Now is the Best Time to Start Your Business

Thousands of people in the United States want to start and run their own companies. The primary reason people want to start up a small business is personal and financial independence.

If you want to break free from the traditional 9-5 job, workplace rules and regulations, and have basic knowledge and skills; it is the best time to start your own business. However, about 31% of small businesses in the United States closed their doors during the pandemic. 

Thanks to the mass vaccination campaigns, the business sector is recovering from the financial loss endured during the Covid-19 pandemic. Research shows over 30.7 million small companies or businesses operate in the United States, playing a crucial role in boosting and maintaining the U.S economy. 

A small business has fewer than 500 employees, creating over 1.5 million jobs annually. Today's article will highlight reasons to start a small business and certification benefits to streamline your company's operations. Read on! 

Small businesses in the U.S offer hundreds of thousands of employment opportunities, a wide range of products and services, and increased financial growth. One of the reasons people want to start their own business is pursuing their dream and passion. 

Dissatisfaction with large enterprises and corporations, a lack of preparation for retirement, and the opportunity to start their own company are other reasons people pursue their business dream. 

According to SalesForce, millennials and Generation-Z people are 188% more motivated to establish and grow their own businesses. Here are some other reasons why you need to start a small business.

Everyone in the U.S shares a common goal, i.e., financial freedom, leading to self-reliance and stability. Unlike a 9-5 job, operating a small business allows you to flow money easily and in your own way. That way, you know where your investment goes and where income comes from, leading to better financial management and higher returns on investments (ROIs). 

However, this is possible when you implement a solid plan and actionable strategies, attracting prospective customers, increased likelihood of sales, and higher revenue generation. That's why it is crucial to leverage small business enterprise certifications that can benefit you. 

Starting a small business enables you to benefit from many opportunities by interacting with experienced and skilled professionals in your niche or industry. Not only do you build a strong network of connections, but you also streamline collaboration and negotiations with corporate professionals. 

That way, you strengthen your small business connections, get fresh and unique ideas, build your portfolio, gain more knowledge, and build self-confidence/motivation. All this leads to a reputable, established, and profitable business. 

The problem with the traditional 9-5 job is reduced opportunities for improving your skills. You remain stagnant and focus more on perfecting your specific job role. There is no involvement of creativity, vision, and inspiration. 

On the other hand, starting and running a small business involves learning new skills and developing unique ideas to streamline your business operations. Achieving a better product-market fit requires continuous learning, and this is something a small business owner takes advantage of to achieve their goals. 

Besides, improving your skills keeps you sharp and increases your experience. It enhances your abilities to cope with problematic situations. The purpose is to stay afloat and ensure appropriate management of your business. 

Inherent establishment of a sophisticated brand is another benefit of starting a small business because you operate and run your business based on your specific goals. Everything your business does, from its products and services, customer relationships, and retention to digital marketing strategies and ROIs, become part of your brand. 

However, research shows over 50% of small businesses fail in the first year, and 95% of SMEs close their doors within five years. Not leveraging small business enterprise certification, failing to implement marketing and customer relationship strategies, tracking and measuring data, and gaining a better product-market fit, can lead to business failures.

There are many small business enterprise certification benefits. The local or state government issues SBE certifications, offering equal opportunities for business owners who experience socioeconomic problems. 

Remember that certification eligibility varies depending on the SBE certificate issuer, the number of employees, business experience, and the owner's net worth. Common SBE certifications for small businesses are:

My name is Patrick H Bowman, and I am an experienced business productivity coach, strategist, and trainer. I can personal confirm by experience that SBE certifications are crucial for small businesses, allowing them to leverage the power of all state, federal and large corporate contracts and opportunities without discrimination based on national origin, race, ethnicity, color, religion, age, and disability. 

Each SBE certificate offers a unique set of advantages to small business owners. For instance, 8(a) Business Development Certifications provides a wide range of benefits to business owners, including:

However, most small businesses fail to meet the eligibility criteria, leading to severe complications, especially for financially-disadvantages startups and companies. The good news is that you can stay afloat in the business sector and maintain your company's operations with increased growth opportunities.

Patrick H Bowman.com is a business productivity coaching services focus on planning, consulting, strategy development, financial management, etc. An experienced coach and trainer who has helped hundreds of small businesses to optimize their operations, create multiple income streams, stay competitive in the market, and increase ROIs. 

In addition, I use my extensive knowledge, experience, and cutting-edge tools to determine your business problems and develop relevant solutions. Together, we can get your company out of a rut by helping you gain more knowledge about your business processes, focus on identifying proper mindsets and habits, prioritization of task to pinpoint your top priorities for maximum impact. Maximum Effort/Massive Action - taking the appropriate action timely is the most important key to any success. 

Personal fulfillment, passion, financial stability, work freedom, power, money, and reputation are a few reasons people want to start a small business and create a brand. However, this requires careful planning, preparation, funds, and continuous training and development. 

Qualifying for SBE certification is one of the critical challenges experienced by small business owners, leading to complications and failures, including bankruptcy. Patrick H Bowman.com aims to help owners grow their businesses through relevant and customized training based on their unique requirements. Connect phb@patrickhbowman.com