Online business startups are hitting an all-time high
Recent market analysis and reports are suggesting that more people are starting businesses of their own right now than ever before. This rise in the number of small startups around the world in the last few years is a direct result of growth in the online sector.
Young and successful entrepreneurs like Sam Ovens have inspired and paved the way for thousands of potential business ideas to come into fruition by using the internet and all it has to offer. Taking a deeper look into the reports that the analysts have conjured up regarding online businesses, it is possible to trace out a few root causes behind both the rise of ecommerce, as well as its recent success.
The Flexibility and the Freedom
Surveys are showing that most successful internet entrepreneurs admit that it wouldn’t be possible for them to be as successful if they did not have the flexibility which an online-only business provides. The online presence makes it possible for a business to reach out to customers and growth opportunities which would otherwise be unreachable due to the physical distance in between the two.
The fact that an online business demands little in terms of financial investment is also a very strong reason as to why so many fresh minds with good ideas, but without heavy financial backup, are now starting internet companies. It has been found that most people who start a business on the internet, initially have to alternate between their new venture and some sort of a primary activity. It could be a full-time or part-time job or a college degree, but the juggling is never easy. However, the flexible hours that an online-only venture allows for, often enables students and office-goers to make the situation plausible.
Balance between Personal and Professional Life
Development in business does not necessarily mean a deteriorating personal life for someone running an online venture. A business man/woman working from home can stay close to his/her children even when working. In fact, working from home has actually proven to be much less stressful as the presence of family and the absence of the stress associated with daily commuting is cut out from the picture. This is not only convenient for personal life, but can also contribute to better professional output due to the associated psychological well being.
Security Beyond a Single Office Job
Initially, it may seem that an office job is more secure than starting your own business, but considering the financial topsy-turvy that the world has gone through in the past, nothing is really secure. Even an online business can fail, but the advantage that it has over an offline business or an office job is the fact that you can always start another one. The detrimental financial effects of a failed internet startup are a lot less than losing your job or failing in a brick-and-mortar business where you are already heavily invested. Additionally, internet business owners usually have more than just one source of income; so even if one isn’t working very well for the time being, the other one can come through.
The transition to opening up and running an online business from a traditional job or an old-school business can be very confusing and even daunting initially, but with so much expert help available online, it can become a significantly easier process. Even hardcore offline business owners are slowly moving towards keeping an online presence as well. The ecommerce sector is booming and will continue to be for quite some time. If you ever had a good business idea, it might be time for you to think about putting it to use right now.
Peter Davidson works as a senior business associate helping brands and start ups to make efficient business decisions and plan proper business strategies. He is a big gadget freak who loves to share his views on latest technologies and applications.