7 Reasons Why You Should Start Your Own Business

Ever thought about quitting your dead end 9-5 job to follow your passion and start your own business but mentally talked yourself out of it every single time? Are you scared that you might go into debt? Or that you might get a lot of rejection? Or that you’ll fail miserably down the road and end up broke?

Sure, being an entrepreneur is far from being easy, especially during the early stage of starting your own company. But even with all the uncertainties, there are more compelling reasons why you should totally take the leap and start building your own business. Here are just a few of them:

7) You create your own job security.

Do you have skills that are in demand within your own industry? If so, then you should definitely start your own business. One great thing about being your own boss is you never have to worry about things like getting laid off or company retrenchments or getting fired. You also get to control your company’s direction as you are the one who’s running the show.

6) You’ll be able to learn new things.

Admit it, you’re pretty much on autopilot throughout your day as you mindlessly perform the tasks you’ve been assigned to do at your boring job. This is usually what happens when you work for someone else, you tend to slack off on learning new skills and begin to settle for a life of mediocrity. When you start your own business, you’ll be able to learn a lot of new ropes and new skills. Learning new knowledge, as we all know, keeps us sharp. And the sharper we become, the easier it is to acquire new skills.

5) Tax benefits.

For employees, it’s a fact of life that there’s not much they can do to control their tax situation. Entrepreneurs, on the other hand, get to enjoy some nice tax perks. There’s a huge range of things you can write off from your taxes when you’re a business owner. Expenses like phone bills, food, traveling and even portions of car payments. The government is also very supportive of startups right now which means you can qualify for government incentives. Make sure that you hire a good accountant and ask them what tax benefits you may be eligible for.

4) Putting your determination to the test.

When you become an entrepreneur, you learn a lot about yourself. Like what you’re willing to do or how far you’re willing to go to make your business work. The challenges and roadblocks you encounter as you grow your company will actually make you a stronger and more determined person.


3) Pride

There’s no greater feeling than knowing that you’ve built something from the ground up and made it successful. But to succeed, first you need the courage to begin. And how can you begin your own journey and forge a path to success if you’re afraid to leave your cubicle comfort zone?

2) Financial freedom.

Although it’s true that money can’t buy happiness, it does help you finding happiness much easier. And having your own successful business has the potential to give you the financial freedom that you’ve been looking for.

1) Inspire others.

Right now, you’re probably trying hard to find the inspiration to set out and achieve your goals and it’s quite likely that you’ve turned to other people’s success stories to get some motivation. Won’t it feel great someday to know that your own story will have a huge impact on other people and inspire them to follow their passion as well? You’ll move on from being inspired to becoming an inspiration, and that’s a very fulfilling feeling.

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