Follow your passion
No matter what your interests and hobbies are, there is a perfect business for you. Starting your own business allows you to zero in on what you really like and make a great living out of it. It’s really motivating to get up every morning and do what you love!
Do you like food and cooking? You could start a catering business. Do you like to work outdoors? There’s always work for a landscaping business. Are you into luxury watches or other collectibles? You could start an ebay trading business.
The possibilities are endless and work doesn’t have to feel like work. So why not do something you love?
Control your schedule
With a 9 to 5 job you are locked into a rigid schedule. Do you need to get your car repaired? Do you have a doctor appointment? Too bad. You’ve got to ask your boss first.
With your own business you control your own schedule. I’m not saying that you don’t have to put in some serious work! But you decide when you work and when you take your time off.
Do you want to meet some friends for a leisurely lunch? You can. Do you want to take Friday off and have a 3 day weekend? No problem!
When I was running my book publishing business, I coached both my son and daughter’s soccer teams in the afternoons. It was awesome!
Be your own boss
Are you tired of people telling you want to do? I get it. Well with your own business, you are the one making all the important decisions.
No more silly guidelines to follow or office politics to respect. It’s your business. And you can run it the way you want.
Also as your own boss you’ll no longer have to worry about getting fired or laid off.
Even better, being your own boss also means that you are not making money for somebody else. If you work hard and well, you and only you will reap the fruits of your labor.
Work from anywhere
Depending on the business that you chose to start, you could work from virtually anywhere. That’s especially true with online businesses. In this case, the only thing you need is your laptop.
Do you want to run your business from the beach or from a mountain cottage? Well you totally can.
Do you want to work from home? There are plenty of great businesses that you can run out of your house.
Achieve financial success
You can make a lot of money with your own business. Much more than with a normal 9-to-5 job.
In fact, many small business owners make a lot more money than people who work for big companies. And that’s even true for simple businesses like landscaping services or cleaning businesses!
The bottom line is that if your goal is to achieve financial success, then starting a business is the way to do it.
Create something of your very own
What’s great about starting your own business is that you can start it very small with basically nothing and grow it at your own pace.
Believe me, It is a wonderful feeling to lay the foundation of a business and watch it grow as you pour your heart and soul into it.
There are so many exciting achievements to look forward to. Making your first sale, breaking even, hiring your first employee, getting an office…
Before you know it, you won’t believe how far you’ve gotten. You will run a business that you can look at and be proud of.
Create an asset for you and your family
A business isn’t just a way to generate a salary for you and your employees.
Every day when you work on your business you are building an asset that is constantly growing in value.
One day you could pass the business on to your family or you could sell it for a lot of money. I sold 8 businesses that I started including my book publishing business that I sold for $40 million.
It is awesome to have a business that both generates short term profits and also gives you the potential of lifetime financial freedom if you ever decide to sell it.
By Bob Adams, Harvard MBA, serial entrepreneur, and founder of BusinessTown.
