| Why Starting A Small Business Is Easier Than You Think

Posted in Small Business at 9:00 AM by Loftis Consulting

It would seem everyone is in business nowadays. Big corporations shine in the spotlight and little businesses are popular on the blocks they were founded on. Yet it doesn’t have to stay this way due to the amount of businesses springing up around the country, in less traditional ways than seen before. Starting a small business is no laughing matter, but that doesn’t mean it has to be difficult as well. Sure you might face some challenges in your new job, but that’s all part of the process. Overcoming them will make you successful, and show yourself you’re in this for the long term. So here’s a few reasons why establishing your own small business is a much easier feat nowadays than ever before.

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Because Business Plans Don’t Need To Be Long

There’s an art to writing a business plan. However, it can be done by everyone, and it doesn’t have to be sprawls and pages of writing either. If you have a short business plan, a single page for example, you’re more likely to stay in business for longer.

This is because you’ve kept things as simple as possible, which as a result means your costs will be low and manageable. Ask yourself a few questions before you put pen to paper, or more likely finger to keyboard, and brainstorm a little.

 

Do you know where you want to go?

Is there a goal for the future you want to hit?

What kind of budget do you need to keep to?

 

Questions like this mean you have an actual plan for your company, and aren’t just detailing every little thing because you can.

 

Because You Can Get Specialized Loans

As a small business, whether you be a sole trader, in a partnership or otherwise, there’s a lot more financing options to turn to than you think. Grants such as administration loans and alternative lenders who invest in you mean you don’t have to make a profit off of your own back alone. There’s even government programs open to you if you qualify for them.

To go into some detail, if you’re thinking of starting a small business; once you’re in sales for a little while and can prove you have good credit, you can apply for a small business line of credit. It’s a different type of loan that allows you access to capital whenever you need it, and there’s no interest on the money or need to pay it back when liable.

 

Because You Can Go Online

The internet has made buying and selling so much easier. Gone are the days when word of mouth advertising and having to make the effort to walk into stores to get what you wanted. With a business online, you’ve dramatically increased the market you can sell to just by creating a website.

After considering these main three reasons, there’s a lot of stock to put into the idea that starting your own business is less of an obstacle than you think.

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  1. […] you may find yourself testing the water with a range of different areas. Whether you choose to start a business in an area that you’re experienced in, or something that you’re passionate about, you often […]

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