Over 600,000 new businesses are created each year, so why not be the brains behind one of them? With the entrepreneurial spirit very much alive, and colossal technological advances making it easier than ever, there hasn’t been a better time to shape your own destiny by starting your own business.
While there are as many reasons for starting a new business as there are businesses started each month, we’ve whittled down the top ten reasons that you should take the leap and be your own boss, and how to make sure that you’re primed for success.
1. Change the world
Ideas change the world for the better every day, so why not add your voice to the mix? Who knows . . . you may be the next Bill Gates with a billion-dollar idea! Even small business owners change the world by creating jobs and changing the lives of their employees and their families.
2. Build your brand
Whether you’re a marketing whiz or a breakthrough software developer, having your own company allows you to develop a position of authority in your field. Being your own boss allows you to build a personal brand and explore ideas and products like never before. Getting new customers is a pleasant result of this brand building.
3. Control your future
Without a doubt, one of the biggest benefits of starting your own business is controlling your future. As you’d expect, many business owners have Type A personalities that want to be in control, so working for someone else means losing out on that precious freedom. By being the boss, you get to call the shots—for better or for worse—and, at the end of the day, your success is in your own two hands.
4. Job security
By being your own boss, there’s no need to worry about being the recipient of the dreaded pink slip, your hours being cut, or having to reluctantly relocate. Even if your business does run into trouble, you’ll be the one calling the shots and making the decisions you think are best for the company as a whole.
The majority of people starting their own businesses enjoy meeting new people. This plays nicely with the reality that managing a company provides many networking opportunities with other likeminded people. Just as important as following your dreams and doing what you love is making new connections, and developing a business is an excellent opportunity to meet new people that can help you achieve your goals!
6. Create a lasting legacy
Creating a lasting legacy, a reflection to the rest of the world that you did something right with your time on earth, is often a driving factor in starting a business. By having your own business, you can have your children involved and pass the business down through the generations, leaving a legacy that carries your name for many years to come.
7. More time to do what you love
Sick of wasting away in a dead-end job? Being your own boss gives you more time to do what you love. As the old saying goes, if you love what you do, then you’ll never work a day in your life. Sounds like paradise, right?
Running a business is no small feat, and it’s something you should be extremely proud of. It’s physical proof of all of your efforts, your blood, sweat, and tears, and it’s a constant reminder that you should feel proud of your achievements. Nothing comes close to the feeling of pride you get from succeeding on your own efforts.
9. Teach others
By being your own boss and an expert in your field, you’re able to pass your knowledge onto others. Every great businessperson has been blessed with a mentor who’s coached them through the ups and downs of running a company. Once you get to a certain point in your life, you’ll have the opportunity to do the same thing for someone else.
10. Raise your determination
Committing to your own company and not relying on a weekly paycheck can be daunting, but as you work and develop your business, you’ll realize that you are building personal qualities and skills that can’t be taught anywhere else. You’ll be the recipient of a ton of grit and determination that will help propel you forward in both business and in all other aspects of your life.
What should I be aware of?
Let’s say you go for it, starting your own business; what next? If you’re looking to start your own business, you may consider owning a private jet to fulfill your ever-increasing travel needs.
As with other industries, you should be careful of the existence of scams. While scams are at an all-time high for the private jet charter business, they are still relatively uncommon and shouldn’t put you off the concept altogether. One such scheme is when scammers claim to be jet owners looking to make extra money by allowing their jets to be chartered by individuals just like you, when in reality they don’t even own a jet. So how do you make sure a private jet chartering company is legitimate? As with all scams, the key is research and awareness. But please be aware that scams are uncommon and shouldn’t put you off a potentially fantastic business opportunity!
Best of luck starting your own business. Your future is in your own hands!