Why It’s a Good Idea to Start Your Own Business

start your own business

 

Do you catch yourself resting your chin on your hand and biting your pen while you’re on the job, or lack thereof? Do you often daydream doing something else, while carrying supplies for the company that you work for? Tired of the same routine that you’ve been doing for ten years but can’t quit because you’re saving up for a house? A car, a vacation and of course your retirement funds?

I say we get out of this rat race. Don’t get caught up with the pressure of working from nine to five just so you can get promoted and get paid high but barely have the time to enjoy your hard work.

Just get out of there.

If it’s not doing you well and I bet it still won’t in the next five more years, you may have asked yourself if it’s worth it.  It’s probably not.

But if you’ve projected your future to be a good one, then by all means keep your job, stay with it and keep growing.

But don’t get me wrong, I’m not suggesting that you quit your job now. I’m encouraging you to do more with your life, only if you want to, while you still have a lot of time to fail and succeed. While you still have the time to celebrate it.

I sound passionate about this, because I am. I strongly believe in creating your own destiny, not just and not always as an employee. It’ll limit you in shaping your future. Conceive one of your ideas, bring it to life. Invest on a project that keeps your interest. Establish a brand of your own. Discover something different. Be the leader of the next big thing.

start your own business
Photo by Joseph Barrientos on Unsplash

Since we were little, our elders have given us lectures on staying in school, graduating early, earning our diploma. Do all these and getting a job will be easy. And once you get a job, work hard and you’ll be well off.  But the truth is, it’s not that easy anymore. It’s not that easy to land a decent job with good pay much less make you rich. Even if you did well in school and graduated as the summa cum laude, life ahead is not as simple as promised. Well maybe if you graduate with honors you’ll be in demand and you get to pick the job you want. That’s exciting and commendable. If you’re one these few achievers, great work, it must not have been smooth sailing but you’ve done well.

Okay, so now you have the job, but hold on there you can’t cash in yet. The battle has just started, hard work will get you what you want no doubt. But let me ask you, what is the value of your hard work? In how many years will you be able to pay off your college loans and in how long will you be able to save enough for you to retire? Thirty years? Too long don’t you think. I may have fast forwarded there; in two years time that you have been working, how many vacations have you enjoyed? How much have you saved? How much time have you spent working as opposed to “living your life”?

So many questions I know, but at one point in our lives, we have to answer all of these. It’s not like a linear equation as simple as school-graduate-degree-decent job-promotions-get rich-do what you want-retire. Not anymore.

I’m not saying that you drop out. Please stay in school. Although it’s inspiring to hear stories of billionaires who are college dropouts, note that there’s also a bunch of them who have degrees. If you’re aiming for specializations like becoming a doctor, a lawyer, and a scientist to name a few, stay with it. The world is still in need of these professions and you’ll surely be welcomed with great opportunities.

What I’m trying to say is, if you’re unsure of your path in life, don’t settle for that ordinary day-job. Take a risk. Eliminate the what ifs in your life and take action. Don’t wait and see if anything good happens if you stay a bit longer. You’re only delaying the awesome life you could be living.

One way to do this is to…

Start Your Own Business

Starting your own business is difficult, it’s gonna be painful just like anything that’s good and worth spending your time on. It’ll be discouraging and many times you’ll think about quitting and just stay in the place you were in, because it’s comfortable that way. But once you get the hang of it, you’ll be glad you started it and continued on.

At least this is what successful businessmen, who also started from scratch, say. My friends and I have started a few online businesses and we’ve been through the phase of wanting to quit as well. But I still believe in continuing what we’ve started. Many instances will come that you’ll feel discouraged and will want to just stop and quit. But pressing on will make you successful and will separate you from those who admit they’re content with their lifestyle, even though they’re really not. They’re no longer ambitious and have become complacent in their comfort zones.

Here’s a poem by Edgar Albert Guest “Don’t Quit”

And here are some of the reasons why I’m still pushing forward with business.

Financial Independence

In business, you’ll probably generate more money than you will if you stayed on that desk, doing the same old thing with very little progress. That’s just my opinion.

Financial independence is the idea that if you don’t actively work for the next six months or the next five years, you’ll have enough money to sustain your lifestyle for that certain amount of time. This means that you have made and saved up enough money for you not to worry if you’ll be able to eat, survive and/or play golf tomorrow. Just leave your assets to work by itself. You can say that it measures the span of your financial stability if you suddenly stopped hustling.

It’s important to have financial independence and have a clear view of it; because while you can control your income, there are things that you just can’t. Wouldn’t it be better to not have to panic if an economic disaster happens?

Free time

How does working three hours a day, five days a week sound to you? This is possible if you’re running your own business. You still have to work hard of course but you become more efficient and be able to spend more time doing what you want.

You are your own boss.

There’s no need to stick around for eight hours a day, six days a week. And I don’t think you spend that whole eight hours working anyway. Sometimes you’re just waiting, and having a chat. And if you are breaking back for eight hours, you’re doing it for a company who’s only getting richer with every hour you spend for them. While you get paid minimum. Why not do something for yourself, for your own progress?

Don’t misinterpret this though. Successful businessmen are hard workers, just like you. The only difference is, while you enjoy your twenty four hour day off each week, wealthy businessmen fancy the remaining twenty one hours of their every day.

Passion

This is hitting two birds with one stone ( but don’t do that, that’s animal cruelty). As the saying goes “do what you love and you’ll never have to work a day in your life”. Start a business that you have passion for, and you’ll forget you’re even working. It may even be your saving grace if you come to a point of quitting. Why quit something you love right? You’ll always find a way to push through with it. And that just might be your key to success.

Your heart will be filled as well as your bank account. Robert Kiyosaki said in his book “Rich Dad, Poor Dad”, your business should be able to operate by itself without you keeping an eye on it every single minute. If that’s the case, it’s not a business, it’s a job. But would you mind considering your business as your everyday job if you wanted to be there in the first place?

start your own business
Photo by Mantas Hesthaven on Unsplash

Adventure = Fun + Growth

When you get into business, it’s a different challenge. It’s gonna be scary, You’ll have to find your own way most of the time. That’s where the adventure starts, discovering your own path while stumbling along the way. Picking your self up, learning through experience. It’s not about the destination, but the journey they say. I think this is what successful businessmen miss, it’s what they reminisce about; how they started and recall the things they’ve been through. I really think they yearn for it sometimes, the adventure, that is. Because it’s the part where most lessons are learned, where you’ll definitely meet a lot of people, and even find your mentor. That’s also how you grow, from learning, from subjecting yourself to painful situations and diving into the unknown.

You’re out of your comfort zone. Fight or Flight.

 

Early retirement

When I hear the word retirement, old people come to mind. Because traditionally when someone is retired, they’re represented by an old person, sitting on his rocking chair, contemplating about life and the things he wished he had done. This doesn’t always have to be the case. I’ve read some stories of people who have retired when they were in their mid 20s or 30s. They have enough to live up until they can’t physically do so much anymore. They’d rather do something else, things they enjoy and makes them feel more alive. And they can, because they can pay for the lifestyle they chose.

I don’t think we’re supposed to spend the bulk of our lives in school, work and in our dreams. We’re supposed to live it!

 

Travel

I have to admit, since I was a child I wanted to visit stunning places across the globe. I promised myself I’d do this. So whenever I see photos of my friends, instagram posts of people and beautiful places, I can’t help the feeling of being left out, like I’m missing out on a lot. But I’ve admired enough photos; I want to appreciate the world first-hand. No one needs to market this to me, I naturally just want this. And this is what drives me to tread my own future.

I’ve read something about humans having a natural inclination with the beach, trees, forests and anything that brings us closer to nature because it’s where we came from. It’s in our nature to be with nature every now and then. It has meaning.

With all the free time that being your own boss brings, it’s not hard to get in touch with the waves.

 

Create and contribute

With high-functioning brains, it’s bound that someone will invent something genius and revolutionize the world.

We all have great ideas. I bet you even thought of a million-dollar idea as kid. Then someone made it happen, they didn’t steal your idea, they just got there first and they had the means to do so. But what you should take from this is you might be capable of conjuring award-winning innovations. Don’t keep it to yourself, share it. We just have to take that first step and create it ourselves.

 

Having your own business is not the answer to everything. There are numerous ways on how to achieve freedom, happiness and independence. I’m sharing this because the future with it has been laid out in front of us. All we have to do is be alive and take a risk.

 

 

 

 

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