10 Benefits Of Being Your Own Boss. Entrepreneurship can be daunting, but it has so many rewards. Not only are you your own boss, you are in control of your destiny career wise. The following benefits are just a few of the rewards you can reap when you run your own business.
1. You’re The One In Control
Although there is too much work involved, it’s cool to be your own boss. When you own your own business, you don’t have to do what they tell you (most of the time). You have choices and you get to make the decisions.
2. Job Security
Have you ever been laid off, downsized, or fired? If you have, you get this. With entrepreneurship the security lies in the fact you are your own boss. You run the show and don’t have to worry about getting let go.
3. Flexible Hours
Owning your own business is hard work and often requires long, odd hours. In some cases, having your own business may allow you to have more flexible hours. Many stay-at-home parents, for example, choose to become entrepreneurs.
4. Financial Independence
One big enticement for business ownership is reaping the bigger financial rewards. Successful business owners have the opportunity to make more money for the risks they take. When an employee feels his value is worth more than the pay scale, opening his own business begins to make a lot of sense.
5. You Choose People You Work With
When you work for someone else, you rarely get to choose whom you work with. If you don’t like your co-workers you’d better start sending our resumes. That’s not the case when you own your own business, since you get to make the decisions about who to hire.
6. You Can Challenge Yourself
Some people thrive on the routine of their job, performing the same tasks day after day. As an entrepreneur, you can bet that each day will be filled with new opportunities to challenge yourself, be creative and learn something new.
7. You Can Follow Your Passion
Many entrepreneurs say the long hours they invest in growing their business doesn’t feel like work because they’re actually having fun in what they’re doing.
8. Lifestyle Independence
Business owners enjoy lifestyle flexibility, because they’re creating their own schedule. This looks different for everyone, but it often includes the ability to attend kids’ school and sports functions, take vacations when desired and adjust a work week to accommodate other personal needs.
9. You Connect With Clients
There are few things that get entrepreneurs as excited as when they get to interact with their customers. Rather than hiding behind a series of automated greetings, small business owners thrive on dealing one-on-one with their best clients – or making the decision to get rid of those customers they don’t like.
10. You Pride Yourself In Building Something
One of the biggest differences in owning your own company as opposed to working for someone else is the sense of pride you establish in building something of your own.