of owning a specific business, but very few will take that leap of faith and actually go ahead and set it up. Starting a big business that requires major overheads and investment is beyond the means of the majority of ordinary people; however, starting a small business is within the reach of almost everyone.
Starting a small business means you are able to get onto the business ladder without needing to invest an enormous amount of money or make any major commitments. It also means you can get it set up and started much quicker – which in turn means you will be able to start making money sooner. The risk for starting a small business is significantly lower than the risk involved in opening a bigger business. Small businesses can be run from home – which lowers the amount of overheads dramatically.
With no extra rent or utility bills, and the ability to use your existing phone, computer and internet set-up you are able to get your business started with no real risk. Running your small business from home also means you do not have the extra expense of commuting. A small business can generally be run by just one or two people, which means no need to hire extra staff, deal with payrolls and other complicated areas that larger businesses face.
A small business is easier to run and control for one person. It is easier to keep track of everything that is going on in your business when it is smaller and you are running it from home. Starting your own small business is the most effective, safest way to take your first step to independence and freedom.