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3 Reasons to Start a Business Online

There has never been a better time to start your own business online then now. Many people have the want to start a business, but never get started because they feel it’s too costly and even worse, difficult. There are numerous ways to make money online these days with all the information out there. Whether paid or free you have the necessary tools to get a business online up and running. Social media has allowed many people from all walks of life to connect with the click of a button. You have the opportunity whether you have money or no money to connect with people for free. Starting a business online does not have to be a headache. With the right tools and resources you can get your business going in no time.If you are someone on the fence about it hopefully this post will get you started, because the best time to start is now.

Why You Should Start a Business Online?

Reason #1 – Low Cost to Get Started

Starting a business online is fairly inexpensive compared to most other business start-ups. Depending on the route you want to take online you can get your business up and running for less than $100. Once you have everything set-up your only issue would be to generate traffic and start building your list to sell to your target audience. You have the ability to eliminate huge costs associated with an offline business like shipping, inventory, and employees. With a business online you can create your own products. People can just download your product instantly and you get paid.

Reason #2 – Automation

One of the big reasons you should start a business online is the automation factor. Almost everything online can be automated once your business is up and running. This gives you the ability to have free time to spend with your family, travel, sleep, or do anything you want. You can automate traffic, orders, delivery, and even your blog posts if you have one. Once the work is complete, automation will do the rest. This is huge and this is the reason many marketers online today enjoy doing what they do.

Reason #3 – Uncapped Income Potential

Having your own business online allows you the opportunity to make money with no cap. Whatever you want to make per day, per month, per year, is at your disposal. Try doing that working for someone else. It’s highly unlikely you have that choice. But with a business online if you learn how to make a few tweaks, learn a new strategy, or scale up in your business you can increase your income much faster than you would working for someone else. Your business operates 24/7 without having anyone there. You can money while you sleep. It takes lots of work like any other business, but the payoff can be huge. You must create a plan and stick to that plan daily. If you are looking to start a business online these reasons should fuel your desire to get starting now. The only way to know is to know and that requires action.

Finding Time to Start a Business

One of the 1st things we look at during my Amazing Business Creation Workshops (in fact, its part of the pre-work!) is actually making time to start planning your business – sort of ‘getting ready to get ready’!As working mums we can often feel like we have very little time to do any of the things WE want to – and so often I hear women tell me they’d love to start a business ‘one day’ but they just don’t have time right now.Well, I have news for you – you will NEVER have the time to start a business (or any of the other the things you want to do) unless YOU take serious action to MAKE it!

You see, your time is like a vacuum. As soon as you free some of it up, it naturally gets filled with something else – and if YOU don’t determine what that is yourself, I’m afraid it just gets occupied by ‘stuff’. ‘Stuff’ that’s about as useful for getting you where you want to be in life as a chocolate fire guard.Think about it – your mum/friend/partner offers to watch the kids for a couple of hours. What do you do? Do you find yourself complaining to your friends that you don’t know where the time goes? Because you spent the whole time sorting laundry/washing up/picking up toys/sweeping the bits off the floor, only to have to do it all again an hour after they get back?

What if you spent that 2 hours really focusing on one particular goal that you’ve had for ages (like starting a business!)? What if you left the other ‘stuff’ until the kids had gone to bed and you knew it was going to stay ‘done’ at least until they get up again?!It’s difficult isn’t it? It’s very easy to get totally caught up in trying to be everything to everyone – trying to be a supermum – but there really does come a point where you have to make some decisions about what you really want for you and your family IN THE LONG RUN.Now, seeing as you’re reading this, I’m assuming you’ve made the decision that you would like to take steps to find a better work/life balance, and to do that by starting a business. I’m also assuming that your no. 1 priority is your family.

The Benefits of Buying an Established Business

The dream of business ownership is alive and well these days, especially in Colorado. As of 2015, the state is home to nearly 600,000 small businesses which employ almost 1,000,000 people! Every day you hear about a new start up being launched or a company taking its headquarters to Colorado. Business is good! So for today’s discussion, we thought it would be important to address the benefits of buying an established business over starting a business.In Colorado, 52% of small businesses fail within the first four years of being established (as of 2016). But this percentage dramatically decreases with the purchase of an established business for a number of factors which we will discuss below.

Proven Business Concept. Buying an established business is simply less risky than starting a business of your own. The concept has been proven to work and has a track record of that success. This also comes in handy when it comes time to finance the business; banks are much more willing to lend to a buyer with a proven concept than fund a start-up business.

Established & Recognized Brand. When purchasing an established business, there will already be a brand in place that is recognizable in the community and has a history and reputation behind it. It is much easier to market an established business to a community than to market a new business.

Staff in Place. Hiring employees is time-consuming and costly and within the realm of a start-up business, every penny counts! An established business comes with staff in place that has already been hired, trained and developed to operate the business. These employees will not only be able to help you transition into your ownership role they will also provide you with a more flexible schedule to focus on business strategies and family.

Customer Base. An established business has had the time to develop customer relationships and a loyal following. Which means the business will benefit from revenue from the time of purchase on. With a start-up company, the owner will have to work much harder to gain traction within the community and attract customers.

Growth & Planning. Instead of working to make your start-up business viable, as the new owner of an established business, you will be able to focus on scaling and strategic planning. This factor alone can alleviate a large piece of the risk and stress of a start-up business.