10 Reasons to Start Your Own Business

Carlee Linden

Last Updated: February 24th, 2020

Shaking hands over business papersIf you’re looking for a new venture in your life, consider starting your own business. While being your own boss is the dream, here are a number of other reasons to start your own company:

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1.  Create new jobs

Starting a new business creates more jobs in your community.

2.  Choose your environment style

Being the boss means you can start “Pizza Fridays” and have a relaxed dress code. If that’s not your style, you can have a more formal office environment with a work uniform. It’s entirely up to you.

3.  Reduce your work commute

Tired of getting stuck in traffic on your way home? Choose a location closer to home to cut down on your daily commute, so you can spend more time doing the things you want to do.

4.  Change the industry

Over the years you have probably thought of numerous ideas to improve the industry. Starting your own business is a great platform to bring those ideas to life. Create a solution to a common problem or design something that no one has ever seen before. This involves some risk as the industry might not be ready for change, so come prepared to defend your proposal.

5.  Socialize with new people

Networking is part of the life of any start-up business owner. Whether you attend networking conferences near you or decide to chat up the owner of another local business, you’ll be doing a lot of talking.  Networking will help you build your client base and get you referrals.

6.  Help others

Ask yourself, is there a service you could provide to help those in your community? Maybe you know a more productive way to clear snow off the road. Or perhaps you know more about buying a house than anyone you know. Using your knowledge to help others is an excellent reason to start a business. The services and products you provide will be beneficial to those around you. And at the end of the day, you’ll be glad you could help someone in need.

7.  Build your dream team

One of the best perks of owning your own business is hiring who works for you. You might not want your uncle running your accounting department, but you do know someone else perfect for the job. Choose people you’ll enjoy working with and who compliment your personality. Knowing your strengths and weaknesses will help you hire people who will continue to challenge and innovate your business.

8.  Expand your skill set

Running a business requires more than just providing a service or selling a product. You’ll be required to develop new skills and see where your strengths lie. Maybe you want to try attracting new customers by designing an ad for a local magazine. Or perhaps you want to be involved in the hiring process. Whatever your reason, adding some new skills to your repertoire will help you to understand all aspects of your business.

9.  Be an expert

It always feels great when someone comes to you for advice. When you first start a company, you might not feel like an expert, but after years of experience, you will know all the ins and outs. If there is a question, you most likely will know the answer or know who to ask for the answer. Learning through first-hand experience will make you a business guru.

10.  Do what makes you happy

Working toward something you care about will make work feel less like work. Not only will you love what you do but you’ll work harder to achieve your goals. You will inspire others, as they watch you struggle, take risks, triumph, and finally achieve your dream. Whether or not your business takes off and changes the world, you’ll feel proud that you went for something you are passionate about.

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