More than half the world wants to be an entrepreneur. Of course only 15% of them seriously set out to fulfill that dream. The many advantages of being one, is what attracts people into opting for entrepreneurship. It gives vent to the creative genius of many, while for others the flexible hours and unlimited cash flow is appealing as well. There are many marketing and business schools that are encouraging students into getting a control of their own life and success by opening their own business ventures. If you are reading this article, it means you too have some of the same hidden wish. So without further ado, let’s delve into the many benefits of why you should become an entrepreneur.
Authority Issues? Become Your Own Boss
The first and most significant advantage of becoming an entrepreneur is that you are no longer answerable to anyone for anything that you do. Work related only, of course. The freedom to do as you please is the best part of having your own business. You can come and go as you like, make your own intelligent decisions and overall do everything according to your own personal whims. There is no threat of getting fired or being put on probation.
This obviously does not mean that you should lose control over your organization by being absent from the midst of your work place. It just means that you are the omniscient voice of your organization and control everything. Just try not to let it go to your head and ruin your livelihood!
Constant Cash Flow
If you truly have what it takes to be a successful businessperson, then that means you get to have a constant influx of cash. If you had been working some 9 to 5 job, it would have meant more time than money. But if you have your own organization then you gain more money for all the effort that you put in. Your ‘salary’ is not restricted and you don’t have to wait for promotions, bonuses and increments. Your income will depend on how much effort you put behind your organization.
Another factor is that you build up assets. Now it is again totally up to you whether you save it for retirement or spend it lavishly on all the things you want. Whichever way you plan to use your money, the cash flow is a lot better than if you work for someone else.
Creative Genius? Express Yourself
The many famous entrepreneurs that you see out in the world are ones who wanted to give vent to their creative genius. For them, the most important thing was to express what only they could visualize in their heads. If you think that you too stand behind such people, then entrepreneurship is just the job for you. You would be able to give free rein to all the unique ideas that generate in your head and also be able to give yourself room for growth.
Unlike your job, your business venture will be a lot more fulfilling as it would be work that you are passionate about. At the end of the day, you would not feel tired and bored; instead you would feel that you have accomplished something that means something to you.
Family and Recreational Time
For many people, family is more important than their work. If you have worked at a 9 to 5 job, you would know that it is only on paper that it’d be 9-5, in reality it’s more like 8 to 11 or some such time. This can become a burden when you are the head of a family and have a wife and kids waiting for you back home. Research shows that people who are too involved with their work are more likely to have dysfunctional families. If you have your own business, this will not be a problem for you.
Being an entrepreneur allows you to have flexible hours and even work from home if you want. This means you can take a cruise trip with your family and still be in touch with your organization by working online. Recreational time for yourself is necessary if you want to remain productive. Running your own business lets you have some time to do whatever your heart desires.
Challenging Work with No Fear of Boredom
When you are an entrepreneur, it means that you get to do what you always wanted. For example, if you had been working as a teacher but had a passion and talent to be a photographer, and you start either free-lancing or setup your own photography studio, it means you are fulfilling your dream. This leaves no room for boredom. You don’t have to go through routine work of drudging to a class full of rude students and trying to force them to study. On the contrary you get to experience a new challenge every day.
You can go out and take photos in a variety of scenarios, get to meet many different people and have some new project every time. There is no fear of monotony and repetition. You are free and happy to do what you actually like doing.
Becoming an entrepreneur is difficult, yes. But it is a job that fulfills your whole being. It is work that you enjoy doing and that satisfies you, yet at the same time earns you some serious cash. So if you have been reading this article from start to end, maybe it’s time you seriously join the ranks of ‘self-employed’ entrepreneurs.