Randon Morris | Why to Consider Entrepreneurship Now

Reasons to Consider Entrepreneurship Now

According to Randon Morris, many people have been able to reconsider their lives and reevaluate their careers thanks to the pandemic. During the lockdown period when people were asked to stay home many started working from home which gives them freedom, flexibility and relief from long commutes. After the lockdown, many still want to continue working remotely because of the freedom and flexibility. While some are planning to be their own boss by venturing into entrepreneurship.

The truth is that not everyone can become an entrepreneur, says Randon Morris. If you are the type that loves freedom and at the same time want to generate income then you should consider entrepreneurship.

With the global economy being affected during the pandemic and many losing their job you should know it is time to venture into entrepreneurship. The pandemic gave people enough time to reflect on how to make sure they provide a reliable future for themselves and family.

This is why many are opting for entrepreneurship as you can see many small businesses being established and registered around the world after the lockdown period. Here are reasons to consider entrepreneurship so that you can spend your time on something that is yours.

Flexible Lifestyle and Schedule Starting your own business gives you a flexible schedule and lifestyle because you are not being told what to do anymore. You have the choice of working late, half-day or work any time of the day you are comfortable with. Though at the beginning of the business you will be very busy to ensure everything works fine as you grow and start delegating tasks you have enough time to yourself.

When working for a company they decide how your 9 am to 5 pm hours are spent but that is not the case when you are an entrepreneur. As an entrepreneur, you can have a healthy

balance between your work and your life. It is possible to spend time with your family and also create time to work as an entrepreneur because you have control over your schedule and life.

Your schedule or job can and should fit into your life.

Opportunity to be Financial Independent No doubt many people lost their jobs during the pandemic and lots of businesses closed down as some investors took precautions by withdrawing their funding. There are investors out there looking for innovative business ideas they can invest in. This is why now seems to be the best time to consider starting your business if you have a business idea or something that can meet a need in your area. Working for someone means you have a fixed income unless you are working based on commission. Your income remains the same regardless of your performance or input.

The possible ways to increase your salary as an employee will be through extra hours, promotion or probably an annual bonus. Starting your own business allows you to make as much as you want. There is no limitation to how much you can make as an entrepreneur is all up to you. IF you need more money you can always choose to increase your products and services prices or work for longer hours. There is no one to help you regulate your income as an entrepreneur.

Job Security One thing the pandemic has taught everyone is that one can become unemployed anytime because many were laid off. Apart from the pandemic, there are various reasons one can lose his or her job which includes economic problems, downsizing and more. Starting your own business means you are in charge and to some extent you are not helpless as you are investing in your future. Though your business needs time to grow during that period of growth, you will have developed new skills and gathered experience. All the skills and experience can be used to establish other successful businesses without the fear of uncertainty. Just in case the unexpected happens you have all it takes to start afresh so you are not at loss says, Randon Morris.

Expansion through Innovative Technology Entrepreneurs can now make use of technology to expand their business visibility and customer base. The advantage of technology is that you are not restricted to a specific location or building. You can work from an office, co-working space or from anywhere you choose.

Online business gives you access to billions of people around the world giving you the freedom to be wherever you want to be. Small businesses are taking full advantage of technology to expand their business, make profits and keep in touch with customers. Mobile apps, social media and other technology are what small businesses are using to sell their product, create awareness and increase productivity. Recently with the adoption of automation in various sectors, it's easy to maximize time and be more productive.

Conclusion According to Randon Morris starting up a business won't be easy and is going to take your time but is achievable. Before jumping into entrepreneurship ensure you have a business and growth plan and understand everything that is involved. You should be able to see reasons to consider becoming an entrepreneur.