Every year, entrepreneurs in the United States launch over 627,000 small businesses.

Have you ever thought about becoming a business owner? If so, 2020 is the year to turn your dream into a reality.

Listed below are seven reasons to start a business this year. You’ll also learn about some businesses that make money right away that you might want to consider launching.

1. Unlimited Earning Potential

When you work for someone else, often, there’s a cap on how much you have the potential to earn. If you’re not happy with that cap, starting your own business might be the right move.

When you start your own business, you have almost unlimited earning potential. There are always new ways that you can leverage your gifts and business offerings to bring in more money.

This isn’t to say that you can become hugely profitable overnight. However, there are tons of opportunities and options for you that will set you up for long-term success and more financial stability than you may have had otherwise.

2. Pursue Your Passions

Are you passionate about your current career? Does it nourish your soul? Do you go home feeling satisfied at the end of every day?

If this isn’t the case for you, it may be time to do something else. That something else might be running your own company and doing something every day that does fulfill you.

If you’re passionate about something and can turn it into a profitable business, you’ll feel much more satisfied in your day to day life.

It’ll still take hard work and dedication, of course, and there will always be certain aspects of the job that are difficult. In most cases, though, you’ll be much happier working for yourself than you would be continuing to work to put money in someone else’s pocket.

3. Create a New Lifestyle

Does the 9-5 rat race not suit you? Are you tired of driving to the same office and doing the same tasks every day? If this isn’t a good fit for you, being your own boss and running your own business might be.

As a business owner, you’ll wear many different hats and will have lots of different responsibilities to tackle each day. You’ll also have the opportunity to work from home or anywhere else you’d like, as long as you can stay in touch with your team.

4. Help Others

Running a business gives you a chance to solve a problem and help others. Have you noticed a particular pain point (either in your current industry or in a different one) that you have a way to solve?

Think of how many people could benefit from you developing the courage needed to take the leap and launch your company? If you’ve always wanted to help others, being a business owner is a great way to do so.

5. Learn New Skills

As was mentioned above, business owners have to wear several different hats.

When you start your own business, you’ll likely take on a lot of the roles yourself, at least in the beginning. This gives you an opportunity to learn new skills, from marketing and design to coding and customer service.

You’ll have many chances to grow and become a better version of yourself throughout your career, and you’ll never have to worry about feeling stagnant.

6. Create Jobs

Starting a business isn’t just about helping your customers and solving problems for them (although that is, of course, a big part of the job). You also get to help people by providing them with jobs.

As your company grows, you’ll be able to hire others to help and take over some of the tasks that you don’t want to or are unable to do on your own.

Remember, too, that being a boss gives you a chance to rewrite the rulebook. You can create the kind of company culture you always wanted to be a part of yourself, and you can play a key role in helping someone find a position that they love and feel passionate about.

7. Take Advantage of the Changing Landscape

These days, it seems that there are more entrepreneurs than ever before. This has to do, in part, with the fact that the landscape is changing. You don’t need to be a millionaire to start your own business.

With all of the free and low-cost resources available online, it’s easy to start a business from the comfort of your own home. As long as you have a computer and internet access, you have lots of opportunities to make your dreams come true.

It’s not too late for you to become the entrepreneur you’ve always envisioned yourself to be.

Businesses that Make Money Right Away

Okay, you can see why starting a business might be a good idea. You might be wondering, though, what kind of business you should start.

There’s no one right answer to this question. However, if you choose a business that is known to be profitable and start earning money soon, you won’t have to worry as much about things like covering company overhead.

The following businesses are all very profitable and can help you earn money soon after you launch:

• Accounting, bookkeeping, and/or tax preparation
• Real estate rental
• Business consulting
• Courier services
• Cleaning services
• Personal chef services
• Tutoring
• Web development and/or design
• Marketing

Do you have skills in any of these areas? If so, you may want to consider selecting one of them as your business of choice.

Is Starting a Business Right for You?

Are you convinced now that starting a business in 2020 is the right move for you? Are you considering launching any of these businesses that make money right away?

Startups & Funding

All of these would be great business options for you to consider, especially if you want to hit the ground running.

For some helpful business advice to teach you the ins and outs of running a company, don’t forget to visit the Business section of our site today. It’s full of useful resources for budding entrepreneurs and seasoned veterans alike.

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