We’ve been writing about office productivity and office efficiency for a decent amount of time now. However, all the articles we’ve written till now have been based on one assumption. This assumption is that the reader i.e. you already have a business. However, one of our readers recently made us aware that we also need to cater to people who don’t already have a business and are looking to set one up. So, we decided to set up a series of posts which we’ll title ‘the startup strategy series’.
This post is going to be the first of many in the startup strategy series designed to help you start your own business. So, if you’re a budding entrepreneur looking to achieve your dream of starting your own business, then this guide is a must read for you.
If you’re still unsure if you want to start your own business, then this post is the ideal launch pad. It makes sense for us to start the startup strategy series with the question of why should you want to set up your own business in the first place. There could be many reasons for this depending on the individual but here are a few that are most common.
You Become the Master of Your Own Future When You Start Your Own Business
There are two types of people in this world. The first are those who have no problems following others. These are individuals who actually invite instructions from others on various things because it makes them feel safe to not have to decide on anything and be responsible for the consequences after that decision.
The second are those who simply can’t swallow being ordered around. These are individuals who almost always have opinions about everything and feel that they can plan and perform something far better than how it is being done right now. These are also people who believe in taking responsibility for their decisions, good or bad.
Needless to say, if you fall in the second type of people, then you’d want to decide where your future lies. Moreover, if you fall in this category then it will bother you that someone else gets to tell you what to do in your professional life.
Thus, as you most probably have already figured out in a way, the biggest reason why you should start your own business is that doing so will allow you to be a master of your own destiny. This means that you’ll be able to follow your passion, irrespective of which industry, sector, niche, or profession it falls under because there is a business waiting to be set up in every category.
Another benefit of controlling your own destiny is that you get to decide when you want to work, how much you want to work, and whether it is worth it or not. Your routines are your own and you define what work – life balance you want to have.
You Don’t Work ‘For’ You Work ‘With’ When You Start Your Own Business
If you’ve been working for a while, then you already know this: working for someone can be one of the most frustrating things in life. This includes working for large multinational corporations and even national business behemoths.
The company or the entrepreneur always expects you to tow the party line, conform to the company principles, and even put the interests of the company above your personal requirements. If you quit in favour of joining a competitor, then you’re reviled in the previous company. It’s all another form of social control.
Most seasoned entrepreneurs, themselves, will tell you that one of the biggest reasons why you should start your own business is so you can stop working ‘for’ and start working ‘with’.
One of the reasons why working ‘with’ is better than working ‘for’ is that your finances won’t depend on someone else. Becoming financially independent should be one of your lifetime goals and the best way to achieve such a goal is to start your own business.
The Risk – Reward Relationship in Running a Business Can Be Exhilarating
The truly successful entrepreneurs have often described running a business as a high stakes game where how successful you are depends on how much knowledge you have and how far you can see.
However, success in running a business is counterbalanced by huge risks as well. Therefore, if you like a little bit of excitement in your life, then you will enjoy the risk – reward relationship inherent in running a business.
It’s A Constant Challenge That Will Force You Learn New Skills
Running any business is a constant challenge, irrespective of how experienced or fresh you are in the world of entrepreneurship. Being challenged on a nonstop basis, however, has its own value.
If you’re constantly challenged, then that means that you’re dealing with various problems. In other words, it means that you’re constantly solving problems of various types and difficulty levels.
You’ll only be able to do this if you gain new experiences and learn new skills. Most seasoned entrepreneurs take their business focused experiences and turn them into life lessons. It is actually possible to learn to improve your life simply by running a business and paying heed to what new experiences you gain.
Hence, if you like to grow in life, then you should definitely start your own business.
You Can Contribute To the Community with Your Business
When you work for someone, it can be very difficult to grow beyond your own needs. What this means is that when you are employed under someone else, it is highly unlikely that you will grow to a point where you’ll be able to think about your community above and beyond yourself and your family.
However, if you start your own business and it grows as per your dreams, then there will come a time when you’ll have the opportunity to give back to your community.
Contributing to your community can be very rewarding especially if you don’t have to cut down on your own needs to make up that contribution.
You Have a Chance to Leave a Legacy behind When You Start Your Own Business
When you start your own business, you’re essentially creating something. If you manage to make it work according to how you imagined it, then you didn’t only create something but also made it successful. There is an element of pride and satisfaction involved in doing both these things.
This feeling of being able to do something well and creating something successful can be very heartening especially when you grow old. Furthermore, there is another sense of satisfaction involved with the process.
If you start you own business and make it work, then you have the option of handing it to your children when you grow old. Thus, starting your own business becomes a way for you to insure your children’s future from uncertainties and problems.
These are all valid and solid reasons that should make you want to start your own business. The only reason for you to hesitate now is because you don’t know how to go about it. Well, stick around, keep an eye on this blog, and further posts in this series should help you along.
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