The year is coming to a close and now is typically the time when people make New Year’s Resolutions. Why don’t you make it a resolution to start a micro business? Below are 5 Reasons to Start a Micro Business in 2015. Hopefully you will start one after reading through them.
1) You Need Just Yourself To Start a Micro Business
You can start a micro business with just yourself! There’s no need to hire anyone meaning less headache and less paperwork. This makes starting a micro business fast.
2) Little Start-up Money Required
When starting a micro business, little money is needed. In fact, it’s highly inadvisable to take on debt when starting your micro business.
Typically when a teenager starts a micro business, they use the equipment and knowledge they already possess.
3) You Can Start One At Home
Most teenagers who start a micro business, run them inside of their home. With most business transactions happening online these days, a physical location isn’t required for selling products. If you are selling a service, most customers or clients are served virtually or by meeting them in a location that convenient to them.
An example of providing a service virtually is Virtual Assistance work. You can provide your services like web design, writing blog posts, updating a client’s FaceBook page, or providing graphical expertise all over the Internet. Even if the client wants to meet you face-to-face, you can still do this virtually using Skype or FaceTime. When it comes time to get paid, you can email or use a invoicing software and get paid via the client’s debt or credit card.
4) A Micro Business is Manageable and Flexible
Your micro business can run around your schedule. If you are still a teenager in school, you can work on your business in the evenings after school and when homework is finished. If you want to start a micro business teaching piano lessons, you can make your schedule only available on weekends. A micro business is very flexible around the timeline you want to run it.
5) More Rewards Than a Traditional Job
One of the fantastic perks of running a micro business is you can use regular business tax deductions. If you need a printer for printing out flyers or labels for your micro business, purchase the printer and keep the receipt! Most purchases that are used for your micro business are completely deductible.
Think about this, if you love video production and need a nice MacBook Pro to edit videos for a client, guess what? That computer can be deducted on your tax forms at the end of the year!
Now that you’ve seen the benefits of starting a micro business, doesn’t it make you want to begin as quickly as possible? If you’re still questioning starting one, then maybe my book, Starting a Micro Business, can help! In my book, I discuss if starting a micro business is right for you. Check it out today and get 2015 off to a fantastic start!