Entrepreneur Benefits
There must be some pretty good reasons as to why thousands of new businesses are founded each year, right?
Well, according to business owners, there are plenty of great incentives and motivating factors. Following are some thoughts for the upcoming entrepreneur who would prefer to run their own show as opposed to being an employee.
You control your own destiny
The ability to direct both your future and that of your business is a huge incentive for entrepreneurs.
My life didn’t please me, so I created my life. – Coco Chanel
When you’re in the driver’s seat, you are making the decisions on how you see your company in the future and direction you wish to take. When you are able to make your own decisions about how best to operate your business, this leads to creating a culture, a brand and an organization which reflects your vision. Many entrepreneurs consider themselves ‘Type-A’ personalities, people that like to take control and make the decisions. Also, owning a business for them means not having to work for anyone else.
I doubt I’ll ever go back to corporate work. Once you see the light, there is no turning back. — Magnus Jepson
You can challenge yourself
As an entrepreneur, you can be certain that each day will be filled with new opportunities to be creative and challenge yourself .The great thing about running your own business is that you will rarely experience the same day twice and you will be constantly learning. It’s quite fascinating the amount of moving pieces you need to keep in check just to keep your business on track.
The best way of learning about anything, is by doing. – Richard Branson
You can follow your passion
So many entrepreneurs say the long hours they invest in growing their business doesn’t feel like work because they’re actually enjoying what they’re doing. If you really think about it, we will spend the majority or our lives working so why not make it our passion?
Your work is going to fill a large part of your life and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do.— Steve Jobs, Apple
You can control your work/life balance
One of the most appealing benefits of your own business is that it enables you to set your own priorities. It allows you the flexibility to work from wherever you want and when you want. It’s the ideal situation for those preferring a more spontaneous lifestyle.
You take on the risk and reap the rewards
There’s absolutely no question about it, business is a risky proposition. There are an unlimited number of variables in every business and as soon as you think you have things under control, a whole new set of challenges can appear.
Upcoming entrepreneurs must not only deal with the logistics of starting a business, but they must also be prepared to risk their own money to back their idea. This shows true commitment to your vision and looks great for any future investors.
So, not only do you have to be prepared to risk your money, you also have to learn to live with the consequences of your decisions (whether they’re good or bad). Like any great game, the more you play, the better you get. You learn to recognize good opportunities from bad ones. But, with risk comes reward.
Screw it, let’s do it. – Richard Branson
If you’re not a risk taker, you should get the hell out of business. — Ray Kroc, McDonald’s founder
You can get things done quicker
Entrepreneurs as a whole seem to really despise red tape. They don’t want to wait for approval or waste time waiting for a guidebook to be written about how to do it. They write the books on how it’s done. True entrepreneurs are ready to jump in and just get it done. Never underestimate the possibilities of truly proactive people.
The way to get started is to quit talking and begin doing. — Walt Disney, Disney founder
You choose the people you work with
In life we want to surround ourselves with positive, motivated and enthusiastic people who give us the confidence we need to keep expanding and progressing. Running your own business allows you to weed out any negative vibes in your company to ensure you have a supportive team that’s all on the same page.
Train people well enough so they can leave. Treat them well enough so they don’t want to. – Richard Branson
You can give back because you can
There’s nothing more rewarding than giving back. Many business owners love the idea that as a result of building a successful business, they are able to give back to the community. It gives them a sense of true accomplishment that they are in a position to donate to charities and also create jobs for their local communities.
It is not what we get. But who we become, what we contribute… that gives meaning to our lives. – Tony Robbins
You can feel proud of what you built
Ok, let’s face it. There truly is nothing like the feeling you get by becoming successful through your own abilities, leadership and efforts. Knowing that you had the determination to turn your simple idea into something great. That you were willing to take the risk and although you may have encountered a few unexpected twists and turns, you hung in there and you did it.
It’s the sense of pride you can only get by building something of your own. And, this is one of the greatest reasons why people choose to go into business.
Success is only meaningful and enjoyable if it feels like your own. – Michelle Obama