LOADING

Type to search

News

Should You Quit Your Job And Start A Business?

Do you have a passion or idea that you wish you could venture into, but your well-meaning family and friends discouraged you?

If you’re like most people, you’ve probably taken the safe route, got a job, and settled into a mundane routine. 

There are risks and challenges that every entrepreneur faces. As the owner of an enterprise, you’ll also incur recurrent expenses that you won’t have to as an employee, such as wages, office rental, and business insurance.

However, if you’re still holding on to your dream, the following benefits might inspire you to take charge of your future.

Why Own A Business?

Earnings Potential

While employees take home a fixed paycheck every month, you as a business owner have the opportunity to generate unlimited income. The more effort you put in, the bigger the payoff.

As the boss, you decide how much revenue you want, and work towards that goal. It’ll take time to grow, but it’s better than working for someone else and watching them profit from your hard work.

It’s Not A Job

This doesn’t mean that you’ll sit back, do nothing and rake in profits. That day will come. 

Although you’ll have to do a lot to get your undertaking off the ground, doing something that makes you happy is not ‘work’ in the normal sense of the word.

Freedom

You call the shots. Unlike being a worker, no one dictates what you do. You can even delegate tasks you don’t enjoy doing when you can afford to hire staff. 

In the beginning, you can expect to have very little spare time, but as your business grows you’ll have more control over your schedule. This’ll allow you to take a day off whenever you want.

Making A Difference

Your idea may not change the world overnight, but you can start by helping others with your products or services. Your company could create jobs for people in your neighborhood, and if you expand you’ll provide employment for a larger population.

In time, you’ll also be able to contribute to your community by donating money, time, or both. 

Achieve Your Dream 

Quitting your day job should not be something you do in the spur of the moment. Take time to think through your business plan first. Make sure you know what to expect in terms of the costs and the risks.

If you think you have what it takes, and are willing to pay the price of accomplishing your dream, go for it!

The day you succeed will be one you’ll remember for the rest of your life. It may be a tough journey, but the benefits of being the boss, signing your own paycheck, having time for your family, and making a difference in people’s lives, will make it all worthwhile.