There are loads of reasons why many people consider entrepreneurship and why you should too. To some, it may be passion while to someone else it could be something else. The economy could be the reason why someone wants to start a new business or become an entrepreneur, to you, it could be that you want to become your own boss, it may as well be that you want to be free from the 8 to 5 work style, other factors includes autonomy, opportunity, being responsible to the society, necessity, accidental among others.
What type of business do you go into?
Before going into any business, you must do your market research, have a basic knowledge of the industry you are going into.
There are three things you need to run a successful business.
Capability: You must possess the ability or power to get things done, you must be willing and determined.
Strategy: You must have a business plan. A business plan of action that is designed to achieve a long term or overall aim.
Capital: When we talk about capital, it does not only refer to financial capital although this is a key factor, but you also need relationship capital, knowledge and human based capital.
The following reasons outline why you should consider entrepreneurship
Everybody loves freedom, if you ask people why they want to become an entrepreneur, their response will be I want to be free especially if you have been involved in a 9 to 5 job for long. For many people, the idea of doing what they want to do is most compelling reason to take the risk and run their own business. And it is true, having freedom in life and career does make a huge difference.
Time and Family
Although many people believed that by been an entrepreneur, they will have more time for themselves but I bet you may be wrong, as it will require more time for you to grow your business than the usual nine hour jobs out there but however, you can control your time and determine your work hours which will give you freedom of time and allow you to spend more of it with your family.
For many people, the sense of security and freedom that comes with the ability to control your own work is the major reason why they want to become an entrepreneur.
Do you have specific goals in life? If yes, becoming an entrepreneur might help you to accomplish those goals than a normal career job.
Being your own Boss
Many people are tired of been maltreated by their boss and even tired of going home every month with a salary package that is like a drop of water when the money coming in to the company’s account is like a gush of water. Moreover, if you are your own boss, you can do things your own way, you can make your own decisions, take risks and decide your own fate.
Running your own business allows you to be in charge of your own destiny. It also helps you to avoid getting stuck in the rat race. For many people, running their own business lets them have a self-fulfilling career.
Many people who work for other companies truly want to work hard and help that company to succeed, but few ever have the opportunity to climb up the ladder and get to that stage to have such an impact. When you run your own business everything you do will directly impact the company which can be very rewarding.
Being an entrepreneur opens up a whole new world of opportunities for you. You will have the opportunity to do anything that you want in life, this means that you can choose to spend your life making the world a better place, and you can live and determine the kind of life that you want. Very few career choices can be very rewarding.
You can determine your financial worth by being an entrepreneur. But let me quickly state here that if you want to make money very quickly, you might consider working for other companies because having your own business may not bring immediate monetary rewards, you will have to put more effort and consciously grow the business before you can start enjoying the monetary benefits that comes with owning your own business.
If you need more information on why you should consider entrepreneurship and what are the things to know and note when starting a new business, you can order for my ebook titled STARTUPRENEUR on www.ebenezerdare.com/store