Small business owners want to bring their visions to life. Others have an insatiable entrepreneurial spirit. Still others may see increased earning potential.
Entrepreneurs all have their particular reasons for launching their own company, and there may be as many reasons as there are small businesses. Whatever your reason, the team at Lift Legal is confident you’ll enjoy the advantages that come with being your own boss. This article describes what we believe are the top benefits of entrepreneurship and self-employment.
no more corporate rat race
A key difference between working for someone else and working for yourself is that you call the shots. Your skills and qualifications don’t need to be vetted by a corporate human resources department: you don’t need a particular ticket, certificate or degree to get started. All you really need is ambition, drive and solid business acumen. And, if you have a sound business idea backed by a thorough business plan and solid execution, your earning potential is much greater.
As a salaried employee, your ideas and creativity can be stifled or undervalued. On the other hand, as an entrepreneur, you’re no longer constrained by formal approval or change request processes. You’re free to implement changes and improvements.
You get to create your corporate culture, build your own security and choose who represents your brand. Because entrepreneurship knows no age limits, you’re never too young or too old to start (or to retire).
Do you own thing and bring your vision to life
Everyone has his or her own unique set of interests, values and passions. Where else but in entrepreneurship can you take an idea and see it through to fruition? Where else do you have the freedom to chase your dream and bring it to life?
A flexible schedule that bends to your lifestyle
As your own boss, you can tailor your schedule to suit your lifestyle and decide when and where you want to work (or not). You’re free to focus on your health, on travel and on the things you love.
Try new things and expand your horizons
Business owners fill many roles, including, but not limited to, marketer, customer service agent, sales representative, accountant and strategist. As an entrepreneur, there are myriad things you likely didn’t know before and were forced to learn. You’re called upon to make crucial decisions every day, and your mind is always busy. Entrepreneurship offers countless enriching experiences! Seize each one as an opportunity to learn and develop valuable skills: you’ll grow not only as a professional, but also as an individual.
never a dull moment
Entrepreneurship is not for the risk averse! It demands people who are resilient, tenacious and flexible in the face of changing demands, markets and priorities. The media could carry a glowing review one minute, and you could be trying to salvage a damaged customer relationship the next. Business owners are never bored: although the stakes are high, so, too, are the rewards. Think of the adrenaline rush that comes with persevering toward a goal and achieving it!
It’s the little (and big) things
When you’re in business for yourself, the success of your enterprise depends largely on you. You must have the ambition and the guts to strategize, mobilize and make your dream a reality. Take pride in increased sales, improved customer relationships or expansion into new markets. Delight in compliments and favourable reviews. Your company is an extension of yourself: seeing it grow can be a great source of joy and fulfillment.
Pay it forward
Your products and services have the potential to serve your customers, make them happy and enrich their lives. If your company embraces a particular cause, you have an opportunity pay it forward. Supporting charities makes an impact in your community and in the world.
Yes, you can!
You may sometimes doubt yourself and your decisions. You may wonder whether you truly have what it takes to overcome obstacles and make your business a success. You’ll need to become an effective problem solver, and your confidence will grow with each hurdle you overcome. Believe in yourself: you got this!
And, remember, if you need guidance or encouragement, the knowledgeable team at Lift Legal is available to answer your questions and offer support.