America has been built upon a culture of rugged individualism, and self-reliance. These values have instilled in many Americans the desire to start their own businesses. Even some of the world’s largest international companies like Coca-Cola, Amazon, and Walmart had humble beginnings as small, entrepreneur-driven enterprises.
Owning a small business can help people improve their lives by allowing them to escape the “rat race” of typical working life; and instead to gradually build wealth while enjoying greater freedom and independence. It’s important for entrepreneurs to be in the right businesses, though.
Prospective business owners need a solution that will grant them the autonomy they seek but still provide them with a steady stream of income. Many have found that the best option is to start a turnkey or cash-based business. Laundromats, car washes, vending machines, and even amusement-based operations like arcades, batting cages, or other specialty stores are all ideal options. These industries are proven to be lucrative and represent an attractive alternative to the typical 9-5 job.
Standard Change Makers creates products like change machines, pay stations, bill exchangers, and other payment solutions that enable turnkey and cash-based businesses to perform their daily operations.
These individuals have realized that perks of business ownership allow them to have an unprecedented level of freedom. These individuals want to be their own bosses, make good money, and work on a schedule that suits their needs, not someone else’s.
For example, take a hard working saleswoman named Jody, who decides that after a 20-year career at a large corporation, she would like to branch out and start her own business. She plans to be present at her business most days, but it needs to be able to operate without her when she wants to travel. The ideal business for somebody like this would be quick to set up, have few employees, and be cash-based.
Jody may do some research and quickly discover that one area of her city is growing rapidly, but there are currently no laundromats there despite the fact that upcoming apartment complexes will have no laundry onsite. Jody decides to use this lack of foresight on the part of the developers to her benefit by opening a laundromat near some of the larger developments. After leasing a space and purchasing washers and dryers, all Jody needs is a system that will allow her customers to make change for the machines or swipe their cards to pay. So, she purchases various Standard Change machines to suit her needs. Jody’s vision is on track for success!
There are many great reasons why this example can apply to a large number of entrepreneurs. Small businesses have created over 65% of new jobs since 1995. Over three-quarters of these companies are “non-employers,” i.e. businesses like Jody’s in which the owner is self-employed but does not have additional employees. Revenues from non-employers in the US reached $989.6 billion in 2011, with laundromats alone raking in about $5 billion.
There are also great reasons Jody specifically selected a cash-based business. About one in five Americans are currently “unbanked,” meaning they don’t have bank accounts and only do all their personal business with cash. Jody can do business with these customers where other businesses may not reach them. Her business is at a low risk for fraud, and she receives all of her funds in real time by using cash.
Growing numbers of people find that they no longer want to waste their lives working for somebody else. They want to start their own businesses that will allow them to maximize their freedom and bring in steady profits. Standard Change-Makers products allow these businesses and entrepreneurs to safely, securely, and smoothly receive cash and convert customers’ cash into change they can use.