Succeed As Your Own Boss

ENDING SMALL BUSINESS FAILURE

  • Home
  • About
  • Book Melinda
  • Consulting
  • SBL Store
  • SmallBizLady University
  • Subscribe to Podcast
  • #Smallbizchat
    • Be a #SmallBizChat Guest
  • Blog
  • Contact
    • We’re Hiring!
You are here: Home / 15 Things Series / 15 Reasons to Start a Business in 2023

15 Reasons to Start a Business in 2023

January 30, 2023 By Melinda Emerson Leave a Comment

Feel free to share...Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on LinkedIn
Linkedin
Pin on Pinterest
Pinterest
Share on Reddit
Reddit
Email this to someone
email
Print this page
Print

15 Reasons to Start a Business in 2023 socialAt the end of December, I posted a list of my most-read blogs of 2022. Topping the list was this article about 9 reasons to start a business in 2022. I get it! After the downturn that resulted from the pandemic, you want to be sure you are making a calculated decision. And guess what? If 2022 was a good year to launch your business, 2023 is even better. Today I’m sharing 15 reasons you should start a business in 2023.

15 Reasons to Start a Business in 2023

Starting a business can be a daunting task, but it can also be incredibly rewarding. Here are 15 reasons why you should start a business in 2023.

1. The Economy Is Still Recovering 

The economic downturn from the pandemic caused a lot of uncertainty for small businesses. Still, as the economy continues to recover, there are more opportunities for small businesses to grow and succeed. With the rise of employee wages, consumers may have more disposable income to spend, creating an opportunity for new businesses to enter the market and take advantage of the rebound. Additionally, as many companies (large and small) have closed or downsized, there may be gaps in the market that new businesses can fill.

2. More E-commerce Opportunities

15 Reasons to Start a Business in 2023 ecommerce

With the rise of e-commerce and the shift to online shopping, businesses have more opportunities to sell their products and services online. Starting an e-commerce business or incorporating e-commerce into your existing business can open up new revenue streams. With many people becoming more comfortable shopping online, it creates an opportunity for businesses to reach a wider audience and improve efficiency and scalability.

If you want to learn the ins and outs of selling online, I have you covered! Go here to enroll in my online course, How to Sell and Market Online.  

3. Increased Remote Work 

Remote work became more prevalent during the pandemic, and it’s here to stay. That means more opportunities for businesses that can be run remotely, opening the door for entrepreneurs who prefer to work from home or are limited by location restrictions. With more companies allowing remote work, there may be greater demand for virtual services or products that can be delivered remotely.

4. Government Support

Governments have implemented measures to support small businesses as the economy continues to recover. Grants and loans can provide the financial support needed to get your business off the ground. For specific information, check out this recent article from the US Chamber of Commerce featuring 55 grants, loans, and programs to help your small business.

5. Technology 

15 Reasons to Start a Business in 2023 technology

Another reason to start a business in 2023 is that the rise of the internet and advances in technology have made it easier than ever. You can create an online store, use social media to reach customers, and even automate tasks. For a review of popular tech tools to run your small business, check out this article. 

6. Outsourcing 

Outsourcing platforms are hot right now, as everyone wants to be their own boss. You can use platforms like Upwork, Guru, Fiverr, and 99 Designs to start your business and find clients, and you can also use these sites to find freelancers to help you with various tasks in your small business. Outsourcing gives you access to top talent while reducing costs and speeding up your growth.

7. Creating Jobs 

15 Reasons to Start a Business in 2023 creating job

On the flip side, instead of outsourcing your work, you can hire workers and move from a solopreneur to a business with employees. Small businesses are a major source of job creation and economic growth. When you start a business in 2023 and create jobs for others, you will contribute to the local economy and help to reduce unemployment. 

8. Innovation

Starting a business allows you to think outside the box and come up with new, innovative ideas that can solve a problem or fulfill a need in the market. This can be especially true during a time of change, such as the current economy, where we face new challenges and are still trying to recover. Entrepreneurs who can identify new trends or opportunities and adapt to meet the needs of their customers have a greater chance of success.

9. Flexibility

As a business owner, you can make your own schedule and work on projects you’re passionate about. This can allow you to balance work and personal life in a way that works best for you. Chances are you’ve reevaluated your priorities in life throughout the past couple years. Starting a business can be the first step in creating that life you truly want. 

10. Diversify Income Sources

15 Reasons to Start a Business in 2023 multiple income streams

If you start a business in 2023, you can also begin to diversify your income streams and increase your financial security. Having multiple income streams can help mitigate the risk of relying on a single source of income, which can be especially useful during tough economic times and can make your business more resilient.

11. Tax benefits

Owning a business can offer significant tax benefits, which can help to improve your bottom line. This can be a good opportunity for entrepreneurs to save money and invest in their business growth. It’s important to consult with a tax professional or accountant to understand the tax implications of starting a business and take advantage of the available tax deductions. Here are some of the current tax deductions available for small business owners. 

12. Potential for Passive Income

15 Reasons to Start a Business in 2023 passive income

Passive income is one of the ways you can diversify your income sources and increase your financial security. Some business offerings, such as digital products or affiliate marketing, can create passive income streams. Who doesn’t want to make money while they sleep? As you start a business in 2023, make sure to look for passive income opportunities.

13. Be Your Own Boss

Why wait when you can start a business in 2023 and be your own boss now? As you know, I’m a big proponent of the benefits of being your own boss. I even wrote a book about it (and you can get a free chapter here). You are the one who calls the shots and makes decisions in your own business. This can be a very empowering experience, especially for those who may have felt stifled or frustrated in their previous jobs. 

14. Help Others

15 Reasons to Start a Business in 2023 help others

Starting a business can allow you to solve a problem or fulfill a need in the community, which can be personally fulfilling. By providing a needed product or service, you can improve people’s lives and positively impact your community. We live in a unique time, full of problems and challenges, so if you have an idea that will help others, it may be a sign that you should start a business in 2023. 

15. Leave a Lasting Impact 

Starting a business can be a way to make a lasting impact and leave a legacy for future generations. Not only can you make a difference in people’s lives, but you also can create something that can have a lasting impact for years to come. 

Other Reasons to Start a Business in 2023?

These are just a few reasons why you may want to start a business in 2023. Of course, starting a business is not without its challenges, but with hard work and determination, the benefits are worth it. It’s important to have a clear business plan and prepare financially as much as possible before starting a business. If this is your first venture into business ownership, you may benefit from my Become Your Own Boss course.

Do you have other reasons that you want to start a business in 2023? I’d love to hear them, so please share your thoughts in the comments!

Feel free to share...Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on LinkedIn
Linkedin
Pin on Pinterest
Pinterest
Share on Reddit
Reddit
Email this to someone
email
Print this page
Print

Filed Under: 15 Things Series, Your Small Business Tagged With: government support for small business, remote work, small business, start a business in 2023, starting a business

Fix Your Business Now!

Order SmallBizLady's new book Fix Your Business, 90-Day plan to Get Back Your Life and Reduce Chaos in Your Business. It includes the 12 Ps of Running a Successful Business and readers will finish the book with a new strategic plan to take their business to the next level.

About Melinda Emerson

Melinda F. Emerson, “SmallBizLady” is America’s #1 Small Business Expert. She is an internationally renowned keynote speaker on small business development, social selling, and online marketing strategy. As CEO of Quintessence Group, her Philadelphia-based marketing consulting firm serves Fortune 500 brands that target the small business market. Clients include Amazon, Adobe, Verizon, VISA, Google, FedEx, Chase, American Express, The Hartford, and Pitney Bowes. She also has an online school, www.smallbizladyuniversity.com, that teaches people online marketing and how to start and grow a successful small business and publishes a blog SucceedAsYourOwnBoss.com. Her advice is widely read, reaching more than 3 million entrepreneurs each week online. She hosts The Smallbizchat Podcast and is the bestselling author of Become Your Own Boss in 12 Months, Revised and Expanded, and Fix Your Business, a 90 Day Plan to Get Back Your Life and Reduce Chaos in Your Business.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Let’s Connect

  • facebook
  • instagram
  • tiktok
  • pinterest
  • linkedin
  • twitter
  • youtube
  • feedburner

We’re proud to be part of the Mediaplanet Empowering Small Business campaign! The COVID-19 pandemic brought hardship and ruin on the nation’s small businesses, but there’s now reason for hope. Learn about the resources, support, and tools available to help your small business bounce back and grow stronger than ever by picking up a copy of the campaign in USA Today and reading it online here.

Get a FREE Chapter of SmallBizLady’s Book,
"Become Your Own Boss in 12 Months, Revised and Expanded"!

Become Your Own Boss

Sign up for the SmallBizLady Buzz Newsletter by Clicking
the Button Below:

Most Popular Posts

>Seven Ways to be More Profitable in Your Small Business
> 7 Ways to Attract Customers to Your Small Business
> 6 Tips for Managing Small Business Finances
> How to Run a Successful Multilevel Marketing Business
> 10 Ways to Grow Your Small Business With Instagram
> How to Sell on Facebook
> How to Get Over the Fear of Starting a New Business

Featured Videos

Bloomberg News Interview
How to Support Small Businesses During the Holidays

“12 Principles of Highly Profitable Businesses with Melinda Emerson” from Sonia Dumas
October 2020

MSNBC Interview
Top Tip: Never Let a Customer Down

National Speakers Association
Winter Conference 2016

Fox 29 Philadelphia
'Small Biz Lady' gives best advice for starting a new business in the New Year

Fox Business
Starting a Business

MSNBC
The importance of job mentoring for women

#SmallBizChat Live
National Small Business Week: Q&A

Good Day Philadelphia
Expert Shares Tips on How to Become Your Own Boss

Google
Best Practice for Social Media

Testimonials

Become Your Own Boss is a must read if you’re thinking of launching a business of your own.
Jean Chatzky, Bestselling Author of Money 911 and Financial Editor of NBC’s Today Show
Great step-by-step advice for anyone looking to start their own business.
Andrew C. Taylor, Chairman, Enterprise Rent-A-Car
Melinda Emerson has written a remarkable book. It is essential reading for anyone seeking to make the transition from working girl to successfully working it, as an entrepreneur.
Cynthia McClain-Hill, Past President, National Association of Women Business Owners
The perfect companion for those planning to go out on their own. Melinda delivers firsthand practical advice on how to be the successful entrepreneur. Read it if you want to get it right the first time.
Kenneth L. Shropshire, Professor at the Wharton School of Business, University of Pennsylvania
If you are looking for a versatile speaker who can talk about how to grow small businesses or get started with social media, look no further.
Heather Van Sickle Executive Director, National Association for Community College Entrepreneurship (NACCE)
Her wit and depth of subject knowledge were entertaining and empowering. Melinda is definitely on our short list of seasoned entrepreneurs and business leaders we look to invite back in the near future.
Tennille M. Robinson Senior content & Event producer for Inc. magazine
Melinda Emerson, “SmallBizLady,” is an engaging and witty speaker and a great addition to any conference. Her terrific presentation and compelling delivery give people the information they need and want to become their own bosses and grow success… Read more
Laurie Dalton White Conference Director, Pennsylvania Conference for Women
Melinda Emerson has been a fantastic small business and social media resource for the Pitney Bowes team. Not only is she personable and easy to work with, but she also has an innate understanding of the small business audience. My marketing programs … Read more
Justin Amendola, Former VP, Global SMB Digital Strategy, Pitney Bowes

Latest #SmallBizChat

Bringing in Industry Experts to Go Further Faster with Jy Maze Featured Image

The SmallBizChat Podcast: Bringing in Industry Experts to Go Further Faster with Jy Maze

  Jy Maze is a speaker, author, and community advocate. She’s the CEO of Maze Freight Solutions, a third-party logistics service based in Overland Park, Kansas. Maze Freight Solutions provides logistical services, including one or more elements of commercial procurement, supply chain management, and fulfillment activities for all sizes and categories of enterprises. Jy wanted […]

Fix Your Business Q&A Video

Recent Posts

  • The SmallBizChat Podcast: Bringing in Industry Experts to Go Further Faster with Jy Maze
  • 20 Email Marketing Tips for Small Business Owners
  • The SmallBizChat Podcast: Building and Running a Strong Family Business with Christine Noh
  • March 2023 #SmallBizChat: What Your Customer Wants and Can’t Tell You
  • How to Create an Email List to Grow Your Small Business

Categories

  • 10 Things Lists
  • 12 Things
  • 15 Things Series
  • 31 Ways to Boost Your Small Business
  • Ask Smallbizlady
  • Become Your Own Boss Tips
  • Branding & Marketing
  • Business Inspiration
  • BYOB2011
  • Cash Flow & Finance
  • Customer Service
  • Featured Post
  • Featured SmallBizChat
  • Fix Your Business
  • Grow Your Business
  • Guest Articles
  • How to Start
  • Leadership
  • Melinda Emerson @SmallBizLady
  • Mompreneurs
  • My Recommendations
  • Pink Slip Entrepreneurs
  • Q & A Interview
  • SmallBizChat
  • SmallBizChat Live+
  • SmallBizLady Recommends
  • SmallBizRadio
  • Social Media
  • Solopreneurs
  • Special Reports
  • Starting A Small Business
  • Teams
  • Technology
  • Telesummit
  • The SmallBizChat Podcast
  • Uncategorized
  • Women in Business
  • Your Small Business

#SmallBizChat

  • SmallBizChat Archive
  • @SmallBizLady

Business Advice

  • How to Start

SmallBizLady Store

Products

Free Chapter

Get In Touch

  • Write For Us
  • FAQ
  • Be a #SmallBizChat Guest
  • Contact Us
Copyright © 2023
Quintessence Entertainment, Inc
PO Box 280
Drexel Hill, PA 19026
(610) 352-0680
Privacy Policy · Refund Policy

Let’s Connect

  • facebook
  • instagram
  • tiktok
  • pinterest
  • linkedin
  • twitter
  • youtube
  • feedburner