Reasons why you should start your own business today

Some people love to be innovators, entrepreneurs, business owners; they take risks and put in lots of efforts and sustained efforts to start their business and keep it running. Whereas some people love to hide behind the shell, work from 8 to 4 from Mondays to Fridays, earn salaries for about 25 years of their life and retire afterwards. To people like this, they earn quite a lot and see no reason for starting up a business.

Starting your own business has over a thousand benefits; it has its own stress and could even come with its own frustration, but it’s always worth it in the end.

A lot of successful entrepreneurs once had their daily jobs but they saved up funds to start a business and became successful afterwards; if you are too scared of quitting your job for a business then you should adopt this strategy of working while running a business.

15 reasons you should start your own business today:

1. RETRENCHMENT

This is a strategy used by firms to cut down cost, so they lay-off employees in order to reduce payroll. Lots of employees have been affected by retrenchment; so what becomes of them afterwards? However, when you have your own business, you know you always have something to fall back to, and the more successful the business becomes the better for you.

2. RETIREMENT

Many people are scared of retirement, not because they don’t want to rest after 25 to 30 years of working, but they would lose lots of financial benefits they gained while working; so they have to plan for retirement, save for retirement and many cut cost off some luxury expenses they indulged in when they were working.

This isn’t the case as a business owner, you choose when to retire, and being retired still won’t stop you from being wealthy; a successful business owner is rich for life.

3. YOU LEAVE SOMETHING FOR YOUR CHILDREN

The best assets to leave for your children aren’t a fleet of cars, or houses and lands; the best asset you can leave for them is a successful business.

4. WHAT IF THE COMPANY FOLDS?

A lot of people have lost their means of livelihood, not because they wanted to, but because the company where they worked folded. A lot of companies have folded or have moved out of a region for various reasons — it’s a very common practice, and it has made many people lose a lot in life. But as a business owner, you’re never going to be scared of such incidences.

5. THERE IS NO CAP ON SALARY BASE

As a worker, you have a uniformed lifestyle even up to the financial aspects; there is always a specific salary to be paid every month with no other source of income to boost your pay — what the company pays you monthly is probably the highest amount of money you would have that month. But as a business owner, there is no limitation to your level of wealth; the more successful your business becomes, the wealthier you become too.

6. JOB SECURITY

We all love to have that job security, but it isn’t always possible when you are just a chain in the company. But when you own a business, your job is secure — you can never get sacked.

7. YOU PURSUE YOUR PASSION

Work could be boring sometimes (or even most times), but the only motivation that keep people going is the fact that they have something to earn at the end of the month. However, this is different with business owners; when you start a business of something you have passion for, work would be fun. We all have that passion for something; making money off it would make life feel even better.

8. FULFILLMENT

There is hardly a greater joy than owning a business and seeing it thrive and become successful; you have that sense of fulfillment; it’s like a mother who just gave birth, her pains become worth it the moment she carries her child in her arms.

9. YOU BECOME MORE EXPERIENCED

Even when you fail in a business, you become a better person off it because you’ve learned a way not to go about things and would gain ideas on a more plausible way. When you fail in business, you learn and come off better.

10. YOU WORK ANYWHERE

There is no better feeling than working anywhere you want to; sometimes being confined to a 4-squared corner could limit a person. As a business owner, you choose where to work, and that makes work even more fun and fulfilling. You could work at home, in your office, in a hotel…just anywhere you deem fit.

11. YOU SERVE AS A MENTOR AND SOURCE OF INSPIRATION TO OTHERS

When you own a business (especially a successful one), people look up to you, people want to be like you, they would see you as a source of inspiration; you can by this way help someone’s life

12. YOU LEARN MORE

Business is a learning process, and the more you are involved in a field of business, the more you know about that business — you become an expert in it with time.

13. MANAGE YOUR TIME

Time is money, time is precious, time is everything; but your time is curtailed when you live an 8 to 4 lifestyle. As a business owner, you have the power to bend or twist your time till it suits you.

14. YOU HELP THE ECONOMY

As a business owner, you also aid in the economic growth of your country or the country of your business by providing jobs for people, no matter how little it is. Unemployment is the seed of evil and underdevelopment in any country — more employment means lesser crime rate.

15. YOU BECOME MORE INNOVATIVE

When you grow in your business, it means you have become more creative and innovative; this would grow you as a person, your company and also the business industry at large.

Never let a day pass without thinking of what service you can render that would solve problems for a group of people… that’s how you would become an entrepreneur.

Start a business today.