Want to start your own business? Do you have a secret desire to start a business, or do you wonder whether this may be an option for you as an alternative to conventional employment? It is reported that, at any given time, up to one in five of us are dreaming of setting up a venture of our own. However, for the vast majority, it remains nothing but a thought that is re-visited every now and again. Often the biggest deterrent is the security of a guaranteed wage and the horror stories about how many new businesses fail. These are certainly very real considerations and should not be ignored entirely. However, a large number of the business failures could have been prevented with a little more thought, research and sound advice. The vast majority of those who do succeed earn their owners enough money to survive at worst and some do go on to make more than they would have done if they had been paid by an employer. Even if you earn less, the biggest advantages of running your own businesses have nothing to do with money. Being in charge of your own destiny, doing something you love and not answering to the ‘boss’ more than make up for any loss in salary.
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Make The Future Yours! Issue 3
So, what is the reality? There are many advantages of running your own business: Do something you really enjoy Probably the biggest reason people start their own business is to spend time doing something they like doing rather than they have to do. We spend a significant portion of our lives at work, so why not make the most of it and turn it into a pleasure rather than a pain! You are your own boss Feel that things need to be done differently, a change of strategy or a change of tactics, fancy working with new people and partners? These are all your decisions now. Work/life balance If the 9 to 5 doesn’t work for you then work to a schedule that does, as long as you make it pay then you can work when and for however long you want. Financial reward If you get it right, then the financial reward can be magnitudes beyond that you could earn as a wage working for an employer.
