Starting a business and leaving the comfort and security of a job for a more uncertain financial future is a big step. It’s why far too many people are sitting in jobs they hate, too afraid to take the plunge. If this has always been a dream of yours, then perhaps it’s time to stop procrastinating. Here are five reasons why you should quit your job to start your own business.
1. Prioritise Passion
Starting your own business means that you can make a living while pursuing something that you have a strong passion for. This often leads to more fulfilment and a happier life in general. Working for someone else means that you don’t get a choice in the projects you work on or the clients you work for. When you are your own boss, you have the autonomy to decide which projects you accept and which clients you don’t want to work for. Essentially, you’re able to build the career you want.
2. Flexible Lifestyle
Are you tired of the typical corporate grind and sitting behind the same desk every day? Starting a business can be a way to lead a more flexible lifestyle. Working for yourself means having the freedom to plan your schedule according to your own productivity instead of being bound by eight-to-five work hours. It also means that (deadlines permitting), you can schedule in medical appointments, exercise or personal meetings during non-busy times of the workday, allowing you to live a fuller life. Flexibility can also mean working from wherever you want. Whether you’re at home, the local coffee shop, or even on an exotic beach, for a lot of businesses all that is needed is a good Internet connection. Plus, gone are the days of the hours spent commuting from your home to your office during rush hour traffic. Even if you do work from an office space, you can plan when you go into the office to avoid wasting time in traffic. This means you’re more productive and less stressed.
3. No Job Security
In today’s world, no job is truly secure. With so many retrenchments happening across industries, who’s to say that holding down a permanent position is more secure than creating your own business? If the company you work for can find someone cheaper to do your job, your position is at risk. In today’s increasingly automated world, more and more people are being replaced by technology and algorithms, which is why it is more important than ever to oversee your own destiny.
4. Learn New Skills
Starting your own business, whether in the form of a product or service means that you will have to learn and master countless new skills. From learning how to manage your money and keep up with your financial paperwork, to strategizing and project managing your business growth, the learning potential for new business owners is endless. Plus, not only are you up skilling yourself by learning all the elements that go into running a business, but you’re also opening yourself up to endless possibilities as the master of your own destiny.
5. Earning Potential
Although there are no guarantees, there is some comfort in the knowledge that the harder you work on your own business, the more you can potentially earn. Even if you work overtime in a regular job, you’ll always only be taking home the same salary at the end of the month. When you start your own business the days of putting in extra hours for no return and watching your employer pull in the profits will be over.
What do you think? These were a few reason to take the big leap and go for it. To realise your dream of having your own business. If you are serious about starting a business then maybe our Business Lab is for you, book a free discovery call to find out.
Have an amazing day!
HANNA GIRLING, wife, mother, business owner, mindset coach, sport enthusiast and forever an optimist.