When you saw the title of this article, did it spur something in the back of your mind that wouldn’t it be nice to start a business, be in control of my future, and create more wealth?
If it didn’t spur that in your mind, it should have. Especially in today’s economy where layoffs are prominent, technology is changing business and replacing jobs.
Look over these 10 reasons for starting your own business. If 4 or 5 of these reasons sound interesting to you, then you should take the next step.
1. Every day at the office will be motivating and rewarding.
When you work for someone else, it can be hard to find the motivation to do different tasks. And no matter how much work you put in and how much effort you put forth; the owners of the company will get the ultimate reward.
But when you’re the boss, you’ll find the motivation to work every day. All of that work will be leading you down the path to following your dreams, and that’s exciting. You are in control of your success for the first time.
The day-to-day excitement and vitality of your business depend on you, so you’ll be driven every day to be as productive as possible. You’ll know your hard work and drive will lead to results that will benefit you and your family.
2. You will be following your passion.
Many individuals who start their businesses do so to follow their dreams and fulfill some passion in their lives. Following your dreams will fulfill you much more than working for someone else will ever do. Since you are in charge of creating your business from the ground up, you can also shape your company to be something you’re proud of. You may even be able to pass this business on to your children as a legacy.
3. How about achieving financial independence?
Most people when they start their own business dream of financial comfort. Getting a company off the ground is indeed going to take sacrifice money, time, and effort. But with determination and hard work, there’s no limit to how much money you can make. If you aspire to build wealth and financial independence, there’s no reason that you can’t achieve those goals.
If you own a business, there are many financial benefits over working for a wage or a salary for someone else. The first benefit is that you’re building an asset that has not only the potential for growth but also the potential to be a valuable asset. As your business continues to grow it continues to be worth more. Someday you may decide to sell it or pass it down to one of your children. Either way, whatever you do, that business is valuable.
4. You are in control of your lifestyle and your schedule.
Today, the work/life balance has become more important and at the forefront of a desirable outcome in a career. Having your own business can give you a flexible lifestyle and schedule so you don’t feel like you’re just running in circles all the time for someone else. You can schedule meetings around the things that you need to do for your family. You can decide that you want to work from home. No one’s looking over your shoulder making sure you do it their way.
As we mentioned, starting a business is hard, and a flexible schedule and lifestyle may not happen right away. Even if you have to work long hours you know that you’re doing it for yourself and your family and the lifestyle you want is not far away in the future.
5. You can start from scratch.
Starting a business from the ground up gives you all of the options about the products or services that you’re going to offer, the way you’re going to hire and treat your employees, and whatever issues you had in the old job, you’ll be able to do something different in your business.
You’re probably not surprised that many people could never work for someone else again after sampling the freedom of being their own boss.
6. Business owners get a lot of tax breaks.
Starting your business takes money and it’ll take a little bit of time to turn a profit, but you can start taking advantage of tax breaks right away. The US tax laws and government programs support small business ownership and seek to reward entrepreneurs with impressive tax incentives.
There are a variety of programs that are aimed specifically at businesses that are started by minorities, women, disabled individuals, and veterans. You may be able to acquire grant funding and other support to get your business started.
7. For the first time, you’ll have true job security.
The effort of climbing the corporate ladder is hard. You never know if or when you’ll be promoted, get a raise, or be handed a pink slip. These decisions are in somebody else’s hands and beyond your control. Someone else controls your destiny and your future.
When you start your own business, you’ll be investing in your future and your job security.
8. You’ll become an expert in a lot of different areas and develop a large range of skills.
You’ll be wearing a lot of different hats when you start your business, and you will pick up a lot of new skills. You’ll have to learn how to manage employees, inventory management, customer service, budgeting, and other administrative functions. You’ll soon be a professional in your industry.
You’ll also be an expert in every function of your business so that as you expand and hire other employees, you will have your finger on the pulse of every function of your company.
9. You’ll have the freedom to be creative.
Since it’s up to you what your business will produce, sell, and offer, you can come up with ideas or develop concepts that no one has ever thought of before. Even if you stay in the mainstream market with your product or service, every day as an entrepreneur allows you to find new innovative ways to sell your product or service.
10. You’ll have the opportunity to pursue charitable goals.
Many entrepreneurs find that they have time and want to dedicate their company to supporting nonprofits, charities, or community efforts with profits. Maybe you want to set up your business to solve problems in your community or the world altogether. Starting your own business allows you the opportunity to make the world better.
Conclusion
Deciding to start your own business is a leap of faith. It requires pushing out of your comfort zone and trying something new. If that idea excites you, why wait around? The time is now!
Give me a call or set up a time on my calendar to discuss your dreams and goals. Let’s see if we can make those happen together.
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