3 Reasons Why 2018 is a Great Year to Start Your Own Business
MUNCIE, INDIANA –
BLOG – After making countless New Year’s resolutions over the years to (choose at least one) lose weight, exercise daily and clean out your garage, this time around your plans are a little more ambitious: You plan to start your own business.
While you didn’t quite keep that promise to ditch the Oreos and overhaul your garage with new cabinetry, opening your own business speaks to you in unmatched ways; after all, you feel a tinge of excitement when you remember you can be your own boss, set your own schedule, and (hopefully) earn a big-time income in the process.
Fortunately, 2018 is looking like it will be a great year to start a new business. Here are three reasons why this is the case, as well as some resources you can implement to get your new business off the ground.
1. The Economy is Solid
Taken a look at the stock market recently? It’s no secret consumer and business confidence is growing and the good news is expected to continue into 2018. In fact, experts predict the economy to grow by as much as 3 percent next year. Should this prediction hold true, the U.S. economy will have the best two-year stretch in more than 10 years.
Potential tax reform measures are also expected to keep confidence levels high. With business tax obligations expected to fall in 2019, owners can start expensing their investments next year. Of course, keeping a new business afloat is no easy endeavor. But starting one when the economy is growing can help you reap enormous benefits in the short and long term.
2. You Have Plenty of Resources at Your Disposal
Not that long ago, a budding entrepreneur like yourself had to shell out the money to rent a brick-and-mortar location for his or her company and hire a marketing team to get the word out.
These days, however, it’s possible to open a business by creating a mobile-friendly e-commerce site that will allow you to sell your goods and services. From there, creating pages on Facebook, Twitter and Instagram can help your business grow a large following, as well as keep consumers and prospects alike interested in what you have to offer.
And, thanks to cloud backup protection services like Mozy, you can easily keep your data safe and secure. For example, MozyPro lets you schedule backups to run daily, weekly or monthly to prevent your fledgling business from losing even a day’s worth of important documents and files.
By investing in online backup protection services, you can rest assured knowing your company’s data will stay safe while you focus your energy where it really matters: getting your company off the ground.
3. You Don’t Have to Reinvent the Wheel
Of course, you typically don’t have to reinvent the wheel when opening a new business. Instead, take an honest look at what may be missing in your community and then find a way to provide that product or service.
Have a passion for baking? Then let your community’s scarcity of confectionery shops inspire you to launch your own bakery perfect for weddings, birthdays, graduations and other celebratory affairs.
The same idea rings true for any type of product or service you’re looking to provide, as you don’t necessarily need to think up a new or revolutionary business idea; you just need to know what might benefit your community at-large.
Go Ahead, You Can Do It!
As the calendar flips to January, let your friends start 2018 swearing off cookies and soda, because you have bigger fish to fry. By taking advantage of your own skills and passions, a strong economy and some available resources and tools, you can turn your resolution into reality and become a business owner.