If you’ve ever considered turning your hobby into a career, leaving your desk job to create your dream job, or earning some side-income through your own business – 2017 is the time to start! Here are 3 reasons why you should make 2017 a year for business.
Prime Time for Change
The rise of start-ups across the globe have sparked a culture of constant innovation and disruption. People more than ever are open to change and are constantly seeking new ways of doing and experiencing things. Nielson’s 2016 study showed that 63% of consumers like new product offerings, with 85% indicating they’d be willing to pay more for innovative products. One-size fit’s all products are now obsolete. People expect customisability, on-demand products and instant purchase opportunities, making the market prime for business this year. If you’ve ever considered entering the market now is the time to take the leap and do it while consumers are ripe for adopting new products and services.
Unlimited Cheap Resources
Thanks to innovation, there are now excessive amounts of new accessible resources making it easier and most cost efficient than ever to do business. With a predicted 50% of the US population becoming a freelancer by 2020, hiring external talent has never been more affordable. Want some creative work down? Hire a freelancer. Need 24/7 customer support? Outsource it to freelancer in a different time zone. Need some affordable marketing? Post on social media. Can’t afford a workspace? Do business online. With endless resources at your fingertips, costs have become less of a barrier for launching a business.
Globalisation Stronger Than Ever
With the continued rise of globalisation has come greater connectedness between markets and openness to cross partnerships. Meetings are no longer restricted to boardrooms, working hours have grown beyond traditional 9-5 and companies are more open than ever to develop partnership with multiple businesses around the globe. This creates prime opportunities for you to seize! All it takes is stronger communication skills and perseverance in forming relationships to get your business off the ground and entering in different market places.