10 Reasons to Start Your Own Business
They always say that you will never make any real money whilst working for someone else. More and more people are starting up on their own because they recognise that they can do a better job than the company for which they are working. Here are ten reasons why you should consider setting up your own start-up business and how you can benefit from it:
• High earning potential – if you are working for an employer, you are on fixed earnings. These earnings, especially in times of financial crisis, are not likely to rise and you may even see pay freezes. Working for yourself, whilst difficult to begin with until your business starts to pay, means that you have unlimited earning potential. How much you earn depends on how much you put into it.
• Getting paid your worth – do you get paid your worth in your current job? How many of us believe that our talents are going unnoticed? Working for yourself is another way to make sure that you are not only increasing your earning potential, but that you are paying yourself for your talents.
• Self and job satisfaction – how many people actually enjoy their jobs? Doing a great job for an employer very often goes unnoticed or someone with no morals comes along and claims the credit for your hard work. OK so you’ll have to take the rap if your own business goes wrong but the satisfaction gained from knowing that you did a great job far outweighs the initial hard work.
• Making the economy go round – in the long term, if your business succeeds, you may well need to take on staff. As long as you are a fair employer, then you have the satisfaction of knowing that you are providing work for someone else and that you are supporting the economy.
• Professional development – many companies claim at interview that they will enhance your career by offering you superb professional development opportunities; and then they never arise. You become a number on a payroll and you disappear into a sea of other faces. Running your own business means that you are responsible for your own development and you are concentrating on areas at which you know you are good.
• Answer to no one but yourself! Speaks for yes!
• Creativity – you can be as creative as your mind will allow and you will amaze yourself at how good you can be.
• Variety of work – no two days will be the same and nor should they be! Realistically, not many people want a repetitive job so being your own boss means you do what the business demands.
• Cut out the traffic – work from home or a local office space and you need never be stuck in those endless queues of people all looking as fed up as one another.
• Make it your second career if you are not ready to give up the day job just yet. You get the best of both worlds in that case.
So the benefits of starting up a business are wide and varied and the above list is by no means exhaustive. Make it your new year’s resolution and give it some thought!