Eliminate Your Fears and Doubts About Starting Your Small Business

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As the years go by, the world’s population has been growing rapidly. Urban cities, especially, are getting more crowded. According to Worldometers, as of July 2019, the UN estimated that the current urban population in the USA is 276,062,331which is 83.9 % of its whole population. Since 2010, the USA’s urban population has increased by 8.64 %. The possible reason is the lack of career opportunities in rural areas. That’s probably why most people are starting a small business of their own to leave the crowded city and stay in the comfort of their own home.

Most people think that starting a business is scary, especially if they don’t have any experience or knowledge about marketing or business. Luckily, with the growth of technology in the past few years, starting a small business has become more flexible.

 

Here are some of the things that most people should consider when they are planning to start a business.

Funds

There are different types of small businesses that you can start from scratch without investing a fortune. Here are to name a few.

Sales

  • Companies such as Avon, Mary Kay, Tupperware, etc., are offering people to be their sales consultant. You just have to pay a registration fee and they’ll give you everything you need to start your campaign.
  • You can sell either homemade food or DIY crafts. You just have to invest in supplies and basic marketing materials to sell your goods.
  • You can start a small buy & sell online where you can purchase goods at a cheap wholesale rate and sell them at a higher rate.

Service

  • If you are a professional or an expert in a specific line of work, or you have a skill that other people in your area may not have, you can offer your service. You can be a tutor, consultant, translator, handyman, etc.

Location

Learn what’s trending in your city. You would not want to go far just to run your business because your targets are not in your area.

Profitability

You would not want to invest your funds in something that you do not think will give your money back. You may check the blog posted by Business News Daily writer, Adam C. Uzialko about the 20 Small Business Trends and Predictions for 2019.

Human Resource

If your small business becomes successful, chances are the workload will be more demanding. You can look for employees that can help you. For example, if your business is an online buy&sell, you can hire a virtual assistant to help you with your marketing and admin tasks as they are more economical. You can speak to business advisors first to learn more about virtual assistant rates.

Make sure to do your research first before starting anything. The internet has made it more possible for us to learn new skills and knowledge, allowing you to start a business easily and cheaply.

Want to speak with a business advisor and discuss the best assistant for your future business? Click Contact Us.

Contributor: Josefa Flores

 

Stef Faller
Stef Faller
Stef Faller is a Marketing Assistant for The VA Hub and is located in the Philippines. Contact her at stef@thevahub.com

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