Why Owning A Small Business Makes Sense

cowboy-store-632725_640-300x300CNBC took a poll.  The results?  Sixty-two percent of Americans have more faith in small businesses than they do corporations. This is great news for entrepreneurs ready to take charge of their finances and their futures.

According to CNBC, May 4, 2015, even politicians agree…

In modern American politics, Democrats and Republicans disagree on virtually everything—except the virtues of small business.

The small business sector is “the backbone of the U.S. economy,” said the Republican Party platform.

It is “the engine of job growth,” said the Democratic platform.

So where do you start?

Think outside the box.

For example, US Today Money claimed that these were the best places to retire in 2010:

  1. Raleigh-Cary, N.C.: 60 percent
  2. Austin-Round Rock, Texas: 53 percent
  3. Las Vegas-Paradise, Nev.: 50 percent
  4. Boise City-Nampa, Idaho: 46 percent
  5. Atlanta-Sandy Springs-Marietta, Ga.: 44 percent
  6. Provo-Orem, Utah: 42 percent
  7. Colorado Springs, Colo.: 40 percent
  8. Houston-Sugar Land-Baytown, Texas: 39 percent
  9. Dallas-Fort Worth-Arlington, Texas: 38 percent
  10. Charlotte-Gastonia-Concord, N.C.-S.C.: 36 percent

Source: Brookings Institution analysis of Census Bureau data, 2010.

If they are correct and you live in one of these areas, hundreds, maybe thousands, of businesses are needed for elder care, recreation, housing, foods and hobbies. Can you meet the needs of this group?

Switch gears. Consider the younger generations.  Families with children are great consumers. They need everything from baby products and food to athletic equipment and school supplies. http://www.parenting.com/family-time/home/top-10-best-cities-families-2014

Best places to live in 2015? Use this information to examine the possibilities. http://livability.com/best-places/top-100-best-places-to-live/2015  Does your new business have a market in one of these places?

Wherever you live, Peterson Acquisitions can help you choose a business that best suits you and your needs or help you evaluate which businesses would thrive in your area.