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:

  1. 2020 is over. The vaccine is rolling out and the pandemic will finally wind down. The business environment is ready to restart.
  2. 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.
  3. Pent-up consumer demand after a year of shutdowns.
  4. Less competition, as weaker businesses closed during the pandemic.
  5. Location, location, location. Retail vacancies won’t last long in the Bay Area!
  6. Great time to hire talented employees.
  7. Record low interest rates for business financing.
  8. Income potential. Scale your business empire with multiple units.
  9. Diversify your retirement portfolio.
  10. Build an asset that you can sell down the road.
  11. Achieve financial independence and early retirement.
  12. You’re the boss! Escape corporate politics and take control of your career.
  13. Freedom to work when you want, where you want, and how you want.
  14. 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.
  15. Work / life balance. More time for family and to do the things you love.
  16. Franchises provide a proven business model, and the good ones have grown stronger during the pandemic.
  17. You don’t need experience. A franchise will teach you how to run the business.
  18. Choose a business model that’s both pandemic and recession resistant.
  19. 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.
  20. Join an established or emerging brand.
  21. 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!