Starting a Business Comes with Perks!

If you are on the fence about whether you should start your own business, you’re not alone. Taking those first baby steps can cause you to feel excitement, fear and dread, all at the same time. Despite this, there are so many advantages to starting your own business and working for yourself. Here are 10 awesome benefits which will help keep you inspired while you’re starting up!

starting a business

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1. You Become Your Own Employer

In our current economy, you’re up against a lot of people looking for jobs. But if you have the determination and drive for success, owning your own business can be rewarding. This business can be a tool that can help you generate some income based on your expertise and knowledge. In fact, if you’ve been in a rut and want to get the motivation and drive to succeed, the chance to start your own business can get things moving.

2. Build Your Business, Realise Your Dreams

When you are working for someone else, you are helping them to achieve their business dreams and goals. In your own business, you can start the process of making your own dreams come true. If you have knowledge and experience in an industry and have the will to succeed, having your own business can help you achieve all your goals within a business.

3. You Add Valuable Experience to Your Resume

Having your own business gives you experiences that most people in corporate America will never have. There are lessons to be learned as you operate your own business and many companies will respect those who are able to take this process on headfirst. Having the chance to put a company on a resume will reflect your commitment to being dedicated and self-sufficient while also helping to keep employment gaps off your resume.

4. Work on Your Schedule, Not Someone Else’s

When you are working for a corporation, you are required to work their predetermined hours for you. Often, this can impact the time you have available for your children and spouses. But when you start your own business, you will have ability to create a schedule that is going to work for you. This means you can schedule around your spouse’s job and when the children are at school and still have time for the events that are important to you.

5. The Opportunity to Realize Your Full Potential

One of the biggest benefits of owning your own business is the ability to realize your full potential. When you land new accounts, are recognized in the community for your work, you will discover that your experiences give you a better sense of self-worth. That alone will make the struggles of the experience worthwhile and provides you with a psychological form of self-actualization.

6. Keep Your Mind Active Instead of Stagnating

One of the big concerns people have working for someone else is that they fall into a repetitive set of tasks. When you start your own business, you will frequently have work to do that is varied. Most people who own their own business don’t experience the monotony that the average 9 to 5 employee faces and that can help to build a strong and active mind.

7. Set Your Own Deadlines

While self-discipline is important, you are going to discover that having your own business allows you to set deadlines that are realistic.

8. Follow Your Passion

Sometimes we take jobs that we have no interest in. This can range from selling auto insurance over the phone to filing forms in a major corporation. When you start your own business, you have a chance to work in an industry you are passionate about and do something you actually enjoy doing.

9. Make Your Own Decisions Instead of Taking Orders

One of the biggest perks about having your own business is you no longer have to report to anyone for the choices you make in your job. That means if you have a great idea, you can run with it without having to get the permission of someone else. Of course, this also means that you also take responsibility for your mistakes.

10. Commutes in Heavy Traffic Can Be a Thing of the Past

If you despise rush hour traffic and long distance commutes, owning your own business can be a solution. Not only can you adjust your hours to work for you, but in some cases, you can even work from home so your commute would just be a walk down the hall.

Summary

So there you have it. Of course there are many more advantages of starting your own business, but if you stick to the plan, and stay on course during those early stages, these and many more benefits will follow!

If you’re a business owner, please share your thoughts below and help inspire others who are on their business journey!

Written by Caroline Baxter
Caroline Baxter is a serial Entrepreneur, Business Start Up Coach, and recent bestselling author on Amazon. Having started her first business aged 24, she now has multiple businesses in property, the motor trade and online and offline business consultancy. Caroline is now starting a series of live training events to support entrepreneurs looking to plan launch and grow their business