It seems that job security for many people is a thing of the past. Therefore, many people turn to starting their own business. There are actually lots of good reasons for doing this. Here are a few reasons to start a business.
- YOU Control Your Destiny
When you start your own business you control your own destiny. You do not have to answer to anyone but yourself. Now this might be a problem if you are not disciplined and self-reliant. But if you are the type of person who is committed and self driven, then starting your own business is worth considering. No longer will you be told what to do by others, and be answerable to others for how you spend your time. You are in control.
- YOU Can Follow Your Passions
There is a book called ‘Who Moved My Cheese?’ by Spenser Johnson. The message is that you have choices. So if you don’t like where you are now, make a change. Unfortunately for them, most people don’t do this. It follows that many people are stuck in jobs they hate. When you start your own business, you can choose what niche your business is in. So you have the opportunity to do something you are passionate about.
- YOU Make The Rules
It is your business, so you make the rules. As you business grows and you need to employ people, you need to remember that you make the rules and your employees need to follow them. That is within reason of course as the government makes plenty of rules that you also need to abide by. But you set the targets, the deadlines and the hours of work, including your own. So you can have the option of having more flexibility in your lifestyle.
- YOU Can Make More Money
It can be very profitable when you run you own business. But you must be disciplined to keep excellent records and manage the business well. Many small business owners do not understand how the money trail works so it is vital that you develop an understanding to be able to manage the finances.
When you start your own business you have lots of opportunity as we have discussed. I need to caution you that it is not all beer and skittles. Running your own business can be very demanding when you have to deal with employees, customers, suppliers and financiers. You need to find a network where you can obtain training and information when you need it, a mentor who can assist you, and/or a group of likeminded people.
Here is a 16 minute movie based on the book ‘Who Moved My Cheese?’