A 9 to 5 job gives you a steady, regular income, which is a great thing for most people. After all, venturing out on your own is a huge risk, to say the least. There are so many things that could go wrong, so easily. Reams of paperwork and baffling, yet stringent policies regarding businesses are also a deterrent for many.
For the adventurous kind though, a new venture is full of possibilities and excitement. Dynamic and seeking a lot more than just the monthly salary, they simply cannot be happy with a regular job. Then there are those who are tired of following the orders of a boss. Or those looking for a bit more family time, that a job just wouldn't allow.
Advantages of Having Your Own Business
Whatever the reason to start your own business, you need to first evaluate the pros and cons of running a business. Let's have a look at the benefits it offers.
Having no boss to report to is indeed a liberating feeling. You are in total control of your destiny, and you do not have to follow the order or vision of any other person. You do not have to deal with stuff like the glass ceiling, corporate ladder, or performance appraisals. Your success will be evaluated on your terms only.
Decide Your Work/Life Balance
Now, who doesn't like to work from the comfort of their homes? Or, how about working from 1 pm to 9 pm? Having your own business gives you immense freedom - wear what you want (for the most part), work where you want, and when you want.
Also deductible are travel expenses, some fuel charges, and education expenses, provided they are related to your line of work.
These are a few benefits of owning a business. If you are a risk-taker, a good multitasker, possess good managerial skills, and have the necessary capital, there is nothing better and more challenging than starting a business. You will also feel immensely proud and accomplished as your own business grows, besides profiting financially from it.