4 Reasons Why Starting A Business Now Is So Cheap

In the past, people thought that starting a business was expensive, time-consuming and ultimately a big waste of time unless you were a big-shot entrepreneur with loads of funds. Sure, it might’ve been like that before (and to some degree, even now) but that doesn’t mean you can’t set yourself up for success with virtually zero money.


So to give you some ideas, here are four reasons why starting up a business is essentially free and shouldn’t cost you any money at all.


Learning is essentially free


How many times have you been told that you need to go to a university just to study something? People often have this idea that you need to study and get a degree in order to become a successful entrepreneur or even have a fulfilling career. That’s absolutely not true anymore.


Thanks to online learning services, you can learn essential skills for running a business from the comfort of your own home. You don’t even need to worry about paying ludicrous prices because, at the end of the day, starting a business doesn’t require you to have a degree or even qualifications if you’re your own boss.


Technology is far cheaper


There are plenty of services available now for the budding entrepreneur to start their business without paying a large sum of money. For example, cloud services are far cheaper than hiring employees and the average cost of technology has dropped significantly over the past couple of years, resulting in much better accessibility for new entrepreneurs.


While technology continues to improve, the cost of entry-level computers and services has dropped so much that it’s affordable even for someone dabbling in business. We no longer need expensive computers, we don’t have to purchase our own factory to produce items, and there are countless eCommerce stores available that can help us grow our companies.


You no longer need an office


In the past, most people realized that you probably need an office to run your business. Nowadays, we can forgo the idea of an office and instead, we can focus on running our companies from home or even from a coffee shop.


This is because you can migrate your business to the cloud, giving you far more remote opportunities than before. This also means that you won’t need to rent out an office and you don’t need to hire locally. Instead, you can focus completely on trying to run your business from the comfort of your home on a PC and use cloud technology.


Final words


If you wanted to start a business right now then you could. It’s not difficult, it’s inexpensive and you can play with ideas without having to sacrifice too much of your hard-earned cash. In a way, starting a business has become far more accessible and it gives more people the opportunity to make a living on their own terms instead of relying on a salary or following the orders of their boss.


Image Credit: Pexels

Elita Torres

I have over 20 years experience as a leader, first as a General Manager for several Big Box retailers with over 100 employees, then as a district manager overseeing an average of 23 stores. Currently, I am a Sales Director overseeing 4 Districts. My passion for leadership and personal development has led me to share my journey in a Blog. Find out more on http://www.leadgrowdevelop.com/about/