It’s a new year, and things are looking up! Here are some reasons why it’s a great time to start your own business:
- 2020 is over. The vaccine is rolling out and the pandemic will finally wind down. The business environment is ready to restart.
- Start looking now, and you’ll be in business as the economy reopens. It typically takes 3-6 months to explore your options and start a business.
- Pent-up consumer demand after a year of shutdowns.
- Less competition, as weaker businesses closed during the pandemic.
- Location, location, location. Retail vacancies won’t last long in the Bay Area!
- Great time to hire talented employees.
- Record low interest rates for business financing.
- Income potential. Scale your business empire with multiple units.
- Diversify your retirement portfolio.
- Build an asset that you can sell down the road.
- Achieve financial independence and early retirement.
- You’re the boss! Escape corporate politics and take control of your career.
- Freedom to work when you want, where you want, and how you want.
- You don’t have to quit your job to start exploring business opportunities. You can even start a part-time businesses and keep your job or have time for other things.
- Work / life balance. More time for family and to do the things you love.
- Franchises provide a proven business model, and the good ones have grown stronger during the pandemic.
- You don’t need experience. A franchise will teach you how to run the business.
- Choose a business model that’s both pandemic and recession resistant.
- Many industries and business models to choose from. B2B, education, fitness, personal services, home repair, automotive, light manufacturing, and fast-casual restaurants, to name a few. Find one that fits you.
- Join an established or emerging brand.
- Learn something new. Give yourself the opportunity to evaluate if business ownership is right for you, even if you decide that this isn’t the right time for you.
Starting a business requires research and planning, and I can help. FranNet has helped thousands of new business owners get started, at no cost to you. Let’s have a call to learn more and get started today!
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