The BizFilings blog covering business tips and trends.
Looking for Reasons to Start a Business?
Published on Nov 16, 2010
Read 'Looking for Reasons to Start a Business?' at 'Time to Start Up,' the small business blog by BizFilings.
Are you looking for reasons to start your own company?
OnStartups.com gives you plenty of them. Jason Baptiste provides some great insight into starting your own business worth repeating:
It's a once-in-a-lifetime experience. As Baptiste puts it, "Doing this may be hell at times, but boy is it fun. It's an adventure that you will remember for the rest of your life whether things go very well or things go poorly." If you love adventures, starting a business may top them all.
Control lies in your hands. An idea that's been rolling around in your head for some time can actually be launched into something more concrete. How cool is that? As Baptiste points out, "There's a good chance it's something that will have an impact on a large number of people ... millions of people around the world. That wasn't something many could achieve, even 20 years ago." Ain't that the truth.
Press and public relations are not impossible. In fact, drawing attention to your product and service can literally happen overnight. "Now a great product with a well-crafted story can blow up overnight and get the attention of mainstream media+the tech elite. Take a look at Chat Roulette. Though it's not a shining example of a great business, it is a shining example of the attention that a company can get press overnight," explains Baptiste.
Capital is there if you need it. Once you have launched your business, there is capital available to grow your business, especially when you form an LLC or other business entity.They may be perceived as a more legitimate business than a sole proprietorship or general partnership. And as Baptiste says, "The capital raising world is going through an interesting transitionary period. Since entrepreneurs need less to get to certain milestones, a new class of investors have sprung up, leading smaller and smaller deals."
To see Baptiste's full list, visit www.OnStartups.com.
What would you personally add to this list as to why you started your business?
P.S. Did you know Global Entrepreneurship Week started yesterday? Join millions of people around the world to celebrate innovation, entrepreneurship and creativity. To learn more about this event, which runs through Nov. 21, view this video.