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Friday, 18 January 2019

Reasons Why to Start Your Own Business

Reasons Why to Start Your Own Business
If you are having an entrepreneurial spirit, and have the itch to start your own business, you must go for it. There can be many reasons why not do business. But there are certainly more reasons why you should start your own business. In every carrier path, there will be a point of time when you will reach the highest post. But for business, sky is the limit. You will always have the opportunity to grow your business and touch new peaks of success. If you have a startup plan, the only requirement is to implement it. You just need to have faith in yourself and your business idea.
There are a lot of reasons why one should start their own business, and some are enlisted below:

Reasons related to Wealth

  1. Put your resource into yourself: Invest your hard earned money in your business knowing the percentage of risk and gain. Now, you will have the ability to earn from your invested money.
  2. Your Hard work pays you: If you have a goal to achieve and are working day and night to make your dream come true, it’s your territory, your hard work that will pay you and not others. The dedication and passion you show towards your business will certainly help you go a long way and earn a handsome amount of money.
  3. Tax benefits: There are many businesses which get incentives from government. Startups get loan and tax exemption by the government for a certain period. This also attracts many other new investors and new entrepreneurs.
  4. There is a high chance of making more money:  Businesses always work on a risk factor, but it also has a likelihood to earn more money and get rich with every project. There are businesses which gain a great deal of cash. Whereas others just makes a profit which keeps it going. But the fact that business is uncertain doesn’t always have a negative meaning. It also means if your business is not doing well now, there is no certainty of it not growing in the future.

Reasons Related to Health

  1. Secure and fulfilling on mental grounds: The main thrust that pushes you to accomplish better is your own fulfillment or satisfaction. You feel satisfied when you do what you always wanted to. Thus, you would dependably make a point to be energetic about your work. Your principle thought process will be to inspire your customer. This in itself is a reward for you, and lead to your inner peace keeping your mind fresh and relaxed.
  2. You will have more spare time: This applies only when your business is established and you have responsible employees handling a majority of your work. After you have reached this point in your business, you can give more time to family and friends. But to reach this point initially you need to work very hard for a longer duration in less pay.
  3. No, 9 to 5 job: 9 to 5 job can be boring and exhausting. It can be more discouraging when you are not even recognized or paid well enough for your hard work. In large companies it is hard to appreciate every employee for their hard work, and small scale businesses might not have enough resources to pay you sufficiently.
Having your own business can make your life interesting since the work you appreciate doing can't be depicted as "work".

Reasons related to Freedom

  1. You are your own boss: Starting your business makes you the boss of everything. Right from implementing the business plan till the business is yours, you are the leader and the boss assisting everything. You may delegate your work but ultimately the responsibility lies with you.
No more working under someone, now you can work under yourself. Earn money by being your own boss.
  1. Delegate the work: You can delegate the work to other employees according to their specialization, and concentrate on other trivial subject matters that can help the business to grow.
  2. Follow your passion: When you follow your own dreams, you feel happy internally. The reward is in working for yourself and in the specialty of making something that you really possess and love. You will learn to sacrifice many things that made you happy before, but the feeling of achieving success is what keeps you motivated. Make money by not working, because you are following your passion so, it doesn't seem like a hectic job. It's more of doing what you love and getting an income out of the same.



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