Starting a business is intimidating. There are plenty of reasons to avoid being an entrepreneur, but taking the risk will be more fulfilling than working for someone else. If you have always wanted to be an entrepreneur, but need a little more convincing, we have 10 reasons to start your own business that will show you the many benefits of doing so.
Related article: 6 Questions to Ask Before Starting a Business
1. You Decide Where You Work From
You will be able to decide where you work. One of the many benefits of starting your own business is deciding where you get to set up shop. You can work from home or get your own creative space that will help your business expand.
2. You Set The Pace
When you work for someone else, you are always under pressure to work to meet deadlines and work at the pace set out for you. Having your own business will allow you to work at your own pace and deal with stresses that you will not mind, because you know that all your hard work is for YOU and that is worth it.
3. Follow Dreams
So many people find themselves working a job they hate and that leads to disillusionment and frustrations. Although it is not always possible, try to turn your passion into a career you will enjoy everyday. Starting your own business because you want to follow your dreams is a great way in making sure it becomes a success.
Starting your own business will force you to take on more than one role and that is exciting. While being a jack-of-all-trades is usually looked down on, having to wear various hats will increase your knowledge in all aspects of your business and you can become an expert in more than one field, which could be invaluable for your business’ growth and credibility.
5. Create Your Own Legacy
Having a business of your own means that you can leave a legacy for your children. Every parent wants to be able to provide the best for their children and starting a business can do that. Not only will you influence and inspire your children to follow their dreams, you can also teach them lessons in hard work and its rewards.
6. Learning New Skills
In starting your own business, you will be forced to learn new skills all the time. In order to be the best, you need knowledge and you will require learning as much as possible to be ahead of the game in whatever industry you are in.
7. Create Employment
We know the importance of job creation especially here in South Africa. By starting your own business, you have the opportunity to provide work for other people. When you have the responsibility of employing people, you add to your influence in being a credible businessperson.
8. Inspiring Others
You can inspire others to become more entrepreneurial when you start your own business. People are always inspired by the success stories of ordinary people who decided to follow their heart and pursue their goals to be a successful businessperson. There are so many ways people can create their own businesses, sometimes they just need a little rousing example from someone else.
9. Express Creativity
You get to be your own boss, decide how you want your company to be run and you can express your creativity. For any business to evolve and stay relevant, a degree of creativity is required to make sure it stays abreast of the latest trends in the market. In your own business, you get to test and flex those creative muscles regularly, which will help you stay sharp all the time.
10. Brand Definition
You can really define what you want your business and personal brand to be when your business is your own. Take control of your company’s success and be really responsible for the product/ service you offer people. You will soon be proud of it.
If you have wanted to start your own business for a long time, it is time you begin to put things into action. You know what needs to be done and all you need to do is set up your own perfect plan and realise these 10 reasons to be an entrepreneur!
Written by Busi Nhlapo