Grow Your Business

The Reasons and Benefits of Having Your Own Business

The Top 10 Reasons for Having Own Business

There must be a reason why some 600,000 new businesses are founded each year, right? There might be many reasons for this. Many people want to have a successful own business.

I would like to share Inc. Magazine’s survey results about the top 10 reasons for having your own reasons:

  1. You Control Your Own Destiny
  2. You Can Find Your Own Work/Life Balance
  3. You Choose the People You Work With
  4. You Take on the Risk – And Reap the Rewards
  5. You Can Challenge Yourself
  6. You Can Follow Your Passion
  7. You Can Get Things Done – Faster
  8. You Can Connect with Your Clients
  9. You Can Give Back to Your Community
  10. You Feel Pride in Building Something of Your Own

The Benefits of Having Your Own Business

Starting a business can be scary. But great rewards and opportunities waiting for you to create successful small businesses – benefits you may miss out on if you remain a wage earner for the rest of your life. Also, there are many business opportunities you can start without quitting your waged job.  You may quit your job after you take your job to a certain level. Here are some of the rewards of going out on your own:

  • Independence and flexibility. You will have more freedom and independence in your own business. Once your business is firmly established, you’ll probably have the flexibility to make sure you don’t miss the moments and events that matter most in your life.
  • Being in Control. When you have your own business, you can do what you want, when you want, and how you want. You are able to do all the things without the fear of getting fired or laid off.
  • Personal fulfillment. Owning and running your own business can be more satisfying and fulfilling than working for someone else. Many successful small business owners find they enjoy the respect they earn from their peers for having the courage to go out on their own.
  • Helping People. In a TD Canada Trust Small Business Survey, 96% of small business owners said that being able to help their customers and clients was one of the top benefits of owning a small business. Small businesses also help people by creating jobs in their communities and being good community citizens.
  • Making More Money. The risks of forgoing a steady paycheck can pay off when you own your own business. You can get rich in a small business, or at least do very well financially.

 

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