20 Reasons to Start Your Own Business

Are you tired of those horrible bosses at your place of work? Well, maybe they’re not that horrible.  What about the files that pile your desk every Monday morning ? Aren’t those just annoying! Besides that, it isn’t gratifying- especially when you have the dream to start your own business.

If you do want to start your own business, there’s no reason you should wait any further. We present you our top 20 reasons why you should stop feeling bad about your life. Reasons why you should  start mapping out the plans to start your business. 

Okay , let’s give you all the motivations you need to start your business right away.

20 reasons to start your own business

There are numerous reasons to start your own business. Some are financial. Some personal and others are out of plan convenience. 

No matter your goal, if you’re still unsure about starting your own business, check out these reasons starting your own business might be the best choice for you.

1. Full Control

It’s your business; you call the shots; you pull all the strings. No significant decision is made without your knowledge. You have 100% control over your business and how you run it. 

You also get to decide on what directions it should take and implement the best quality control measures. Isn’t that just appealing?

2. Creative Freedom

In the same vein as having full control of your business, being your boss means total creative freedom. You won’t be restrained by company policies, quotas, or working your whole life to fulfil another person’s vision. 

You paint out the image you have for your company, and you take it there. Slowly through blood, sweat, and tears, you mound the company of your dream. 

3. Less Bureaucracy 

If you have ever been trapped under multiple layers of bureaucracy, you know how stifling it can be both to your creativity and upward advancement. It gets tedious. It is mentally wrecking and emotionally draining. 

You can avoid these piles of paperwork and red-tapism by being your boss and answering only to yourself.

4. Job Creation

As an entrepreneur and business owner, you provide an essential service to the community- job creation. 

Private business owners are, by far, the largest employers of labour in the world. You can be one of them. 

You can provide work and financial freedom for other members of your local community.

5. Lower Taxes

While this shouldn’t be your main reason for starting a business, it can be a bonus. Small business owners usually enjoy tax cuts and benefits from the government both as incentives and aids. So why not cash into this opportunity and save some money while you make money.

6. Unlimited Potential for Expansion 

It’s your business, your dream, your vision. You take it as far as you want it to go. Nobody is stopping you, and no company policy can limit your creativity, the only hindrance to your growth is how much you’re willing to put into it. So put in the elbow grease and make your dreams a reality.

7. Greater Sense of Fulfillment and Pride

Owning your own business can be a significant source of fulfilment in life, as well as a source of pride. There’s no better feeling than looking back and saying that you built all this from the ground up with nothing but grit, your wits and hard work.

8. Social Entrepreneurship 

Social entrepreneurship is another way of giving back to society. Instead of gearing your business solely towards making a profit, look for ways to add to the community. Lift others and give back to a system that helped make you who you are.

9. Flexible Work Hours

This flexibility is especially appealing to those of us who are tired of the standard 9-5 desk job. As a business owner, you can choose your hours (within reason, of course).

Be flexible; find when you are most creative or most productive. Try and avoid being too rigid.

10. You Make More Income

Owning your own business means writing your paycheck. No more are you a slave to the evils of capitalism and the salary divide between employers and employees. Your profit is yours alone, so reap your benefits.

11. Create Your Job Security 

If you work for yourself, obviously it’s unlikely you’ll wake up and fire yourself for incompetence (unless you have a split personality disorder).

Job security is one of the significant benefits of owning your own business and one of the main perks of the decision.

12. More Opportunities to Mentor, Be Mentored and Build Your Network

Being your boss means you meet so many people directly and get to share personal experiences with them, as well as give and take advice.

This is an excellent opportunity to get to have a one-on-one encounter with so many people from different backgrounds.

13. Flexible Vacation Time

Who said there aren’t any perks to being your boss? No one knows when you need a break better than you do, so use that privilege wisely.

Know when it’s time to sit back and reset, this head you maximize both your productivity and creativity.

14. Create Your Brand

Everybody wants to leave something behind- a unique signature that is theirs alone. Building a successful business is closely tied to identifying your brand and aiming all your decisions towards that. 

15. Challenge Yourself

Starting your own business is an opportunity to test yourself truly. It is a chance to know your limits and weaknesses, as well as your strengths. It is your chance to indeed find yourself as an entrepreneur and as a business person.

16. You Can Inspire Others

It is an opportunity to act as a mentor, a guardian, and to inspire those around you. Through your stories, personal experiences and advice, you can help train up the next generation of entrepreneurs.

17. Quality Assurance 

It’s your brand, your service and your product. You decide the calibre of quality and the level of attention to detail you desire for your brand. You can make sure to provide the level of service that you aspire to deliver.

18. A Chance to Follow Your Dreams

Starting your own business is a dream come true for some and an opportunity to follow a lifelong desire and make it a reality. It brings a sense of pride and fulfilment to your life.

19. An Opportunity to Leave a Legacy Behind

Leaving a legacy behind is more than what most people can dream of achieving in their lifetime. It is a chance to leave a lasting impression and mark your footprint on the sands of time. Honestly, what more can one wish for in life?

20. A Chance to Change Your World

One of the highest things one can strive towards in life is an opportunity to better the lives of those around him and society as a whole. With your own business, you can affect change to the world as freely as you wish.

Walk the beautiful path!

In reality, building your own business is not as easy as it might seem. It can be challenging starting up. It will take a lot from you: your time; your energy; maybe an aspect of your social life. But you‘ll come to realize that there’s nothing more rewarding than being your boss.