Major Reasons to Start Your own Business
Being Your Own Boss
If you have your own business, the only person you have to answer to is yourself. Being your own boss gives you the freedom to do things your way and implement your own plans. Of course, you live or die by your decisions, but that’s what’s good about it, isn’t it?
Doing what you love or at least have a keen interest in
The good thing about being an entrepreneur is that you can choose what kind of ﬁrm you start up, and where. So, provided that you’ve done your research properly and there is a gap in the market, you can turn a hobby or interest into a proﬁtable enterprise.
Playing by your own rules
Start your own ﬁrm and you get to set and meet your own deadlines. Of course, you won’t be able to just lie in bed until 2 pm you will need self discipline. But meeting your own targets can be a huge motivation to work hard and drive the business forward.
The freedom to express yourself
If you have considered going it alone, you will have thought out how you would do things your way. You will have the freedom to express yourself and develop your concept in any way you choose. Of course, there may be ﬁnancial constraints, but you will have the opportunity to be as creative as you like.
Plenty of support available
The news is full of stories about the amount of red tape and taxes that small ﬁrms have to face on a daily basis. However, over the past few years, several measures have been introduced that should make it easier to go it alone.
Make a fortune or at least enough to live
There are countless stories of entrepreneurs hitting on a great idea, exploiting it successfully and being well on their way to their ﬁrst million by the end of the year. Although the startup process can be tough, with long hours and little money not uncommon, if you run your business well, the rewards can be huge. And, from a purely selﬁsh point of view, you will get most of the proﬁts yourself.
Doing a variety of things
Dealing with spreadsheets one minute, suppliers the next and then having a look around your new ofﬁce an entrepreneur’s work is not just busy, it is also extremely varied. If you want a career where every day is different, going it alone could be for you.
Have a second career
Of course, if you don’t want to give up a regular income, you can always get the best of both worlds and remain as an employee while running your own ﬁrm. Although juggling the two can be tricky, having a successful sideline should be a proﬁtable option. Do something that you are interested in and go for it.
Cutting commuting by setting up close to home
Although most small ﬁrms operate from ofﬁces, many entrepreneurs ﬁnd that operating from home helps keep costs down in the early stages. As well as having familiar, comfortable surroundings to work in, you don’t have to endure the daily tangle with public transport or clogged up roads.
Realizing your big dream
You may feel that starting up a small ﬁrm won’t lead to anything more than having your own desk and taking on a few extra staff. However, it’s possible to make it really big. What are you waiting for?