Entrepreneurship isn’t always an easy path, and it’s not the road for everyone, but when done right, it can be one of your most rewarding and successful career decisions. beneficial.
If you are thinking of starting a business, congratulations! You are looking for an exciting and rewarding path. But know that this is not for the faint of heart.
For every advantage, there are challenges. It comes with a lot of hard work and a need to commit to the journey.
But, for people with an entrepreneurial spirit and a determined mindset, the rewards of entrepreneurship are hard to resist.
Top eight benefits of becoming an entrepreneur:
- Rewarding career
- Work-life autonomy
- Command experience
- Work from anywhere
- Company control
- Flexible hours
- Build a beneficial network
- Pride and Satisfaction
1. Rewarding career
For most successful entrepreneurs, it’s all about mindset and charting their own path, stepping out of a corporate world that doesn’t always align with their values.
While the perks of being an entrepreneur abound, one of the biggest is simply the fact that you can work in a role (and field) that aligns with your beliefs in a truly rewarding way.
For example, if you are a believer in social justice and diversity, you can only work with clients who agree with those beliefs. If you are passionate about the environment, you can set up your business to have a low carbon footprint.
The great thing about entrepreneurship is that you don’t have to wait for the perfect job that matches your morals and ethics: you can create it! This in itself is an inspiring concept.
2. Work-life autonomy
Work-life balance and the ability to set your own boundaries cannot be overstated as essentials of working for yourself.
When you can control your workload, your job satisfaction automatically increases, allowing you to stay more engaged in the day-to-day operations of the business.
3. Leadership experience
The entrepreneurial process involves a lot of entrepreneurial growth. The leadership lessons you learn from running your own business stay with you forever, helpfully extending to multiple facets of your life.
Skills such as effective communication, patience, time management, budget planning, budgeting, self-discipline, opportunity cost analysis, etc., can essentially only be learned through a “trial by fire”.
The lessons learned (and their application) in leading your business are invaluable, both professionally and personally.
4. Work from anywhere
Your career is a big part of who you are, so it should be rewarding and generally not boring. You’ve probably felt the drudgery of office life before, so you recognize that a sense of excitement and passion in your work is no small feat.
As an entrepreneur, you are not beholden to the daily drudgery of commuting, nor do you have to do the same things at the same times every day. You can even choose to work from places other than a boring office – your home, a coffee shop, the park or even on the road during your working vacation.
If you’re considering entrepreneurship, you’re probably already wired to appreciate a faster pace and the unexpected. There’s nothing worse than monotony in your book, and owning your own business immediately reverses the predictable, thanks to its inherently dynamic and progressive nature.
5. Control of the company
While there are certainly many unpredictable unknowns about the nature of entrepreneurship, the beauty – and the irony – is that you actually have a lot of control.
It is your business, so you can make the key decisions, from who to hire and which clients to take to how to price your services (or goods), which partnerships to pursue, and what your quarterly and annual goals should be.
There is a lot of freedom in being able to set the tone and specifics of your work.
Rather than being a cog in the hierarchical wheel of a company, your ideas take center stage and make the difference. It’s incredibly rewarding to watch the seeds you sow blossom into something successful.
6. Flexible schedule
Dolly Parton may have made the 9 to 5 sound bearable (and hummable), but let’s face it: it’s an age-old gripe for most of us.
Setting your own schedule frees you from the traditional pitfalls of leaving at 9 a.m. and working until 5 p.m., so you can take into account your personal life, your family, the needs of your clients and even your sanity.
You may be more productive when you work in two hour increments with a big break in between. Or maybe some days you don’t need the full eight hours and you’ve found that working to fill the time is actually less productive. The flexibility of running your own business allows you to adapt as needed.
Focusing on results rather than watching the clock will increase happiness, work quality, and performance. And, yes, there will be days when entrepreneurship requires long hours, pushing you well past the 5pm mark.
However, even when you work long nights, you will build something on your side rather than the monotony of fulfilling a quota.
7. Build a Beneficial Network
“It’s not what you know, it’s who you know” is often quoted – and for good reason. Entering the world of entrepreneurship means expanding your professional network.
The relationships you build can strengthen your brand by expanding the pool of potential customers and meeting people who will help you personally. There’s nothing like knowing too many good people.
8. Pride and Satisfaction
Ultimately, it’s important to take pride in your work and feel good about what you’re doing, because that’s what will keep you going. Feeling accomplished seeing something you’ve conceptualized and built come together is an amazing feeling.
Being able to give back to your community, the local economy, your employees, your family and beyond is such a special feeling.
Being an entrepreneur means you are a problem solver by nature, and the satisfaction of seeing your honest hard work solving those problems is a unique experience for entrepreneurs.
The wide and wonderful world of entrepreneurship
Nothing beats being easy, and so, yes, being an entrepreneur will take time, work, and dedication. But if you choose to embark on this career path, the rewards and benefits it brings are invaluable.