June 29, 2007

5 Reasons to start a business NOW

Have started reading Startup Nation by Rich Sloan and Jeff Sloan.One of the lines which grabbed my attention is:


Some of us are passionate about startups(for eg. like reading about them and want to start some day), some already have a startup but there are many reasons for each one of us to startup.Below are some of the basic 5 reasons "Why you should start your business now!!!"
  1. Technology levels the playing field between you and big business
  2. Today,the phrase "corporate job security" is an oxymoron
  3. The internet provides an unprecedented opportunity to start an online business at a minimal cost
  4. Like never before,business can be done from home
  5. Corporate outsourcing to smaller business creates an abundance of opportunities
Bonus Reason :
The only person who can boss you around is ONLY YOU !!!

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At Jun 30, 2007, 11:39:00 PM , Blogger SPM said...

Hi Himanshu,
I am not sure if this has been discussed on your blog earlier or not. But in response to this posting, do check out Subrato Bagchi's book, "The High Performance Entrepreneur" where he debates many so called obvious reasons to becoming an entrepreneur, and why they may not be enough.. ! Just a counter point of sorts. Not meant to discourage anyone thinking about starting a business!

At Jul 2, 2007, 9:30:00 AM , Anonymous Anonymous said...

hi guys,
just wanted to let you'll know that Business World magazine, has started a new blog on its web site on Entrepreneurship and Venture Capital, do feel free to post your thoughts, questions, ideas, comments, there. thanks.

At Jul 3, 2007, 11:41:00 AM , Blogger Abhishek said...

Let me add one more reason:

The booming indian consumer's market in the last few years and there is no sign of waning. This market is ready to greet and afford new products like never before. The case in point, Cafe Coffee Day and Barista have grown dramatically in last few years and have made coffee drinking a stylish thing.
Though this market is more relevant for non-Internet based businesses.


At Jul 8, 2007, 11:55:00 AM , Blogger Curious MInd said...

Himanshu I read simliar list sometime back when which that this si best time to start a bussiness.

What came to my mind while I wam going through this least that this least is too speficic to american environment.

1)I hardly understand first point.To me Technology is always out of reach to majority of indinas weather it is PC,broadband,fast transportation system( Governement rejected bullet train project) becoz its very costly) and the least goes on.We hardly hav technology companies in india,Imported technology is costly and many times dont serve local needs.

2)Presently we rae living in the golden phase of employment.Recently BusinessWeek placed INdia second in list of countries with maximum jobs.Indin labour laws are rigid unlike hire n fire laws of USA which provide ample job security.With other sectors like retail,construction,finance looking to recuit millions of graduates job seucrity is last thing in mind of current graduates.

3)I hope when u talk about business u are not taking "mom and pop" store.Becoz serious busines still need lots of capital.With Almost nil support from government for SMEs time if tough for SMEs who are thinking "big".

4)I guess this is the only valid argument in this article.Buts here too competition is tough and margin is very low.

To me we are far behind from entreprenuial enviironment in USA.In US governement make sure only best survive.Entreprenure dont hav to spent time to look loop holes in laws.There is enough minimum infrastructure.Meritocracy rules in US.And middle calss consumers hav evloved significantly.

At Jul 16, 2008, 9:05:00 PM , Anonymous Ted Stinson said...

Great reasons. I'm looking to being my own boss, but I've decided that instead of starting a business I would buy one. The thing is that other than business brokers, I'm not sure where to look. I just want to be able to browse the Internet to see what's available. Any suggestions?

At Jul 17, 2008, 7:24:00 PM , Blogger k said...

This comment has been removed by the author.

At Jul 17, 2008, 7:30:00 PM , Blogger c-mont said...

Hey Ted, someone mentioned above mentioned "The High Performance Entrepreneur." I second that suggestion. As far as websites go, I'd check out BizTrader.com. It has a good and diverse selection of businesses, as well as a library filled with advice. Good luck on your search. And remember when you do find that business you want to buy... due diligence!

At Jul 18, 2008, 7:47:00 PM , Anonymous Ted Stinson said...

Thanks for the suggestions c-mont. I checked it out, and really liked what I saw! Good place to invest in a business. I have it bookmarked.

At Jul 18, 2008, 7:52:00 PM , Blogger Himanshu Sheth said...

Thanks for visiting my blog.I am a touch late in my comment due to overloading of work (: To be very honest, I don't have much idea of such websites.

I would Google it and than across to you by email...Can you leave your email in the comment ?

-Himanshu Sheth


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