There are a lot of good reasons to become an entrepreneur, right? You can become your own boss, do your own thing, set your own hours, benefit a cause, achieve personal fulfillment, be happy, and stay away from the tyranny of the corporate world, to name a few.
Look at it this way. Markets are competitive and customers don’t care at all about their selfish motives for being in business. For your business to be successful in the long term, customers need to see a strong and differentiated value proposition to buy your products or services rather than a market full of alternatives. If you don’t, it doesn’t matter what your reasons are for being an entrepreneur. You will not succeed.
Real reasons why you should start a business
Thinking of quitting your job and starting your own business, but not sure if it’s the right decision?
Are you afraid of failing? going bankrupt? to live uncomfortably? to disappoint your loved ones?
Are you afraid of not being able to meet your own expectations?
Not everyone wants to be an entrepreneur. But if you feel it in your blood and feel an itch to start your own business, you should. The payoff is not just money that most early stage entrepreneurs don’t have. In fact, most businesses fail. But why do I keep encouraging you to start your thing if it bites you to do so? Here are the reasons why starting your own thing might be the best decision you will ever make.
And trust me, if you’ve been thinking about doing it, you just have to do it!
1. Erase the “What if there were …” from your life.
Most of us are passionate about something. And if we are talented enough to be good at what we are passionate about, we would surely want to turn it into a career. But the competition can be fierce. The market could be tough. Finances may not look so bright. So we stick to 9-5 because it makes us feel safe and secure.
But what if you get bored at your job? What if you are no longer excited to go to work? What if you are wanting to do some of your passion and have freedom with your own time?
Starting your own business may sound scary, but it’s a surefire way to get rid of the what ifs in your life, especially if you’re in your 20s and don’t have a family to feed. You have nothing to lose, but you have a lot to gain.
2. Accelerate your learning curve like never before.
One of the things you will learn when you start your own business is to learn. By being an employee, you learn about your role and your industry. However, being your own boss, you have to learn everything – from marketing to accounting, operations and finance. You will have to keep up with new technologies, tools, consumer trends, and industry news. You will learn like never before. Before you know it, you will become a lifelong learner who loves the challenge of learning about something new. You will take life as a progressive journey as you do with business.
There is no better way to accelerate your learning curve than to start your own business!
3. You will learn to be independent in your thinking and to trust your instincts.
Starting your own business requires you to think hard with your feet on the ground. Whether you are starting on your own or with a business partner, you will have to make a decision without a boss or team members that you can turn to in the first place. Over and over again, you will learn to make decisions independently and to be more decisive as you get older. You will learn to trust your instincts because no one else knows your business like you.
It is a wonderful feeling to feel that every decision you make is solely up to you. You no longer have to compromise with opinions different from those of your boss and colleagues. You make your own decision and are responsible for it.
4. You will wake up every day motivated and motivated to go to work.
This is surely one of the main reasons people start their own business. Nothing is as exciting as following your own passion and dreams. You could have a few sleepless nights because reality keeps you awake with excitement – thinking of different ideas and strategies, stalking your competitors, and dreaming of the possible dream come true. Even during downtime without making any sales, you’ll still be motivated to go to work, fix bugs, inflate sales, and make it happen. Because the business is yours and yours alone. You don’t work for anyone else, so work hard and make it happen. The payoff will be worth it.
5. You know what it feels like to really follow one’s passion.
Some people may never understand why people decide to become fighting artists instead of doing something else for a living. After starting your own business, you will understand how fulfilled it feels to truly follow your dreams and your heart. The reward is not necessarily money. The reward is in being your own boss and in the art of creating something that you truly own and love. You will learn what it is like to sacrifice external things that make you happy (like drinking and eating out) for things that make you happy internally (like making your business successful).
Of course, a profitable business is what proves your ability as a businessman. However, what really drives you is not money; it’s the passion and fulfillment you get from following your dreams.
6. You will become bolder and more courageous.
Starting a business can be scary for any first-time entrepreneur without the support of wealthy parents. You have to believe in yourself and make bold decisions over and over again. From deciding that you won’t get a full-time job to investing in the business and making various business decisions on your own. By becoming an entrepreneur you will rid yourself of your self-limited belief like never before. You will learn that there is nothing to fear. You will learn that your comfort zone expands every time you step out of your comfort zone. You will learn to initiate contacts and get closer to people. You will learn to make things happen and even if you have no idea about something, you will learn it in all the ways you can without doubt and without fear. Over and over again, this becomes a habit. You will have built this boldness in yourself and you will get used to stepping out of your comfort zone.
7. You will become a man of actions, and not just of words.
Many people talk but do not do what they have to do. As an entrepreneur, you cannot talk and do nothing. You have to keep your words and move on. In fact, things will not happen unless you take action. Being an entrepreneur teaches you that things don’t happen the way you want, things happen the way you want. You cannot ask someone else to do it for you or expect a colleague to help you. You are on your own and only actions will bring your idea to life.
8. You will realize that there are a lot of talented and ambitious people out there.
Being an entrepreneur can sometimes be lonely. But if you make friends with other entrepreneurs in your community or even around the world, you will find that there are many talented and ambitious people out there. You are not alone. You are not on your own. And these people are more than happy to share their experiences, advice and recommendations with you.
Suddenly the world doesn’t seem so small anymore. There is a whole world out there waiting for you to discover, learn and grow. The more you immerse yourself in the world of entrepreneurs and interact with other entrepreneurs, the more opportunities you will see and the more motivated you will feel.
9. You will never doubt yourself again.
Starting your own business takes guts. To be able to take a leap of faith in yourself and jump, you will have already got rid of your doubts. And in the process of working on your own business, you will become even more of a firm believer in “Whether you think you can or you can’t, you’re right.”
The most important thing of all is that you will never hesitate to invest in yourself because it is the only thing that always multiplies and can never be taken away from you.
10. You will want to do it all over again.
You could have been successful. You could have failed. But the fact that you’ve learned so much along the way makes it all worth it. Starting your own thing gives you a sense of control in your own life, joy, and satisfaction in doing something that you truly love. The rush, the excitement, the fear, the tears, the sweat and the countless nights sleeping next to your laptop are experiences that you would never have if you had not started your thing. You couldn’t have it any other way. And you’re always looking for the right opportunity to do it all over again.
If you want to start your own business but still don’t know where to start, follow these steps;
1. Start by thinking about your true passion: what you want to do every day.
2. Think of a business idea and test it with the market. Make sure there is a demand for that and who your target customer would be. Get to know them. Learn as much as you can about them.
3. Consider the skill sets you have and are missing. When starting your own business, be the boss in the area where you are good and hire someone to help you in the area where you are weak.
4. Take a leap of faith in yourself and do it. You can always get the money back, but you can never get the time back. So follow your dream. Don’t waste any more time. If you are successful, you will be rich and happy. If you fail, well, at least you’ll be smarter.