8 Benefits of Starting Your Own Small Business

starting & marketing your business

It wasn’t easy when I first started my small business in New York mainly because I had to be consistent with my day job while simultaneously working aside for my new company.

When someone leaves a job and starts a new business, they are often discouraged by close friends and family members. No blame on them, most people think new business ventures can be risky, generate inconsistent income, and might even push a person towards huge financial debt. Even though there are potential risks, benefits of running your own business outnumber and overpower all the negativeness.

So why do most New Businesses Fail?

Most start-ups fail because they fail to generate enough revenue to continue running their business is mostly due to poor budget planning and poor marketing. Wasting your money on unnecessary things as a new company will ultimately force you to take out a loan when you realize that you have no money left for marketing. Taking a loan will often do more damage than good. Mark Cuban say it best in the video below…

The key to starting a successful business is effective marketing

It is easy to drift away and start investing your money where it’s not needed. One of the biggest mistakes start-up companies make is that they start buying too many supplies for the business instead of focusing on the marketing. Hence, they mismanage their budget. Getting customers should be the priority, and the best way to get more customers is by advertising wisely. Everything else comes later as you grow your sales.

One of the best ways to market any start-up is to start getting exposure online which is both affordable and effective in finding leads. While the first thing that might come to your mind is the Yellow Pages, the opposite true. Traditional advertising is being used at a much lower rate by consumers than ever before because they are turning towards the internet when searching for a local business service or product.

Some of the best forms of online marketing for start-ups are:

  • Getting a business website for brand exposure
  • Building an online presence for your business
  • Search engine optimization (getting found in search engines)
  • Getting listed in local citation sites such as Yelp

It’s important to hire a reputable marketing company so make your research about the company.

So Why Start a Business?

Starting up a new business skyrockets your earning potential and can get you one step closer to your dream house, dream car, and dream vacation. Don’t be fooled because the fact is starting up a new business requires a lot of hard work, persistence, resolve, and intelligence. On top of that the initial few months are the hardest when your monthly income from the business might just be nothing. However, after you have weathered the initial storm, the benefits of running your business start becoming clearer.

Top 8 Advantages of Owning a Business

Let’s take a look at some these advantages that you can never get when working for someone else.

1. You Are Your Own Boss: One of the most satisfying advantages of starting your own business is you are no longer answerable to anyone else. You get to be the king of your own little business kingdom. There are so many people out there who feel exploited by their respective bosses. Business gives you the power to break the shackles and soar above the rest.

2. Get More Time With Your Family: More often than not, people who are working for other companies seem out of breath and out of time. This is because they have to deal with the pressures and demands coming down to them from upper management. In all brutal honesty, owning a successful business empowers you make those demands yourself, not follow them. In the end, you get more time with your family while your business and your employees work behind the scene to make you more money.

3. Securing The Income Of The Future Generations: No matter how successful or satisfied you are with your current job you get no opportunities to pass that on to your children. So rather than building on your current success, they have to start all again. A successful business, however, passes from generation to generation providing financial security for your future generations.

4. Satisfaction Of Creating Jobs: One of the major benefits of running your own business is that you get to hire the workforce. Impact of a business in a society can be huge as it creates jobs and opportunities for different families. The satisfaction of recognizing talent and giving them an opportunity to grow can be profound.

5. Grow Your Circle Of Friends And Acquaintances: Do you really want to be stuck in a cubicle interacting with the same people day in and day out? Owning a business provides your enough opportunities to meet new people. Your business will force you to meet new clients, customers, and entrepreneurs along the road, giving you an opportunity to learn from their experiences and share some of your own.

6. Total Financial Independence: This is probably the number one reason people want to start up their businesses. In these tough financial times, it’s a dream to be able to afford anything and everything your heart desires. Not restricted to a fixed salary, a business gives you the opportunity and freedom to get the lifestyle you always wanted.

7. Make A Difference: Think about it, all the major changes in technology, lifestyle, and comfort in the past few hundred years were brought on by private companies. Imagine a life without air conditioners if Carrier Engineering Corporation didn’t manufacture and sell it to the public for the first time back in 1950s. That’s just one example, modern day innovators like Bill Gates, Mark Zuckerberg, Sergey Brin, Steve Jobs, and other great minds introduced the technologies that we today take for granted. Owning a business gives you that very same opportunity to influence the world around you in big or small way.

8. Be Recognized By Your Brand: The joy of creating a brand out of nothing and see it grow to be recognized by all is something that only a select few get to experience. You are not just an executive or a manager anymore; you become the creator and master of your world. The day people start recognizing you by your brand you can count yourself as successful, making you truly understand the benefits of running your own business.

Apart from the reasons above, there can also be tax advantages and disadvantages of owning your own business. For now, its up to you to decide what you want to do or if you even want to do it.

How the Declaration of Independence was the Start of Entrepreneurship from New York to California

Many may not know it, but establishing and growing your own business has never been easier ever since the start of the declaration of independence. One may even argue that companies in New York City were able to flourish due to the attraction caused by this important document. Knowing you have rights, and freedom helps Cities, Stats, and Countries grow economically.

Being an entrepreneur myself and owning a marketing company in New York City is a blessing that not many have. As I sit back and think of the start of this great city (NYC), I have come to the conclusion that entrepreneurship only flourished ever since the birth of the Declaration of Independence.

The Begining Of The Declaration

The Declaration of Independence is the most important piece of document in the history of the United States. Written and signed in 1776, the statement was the formal explanation by the thirteen American colonies as to why they voted to declare independence from the British Empire.

What is the Declaration of Independence

The United States Declaration of Independence: An Overview

The reason behind the vote for independence was due to the British Parliament’s implementation of several laws that prevented the colonies from self-sustenance. Increased tax revenues and several other laws limited the freedoms of the English colonists who were living in America.

During the first meeting of the Continental Congress in 1774, they sent a list of complaints to King George III, who ignored their letter. Another list of complaints were sent to the King after the second meeting of the Continental Congress, but this, too, was ignored.

The thirteen colonies then concluded that rebellion against the British government was the only choice they had to preserve their rights and freedoms.

The Authors and Signers of the Declaration of Independence

The colonists felt that there was a need to declare sovereignty over the colonies formally, and appointed five members of the Congress to write the statement of the declaration of independence.

These five members were John Adams of Massachusetts, Benjamin Franklin of Pennsylvania, Roger Sherman of Connecticut, Robert R. Livingstone of New York State, and Thomas Jefferson of Virginia.


Though these five representatives were appointed to write the statement of independence, it was Thomas Jefferson who was chosen to write the first draft.

From June 11 to 28, 1776, Jefferson wrote the first draft and showed it John Adams and Benjamin Franklin, who then made revisions to the document. Upon presentation to the Continental Congress on July 1, 1776, members made more revisions to the original document.

On July 4, 1776, the delegates of the thirteen colonies met at the Pennsylvania State House, which is known today as Independence Hall and approved the document of the declaration of independence.

John Hancock, who was President of the Continental Congress, signed the Declaration, along with Charles Thomson, and sent the document to the John Dunlap print shop for printing. Copies of the declaration were then sent out and read by the public of the newly formed United States of America.

An engrossed copy was made for members of the Congress to sign. A total of 56 members signed the document. The first signer being John Hancock, Edward Rutledge as the youngest signed at age 26 and the oldest was Benjamin Franklin, who was 70 years old at the time.

This engrossed copy with the signatures of the members of the Continental Congress is found today at the Rotunda of the National Archives building in Washington, D.C.

A Brief Summary of the Contents of the Declaration of Independence

Although the document is regarded as an entire whole, the Declaration is commonly referred to in 5 distinct parts. These are the Introduction, The Preamble, The Indictment, The Denunciation, and Conclusion.

The Introduction part of the Declaration explains why the colonies are declaring independence. It explains the Laws of Nature and of Nature’s God, which entitles the individual to have political independence.

The Preamble explains the theory of what a good government is. This is also the part of the document that contains the most famous lines, such as the sentence that declares “all men are created equal.”

In the preamble, the document states that all men have individual rights that are not given by the government but are inherent in human nature. It goes on to say that the priority of the government is always to ensure that these rights are secured and protected.
When the government fails to protect these rights or violates them, such as the right to life, the right to liberty, and the right to pursue happiness, the people then have the right to protect these rights and have the power to overthrow the government.
The Indictment part then proceeds to list the grievances and the wrongdoings of King George III, who is the representative of the British government.

The list states the suffering of the American colonies under the hands of the British Parliament, referring to the numerous injuries the King has placed upon the people. Listing twenty-seven examples of King George III as violations of the criteria of good governance, the grievances are then stated as reasonable causes to justify separation from the King’s bad governance. Thus, an establishment of a good government must take its place.

The Denunciation part of the document then asserts the sovereignty of the American colonies. It proclaims the determination of the Americans to defend and maintain their rights and independence. It also finishes the colonies’ reasons for separating from the British Empire for a peaceful revolution, but with a clear understanding that war is inevitable.

The Conclusion part of the document states the final touches of the statement, declaring that the American colonies had seen existent conditions that warranted a change in the government structure and policy of the colonies.

Significance of the Declaration of Independence

The thirteen American colonies had already been at war with Great Britain prior to the Declaration of Independence on July 4, 1776. The statement was approved a year after the American Revolutionary War started, and rifts between the British Parliament and the colonies had already escalated.

The document set out to formally announce the colonies’ independence and separation from King George III’s rule. Today, the United States Independence Day is celebrated on July 4 – which marks the day the declaration was approved by the Continental Congress.

It justified the colonies’ rights to revolt against the government that was no longer securing the rights of the people.

The Declaration of Independence gave birth to the United States and immensely influenced the creation of the Bill of Rights and the American Constitution.

The document also led to the emancipation of black slaves in 1854 through the efforts of Abraham Lincoln, who believed The Preamble was referring to all “men” in a universal language, and not only limited to white men.

The Declaration of Independence also influenced many other countries from around the world, such as in the Balkans, the Caribbeans, West Africa, Spanish America, and Central Europe to follow suit and declare their own freedom from oppressive governments.

The Conclusion

As you can see, the development of our freedom involved a long process, but it ultimately led to the most economical success country in the world. Entrepreneurs come from all over the world just to start a business in America. Our SEO firm in New York, SEO Web Designers and just about every other successful company were a direct result of what started hundreds of years ago.