I have known from a young age that I would like to run my own business.
This aspiration was as a result of watching my dad create his business, and seeing his trials and tribulations of having ownership over the direction of his career and livelihood.
I have always been fascinated by work. It consumes over 1/3 of our time in a given day and often comes to define us as individuals.
Yet for many, work is just one of those things we do to ensure that we can live adequately and provide for ourselves and family. Most people I meet don't enjoy their jobs or seem constantly stressed by their day to day reality.
Now, I realize that starting a business is not for everyone. In fact, most people are better suited to a traditional employee role or corporate position.
There is a good reason for this. Starting your own business is difficult, requires a certain level of risk taking, takes significant time and effort to set up and often relies on an element of good fortune to survive.
Nonetheless the benefits - both financial and personal - can be tremendously fulfilling.
This post is for the individual who has a yearning to start their own business. It lists 20 reasons why I started my businesses. I often refer to this list when times get tough (and they will; starting a business is not easy).
I hope this article provides inspiration for you to take action to start your own business or if you have already got your own business I hope this article reminds you why that was one of the best decisions you have made!
20 Reasons to Start a Business in 2022
- Avoid the ridiculous corporate culture of 'face time': I had to show that I had put in the hours. Otherwise people would think I was slacking. This type of culture always irritated me - it's unproductive and demotivating.
- Escaping the reality of a confined job description: After time, a job becomes monotonous, mundane and unchallenging. Running your own business is constantly challenging and exposes you to every facet of business - from stapling and filing to strategy, marketing, sales, and financial management. If you consider yourself a dynamic individual, your own business will definitely provide the dynamism you crave.
- Working for someone is constraining: Being your own boss opens up a new reality defined by a key human virtue of autonomy.
- Purpose is a key ingredient for happiness: In an employee role, the realization of purpose is often consumed by the overall purpose of the business. Having your own business makes it easier to align your personal purpose with that of your business - be it the purpose to make lots of money, further a cause, inspire people, free up time, etc.
- Be the creator of your own destiny: Working for yourself opens up so many more options in terms of how, where and when you work. The feeling of liberation can be overwhelming and is not for the faint-hearted. Many people I meet who have started their own business have failed as they are poor at self-direction.
- Escape the drudgery of the 9-5: You work for a boss who you don't respect and colleagues who you would not choose to socialize with.
- Wear what you want when you want: Of course, this is often tempered by the industry or nature of work that you are involved in, but I know very successful business owners who work in their boxers or when they are in the office in casual wear.
- The line between effort and reward is so transparent when you work for yourself: This makes the effort have so much more purpose and the reward feel so much more fulfilling.