The year is about to end and now is the right time to start developing business ideas for 2020. This is if you plan to delve into the business world.
Why Should You Start Your Own Business?
They say that some are born entrepreneurs. They knew at a very young age that they are going to be a business owner. Hence, they take the path of entrepreneurship and easily succeeds in it. However, this doesn’t mean that not everyone can start a business. Often, we just need inspirational reasons to consider becoming an entrepreneur.
I understand how intimidating it can be to desire to have your own business especially if you haven’t had one before. There are many uncertainties and plunging into the unknown can be scary. But what if I told you the long list of benefits of having your own business?
Flexibility
Think about not having to work on specified hours. Or how about not taking long trips to and from your office anymore? Sounds good, right?
Be your own boss
Let’s face it, we cannot avoid having clashes with our boss. Honestly, how many times have you wished to resign from your job if only you didn’t need the paycheck you get from it? When you start your own business, you are your own boss.
Do what you love
You won’t start a business that you aren’t passionate about, would you?
Set the work culture
What kind of environment would you like to have for your team? Well, you set your rules.
Create jobs
Imagine being able to contribute to the economy by providing jobs through your startup business. Plus, you are also helping others to have a decent way of living.
More Reasons to Start Your Own Business
Provide solutions to problems/needs
This is actually the most important reason to have a business. Personally, I love to provide a solution to the common problems that people encounter. In the case of my business, I want to help individuals to discover their full potential and start their own business with confidence and knowledge.
Financial independence
At first, you may have to spend a large part of your savings to start a business. However, with the right business plan and business coach, you will soon reap what you sow. This means getting more and more profits year after year.
Self-fulfillment
Wouldn’t it be a source of satisfaction to know that you went out of your comfort zone and succeeded in your own business?
Have more free time (eventually)
Of course, you initially have to invest time and energy in overseeing your new business. However, with the right systems in place as well as the right people, you will soon enjoy having more free time.
Prioritize what matters
Ask yourself, “Who do I dedicate my hard work to?” Your answer is obviously your deepest why, and what better way to show your love for them than to prioritize them? A stable business will let you earn more money and have more spare time. This means you get to share your time, energy, and money to the ones who truly matter.
5 Business Ideas for 2020
Now that you probably have found one or a few reasons to start your own business in 2020, it’s time to check out your options. Here are some business ideas for 2020 that you can start with zero to low capital, but can also be very profitable:
1. Vacation Rental
If you reside in a busy tourist area and you know homeowners who rent out their place but don’t like to put up with maintaining it, then you can work with them. There is a lot of advertising options for you to list these vacation rentals.
2. Online Selling/E-Commerce
According to Statista, E-Commerce accounted for $2.3 trillion sales in 2017. In fact, it is expected to hit more than $4 trillion in sales by 2021. This means that you can partake of this multi-dollar earning pie. Simply do your research about the products that people are buying online and start from there.
3. Tourism Guidance
Love traveling? I’m sure you will enjoy doing guided tours and earning income from it. Tap TripAdvisor or Facebook to advertise your guided tours services.
4. Bookkeeping
Bookkeepers and Accountants who dislike being trapped within the 4 corners of their office are now providing their services online. They get to build their clientele and enjoy flexible working hours.
5. Handmade Goods
Have you heard of Etsy? It is the largest online marketplace for vintage and homemade goods. So, if you love crafting, then you certainly can build your own brand in this platform.
Need Help Identifying The Best Option for You from These Business Ideas for 2020?
Are you serious about starting your own business this 2020 and would love to get professional advice? Then you better book your NO COST Strategy Session now! Let us unlock the right business opportunity for you this coming new year.
