The United States is a nation of small and medium-sized companies. According to the 2010 Census, at that time there were nearly 28 million small businesses registered across the country, versus just 18,000 large companies employing more than 500 workers. Many of those entrepreneurs and small business owners launched their enterprises to take control of their own economic destinies. The end of the year is a natural time to contemplate improving financial well being. For anyone who wishes to pursue a passion, navigate a career change or simply earn supplemental income, starting a business in 2020 is one of the best ways to accomplish those goals.
Become The Boss
Some people are hard-wired to be their own bosses. They may resolve every year to break free of the restrictions of working for someone else. For many such individuals, 2020 could be the year to follow through on those resolutions. However, you may struggle to be your own boss. Fortunately, you can put those struggles to rest with the right advice.
There are four main avenues available for becoming an entrepreneur or small business owner: signing on as an agent for an established brand, taking on consulting work, becoming a franchisee or launching a full-fledged small business. For people who want to experience the satisfaction and independence of business ownership without taking on the heavy lifting of starting a business from scratch, partnering with a direct sales company may be a good fit. With training and mentoring resources available from the beginning, you can start making money with Amway in no time while still choosing your own hours and being your own boss.
Enhance Work-Life Balance
Every year, many people resolve to enhance their work-life balance. Becoming an entrepreneur or small business owner in 2020 is one of the best ways to achieve this goal. It’s true that the demands of self-employment or business ownership can be a challenge. However, one of the major advantages gained by people who quit the nine-to-five routine is flexibility in setting their own schedules. Many successful entrepreneurs and small business owners develop the discipline necessary to set aside family time, maintain social lives, and establish healthy eating and exercise routines, along with developing their enterprises and companies.
Franchisees and business owners who partner with established brands often have an easier time maintaining work-life balance, because they have the advantage of working with established business practices. At the same time, they enjoy the reward and satisfaction of putting their personal stamp on their companies as they grow. They take pride in offering their favorite healthy office snacks and create custom wellness plans.
Reduce Financial Stress
Financial hardship is a major source of stress among Americans. According to a recent survey published by the American Psychological Association, more than 60 percent of Americans who participated in the survey stated that they were stressed over their financial circumstances. The study also found that financial stress contributed to nervousness, anxiety, irritability, anger or fatigue among more than one-third of survey respondents.
Starting a small business in 2020 is an excellent means of alleviating financial stress. By doing so, business owners can maintain a steady income while they grow their companies. In the meantime, extra funds earned can be devoted toward financing a bucket list trip, covering a child’s higher education expenses or simply building a reserve fund to cover emergencies.
Enhance Professional Growth
Becoming a business owner is an ideal avenue for achieving professional and career growth in 2020. Whether it’s developing a business around a cherished family recipe or developing an ingenious invention, business ownership enhances professional capabilities. Industries ranging from the men’s health business to the restaurant market all offer professional growth opportunities. Take advantage of these opportunities by launching a company in the upcoming year.
Furthermore, you can increase your knowledge significantly by starting your own company in the upcoming year. Find a mentor who is currently excelling in their industry. Search for an individual with impressive goal setting tactics and proof of fulfilling aspirations. The best mentor has experience in your specific industry as well. They also know how to offer you positive and negative feedback regarding your business decisions. With quality advice from a successful business owner, you can continuously expand your knowledge base in the year 2020.
Entrepreneurs across the United States startup businesses on a daily basis. However, the upcoming year looks particularly profitable for prospective business owners. By starting a company in 2020, you can become your own boss. You can also enhance your work-life balance by creating your own schedule. Moreover, reduce your financial stress by choosing a promising industry to enter. Enhance your professional growth and expand your knowledge at the same time. Start a business in 2020 to achieve your goals.