DO YOU ever think that being your own boss, working your own hours, or bringing an exciting product or service to the world is for you? If you answered “Yes!” to any of the above, odds are you’ve explored the opportunity of becoming an entrepreneur.
In this article, we will explore why you should start a business in 2023.
Key Takeaways
If you only take a few items away from this article, let them be these.
- The real test of your character is when you’re knee-deep in challenges and the odds are stacked against you. That’s where the winners separate themselves from the losers.
- With a little bit of planning and finding a strong “why”, you can keep failures at bay and make profits regardless of market conditions.
- If you start a business, you get to do what you love. You no longer have to work a dreadful 9 to 5 job that saps your energy or worry about pleasing your boss; You’re on your own schedule, doing the things that fill you with joy and happiness.
Getting Started Isn’t the Problem. It’s Getting to the Finish Line.
“Never mind the odds against you. If you doubled your effort, what would the odds against you do – send for reinforcements?” – Robert Brault
Starting a business in 2023 is difficult. Turning it into something profitable is even more difficult.
It’s like climbing a mountain: Finding the courage to climb Mount Everest is tough, let alone train for it. Reaching the summit? That’s a different story.
Or take mastering a new language. Learning the alphabet, pronunciation, basic sentences, key verbs, frequently used vocabulary; All that is no easy feat. But speaking in a fluid way? Uninterrupted by the thought process of translation? That’s an outstanding achievement.
I could go on, but you get my point: Getting started isn’t the problem. It’s getting to the finish line.
The real test of your character is when you’re knee-deep in challenges and the odds are stacked against you. That’s where the winners separate themselves from the losers.
Whether you’d like to own a profitable business, summit a mountain, or become fluent in a new language, you need the courage to start and never give up.
So, that’s what we’ll focus on in this blog. We’ll make sure that, by the end of it, you have a strong “why”. Why you want to make a difference in the world, why it matters, and why your businesses should be the one to succeed over all the others.
To help you keep on trucking even when the road ahead looks rough. Because, let me tell you, the prospects of running a profitable business beyond 2023 … they’re not looking too bright.
The Prospects of Running a Profitable Business in 2023
I hate to sound so negative. But it’s there for everyone to see: Small businesses have been closing at alarming rates.
In the first year of the pandemic, 200,000 businesses in the United States closed their doors permanently. And according to the US Bureau of Labour Statistics, your chances of succeeding are low: 20% of new businesses fail during the first two years, 45% during the first five years, and 65% during the first 10 years.
And if that’s not depressing enough, experts are forecasting that we’re heading into a big recession. Statistical models are predicting a 96% chance of economic downturn. And small business owners, as is the case usually, are likely to be the most impacted.
But it’s not all doom and gloom! With a little bit of planning and finding a strong “why”, you can keep failures at bay and make profits regardless of market conditions.
Ready to find out exactly how you can do that? Let’s dive into it.
Why Should You Start a Business in 2023?
The key to making the coming year a success is by finding a strong “why”.
You Can Follow Your Purpose
What’s something that brings you tremendous joy and fulfillment? An activity that you could work on for hours?
For me, it’s helping small businesses get off the ground so they can stick it to the big guys. And I love to see when it happens.
In fact, I’d go as far as saying that this is my “why”. Helping them take their share of the pie so they can take a holiday with their family anytime they want, retire their parents early, or do their groceries on a damn Monday afternoon.
I want people to live full lives and reach their maximum potential. And that’s the exact same I want for you. But you can only achieve that if you take the first step and start your own business.
You Get to Do What You Love
A lot of people aren’t happy in their careers. They drag themselves to work everyday, completing tasks that leave them feeling unfulfilled, making everyone but themselves happy.
This is something that has become more prevalent in recent years. Long months of isolation during the COVID-19 pandemic led people to self-reflect on their life, relationships, and careers. We all questioned our current way of doing things, asking ourselves “Am I making the most out of my time?” or “What’s really important to me?”
If you start a business, you get to do what you love. You no longer have to work a dreadful 9 to 5 job that saps your energy or worry about pleasing your boss; You’re on your own schedule, doing the things that fill you with joy and happiness.
You Get to Make a Difference
You know what makes me happy? Seeing a smile on my client’s faces. When they’re satisfied with my work and their business is producing solid profits.
You see, when you have your own business, you get to make a difference in people’s lives. If you do digital marketing, for example, you can help your client’s businesses get seen on the search engines or increase revenues through affiliate marketing. Or if you’re a graphic designer, you can use your artistic talents to capture people’s attention and encourage them to engage with your client’s business.
It’s all about taking someone’s worries away and making their life a little better.
Start Your Business in 2023. You Won’t Regret It.
“The most common regret that people have on their deathbed is that they lived their life according to the desires of others, not how they wanted to.” – Dr. Prem Jagyasi
When you’re first starting out, you don’t need to have the perfect business.
It doesn’t even matter if you have the right business idea. Whether you’ve decided on running a product or service-based business. Just get started and you’ll figure the rest out later, as long as you keep on trucking when the going gets tough and keep your optimism.
May 2023 be the year that you look back on as the turning point of your life.