What better time than the present to start your new company? Seriously…why not?
“It’s too hard to start one.”
No it’s not. There are companies out there that handle all the work for you and help you choose between a sole proprietorship, partnership, corporation, or LLC.
“It’s too expensive.”
No it’s not. You can do all the paperwork yourself and only have to deal with the licensing fees and such or again, you can get in touch with one of those company forming entities and lay down $500 or so and have them do it.
“I don’t have time.”
Really? Is “Wheel of Fortune” keeping you from achieving financial independence?
You don’t have to aim for the stars to get your own company going. Don’t think you have to compete with Microsoft, Target, Chevrolet…whoever it may be in order to succeed with your own company. There are so many niche things out there that you can do. Better yet, do what you like…and get paid for it.
Do you like to sew? Do it…sew to your heart’s content and then sell your goods online, at a flea market, at a consignment shop.
How about programming? I’ve seen some simple programs be the foundation of companies as they’ve grown over the years. You can do it too.
Photography? Design? There’s a need for that, both digital and print.
I just want to emphasize that you don’t need to make $100,000.00 a year with your new company to be successful. Wouldn’t it be nice to make an extra $20,000.00/year just by doing what you already enjoy doing? So why not do it? With unemployment rates the highest they’ve been in the past 14 years, it’s worth a shot. At least you’ll be pulling in some revenue in the unfortunate case of getting laid off. This can help you survive until your next gig. It can also hone your skills as you look for something new. If nothing else, it’ll show potential employers that you’ve got the will to succeed. It also affords you the luxury of not having to find such a high paying job out in the market place as you’ll already have this side gig bringing in supplemental income. That means you can have more jobs available to you as you get to lower your starting salary range.
Go on. Get out there. Start a new company. Many giant companies started in dorm rooms, in garages. If you want to be the best, there’s hope. If you want to keep it simple and simply have a supplement to your income, keep it small. It’s that easy. There aren’t many good reasons out there why you shouldn’t have a business of your own right now. Start up and have fun!