You want to be an entrepreneur or a solopreneur but aren’t sure. Have you thought about why you would want to start a business?
“The best day to plant a tree is 20 years ago. The second best day is today” ~ Unknown
Like millions of people you want to be your own boss. The sad truth is that few ever do anything about it. Taking steps to create your own business can be exciting and scary at the same time. It comes down to a single decision to start. See our article This is where it begins. But for some, taking this step is life changing for the better. Here are 6 reasons to start your own business now.
What is Your Why?
Millions of people go through their lives without thinking too much about the future. The fact you are reading this article says you want more. A lot more. Most do not understand that by being an employee, you give up so much power to your employer. It is almost an everyday occurrence to hear about a company laying off hundreds, if not thousands, of employees. The big secret most employers don’t want you to know is they need to make a profit. No big secret there. However, employee turnover is expensive. Employers want to pay you as little as possible so they can make bigger profits, but enough to keep you from leaving. This is often the term job means “just over broke.”
Maybe this singular feeling is what is sparking change in you. Regardless of the reason, there has to be some situation or event arousing the idea to be your own boss. Everyone has their own, personal reasons, but if the reason is strong enough, it can be an unstoppable force. Here are the 6 reasons to start your own business now.
1. Independence.
As a business owner, you’re your own boss. You call the shots, you determine what type of work you do and what type of clients you do work for.
2. Lifestyle.
Secondly, because you’re in charge, you decide when and where you want to work. You decide if you want a brick and mortar business, or a virtual business, free to work remotely anywhere.
3. Financial rewards.
Next, any business can involve some level of risk, but it is your risk. You don’t have to worry about a decision made somewhere else to cut your job. You reap the benefits of your direct work.
4. Tax advantages.
As a business owner, and depending on your location, you get tax incentives just by being a business owner. Business owners get deductions for business expenses private individuals don’t quality for.
5. Personal satisfaction.
While starting up a business in the early phases can be pretty stressful and scary. Once you have a successful business, you will have great pride and satisfaction knowing you created something of value. While every business has its ups and downs, there is nothing like the feeling you are taking back control of your life.
6. Leaving a legacy.
Lastly, creating a sustainable business you can pass on to future generations is very comforting knowing you are doing something beyond you. You are creating value for years to come to those you care about. Helping others get a better start than you did is very gratifying.
Summary
In conclusion, there are many more reasons than the 6 reasons to start your own business now presented here. Perhaps you have only thought about this recently, or maybe you have dreamed about this for a long time. Either way, nothing will change until you do. Read everything you can on business startup, we have several articles here. It may take a little time, but the time is now to start making your tomorrow better.
William Wheeler is a consultant, storyteller, teacher and IT expert. He has been a national subject matter expert for several universities and has written dozens of college level courses and is a published author.
William R. Wheeler, CEO/Principle Consultant
Wheeler Management Group
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