Written by Mahan Mohammadi, Ph.D. Candidate & International Ambassadors
10 REASONS TO START YOUR OWN BUSINESS
1. Be your own boss
When you have a company of your own, the only one you have to answer to is yourself. Having no boss will give you the chance to carry out your own ideas and implement them in the way you want. Of course, the responsibility for any decision will be with yourself, and you can ruin everything with just one wrong decision.
2. Doing what you want to
One positive thing about starting your own business is that you can choose the type of company and a place to start it. So, as long as you spend enough time on market analysis and check the market gaps your company can fill, then it is the time to enjoy expanding your ideas through establishing your company.
3. Playing by your own rules
Starting your own business means you can define the rules, deadlines, and milestones. Definitely, it needs sleepless nights and heavy workload in the hours of daylight, but having the chance to achieve your goals can be an immense incentive for hard work and moving the company forward.
4. The freedom to express yourself
If you have considered going it alone, you will have thought out how you would do things your way. You will have the freedom to express yourself and develop your own concept in any way you choose. Of course, there may be ﬁnancial difficulties, but you will have the opportunity to be as creative as you like.
5. Plenty of support available
The news is full of reports about how much bureaucracy and taxes small businesses face each day. Moreover, over the last few years, a number of changes have been created to make it simpler to be done alone. Although there is no manager to support the project, many governments have provided some loans to back up these types of newly established firms.
6. Make a fortune – or at least enough to live
There are numerous examples of businesses finding a brilliant idea, successfully implementing it, and being well on their way to achieving their financial goal by the end of the first year. While running a startup journey can be difficult with long shifts and hardly any money, the profits can be big if you run the company properly. And hopefully, you are going to have all the money for yourself.
7. Doing a variety of things
Being busy with documents for a short time, thinking about supply, and having a look around your new office are not only concerns for an entrepreneur, but also indicate that you will be faced with highly varied sorts of activities. If you want to enjoy facing new things every day, then you are in the right place.
8. Have a second career
If you don’t want to face major problems from the start it might be a good idea to keep busy working as an employee while running your own firm. Although balancing the two can be difficult, a profitable choice should be to have a good sideline.
9. Cutting commuting by setting up close to home
While many small companies operate from workplaces, many entrepreneurs find it helps to keep costs down in the early stages of operating from home. In addition to having comfortable, pleasant surroundings in which to work, you don’t have to experience the everyday tangle with public transportation or blocked highways.
10. Realising your big dream
You may feel that starting a small business is not going to result in anything more than getting your own desk and taking on a few extra staff. But it can be very successful -just think of the available successful examples in the global market.
You can also see the previous post introducing a featured book. https://www.wbius.com/index.php/2020/05/01/featured-2019-book-starting-a-business-quickstart-guide/
Resource: Start Your Own Business: The Only Book You’ll Ever Need, Inc, T.