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12/12/2024 | Press release | Distributed by Public on 12/12/2024 08:15

15 Compelling Reasons to Start a Small Business Today

15 Compelling Reasons to Start a Small Business Today

Start your own small business today, and watch it grow with these tips. [Image: Anna Nekrashevich]

We researched entrepreneurs worldwide to find out why they started their business. Their answers will make you start your SMB - today.

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Thinking of starting your own business? Congrats! You're about to begin an exciting journey, just like many successful founders before you.

Maybe you've always dreamed of turning your passion into something bigger, or you're ready to stop working for someone else and build something of your own. Whatever your reason, starting a small and medium-sized business (SMB) can give you the freedom to live life on your own terms.

There's a lot to think about, and the "what-ifs" can be intimidating. But instead of getting stuck on the challenges, let's talk about why so many people take this leap. We'lll explore fifteen solid reasons why starting a small business is worth it. If you've been waiting for a sign, this is it!

Top 15 reasons to start a business

Starting a business is more popular than ever. The United States alone averages 430,000 new business applications per month. With technology making it easier to start a business than ever before and many resources available, now is a great time to turn your idea into a reality. Here are fifteen reasons to start a small business - today.

1. Be your own boss and take control of your career

No more answering to someone else's deadlines, processes, or rules - it's your business, and you make the decisions. Want to take a new direction with your product or adjust your working hours? It's up to you. Being in charge means you control the day-to-day, and decide how success looks for you.

You get credit for the good things and learn from the tough things. You can build something that fits your values and goals. That control is empowering and gives you the motivation to put your best foot forward every day. After all, when you're working for yourself, the possibilities are endless.

2. Turn your passion into a profitable business

How often can you do what you love and make money from it? With your own business, you can turn your passion into your job. Whether you love baking, designing, teaching, or solving problems, work won't feel like a chore anymore. It becomes a way to show your creativity, share your skills, and make a difference.

Plus, passion helps you keep going. Running a business has good and bad times, but when you care about what you do, it's easier to stay motivated. Your enthusiasm shows in how you market your small business, connect with customers, and face challenges.

3. Achieve financial independence

Think about the freedom that comes with controlling your own income. Owning a business puts you in charge. You will decide how to grow and where to invest your time and effort. You're no longer tied to a fixed paycheck or waiting for annual raises. Instead, your earning potential is directly linked to your hard work, smart decisions, and the value you bring to your customers.

Here's what you can do to achieve financial independence:

  • Diversify your income streams: Offer multiple products or services to reduce dependency on a single revenue source.
  • Build long-term wealth: Reinvest profits back into your business or diversify into other investments to create a stable financial future.
  • Control your financial decisions: Whether it's pricing, hiring, or expanding, every decision is yours to make.

4. Run your business exactly how you want

When you're in charge, you have the ultimate freedom to live and work on your terms. Your business adapts to your life - not the other way around. Want to work from anywhere? Go for it. Need to take a day off in the middle of the week to recharge? You don't need anyone's permission.

This freedom extends beyond where and when you work. You decide how your business operates, who you work with, and even the kind of culture you want to create. Prefer short meetings or casual Fridays, every day? That's entirely up to you. Running your business your way means you're not confined by rules or routines that don't fit your style.

5. Starting a business is easier than ever

With digital tools, you can bring your idea to life in no time. For example, a customer relationship management (CRM) helps you manage customer relationships, track sales, and stay organized. Tools like Starter make setting up an online store fast and simple. You don't need a big budget or years of technical skills - just the right tools and a plan.

Artificial intelligence (AI) also makes it easier to handle tasks that once seemed overwhelming. Today, nearly 90% of SMB marketing teams use AI to improve customer interactions, manage data, and streamline workflows like reporting and content management. The best part? You can start small and scale as you grow. A digital-first approach lets you test your ideas, reach customers globally, and build a business that fits your vision.

6. You get actual job security

Traditional jobs may offer a steady paycheck, but they also come with uncertainty. There can be layoffs, company downsizing, and market changes. But your own business will provide you stability. Of course, there's risk in entrepreneurship, but the real job security comes from building something of your own that's built to last.

You control your success and can adjust your plans to protect your income. Additionally, you have the flexibility to diversify your income streams. The more you invest in your business's growth, the stronger and more secure your future becomes.

7. Limitless earning potential

There's no ceiling on what you can achieve. Your earning potential isn't tied to an hourly wage or a corporate pay scale. It's entirely up to how far you're willing to go. As your business grows, so does the opportunity to create new revenue streams. Just make sure to pay your business taxes to keep things on track. Unlike a traditional job, where income growth can feel slow, your business lets you soar. Every smart decision, successful partnership, or bold risk can open new doors.

8. Solve problems and meet market demands

This is your chance to solve a problem that matters to you. Think about it. There are many needs out there that aren't being met. And, you have the opportunity to step in and fill that gap. When you identify a problem that people face, you can offer a solution that truly adds value to their lives. By solving a need, you:

  • Attract loyal customers: People are more likely to buy (and often) from your business if it solves their problems and meets their needs.
  • Build trust: When you offer a valuable solution, your customers see you as a reliable resource, not just a seller. Great customer service builds trust by making customers feel valued and supported.
  • Create word-of-mouth growth: Happy customers become your best promoters. They will recommend your product to others who face the same issue.
  • Establish long-term success: A business built on meeting a clear demand is positioned for growth, as the need for your solution continues to rise.

9. New jobs helps contribute to economic growth

Every job you create, whether it's your first hire or your 50th, is a chance to make a direct impact on someone else's life. You're offering people opportunities to earn and grow. In doing so, you're not only shaping the future of your business but also contributing to the growth of your local economy.

When you hire others, you help provide financial stability and support families. Your success helps others succeed. And together, you create economic growth that strengthens communities for the long term.

10. You'll learn new skills while growing your business

Any regular job might need you to excel in one particular skill. But when you run your own business, you get to try everything. Marketing, sales, customer service, and ecommerce - every part of the small business becomes your responsibility. You might find you're good at email marketing or that budgeting isn't your strength, and that's okay.

This constant learning will push you out of your comfort zone and help you grow personally and professionally. You'll learn what you enjoy, what you're good at, and what tasks you'd rather give to someone else someday. If you're unsure where to start or want to improve your knowledge, there are plenty of free courses for small business owners to help get you started.

11. You have access to all the AI

AI in small business is the future, and it's here to make your life easier. The rise of AI assistants, or AI agents is changing how businesses operate. A Salesforce survey found that one in three customers prefers AI agents over humans for faster service. These intelligent tools act like smart assistants, performing tasks, solving problems, and adapting to your needs. They help with everything from scheduling appointments to analyzing data.

Tools like Agentforce allow you to build AI agents that support your team 24/7. These agents can answer customer queries instantly, provide personalized recommendations, and even predict future customer needs based on past data. For you, this means happier customers and more time to focus on growing your business. You don't need to be an expert to get started. These tools are built to be user-friendly and effective right from the start.

Discover Agentforce

Agentforce provides always-on support to employees or customers. Learn how Agentforce can help your company today.

12. You can take advantage of the gig economy

The gig economy isn't just for freelancers. It can also help you. You can hire skilled workers for short-term jobs without having to commit to full-time employees. For example, you can hire a graphic designer for your branding or a marketing expert for a campaign. This flexibility lets you grow your team as your business grows, saving you money and resources at the start. Whether you need a one-time project or ongoing help, the gig economy makes it easy to find the right people.

13. It opens doors for collaboration with other entrepreneurs

You'll meet entrepreneurs, business leaders, and influencers who can inspire and challenge you. You'll gain valuable insights from their experiences, discover innovative methods, and find creative solutions to challenges. Along the way, you'll build a supportive network that helps your business grow and keeps you motivated.

Just think about it - You can partner with someone who has skills you don't, or team up with a successful entrepreneur to scale your business faster. You could even collaborate with influencers or well-known personalities, turning dream partnerships into reality. Working together can benefit everyone involved and build lasting industry relationships.

14. Enjoy tax benefits and save money

As a business owner, you gain access to tax deductions that employees typically don't have. Governments often encourage entrepreneurship by offering deductions and incentives, reducing the financial burden for small business owners.

One of the biggest perks? You can write off a portion of your home expenses if you're running a business from there. Utilities, rent, or mortgage interest tied to your workspace might also qualify. As your business grows, you'll get an understanding of how to maximize these perks. Consulting a tax professional can help you uncover hidden opportunities. This ensures you keep more of your hard-earned money to fuel your business dreams.

15. Just because you want to

Sometimes, the best reason to start a business is simply because you want to do it. It's your dream, your passion, your chance to create something meaningful. You don't need a long list of justifications or a detailed plan to explain it. Your desire to create something of your own is reason enough. If this feels right, trust it. Your drive will make it happen.

Build your business skills

Master the essential skills to connect with customers, drive growth, and achieve success. Start building your business expertise today.

What starting a business really takes

Starting your own small business is exciting, but it's not without challenges. It's a journey that requires plenty of problem-solving. While the rewards can be great, it's important to understand the hurdles you might face so you can prepare for them.

First, there's the uncertainty. Unlike a steady job, running a small business means income can fluctuate. You'll need to manage your finances carefully and plan for tough months. Additionally, building a customer profile takes time, and success doesn't happen overnight.

Another common concern is managing time and priorities. When you're responsible for everything (sales, marketing, customer service), it's easy to feel overwhelmed. With the right tools (like a CRM for SMB) and mindset, you can overcome these challenges easily.

Start your own small business today

You don't need to wait for the perfect time to start your business. Tools like AI-powered CRM make it easy to manage customers, streamline operations, and scale without extra hassle.

Salesforce brings marketing, sales, service, and ecommerce tools together in an all-in-one CRM suite. With easy setup, AI-powered features, and built-in guidance, it helps you get results from day one. Try Starter for free today and see how easy it is to grow your small business.

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Meredith Schmidt EVP and GM, Salesforce Essentials and SMB

As Executive Vice President and GM of Essentials and SMB, Meredith Schmidt is responsible for creating products that help small businesses take advantage of the Salesforce Platform to grow their businesses. Meredith was previously the Executive Vice President in charge of global revenue operations... Read More at Salesforce, managing the sales operations, compensation, and product and enablement teams, reporting directly to the CFO. Meredith lives in the San Francisco Bay Area, and enjoys cooking, travelling, and spending time with her fiance, young son, and King Charles Cavalier Spaniel.

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