There must be some reason that an average of 543,000 new businesses are founded each month. There are clear advantages to building your own business, running your own career and planning your own days of creativity and labor.
Perhaps starting a business is something you’ve considered in the past. Do you love to connect with small businesses in your area? Are you passionate about getting the word out about local opportunities? Do you have experience with marketing or design? At Hometown Values we appreciate the hearts of self-motivated individuals that are able to catch the vision of owning and running a small business.
If you aren’t yet convinced that starting a business is right for you, here’s a list of our favorite benefits for owning our own businesses—do any of our reasons spark an interest for you?
1. You Get To Choose Your Destiny
Entrepreneurs agree that this is both terrifying and exhilarating. Most of us have been used to following directions all our lives. The ability to direct the path of your business requires a lot of work and the willingness to take control and make decisions. It is also important to know when to delegate tasks, as you cannot always run every aspect of your business yourself.
Being your own boss allows you to create a culture and a brand for your own organization. Building from the ground up with your bare hands will give you a new conviction, inspiration and determination to succeed and be proud of what you’ve accomplished.
2. You Can Find Your Own Work/Life Balance
One of the most beloved aspects of owning your own business is the flexibility that comes from being your own boss. This may include setting your own hours, working from bed, or taking long breaks during the day to walk your dog or to run to pick up the kids from school. The most important part of anyone’s life is always their family, and most business owners treasure above everything the ability to spend more time with them.
This aspect of owning your own business has proved most valuable for the 75-80% of new business owners that are young moms, who are often juggling several children, housework, and their business.
Other people will never understand or allow you to place your priorities the way that you want to. Decided what things are most important in your life, and pursue the career that will allow you to arrange your life according to what you believe.
3. You Get To Follow Your Passion
Most entrepreneurs choose to open a new business that centers around something that they are passionate about. The long hours they invest into setting up and growing their business doesn’t feel like labor because it is something fun that they truly enjoy. It isn’t often that people get to do what they love and still provide for themselves and their families!
4. You Could Make More Money
It’s no question that deciding to launch your own business is a risky move. However, you can reap big monetary benefits from a successful startup. People that are ‘money savvy’ know how to balance the risk with the wealth. The more you ‘play the game,’ the more you learn and the more money you will make. You will learn how to judge the good opportunities from the bad ones. You’ll learn how to manage the unlimited risk variables that come with making money.
5. You Get to Choose Your Co-Workers
As an employee, you are stuck with whomever else has been hired by the company. If you’re a manager, you may occasionally choose your subordinates. In general, however, if you don’t like the people you work with, you’ll have to start sending out resumes.
When you own your own business, however, you get to call the shots. If an employee isn’t working out, you can let them go. If you have friends or family members that you trust and know to be pleasant and skillful, you can hire them on the spot without an interview. Surrounding yourself with positive people that also love your vision will keep your business moving forward. The last thing you need when you are juggling all the pressures of your business is someone full of negativity and laziness. Choosing your co-workers is a big decision, and it’s entirely your prerogative.
6. You Can Work Faster
The personality of most entrepreneurs is that of the chronic ‘doer’. Small business owners can react quickly to industry changes, giving them an advantage over larger companies. New ideas, new technologies, and new strategies can be implemented in a matter of days or even hours. The proactivity of small business owners is matched only by their reluctance to heed red tape. Nowhere is off limits, no speed limits can check their race to success, and there is no bureaucratic business nonsense holding them back.
7. The Opportunity to Give Back
Ask any entrepreneur you know why they love owning their own business, and we guarantee one of the first things out of their mouths will be the opportunity to connect with their customers and their community. The current economical market has caused many people to lose their jobs, and many of these same people have started their own businesses in response, providing jobs for themselves and others in their community.
Small businesses are also more inclined to work with or buy from other small businesses, creating a grassroots network of small business owners working together to succeed. These relationships and the personal interaction between the business and the customers is what makes most entrepreneurs feel fulfilled in their business. After all, it’s always all about people, isn’t it?
Are you thinking about launching your own business? Perhaps you’re considering partnering with Hometown Values? If anything we’ve said has resonated with you, you have the heart of a business entrepreneur! Contact us for further details on starting your own business partnership with Hometown Values right now!