Ask any successful small business owner how they got to where they are, and chances are they’ll tell you it couldn’t have been done without a lot of hard work and planning. For many, the beginning of a new year is one of the best times to work towards starting a new business, and 2014 is no exception to the rule.
2014 – A Big Year for Business
There are a variety of reasons to believe that 2014 is going to be the year for small business owners. Confidence levels are rising, technology is making running a business easier than ever before, and the fresh start of the new year has given license to thousands of entrepreneurs throughout the country to finally take that all-important first step into owning their own businesses. Here are just a few reasons why it’s a good idea to go into 2014 with high hopes.
1. An Improving Economy
Take one look at the economy today and compare it to that of just a few years ago, and it becomes quite clear just how many improvements have already been made. Consumer confidence is higher now than it has been in years; the housing market (once dismal) is seeing a rapid uptick. Unemployment rates are also being improved upon slowly, which means people are spending more and thus small businesses have a great chance of succeeding in the coming years than they have in the recent past. It’s an exciting change, and one that will definitely make 2014 a great year to start a business.
2. Easing on Private Lender Registration Requirements
At the moment, registration red tape and fees can sometimes make it rather difficult for small businesses to receive funds from private lenders. All this may change, however, as a new bill (the Small Business and Capital Access and Job Preservation Act) has been met with a great deal of positivity. While not in effect as of yet, the bill could pass and eventually go into action in the near future. What it will mean for small businesses is easier access to private funds, which can make a major difference in the long run.
3. Easily Accessible Government Funding
As if the bill to increase private funding isn’t enough, it’s getting easier than ever before to access government funding. There are a great deal of small business loans out there, many of which cater to specific types of business owners – loans for women-owned businesses, for example. The SBA gives out thousands upon thousands of loans each year to those who are interested in owning their own business, and learning how you might be able to benefit can mean the difference between opening a business that is successful and one that doesn’t make the cut. Receiving government funding often involves a lot of paperwork (and a few headaches), but it’s more than worth your while.
Networking Austin meetings are ideal for those who are looking to start their own business. Stop by to learn more about how to become a successful business owner!
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Original Source: https://www.networkingaustin.com/small-business-tips/new-year-new-business