In 2024 alone, Sebrae registered the opening of more than 3.7 million companies — 96% of which were small businesses . For those who dream of being their own boss, shaping the future and building something meaningful, entrepreneurship can be a good way out.
Many issues can lead to the decision to start a new business — need, dream of entrepreneurship, market opportunity, etc. However, this task can be challenging for many people, especially for those who have never had previous experience.
To learn how to start your own business, understand the specificities and obligations of a business, the advantages and the step-by-step process , continue reading this article.
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Why start your own business?
Opening and managing your own singapore whatsapp number data can happen for a variety of reasons, whether it’s a necessity or a desire to undertake . Even without experience, it’s an opportunity that people often find to build up assets and earn their own income.
Furthermore, in many cases, starting your own business can be a way to transform your passions and skills into a sustainable and potentially profitable source of income . Or, it can be a way to find a business opportunity that is an unmissable opportunity to grow your company.
Asaas came about this way: the founders found a market opportunity to solve customer pain points by offering features of a digital account focused on financial management . Piero Contezini , co-founder and president of the financial institution, states that:
Despite the technology sector having recently gone through challenging years, Asaas has grown more than 100% per year over the past 5 years, expanding its product offering and operational efficiency for its customers, and with healthy operations, going against the market trend. The company has proven to be attractive even in an adverse fundraising scenario, [for] national and international investors.
Asaas is an example of a company that started with a desire to undertake, with a market opportunity, starting with few resources and investment. Growth accelerated over 14 years and, in 2024, the institution received the Startups to Watch award, from Pequenas Empresas e Grandes Negócios magazine , in the Finance area.
What is the best business to start?
While there are many different market workforce management and niches to explore, there is no single best market to start a business in. Start by considering your passions, interests, and skills. Research your career areas and the type of work you want to do.
Next, research the market to identify opportunities and unmet demands. Analyze market trends, study the competition, and assess the financial viability of different business ideas .
Also consider your previous professional experiences and how they can be applied to the new venture. Also, think about how you can add value to the market and gain some kind of competitive advantage for the company.
When choosing a business type, consider your strengths, available resources, and long-term growth potential . By considering all of these factors, you can choose the best business for you, whether it’s in technology, services, finance, marketing, etc.
Find out how to open a consulting company and the mandatory requirements.
What are the advantages of starting a business?
When choosing to start their own business, all be numbers will experience several new benefits and advantages, whether in terms of profitability or even the freedom to manage their own time.
In short, owning your own business offers a combination of rewards that can make the journey challenging yet rewarding . Here are some of the main advantages of owning your own business:
- Independence and autonomy: starting your own business allows you to make decisions for your own company. The course of your business depends on your decisions, vision, and values. In other words, you don’t have to submit to the guidelines of an employer or supervisor and can follow your own path.
- Personal fulfillment: Building and running a successful business can bring a great sense of personal fulfillment. And so can seeing an idea become a reality and positively impacting the lives of others, living off this dream as your main source of income.
- Profit potential : This makes it easier to earn money compared to a traditional job. As the owner, you can set the prices of your products or services and retain the profits generated by your business.
- Flexible working hours : Entrepreneurs can decide their own working hours. Although starting a business requires hard work and dedication, it is possible to adjust activities to suit your needs.
Learn more about how to professionalize a company .
How to raise capital to set up a business?
Raising capital to start a business can be one of the biggest challenges for entrepreneurs — especially when starting out with little or no investment. However, there are several options available for financing a business venture.