During the past two years, many have questioned their purpose and way of living. The great resignation, an incredible phenomenon happening in the U.S and in many other countries around the world, is proof that the global pandemic has had a huge impact on the way people want to live and what truly matters to them, to their soul and how they can serve the world in a better way. If you are currently soul searching and asking yourself questions like: ‘Am I happy with my current job?’, ‘Am I at the right place?’, ‘What am I doing to fulfil my goals and dreams?’, the chances are that you might need to start a small business in 2022. While keeping in mind that successful companies are no longer existing to make profits but rather designing products and services that solve problems, you might feel better in this new entrepreneurial position.
E-Commerce is changing the game
It has never been that easy to set up a company. E-commerce is booming and has enabled so many business owners around the world to make a living and thrive rapidly. Today, you can start a service-based business with a laptop and a wifi connection, anywhere. You can start selling products online, through an e-commerce platform and deliver these products anywhere in the world while investing only in digital marketing and sales support. In addition, Covid-19 has demystified online shopping in Mauritius as people have been able to safely buy products and services, from the comfort of their homes and get delivered right away during the past two years. Not to mention that e-commerce will help you clear some overhead costs, avoiding you from ordering huge stock and enabling you to start making profits early in your business development stage.
Numerous schemes and funding options available in Mauritius
Our local governments have created several schemes and incentives for small businesses, with the help of the Development Bank of Mauritius and SME Mauritius Ltd. Whether it’s a loan, a grant or other sources of funding such as crowdlending, the options to start a business and get the support you need are endless. There are also angel investors that have removed their investments from several companies during the pandemic and have locked down their assets, in hopes of better days. This means that many investors are looking forward to investing in start-ups with innovative solutions again in 2022 and they are on the lookout for good ideas. You can also seek the help of non-governmental organisations such as Turbine Incubator to help you find reliable and trustworthy investors who can help you launch your business and give you advice.