“Entrepreneurs are the only people who will work 80 hours a week to avoid working 40 hours a week.”- Lori Greiner, Shark Tank
Entrepreneurs are breaking the monotony of the 9 to 5 and working diligently to create a different kind of life.
Yes, it’s true that working for yourself can be extremely tedious, stressful, frustrating, difficult, scary and a constant struggle. But it gives you the ultimate personal freedom and fulfilment.
Self-employment brings with it — outstanding financial rewards and social benefits for the long-term. It gives you independence from employers — so you can work in a way that perfectly suits your desired lifestyle.
Let’s look at 8 reasons you should become your own boss and take ownership of your life:
1. You control your life.
As a self-employed business owner, you get to make the decisions and control the situations that shape your present and future. In other words, your destiny is in your own hands. You unlock your inherent leadership qualities — you dictate the workload of your team or virtual assistants and you choose which projects are most important. No one is there to tell you what to do, you’re the boss.
2. You create your schedule.
Becoming an entrepreneur means you decide when you work and for how long. There Are no contracts to set the working hours. You can begin as late or as early as you want. You have the full flexibility to design your lifestyle around your business. You are the one deciding when to take your time off, attend family affairs or go on a vacation.
3. You can monetize your passions.
The key to becoming a successful business owner is to do what you would otherwise do for free. Your passion towards the work is not only going to sustain you in the long run, but it will also give you the opportunity to create multiple streams of income based on your own vision. In this way work will never feel like work again.
4. You choose the people you work with.
If you’re working as an employee, then you do not have any control on whom you work with. Your job can become more difficult if you do not really like your coworkers. On the contrary, when you are running your own business, you are the one deciding whom to hire and whom to do business with. The team you work with is entirely orchestrated by you and your policies. As a result, it creates an ideal workplace environment for you to maximise your skills.
5. You can create jobs for other people.
Being an entrepreneur means you are your own boss. But it is not all about you. One of the greatest satisfactions of self-employment is that you get to positively affect your community by creating jobs. It allows you to make a meaningful and important impact on society. While you are living your own dream, you’re also helping virtual assistants, accountants, coaches and many others in the industry.
6. You have no ceiling on your income.
At the beginning of entrepreneurship, you may have to go through financial struggle, but in the end, you have the potential to earn more money than you could ever make at your job. When you start your own business, the money earned is based on the network you build, the hours you put in, as well as how many people utilise your service or product. Whereas a salary pays the same whether you go above and beyond or if you do the bare minimum. You become more motivated when the amount of hard work you put in directly affects the income you make.
7. Your days are always different.
When you’re an entrepreneur, each day brings new challenges, which leads to you developing new skills to overcome those challenges. You provide support to multiple clients, and it usually involves meetings at new cafes and restaurants with your clients. As a result, your days tend to be much more exciting than life in a cubicle. An entrepreneur has the freedom to develop their network, create business partnerships and close on lucrative contracts, all in the same day.
Self-employment also gives you the ability to focus on your physical and mental health throughout the work day. Therefore, you evolve both as a person and a business owner when you have the power to dictate your entire day.
8. You can create generational wealth.
This is by far the most important reason to work for yourself because it is something you can pass on to your kids. When you are an employee no matter how great you are for 30 to 40 years the company is not yours so you have put time into something that cannot benefit your kids and make their life easier.
When you create something that you own, you can build a legacy that can be passed down from generation to generation and allow them to avoid the same pitfalls that you had to learn from early on in your career.
Are you ready to bet on yourself and take the leap of faith?