Michael Newman’s latest é-Wealth Daily’ article is titled “A Perfect Economy for New Entrepreneurs”. [‘e-Wealth Daily’Article]

Michael Newman’s latest ‘e-Wealth Daily’ article:

A Perfect Economy for New Entrepreneurs

There’s never been a better time for you to get out there and flex your entrepreneurial muscle. In a recent article, I started to give you some reasons why the climate is right for you to get out there and start your own business. Today, I’ll continue with that theme and offer a couple more ideas on why this is an ideal setting to grow a new small business.

For most potential entrepreneurs, one of the biggest barriers to starting a business is the start-up cost. Well, in 2011, it’s never been cheaper; start-up costs are low. With the technological capabilities available today and the low price tag attached to them, the tools needed to operate a business have never been more accessible.

Add in the fact that commercial real estate prices are low and there are plenty of talented people out there looking for a job, start-up costs are a fraction of what they were a couple of years
ago.

What makes it even cheaper is the availability of social media tools like Facebook and Twitter. Even sites like Groupon have proven to be great, low-cost promotional tools for businesses. Companies no longer need a massive marketing budget to get out there and advertise in the traditional way. You can do it for little-to-no cost. And if you’re not comfortable operating in these various social media platforms, there are a number of
freelance workers who are.

In addition to low start-up costs, money is once again flowing in our economy. Retail shoppers and corporations have both begun to resume spending, so if you’ve got the right product,
you can definitely cash in on this renewed growth.

The most important thing to keep in mind is that, these days, customers are looking for value over anything else. It’s not so much about low prices, but rather about getting the most bang for their buck. Finding a unique way to offer your product is essential if you want your business to succeed. Look for ways to differentiate your business by finding a new way to satisfy your markets needs.

The time is right for you to start seriously considering the possibility of starting your own business. The current economic conditions provide a fertile environment for those willing to grow a small business. By taking advantage of these conditions and coming up with a unique idea, you could experience great rewards as a business owner in the years to come.

e-Wealth Daily

About e-Wealth Daily

The e-Wealth Daily Bulletin brings you daily tips, advice and breaking news related to home businesses, small businesses and internet marketing. Our team of experts gives you the information you need to take your business pursuits to the most profitable level. Founded by Adrian Newman in 2003, the e-Wealth Daily Bulletin and www.ewealthdaily.com are a division of Lombardi Publishing with online newsletters reaching over 100,000 subscribers each month.

* IMNewsWatch would like to thank e-Wealth Daily for granting permission to reprint this article.

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