I hear from so many people every year on this topic, and while there are certainly pros and cons to an entrepreneurial arrangement, I wanted to share a quick list I’ve put together of the top 10 reasons people should consider entrepreneurialism. To each their own when considering this path, and different areas always ring truer for different individuals, this just happens to be a list of the reasons I hear most often.
- Set Your Own Schedule – Gone are the days of 9-5 when you can set your own hours. Of course you need to find ways to communicate with your clients or customers, but that doesn’t mean you can’t be productive in the wee hours of the night when creativity strikes, nor does it mean you can’t allow yourself extra time to visit an old friend who comes into town. Remarkably, self-motivated individuals do not always need 8 hours to accomplish a day’s worth of tasks.
- Time with Your Family – So many people appreciate the idea of never missing another family event due to the constraints of working for someone else. With only a finite amount of time on this earth, taking time to enjoy spending time with those we care about most, only makes sense. And being your own boss allows you the ability to make that choice every day.
- Combine Work and Vacation – I’m sure everyone has experienced a vacation that is so crammed with activities that you need an actual vacation from it when you return, but have you ever considered the idea of combining a vacation with work travel? In most cases, being your own boss allows you the freedom to visit other parts of the world while continuing to accomplish work tasks throughout your time away, which in turn allows for longer and more relaxing getaways since you don’t need to jam pack a limited visit with every activity under the sun.
- Work with People You Enjoy – Being able to choose your clientele can do wonders for your stress level, especially when you choose to surround yourself with clients you like working with and who do not cause more stress for you than necessary. Gone become the days of bending over backwards for people who do not appreciate the value of what you do for them.
- Determine Your Priorities – When you are your own boss, you now set the priorities for your business and can alleviate the internal monologue of “if I didn’t have to do this, I could be so much more productive with that.” You determine which priorities are best to focus on for the greatest impact.
- Make Your Own Decisions – “Red tape” and ambiguous obstacles melt away when you become the last word for your business, making the final decision and avoiding having to ask for permission regarding alterations to your business’s path to success (within the confines of applicable laws and to the extent accepted by those you work with).
- Work Where You Want – 2 Hour commutes through the snow, uphill both ways, are no longer a hindrance when you become your own boss. With the ability to work from a nearby office or even from the comfort of your own home, you are able to determine what works best for you and your business.
- Environment Set Up for Success – Let’s face it, no one should be confined to a space that is stifling to the work at hand. And creating a workspace that is not only comfortable but also designed for productivity versus designed with cost efficiency as the primary objective can be extremely liberating and thereby allow for exponential growth and success.
- The Best Tools for You – Breaking free of the blanket, corporate-imposed tools of the trade allow you to find what works best for you and those you serve. Whether utilizing multiple software products that you are already familiar with or streamlining to the latest and greatest all-in-one products, you now determine the best course of action and the vehicle that will take you the furthest.
- Unlimited Earning Potential – Lastly, this benefit of being your own boss is sometimes overlooked at first or at least until that moment when you realize your earning potential is only capped by your ability and willingness to work hard. You create your own destiny and financial reality by working smarter every day and correlating your own work habits to your own success.
While the path of an entrepreneur certainly comes with its fair share of hurdles, for those that are determined to succeed, there are no limits to the success that can come from being your own boss.