5 Reasons for Starting a Business NOW!

There are a million reasons at your fingertips to avoid buying a business, but do they win out over reasons for starting a business? Consider where the warnings are coming from and why. If the warnings are coming from industry experts, for instance, you might listen more than if they are coming from your friends or family. While friends and family are great sounding boards for ideas, they might not always understand your business plan or the investment and risk necessary to achieve your entrepreneurial goals.

Buying a business can be extremely rewarding if you’re willing to put in the time, work, and initial investment. Here are the top five reasons for starting a business:

1. Job Security – Being an entrepreneur means only letting go or quitting when you decide on that course of action. So one of the main reasons for starting a business is that you’ll never be fired or laid off due to economic hardship. You could potentially have the same job for your entire life, running a business that is not only under your leadership but also feels like a passion rather than a job.
2. Tax Benefits – Tax breaks and perks are always welcome, right? Entrepreneurs and freelancers are able to write off many expenses such as a phone or internet bills, travel, food, car payments, etc. And some businesses can even apply for a government incentive.
3. Flexible Time – Initially, this might not seem like one of the reasons for starting a business. After all, building one from the ground floor requires a lot of time for relatively little pay. But when you pass beyond that initial stage and begin to master your schedule, you can work the hours you desire.
4. Financial Independence – This is one of the biggest reasons for starting a business. Everyone wants some level of financial stability and independence. Stockpiling for retirement, buying toys or going on vacations, and amassing wealth are all more possible when you own a business. But just because it’s possible doesn’t mean it’s easy!
5. Legacy – Most people take on lifelong jobs that deliver no lingering security or benefit to their kin. Whether you are a doctor or teacher or snake wrangler, your children generally don’t have an automatic job in the same industry. But buying a business can mean building a dream that surpasses your lifetime and extends into the life of your children, and even their children after that. You have the capacity to create a legacy and provide your family line with stability.

Has one of these five reasons for starting a business caught your attention? There’s a whole world of potential waiting for the right minds to cultivate it. Start by considering buying a business in the industry you’re passionate about. Sunbelt Business Brokers can help get you started, contact us for more info!