Start a Business Now

As the Internet has spawned open markets, technological advances have driven down costs, improved quality, and increased access to those who are less mechanically or production-inclined. Scores of specialty manufacturers are available, whether on the next block or half a world away. Robotic machines can cut, mill, weld, shape, and paint materials of every sort to the most demanding specifications. Third-party logistics companies can source, store, and deliver products of all sizes, fragility, and duration at low cost in local and remote facilities.

Even more personal and intimate aspects of business, such as customer service and technical support, can be provided transparently and multilingually from foreign lands. Software translators can interpret and simplify the most complicated computer language, expanding its utility and providing extraordinary computational power to the most technology-averse users. Printed materials can be provided remotely, on-demand by customer-owned printers; art and photographs can be manipulated easily by sophisticated programs available for free over the Internet; and one-of-a-kind physical prototypes to complete parts and models can be created from multiple materials by 3D printers.

Technology has changed the face of employment across the world, introducing telecommuting , job-sharing, and video conferencing to the old world of centralization, standardization, and limitation. Entrepreneurs selling their services and talents, whether business consultants, administrative specialists, artists, or writers, can efficiently serve clients and customers as easily as before with much less expense.

Historically, a person with an idea for a new business, but no money, had to go hat-in-hand to those with capital, begging and pleading for an investment. The process, including presentations, exhaustive explanations, and multiple projections, more often than not failed to achieve the sought-after funding.

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To their chagrin, entrepreneurs learned quickly about the financial golden rule: Those seeking capital were required to deal with arcane, even nonsensical, rules about who could be solicited, the amount of funds that could be invested, and how the money could be used. It was an expensive and time-consuming system that served neither entrepreneur nor investor.

As a consequence of extensive and expensive regulations, many entrepreneurs simply gave up or fell prey to unscrupulous promoters and con artists who flourished as a result of the inefficient enforcement of complicated laws. Though investors still have to prove the merit of their ideas, their options for funding are greater and the process, generally, is less convoluted. Relaxed government regulation has generated a new industry dedicated to start-up funding with at least two different approaches.

A donation-based model is attractive to investors who share common social goals or seek products, perks, or rewards in return for investment. For example, a band or an author might provide royalties in return for investment, or a restaurateur might discount meals or provide special seating. In investment-based models, on the other hand, ownership stakes or debt are sold online so those who invest become shareholders in the funded enterprise.

Final Word

A few notable websites for entrepreneurs seeking funding include the following:. Of course, if the business idea or the proposed management — you — cannot justify an investment, starting a company is not a good idea.

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As a consequence, the potential investment pool for start-up companies was dramatically expanded. Although tax laws are in constant flux, Congress has shown a willingness to accommodate and encourage small business ownership. Use of the home office deduction was simplified with an alternative deduction method.

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Also, increased limits for contributions and benefits of qualified retirement plans, and increased credits for employee health insurance are among the regulations. Plus, the likelihood is high that favorable regulations on accelerated depreciation and the multiple-business credit which expired in will be extended before taxes are due. Business owners with fewer than 50 employees are exempt from provisions in the Affordable Care Act of requiring certain companies to provide employees with health insurance. Why not try making it yourself?

With patience and skill you might end up brewing something that others are willing to pay to drink. As long as there is still the written word, there will always be editors. Freelance editing and proofreading not only pays a decent hourly wage, it also gives you the chance to read about potentially interesting topics too.

Many people give up on their faulty laptops, mobile phones, or cameras without even looking into the cause of their malfunctions. If you have the skills to fix them, consider starting a side business refurbishing and reselling used electronics. Got a thing for numbers? There is a treasure trove of valuable items being thrown away by big box stores around the world. Hourly wages for novice copywriters are not very high, but with experience and a great portfolio, you can start charging more than you make at your normal job.

Once you build up a reputation and client base for yourself, it could easily turn into a full-time endeavor for you. Yoga is getting ever more popular, which means yoga instructors are more in demand than ever. Pursue emotional and physical balance with others, during your free time while helping your bank balance, too. If your mastery of another language is good enough to have the grammar and spelling down, translating is a great side business to set up for yourself and can be done remotely.

Live in a destination where travelers frequently visit? If you love meeting new people from around the world and also love the city you live in, starting your own local tour business will give you both of those perks. Creativity can be lost along the way in many professions.

You might have a great idea written on a torn piece of paper on your desk.

65 businesses you can start while working your day job

The farthest point in the world is only a few clicks away. To put it in perspective, this infographic from Search Engine Journal will show you just how many people you can reach online. Although the list is in no particular order, the connections you will make as an entrepreneur are stronger than the usual relationships that you have with your friends.

Not once has an entrepreneur been able to keep moving forward with their idea without the help of their fellow entrepreneurs.

6 Reasons You Should Start Your Own Business Right Now

Regardless of how much you prepare for the future, starting a new company will always bring unexpected events into play. The expertise of other entrepreneurs can easily prove to be life-saving, even though they may not work in the same field. Sometimes, you have to think outside the box, and surrounding yourself with entrepreneurs working in other domains can be just as lucrative for you as it is for them.

A decade ago, starting your own company would have cost you an arm and a leg. Today, not only is it cheaper to find hardware solutions to cover your initial needs, but software might even be free. Setting up your company has never been easier. The biggest advantage is that such an agent can take away most of the legal and bureaucratic work, allowing you to focus on more important issues.

When it comes to software, there are hundreds of frameworks and databases that can suit your needs.