Have you ever thought of starting your own business? Did you go for it, or did you let something stop you? While the idea of starting your own business may feel quite overwhelming, it can also be very exciting and rewarding. There are so many benefits to starting your own business versus working for someone else. Let’s talk about a few of them today.
You Set Your Own Schedule
One of the many benefits of starting your own business is that you decide when you work and when you don’t.
If you would like to be home in the afternoon when your children come home from school, then you can arrange your schedule so that you are home. That might mean putting in a few extra hours of work after your children go to bed, but the benefit of being there when they need you will be worth it.
When you look at different business ideas it is very important to evaluate them based on your schedule, your dreams and your goals, including your financial goals.
Certainly you will want to look for something that offers a great return on your financial investment, but you will also want to look for a business that fits in well with any other obligations that you have.
Reap the Rewards of Your Hard Work
In the corporate world many people work long days and even weekends to get their work done.
Depending on their situation their work may be a small piece of a larger project and because they only do their specific piece, they may never see the end results of their hard work.
Sometimes their contributions and many long hours will go unnoticed.
When you start your own business you might find yourself wearing many hats within the business, and working some very long hours as well.
The difference will be that you will feel a sense of accomplishment every time you finish a big project or complete a big sale because you were directly involved in the entire process.
For many people that sense of accomplishment is very important. For me personally, it is actually more important than how much money I make.
When you do this you will feel very proud of yourself and it will also help you do a great job on the next big project or big sale.
Starting Your Own Business Gives You Pride of Ownership
You should be proud of whatever type of business you decide to start.
I think being passionate about your business and being proud of it go hand in hand.
Your business will be a direct reflection of you, and the decisions you make will be based on your experience and knowledge. Yes there will be stressful times, and obstacles to overcome, but with hard work and determination your business, as well as your skills, will grow to new heights.
Do Work That You Honestly Enjoy
When you build a business around work that you truly enjoy you will find that you are full of enthusiasm and excitement.
You will not hesitate to tell others about it.
People will hear the excitement in your voice every time you talk about your business.
Your enthusiasm will help you to stay focused and you will enjoy putting in however many hours it takes to be successful.
Your passion for your work will help you make better decisions.
It will also help you overcome obstacles faster and easier.
Remember, an obstacle is not a show stopper. It is simply something to deal with and sort out.
Outsource That Which You Do Not Enjoy
You will find that as a business owner you will wear many hats from bookkeeper to customer relations to marketing specialist, and so on.
Stick with the work that you do best and outsource the rest.
If you absolutely dread looking at numbers and doing the accounting keeps you from being in front of potential clients, then hire a Bookkeeper.
Promoting your new business will be essential. If marketing is not your forte seek the advice and assistance of a marketing expert.
As well consider a Virtual Assistant who could potentially do your marketing, accounting, and any other administrative work, so that you can focus on the aspects of the business that you enjoy and specialize in.
You Decide Who You Want to Work With
When operating your own business you will most likely need to work with other people. The other people may be a combination of business partners, staff, clients, contractors, and even other businesses that you may decide to form affiliations with.
The benefit of you being the business owner and operator of your own business is that you select who you will work with.
You do not need to say yes to every potential client and of course you certainly do not need to hire every person that applies to work with you.
Take your goals and your work ethics into consideration everytime you consider working closely with someone.
Each person you choose to work with should be a good fit for your business organization. You want to work with people that will help you grow your business and achieve your goals, not hold you back in anyway.
One of the ways that you can get started is to create a list of your work ethics and your goals.
With this list you can now create a list of the skills, qualifications, and personality traits that you would like to see in the people that you choose to work with. These could be things such as focused, goal oriented, team player, good communication skills, honest, reliable, and so on.
As you speak to, and get to know people, try to get a sense of who they are.
Do their goals and work ethics align well with yours? This is a very important question.
Choosing the right people to work with will help your business develop and grow far beyond your original plans.
Choosing people that are not a good fit will inevitably be a waste of your time and theirs. In the long run it will cause more trouble for you and your business then missing a deadline or forgetting to ship a large order.
Starting your own business isn’t something you typically wake up one morning and begin doing; although some very well known businesses have started that way. For most of us it involves research, planning, assessing our finances, finding the right people to work with, and mustering up the courage to just do it. Having said all that, there are some real benefits waiting for those that do start their own business.