Starting your own business may be a dream that you feel is close to becoming a reality. But there is risk involved. You stand to lose everything if things don’t go to plan. And you will need to spend many late nights with an open laptop and a notepad creating your business plan. Securing funding will be another hurdle to cross (click the link to find more information on business loans) because starting a business without funding is practically impossible. Thorough planning and preparation is essential to succeed.
All of this sounds like starting a business is a hassle you would be smart to avoid. But wait. What about the positives? Let’s take a closer look at reasons to become the boss and start your own business…
Wake Up to Another Day Doing What You Love
Working for a company means toeing the line. You don’t decide your workload or your deadlines. You don’t get to choose with whom you work. You do not have any say in how much you charge for your services. You complete your tasks on time and await your monthly wage.
When you become the boss, all of these things change. You can charge extra to reflect work rate. You can decide on the clientele. You can set and move deadlines without fear of repercussion. You have the freedom to get the work done in the best way possible, as and when you see fit.
You Become the Beneficiary of Your Efforts
How often have you worked overtime? How often have you solved problems for a company that did not reward you for going the extra mile? By starting your own company, you become the beneficiary of your efforts. Everything you do feeds into what you get out of your company. That’s something most people would list as a desirable goal.
The Added Variation in Your Day
Feeling stuck in a monotonous routine? Starting a company means no two days will ever be the same again. From HR matters and IT procurement to marketing and logo design, a varied daily to-do list awaits the CEO at any company. Never will you feel like you are waking up to a repeat of the previous day, sitting in the same chair drinking the same coffee.
Learn from the Best (or keep stumbling in the dark, it’s up to you)
There is an unfortunate perception among newly fledged Australian entrepreneurs that asking for help is a sign of weakness. However, this could not be further from the truth. Asking for help is a way of showing that you have understood the issue to a point at which crossroads need clarification. If anything, peers and mentors will recognise your thought process and hold you in greater esteem.
Taking advice from business leaders is like tapping into a cheat sheet of fast answers. Don’t worry about looking like your research is incomplete. Worry about making avoidable mistakes that you could have caught early by asking questions. Click here for career advice from some of the most successful entrepreneurs.