Why 2016 is the year of the entrepreneur

Why 2016 is the year of the entrepreneurNow is a good time to be an entrepreneur in the UK. There are over 5.2 million small businesses operating in the UK compared to 700,000 just a few decades ago.

According to a recent Populus survey for the Royal Society of the Arts, 84% of people who work for themselves are “more satisfied in their working lives”.

The internet has made it possible for more start-ups to easily reach a global market than ever before. Companies can now use social media to communicate with potential customers anywhere in the world.

Benefits of being an entrepreneur

  • You’re doing what you love
  • Flexibility to decide your own schedule
  • Work from anywhere
  • Be your own boss
  • It’s never boring or mundane

Why Now?

The economy is improving and changing demographics are creating new entrepreneurs who are excited to follow their passions and steer away from a regular 9-5 job dynamic.

  • Technology has levelled the playing field

Money is no longer a key factor when it comes to online presence and success on social media. Content marketing is the best way to get your message across. Technology used to produce audio and video content is easy to use and can engage a wider audience. Small companies no longer need a massive budget to connect with people across the globe and can easily give large companies a run for their money.

  • More financial support

Approval rates for small business loans are pretty high right now and expected to increase in 2016. Crowdfunding platforms are also a great way to get financial support. As long as you have a good product or service to offer, you should have no trouble finding the funding to turn your idea into a business.

  • Free training opportunities

It is becoming increasingly easy to get information and gather expertise these days. You can subscribe to free tutorials and workshops online, that will teach you everything you need to know about marketing, design, SEO and much more. There are also ample sites and forums where you can advertise your expertise for free and engage potential clients.

  • Contribute to society

While the main function of a business is to make a profit, small businesses are in a better position today to make a positive contribution to society.  This could be in the way of organising fundraising events within the local community or providing pro bono services to NGOs or other small businesses and individuals that need assistance.

  • Greater job satisfaction

This is a factor that remains a constant when you are an entrepreneur. Several studies have shown that entrepreneurs, who make their own rules and work for themselves, appear to be happier. These days even consumers are happier to take their business to a small company as opposed to a larger corporation.

 

Being a business owner gives you the freedom to design your own life and find your own work-life balance. If you are considering working from home, you can look into the Arise platform.

Arise provides a virtual platform to connect primarily work-at-home service professionals running small call centre businesses to Fortune 500 and other large companies. For over a decade, we have enabled superior and extremely flexible customer contact, business processing and consultation solutions for numerous companies around the globe.

To know more about Arise, you can get in touch with us here.