Monday, 27 March 2017

Why start your own business?



1. You Control Your Own Destiny

Many entrepreneurs consider themselves folks that like to take control and make decisions. In other words, owning a business saves them from having to work for anyone else.
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2. You Can Find Your Own Work/Life Balance

One of the most oft-cited benefits of owning your own business is the flexibility that comes with it, whether that be working from wherever you want, setting your own hours, wearing a nightgown or even sitting next to your pet while you work. Just as important, entrepreneurs say that owning their own business lets them set their priorities.

 
3. You Choose the People You Work With

When you work for someone else, you rarely get to choose whom you work with. If you don't like your co-workers you'd better start sending out resumes. That's not the case when you own your own business, since you get to make the decisions about who to hire (and fire). Surround yourself with positive people who give you the confidence and optimism you need to keep moving forward. Weed out the people that put out negative vibes. The smaller your organization, the larger choice you have about who you work with.

4. You Take on the Risk – And Reap the Rewards

There's no question that owning your own business is a risky proposition. But, with risk comes reward. There are an unlimited number of variables in almost every aspect of the company, and as soon as you think you have things under control in an area, everything changes. Like every other great game, the more you play, the better you get. You learn to recognize good opportunities from bad ones. You learn how to look like you are committed to new products, without actually financially committing to it until you have feedback and orders from your customers. You also learn to create exit strategies for bad situations and how to maximize the good ones.

5. You Can Challenge Yourself

Some people thrive on the routine of their job – performing the same tasks day after day. As an entrepreneur, you can bet that each day will be filled with new opportunities to challenge yourself, be creative and learn something new.


6. You Can Follow Your Passion

Many entrepreneurs say the long hours they invest in growing their business doesn't feel like work because they're actually having fun in what they're doing.

 
7. You Can Get Things Done – Faster

Entrepreneurs as a whole seem to have an allergy to red tape. Rather than wait for approval – or for the guidebook to be written about how to do something – small business owners salivate at the chance to get things done.  

8. You Can Connect With Your Clients

There are few things that get entrepreneurs as excited as when they get to interact with their customers. Rather than hiding behind a series of automated greetings, small business owners thrive on dealing one-on-one with their best clients – or making the decision to get rid of those customers they don't like.

9. You Can Give Back to Your Community

Many entrepreneurs love the idea that in building their business, they can give back to the community or communities they operate in the form of the products and services they offer, by donating to charities and especially the ability to create jobs, which is particularly important these days.  

10. You Feel Pride in Building Something of Your Own

One of the biggest differences in owning your own company as opposed to working for someone else is the sense of pride you establish in building something of your own.



Ever have a business idea but do not have the funds or know how to start up a business? Or do not know whether your business idea will generate the returns that you desire?
 
P&G Business Consulting is willing to partner with you in assisting you to set up your own business. We can assist you to conduct market research and investment appraisal to assess the profitability of the business before you set up the business. Contact us to book an appointment to discuss your business idea.

https://www.pngbusinessconsulting.com/contact

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