11. The Benefits of Starting Your Own Business Instead of Paying Someone Else

You see your 9-5 job as security and starting a business as a risky affair because of the fluctuating income.

You perceive entrepreneurship as a gateway to intensive efforts with no guarantee of returns on endeavors. You may have seen a number of businessmen fail in their very first attempt and so; you prefer to stay away from the business ecosystem.

On the contrary, recession, layoffs, and demotion are the terms that can haunt you for days if you are a person with a 9-5. You may suddenly feel that the job security that you were perceiving was just a thought in mind and nothing in reality.

You feel stuck. However, there’s no reason to do so. You have no control over what your boss or the management perceives of you, but you have complete control over your business; that’s what makes all the difference. This makes us say that starting your own business is the new job security.

Top Benefits of Starting your Own Business

Below are some of the top benefits of owning a business:

#1 You are not on anyone’s mercy

No matter what amount of work you undertake, you always fear the appraisal season, wherein you have to prove that you have worked hard. During the discussions for appraisal, it isn’t negotiating anymore; it is begging to get a raise.

On the contrary, when you own a business, the sole parameter is the quality you deliver. There is no politics, and everything depends on how you deliver the outcome for your consumers. You can know when you are performing well when you are able to retain your customers.

Also, if you are not able to retain your customers, you can attract new ones, and the business is steady.

#2 You decide when you want to work

We are not robots. We can not operate round the clock. There are specific durations in a day, wherein your productivity is sky-high. While there may be durations when you may not be able to concentrate on your job at all. In such a case, starting your own business or even freelancing can help you work on your own at the time you want.

#3 You can earn what you want

You may choose to work 16 hours a day on some days, while you may wish to work only 6 hours somedays and your business is working fine. It is just that the more you put effort, the more likely you are to make your ends meet.

So, it totally depends on you to earn the amount you want. You can have a work-life balance. You can travel wherever you want if your business can be managed remotely. So, you are earning to spend, take care of your health, and still be a businessman.

Key Takeaway

No business comes without risk but the one that helps you build your own empire, your way, by keeping your self-esteem intact is worth it.