50 Reasons to Start Your Own Business

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M i k e E v a n s

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50 Reasons to Start
Your Own Business
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50 Reasons to Start Your Own Business

• May 13, 2021
• Opinions expressed are Author's own.
• Some people are destined to be entrepreneurs.
  Some, even serial entrepreneurs. It seems, from
  the time they are born, growing up, get through
  school, etc, theyre hungry to start a business
  and lead it to success. They will stop at
  nothing to make that dream a reality.
• Related 3 Steps to Eliminating the Barriers to
  Becoming Self-Suficient
• For others, starting a business is a scary,
  intimidating notion. There are too many unknowns
  to take the plunge. But if youre considering
  becoming an entrepreneur, dont forget all the
  benefits that go along with it
• Flexibility to work your own hours. Yes, you may
  be able to gain a great deal of flexibility in
  your time schedule. However, you must understand
  that a business, a
• true business - as opposed to a hobby - will take
  time, perhaps a great deal of time, initially -
  to get off the ground. So, be prepared to put in
  the time, in order to gain flexibility.
• More spare time (eventually). Spend more time
  with your family and friends. Again, this only
  applies once your business is established and you
  have employees,
• virtual assistants, and/or automated systems
  handling the majority of necessary
  responsibilities. Dont expect to have more
  spare time until you reach this point. In all
  probability, you will have much less time.
• Call the shots. Nobody else is going to set the
  rules. You are. That said, you must know what you
  want and be prepared to take risks to get it.
• Set your own deadlines. No more last-minute
  rushing unless you want to do it. This can be
  problematic, if you are not organized and/or
  focused on success. So, know your "why" for
  starting your business and keep it front-of-mind
  at all times.

50 Reasons to Start Your Own Business
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1. Sell how you want to sell. Online? In person?
   Inbound? Outbound? Its your call. You literally
   have the decision in the palm of your hand
   concerning how you wish to do what you wish. You
   are ultimately responsible. Just remember that
   "little" point.
2. Create your own environment. You can set the
   formality and culture of your organization. From
   a one-person organization to one of tens or
   hundreds, you determine how you wish your company
   to project itself and perform.
3. Pursue your passion. You can do what makes you
   happy. There is no need to start a business only
   to suffer from the same lack of passion many
   currently feel working at their present job. Your
   own business provides you the opportunity to
   "spread your wings" and fulfill some dreams.
4. Create something from scratch. Watch your
   organization grow from start to finish. There is
   no better feeling than building something
   yourself. You can bring something to life!
5. Meet new people. Network with other entrepreneurs
   and professionals. While an essential component
   of many businesses emphasizes contacts with
   clients and customers, if you are not
   necessarily a "people person," you can opt for a
   more online business situation which emphasizes
   somewhat less personal contact. However, no
   matter which route you choose - greater or lesser
   contact - know this business, in general,
   requires contact with others.
6. Build a team. You decide who to hire and bring
   into your company. These decisions are all yours.
   You must take ownership of who you choose to
   have around you.
7. Create jobs. Improve the economy with new job
   opportunities. Yes, you can move from being the
   "employee" to become the "employer," even if your
   business just have one employee - you. Remember,
   you would be freeing up your previous job for
   someone else. Go for it.
8. Help people. Provide jobs, and products and
   services to improve peoples' lives. This is an
   all- around win-win. As you realize your dreams
   of business ownership, you will also be providing
   opportunities for others, in addition to proving
   much-needed good and/or services. Again, win-win.

50 Reasons to Start Your Own Business
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50 Reasons to Start Your Own Business

1. Become an expert. Learn the ropes of your
   industry through first-hand experience. Business
   is about solving problems for an adequate
   compensation. To do this, you must know the
   problems to be solved within your selected
   industry. You may not know these things
   initially. So, you must first become a student
   in your chosen business area. Develop your
   industry knowledge and skills.
2. Invest in yourself. You take the risk, and youll
   gain the rewards. Purchase courses, join
   mastermind groups, etc. Focus on learning. In
   other words - 'Empty your wallet into your brain'
   Paraphrase - Benjamin Franklin.
3. Make more money. If you want a pay raise, you can
   give yourself one. The rule is simple the more
   problems you solve for others at a profit, the
   more money you make. So, when you want to make
   more money solve more, bigger problems in your
   business.
4. Financial independence. No one else is signing
   your paychecks. You can only truly become
   financially independent when you own your own
   time and means of wealth building. Rarely, if
   ever, will you become rich working for others.
5. Tax benefits. Write off your biggest expenses.
   The US tax system is designed to reward business
   owners. Owning a business is the best way to
   legitimately lower one's taxes. Note while you
   do get to write off lots of expenses as an
   entrepreneur, beware the self employment tax.
6. New challenges every day. Find new ways to
   stimulate your mind. Again, business is about
   solving other people's and businesses' problems
   for profit. When you are good at doing this, you
   will be presented with varying challenges each
   day. So, get your juices flowing!
7. Get exposed to new cultures. Discover new
   perspectives and approaches. He/She/They who
   have the widest exposure to the greatest number,
   kinds, and amounts of experiences, will have the
   edge in every area of life, especially in
   business where innovative approaches to
   problem-solving is well-rewarded.
8. Discover new fields. Delve deeper into your
   industry. In other words, the more you know and
   the more you learn, the more valuable you (and
   your business!) will become. As this happens, the
   better you will be paid.

50 Reasons to Start Your Own Business
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50 Reasons to Start Your Own Business

• Create an asset. Give yourself something sellable
  to hedge your bets. Rationale while
  marketing/selling other peoples' goods and
  services (i.e., afiliate marketing) is a great
  way to start, maintain, and grow a business,
  there is little doubt that owning one's own
  product or service is the most lucrative asset
  one can possess. Even if you love afiliate
  marketing and will base your business upon it,
  seek to create some asset you totally own,
  especially a digital product.
• Connect with your clients. Forge real, personal
  connections. This begins with knowing the
  difference between a customer and a client.
  Essentially, a customer is a one-off
  relationship, even if you serve him/her on a
  number of occasions. A client, on the other hand,
  is a higher form of customer with whom your
  business has formed an enduring,
  mutually-beneficial relationship. Always seek to
  turn mere customers into clients. Connect with
  them.
• Delegate boring tasks. Dont do anything you
  dont want to. You've heard it before, and may
  have even said it yourself "Time is money." If
  you are starting a business, you cannot afford to
  waste your time performing any activity which
  you can pay someone else to do faster, cheaper,
  or better than you. Every second you waste costs
  you money. Delegate!
• You can stop working. Work you enjoy doing cant
  be described as work. There is nothing like
  "working" for yourself. Its not really working.
  Its more like "building" for your yourself, your
  future, and your family's generational wealth.
• The power to give. Have the power and flexibility
  to donate time or money to worthy causes. "Give
  and Ye Shall Receive!" We have all heard this
  adage many times. Well, it is more than a saying,
  it is a natural law, akin to another natural
  law, "What goes around, comes around." Together,
  they form a greater natural law the Law of
  Reciprocity. So, do better to give better.
• Related The 8-Step Battle Plan to Succeed as an
  Entrepreneur
• Get involved in the community. Participate
  actively in your neighborhood and region. Success
  in your business may well lead to a higher
  profile in your given community. Take advantage
  of this to become a catalyst for change and
  improvement. This, in turn, may further raise
  your profile, and gain you even more business.

50 Reasons to Start Your Own Business
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50 Reasons to Start Your Own Business

1. Improve your industry. Push your industry forward
   with new innovations and ideas. Becoming an
   industry leader doesn't have to be so daunting.
   When you concentrate on business excellence,
   your reputation will grow. Use this to
   respectfully move your industry forward as much
   as you can, without unnecessarily stepping on
   toes.
2. Get a mentor. Meet valuable, insightful mentors
   and learn from them. It is impossible to know
   everything, especially at the outset of an
   enterprise. It may do you well to seek the
   guidance of selected, trusted individuals in
   your business space. Do this with care. Also,
   know what you can return in favor. Gaining a
   mentor will take time. So, at the very beginning,
   you may wish to study up as much as you possibly
   can on your own.
3. Become a mentor. Take your own knowledge and
   experience, and mentor someone else. Remember
   the adage "Give and Ye Shall Receive." Just as
   you would benefit from a mentor as you rise in
   your business space, someone else could gain
   knowledge from you as they seek to expand their
   business knowledge and experience. You could be
   that missing link for them. Know this you get
   as good as you give. So, if you want help, help
   someone else.
4. Learn new skills. Branch out in new departments.
   Remember the saying "If you are not growing,
   you are dying." How true! Nothing stays the same.
   Nothing stays still. Nothing. This is also true
   with learning new skills. Never stop growing.
   Never stop learning and, therefore, making
   yourself as valuable to those around you, as
   possible.
5. Attend new classes and seminars. Constantly
   refine your skillset and stay updated.
   Grow...grow...grow. Never stop growing. Having a
   business will push you to update your skills and,
   thereby, improve your value in your business
   space. No matter the business area you choose,
   nothing stays the same. So, you must stay up or
   risk falling behind.
6. Have a big ofice. If you want the biggest ofice
   in your workplace, its yours. You deserve to get
   out of that cramped cubicle area where you now
   work, get off that factory floor, get off that
   over- the-road truck seat, etc. Stretch out for
   once. Get your business going. Go on. Get moving.
7. Work from anywhere. Work from home, from an ofice
   or a beach, if you so choose. This is one of the
   best aspects of starting your own business. In
   fact, many modern business owners actually work
   from their home ofices, vacation areas, off-grid
   living spaces, rural areas, etc. Go for it!

50 Reasons to Start Your Own Business
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50 Reasons to Start Your Own Business

1. Have the option for multiple ventures. Start
   another business when youre done with this one.
   In today's business environment, especially
   given the relative ease of starting a business
   online, starting multiple businesses is a
   relative piece of cake. With the small annual
   cost of buying a domain name, getting cheap
   hosting, and signing up for an afiliate program,
   starting multiple businesses has never been so
   easy. And if going this route makes you anxious,
   you can as easily start a business on YouTube,
   on Instagram, using the Pinterest platform,
   Facebook, Twitter, TikTok, What's App, article
   writing, e-book publishing, and Google Adsense.
2. Gain entrepreneurial experience. Being an
   entrepreneur makes you a better professional in
   almost any position. As a business owner, you are
   forced to make decisions you may have passed up
   the chain of command in your J-O-B. Now, you must
   learn to make those decisions and live with
   their results. There is nothing like pressure and
   stress to hone one's experiences.
3. Get recognized. Start earning name recognition
   and build a reputation. Let's face it, we all
   like to be noted for doing something right - to
   one degree or another - some of us more than
   others. From an entrepreneurial standpoint,
   recognition can - and often do - lead to other
   money-making opportunities. So, starting a
   business and gaining recognition can certainly be
   a good thing.
4. Get things done faster. Set your own eficiency
   rates. Life simply moves faster when you are an
   entrepreneur/business owner. You no longer have
   time to waste because, as you know, "Time is
   money." Eficiency is at a premium, and that means
   more money in your business account.
5. Build a personal brand. Take the time to develop
   your personal brand, and tie it into your
   business. This is especially true if you can turn
   your hobby into a true business. Going forward,
   your brand is your wealth - and some may think -
   your worth.
6. Get more creative. Create your own opportunities
   and your own solutions. Owning a business forces
   you to stand on your own two feet. You are
   responsible for the outcome - good, bad, or
   indifferent. many times, it forces you to create
   something out of nothing, think outside the box,
   and come up with novel solutions to pressing
   problems.
7. Inspire others. Serve as an example for other
   people to follow their dreams. Some people will
   seek you out as a mentor. However, most others
   will not, preferring to observe you from afar and
   follow your example. Remember you are always
   being watched.

50 Reasons to Start Your Own Business
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50 Reasons to Start Your Own Business

1. Reduce your commute. Find an ofice space closer
   to your home. Sometimes - perhaps, more than
   ever - that commute is from the bedroom to the
   in-home ofice, or from upstairs to downstairs.
   Not only will your commute be reduced (perhaps,
   to nothing!), but your outlays for clothing,
   fuel, laundry, etc., may be drastically reduced.
   Go ahead, start the business.
2. Have more job stability. Never worry about being
   laid off or fired. Here is a truism he or she
   who has the most options, win. There is nothing
   like having a Plan B, a Plan C, a Plan D, etc.
   Having other options for gaining money/wealth,
   in addition to your job, can be absolutely
   reassuring. When things go badly economically,
   you need not worry because you have secured your
   financial future through your business.
3. Find pride and fulfillment. Finally start taking
   pride in the work youre doing. There is nothing
   - NOTHING! - which comes close to the pride of
   ownership. know that you possess, control, and
   can do as you wish with what is yours and yours
   alone. This is reason enough to start a business.
4. Reach your dreams. If youve ever dreamed of
   being wildly successful, this is your chance.
   Starting a business, especially one online,
   levels the playing field. A business opportunity,
   practically any business opportunity, serves to
   squash any notion that success is not possible.
   Literally anyone can take advantage of what a
   business can offer. You, too, can find success
   here.
5. Learn to embrace failure. Even if you fail,
   youll walk away with new skills and more
   experience you've never had. Just be prepared to
   stumble, fall, and fail a few times as you learn
   to run your business professionally. Its called
   "experience." Yes, good old fashion experience.
   Just as you cannot make an omelet without
   breaking a few eggs, likewise, you should not
   expect to succeed without failing at a few
   components of your business. The trick is don't
   fail twice in the same area.
6. Have a great story to tell. It will be a fun
   story for your grandchildren one day, win or
   lose. It is in the stories of perseverance where
   the true essence of success is found. Far too
   often, we concentrate on the final success and
   do not pay enough attention to the struggle which
   birth the success. In hearing your story, your
   progeny will come to understand that starting,
   establishing, and growing a successful business
   does not involve magic rather, hard, smart work
   and sacrifice.

50 Reasons to Start Your Own Business
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50 Reasons to Start Your Own Business

• Leave something behind. Pass the business down to
  your children and grandchildren. At the end of
  the day, this is exactly what starting a business
  is all about creating something inheritable for
  your loved ones. You cannot pass a J-O-B on to
  your children or grandchildren. But, a business
  is just the thing. Get started today.
• Change the world. It may seem like a lofty goal
  for you right now, but your business really could
  change the world. Well, if not the world, then,
  at least, your family's world. A successful
  business might well change your family's entire
  dynamic. Get started today. Go HERE.
• Resources are plentiful. With the dominance of
  the Internet, its easier than ever to find the
  resources you need, including startup capital,
  loans, grants and even mentors. The Internet has
  made it so easy to start a business today that
  there is no longer any reason to not do so.
• Theres nothing stopping you. Whats really
  keeping you from being an entrepreneur? Of course
  there are risks, but theres nothing forcing you
  not to take them. And with the low bar to entry,
  given the Internet, the field is truly wide
  open. Go for it!
• If you want to become an entrepreneur, theres
  nothing really holding you back. Take the leap,
  and lead the company youve always wanted.
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50 Reasons to Start Your Own Business
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50 Reasons to Start Your Own Business
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any reasonable way, I will certainly try to do
so. Disclaimer (because honesty is the best
policy) This e-book contains afiliate links. If
you click on any link and make a purchase
through that link, I may receive a small
commission. That said, I have tried to be honest
with my opinions and recommendations. As of this
writing, these recommendations all come with a
money back guarantee.
50 Reasons to Start Your Own Business
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50 Reasons to Start Your Own Business
In addition to the 50 reasons, this e-Book also
includes a number of bonus topics. Information
contained herein has been adapted from an
Entrprenuer.com article at https/
www.entrepreneur.com/article/243145 Copyright
2021 TrimwellPublishing.com, a division of The
Grior Group LLC