Vesta Digital Blog

Why You Should Start a Business Right Now

Posted on: January 13, 2011

Why You Should Start a Business Right NowEntrepreneurship can be terrifying. Venturing off on your own can be a scary step and it’s important to be confident in what you’re doing. If you’re tired of working for someone else, the suffocating limits, and lack of moneymaking opportunities, you should seriously consider the world of entrepreneurship.

Rosalind Resnick, author of “The Vest Pocket Consultant’s Secrets of Small Business Success,” wrote a great article featured in the Small Business section of The Wall Street Journal. The article is truly inspirational and has hard facts about why entrepreneurship could be the best route for you.

Liberation at its finest

Entrepreneurship can be the key to liberating yourself from that dreaded cubicle. As a small business owner, you’re free to “unplug and work anywhere there’s WiFi reception,” Resnick says. You have the luxury of working where you please–which can increase your efficiency and ability to focus on the crucial tasks at hand.

Give yourself a raise

If you own your own business, you call the shots and you take on all the risk. There’s no limit to your salary and a raise can be dictated based on your own actions and the opportunities you create for yourself.

“While getting a business off the ground is never easy, every dollar that you put in and every hour that you work is an investment that returns profit back to you,” Resnick says.

If you still feel uneasy about the idea of taking on the world with your hands in your empty pockets, think of it this way: a “real” job may only last about four years, and you’re not getting paid enough. If you own your own business, you’re absolutely entitled to reap the benefits of your work. Answering to someone else can only stifle your true capabilities.

Write offs!

If you’re the kind of person that responds better to hard numbers rather than abstract ideals, here’s some information you might want to pay attention to. Recent changes in the tax laws make business expense deductions pretty sweet. “Under expanded bonus depreciation rules, qualified investments in fixed assets, purchased between Sept. 9, 2010, and Dec. 31, 2011, can be fully written off for federal tax purposes,” according to Michael J. Goldberg of New York’s Ganer, Grossbach & Ganer LP.

All in all, starting a business isn’t about the benefits, or the adventure, it’s about you. You can use your small business as a test to show your true potential. Take some risks and see what you can do.

Distributed by IntelBuilder Social Media Platform

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