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6 reasons why to start your own business

Date: 10/16/2016 | Category: Business | Author: Petr Litavec
  1. Money – Most people start a business for money – you are not working for anyone, all profits are going directly to you, which means you have more motivation as well. Also, there are many jobs where the gap between being employee and being an owner are quite small, such as being a consultant.
  2. Often, it is not that much different than your daily job. If you are a marketing specialist, for example, you will be thinking about how to reach your customer’s advertising goals the same as you did when you were not self-employed. You are not entering any unknown territory, so there is no reason to be afraid of not being able to handle having your own business.
  3. You can be your own boss – nobody will ever tell you are late, that you are not working enough, or that you should stay longer. All of these decisions are up to you and only you. You can work whenever you want, wherever you want. You can also do things your own way. Many people become irritated with their jobs because even though they clearly see when a process will not work, when things are too expensive, and when strategies are ineffective, nobody listens. You will never face these issues when running your own business.
  4. Creativity – When you own a business, your creative side can fully blossom. You are no longer limited by others’ inability to see brilliance. You do not have to call a meeting and convince a group of executives that your plan will work. You can just do it without restraint.
  5. Personal charisma – You simply look better and are treated with greater respect when people know you are a business owner. It does not always matter whether you run a big corporation or just a small shop. A business owner is a business owner.
  6. Gaining experience – By starting and running a business, you will gain a lot of valuable experience. Managing, proposing and closing deals, and marketing – these are only a small part of the variety of things which you can improve your skills in. This freedom of experience has two benefits: In case you decide to end your business and return to a conventional job, you can add “Business owner” to your resume, which is a very valuable asset to a potential employer. Additionally, you will also be more respected at your new job, because you will be known as a seasoned, smart businessperson. The second benefit comes in handy when you decide to start another business. You will be able to handle difficult situations with greater deftness of skill, and you will also feel more comfortable because you simply know what to expect and how to do it – from incorporating your business to accounting and filing tax returns.
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