With just a little planning and effort you can be the owner of your very own business. Most people are capable of running a business. If you have ever worked for someone else (which most people have) then you are capable of running a business.
Think when you go to work for a company, the company pays you to do something and they then profit from that thing. Even after paying you and all the expenses of running an office or shop or other business premises they still profit.
So the value of what you do for someone else is probably two to four times the amount you are being paid. And you don’t retain residual benefits from your job either.
Here is a list of 10 reasons you should be starting a business.
1.) Become Unsackable
I do not suggest you quit your job to start a business because a job offers a reliable paycheck which is something most small businesses can not. That said a business can produce good money (see number 6).
If you build a business while you stay at work then no matter what happens you have something to occupy your time in return for money (an Occupation). So there will never be a gap in your Resume ever again.
When your business grows to a point that you can pay your bills then if your boss is annoying you you can just quit and focus on your business. If someone is pressuring you to do something you don’t want to do you don’t need to do it because you are not reliant on your job as you have a business that you can’t be sacked from.
You are Unsackable.
2.) Follow You Passion
I think you should have three hobbies.
One To keep your body fit.
One To keep your mind fit and
One To Keep your finances fit.
Starting your own business will most likely not result in wild success like Richard Branson or Bill Gates, although it is possible. But you do stand a good chance at carving a career or extra income from something you enjoy doing.
If you do something that you enjoy for a living then you will never work a day in your life.
When you start a business and people ask you what you do you start having much more interesting conversations than simply stating your job title. You can talk in detail about how your business started and how it is developing things you do now, things you have done, and things you might do in the future. Not only this but your career turns into an interesting ongoing story. You never know that person you speak to over a beer or at the gym may lead to a recommendation further down the line.
3.) Your Business Your Deadlines
Whatever job you do, there will be some way to monitor your time spent. I’ve done loads of jobs all with differing timekeeping methods. My first job was grooming horses, it was technically child labour as I lied about my age so I could get more money. They used a big clock and you started work 10am then worked until lunchtime where everyone sat down to eat (the food was great too which was a nice bonus) then you worked until 5 pm.
My next job I had to click in with a special key which to this day I have no idea how it worked, that was for the Royal Air Force (as a civilian).
After that I had to be sign in and get it countersigned for proof, which was a hassle so I left that job. Then I had a salaried job. See difference between salaried and wage jobs.
Then I had to clock in with a time card which clicked over every 15 minutes, so I tried to clock in at 04:59 and clock out at 19:59 ( I worked long hours which lead me to quit after a few years)
Then I clocked in with an electronic swipe card and got paid for every second I was in the office, literally). Then I lost my job and started working full time on my business. (See How I Lost My Job & Why It’s The Best Thing Ever)
My point is no matter what the method your time is traded for money. And because of that you get put under great pressure to hit deadlines which make your time even more profitable for the company.
When you start your own company you are in control of your own deadlines and you get rewarded fully when you meet them. If you want money faster you make tighter deadlines. If you need an easier time for a while you give yourself longer deadlines.
You have the Power basically.
4.) Be Creative
when you start your own business, you have the option to be as creative as you like. Whether starting business on the side the hopes of having a full-time income, or just as extra income it is important to have a sense of enjoyment from that business. With that said, just like I mentioned above, you can make money out of something you enjoy. No matter what it is you can be creative in business.
Whether starting an e-book business, arts and crafts business window cleaning business. Whatever type of business it is you can flex your creative muscles and turn it into something interesting. I mentioned above that my first job was working with horses. This was a job outside a lot of manual labour. Had I continued working with horses and turned it into a job I could easily have been creative with many aspects of the job. Whereas in the work environment, I would be set tasks to do have to achieve them in a certain time frame.
If I would start my own business I would I could choose where I focus my energy how long to give certain tasks and tasks to maybe improve the manner in which I do them. This is how make any business a creative one.
For example, when starting my websites business. I spent a lot of time developing and creating new methods of gaining and working with clients. This provided me with much satisfaction and quenched my creative first.
5.) Easier Than You Think
the fifth point is that it is easier than you think to start a business. When I first started the business I was terrified and very overwhelmed. I spend lot of time thinking and developing ideas of what I would like to do and very little time actually doing anything. This was because I was scared that there was too much work involved, and running a business is beyond my capabilities.
As it turned out. Once I got in over the fact that there was a lot of work to do. And once I narrowed everything down into a shorter to do list. I was able to start building my business at a fairly rapid pace. I had my first client within one month of actively starting my business. All my ideas into to do list and then I wrote out a set of tasks that I would need to complete in order to take off each item and one by one. I went through each task and my business been built within a matter of months.
The great news is you can do this to be simply need to not let anything hold you back right yourself. Our list of things you want to achieve this set of tasks that you need to achieve those and get to it.
Simply take action. You don’t get anywhere in life by not doing stuff.
6.) More Money
you can earn more money and older people would probably expect this to be number one on our list. It certainly was for me the main reason for starting a business to get more money. So why did I simply not go out and get another job?
Since I lost my job and had to do business full-time. I’ve often contemplated what made me stay in a job and why did I start a business. If all I want to lose money? After all, most businesses fail within the first year and those that don’t fail in the first year almost all of them fail within the first 10 years. So what made me want to go into a line of work (business) when 90% of people fail?
Tell you what it was. I believed that I could be one of those people that didn’t fail learned a lot of lessons in life about determination to keep going and the practice practice practice doesn’t make perfect, but it helps you to know exactly when and how to do things that is something I learned from Kayaking , amongst other things.
So for this reason, I’ve placed more money at number six. Because in the beginning you are not necessarily guaranteed to get more money. It is a nice and very very good reason for starting a business, and once you’ve got the money, your income becomes more reliable than a job. This is because you hold all the power, you have the contacts you got the business set up to provide the services you make more money from up selling you make more money from more work and when people need your product or service again, they will likely come back to you. Where is if you have a 9-to-5 job. You can loose a job at any moment.
7.) Stress With A Purpose
stress with a purpose. This is something I’ve seen people achieving ever since I got into the world of business. When you go to a job like I have mentioned a few times above your weapon to someone else. You’re working for someone else deadlines what someone else’s profits you’re developing someone else’s business. In one case, I was actually asked to join a business set up a section of that company, which was basically exactly my business that basically want my business to become part of their business and they hate me a wage lower than the amouth I was earning so why would I do that?
Well, the main reason to do it would be a stable, steady income. I know exactly how much is coming into my bank every single month. The reason I turned it down was because if I earn below that amount I would surely lose my job. However, if I put the same amount of effort. I will get all of the money and if my income went down then dies all happen. My income would go down and I could adjust my lifestyle accordingly.
Running a business will likely present you with more challenges, more stress, more work than you’ve ever had to do, but the main benefit is that you get all the rewards in your life is filled with purpose because you know what the result will be from your hard work. It is easy to forget the outcome. When you’re done, you go in, day after day doing the same hours the same work. The same boss when you actually see things from beginning to end that when you start to feel that stress with the purpose.
8.) Be The Boss
Another key benefit that has been highlighted above a few times. It’s a you get to be the own boss, it’s your business, you do things your way. If you’re unhappy with how your job is going, then you simply adjust your business.
Everything is under your control. You’re not at the mercy of someone else, although as your business expands. You may find that you start answering tomorrow. More people, but in the early stages and if you only want a small business as long as you provide the service or product to your client. You can run your business the way you want to run it.
For example, I know somebody that creates products and sells them as a sideline business. Sometimes they do this outside when it’s sunny. Sometimes they do this inside another pyjamas were drinking hot chocolate on rainy days and cold days. This is the brilliance of owning your own business is that you can do things your way on your terms.
9.) Cut The Commute
this one in my mind is a huge benefit because of the stress and time you save yourself not to mention not having to brave the weather. By cutting the commute. You can save yourself hours each day, which you can dedicate to other things or even to expanding your business further.
in many ways this should be number one on my list. Just like money at number six. Time is often cited as one of the main reasons for starting a business. However, something you find out very quickly when getting serious about running your own business is that you are not, can have copious amounts of time.
Whether starting small businesses away to get extra cash or whether you’re looking for the full-time income, or to create a large business in a long-term. Starting a business will most likely give you less time than if you had a 9-to-5 job.
So why is time even on my list time is on my list? The because when you have a business unlike having a job, you get to dictate the time that you spend how much time which time and how frequently that is the main benefit when it comes to time of running your own business.