A business cannot come forth without the thought of it, that is, an idea. A business idea can come up at any point in time in a person’s life, in spite of how big or small the idea is or how old or young the person is. As long as a human is sane, it becomes impossible to not think of business ideas/plans, no matter how little or seemingly irrelevant.
A business, as defined by the Oxford English Dictionary, is the activity of making, buying, selling and supplying goods and services for money. In much simpler words, it is the act of exchanging products/goods and services to form a source of income.
Moving away from dictionary meaning, I’d like to define a business as a recognition of a problem and the provision of a solution which could also serve as a source of income.
There are, however, various reasons why it becomes essential to start a business in this time, age and period but here are 5 indisputable reasons you should start a business now.
Firstly, one of the essential reasons why you should start a business now is to solve a problem or provide for a need. Our world today runs at a fast technological rate, and as such, there is much room for problem creation with easy ways to find solutions if only we would think deeply and help in providing solutions to such problems. The problem of transportation gets solved by setting up a transportation company to help ease the movement of both goods and people.
Also, problem-solving enhances relevance. In the context of business now, there is socioeconomic relevance attached to setting up a business. It is not unknown that many businessmen today, are reckoned with because of the contributions they have made to the socio-economic growth of wherever they find themselves. For a person who wants to be relevant in the economic world, such shouldn’t allow his or her business idea to die without actualization.
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To Unleash Potentials
Furthermore, man is a complete representation of potentials. And if these potentials are not developed, they become dormant and irrelevant. Starting up a business now is very cogent evidence that potentials are waiting to be unleashed. No person is born to be dull, it all depends on how we all maximize our potentials.
Improving Creative Skills
Also, starting up a business helps in improving creative skills. Its often said that no man is an island of knowledge and that man learns every day until he dies. So starting up a business now is capable of developing skills that didn’t even seem there.
Apart from developing already existent skills, it could help in birthing new ones too. So many skills are hidden within us that we do not think we can even try them out until we actually do.
Help to Build Reputable Network
An idle hand is no doubt the devil’s workshop. Starting up a business now helps to keep your hands full. It militates against laziness and any form of laxity. Being busy keeps the mind and even the hands away from perpetrating crime/evil whatsoever.
In not being idle, keeping up a business helps in networking and meeting people. This helps to improve social interaction and a more comprehensive level of exposure to the different ways of life of people and how to adapt to it.
Create Multiple Sources of Income
Finally and not in the least less important, starting a business now helps in creating multiple sources of income. With the various changing times of the society we find ourselves, the economic wealth of most countries around the world is nothing to write home about, so it becomes necessary that there is multiple sources of income, not just for personal enrichment alone but also to increase the economic wealth of the society.
In conclusion, it becomes necessary that the reason for a thing be known, to avoid abuse. Therefore, if the reasons for why a business should be set up is not known, it becomes evitable to avoid socio-economic irrelevance.