20 Reasons Why You Should Start a Business
Prov. 31: 13-19
An entrepreneur is someone that is busy and if he/she wants to be successful in business, he/she must be an early-riser (vs. 15a).
An entrepreneur is an investor – he/she does not spend all his money buying things. From the proceeds of your business, you should invest (vs. 16).
Twenty Reasons Why You Should Start a Business
- It helps you to fulfill your passion and desires. Many salary earners have their desires unmet. A business person is an adventurous person and having your business helps you explore all your desires. This sole reason is why we see some bankers, for instance, quit their jobs to become chefs. Will you watch your passion die as you earn a probably meagre salary?
- It helps for management and flexibility of your time and life! Prov. 6: 6-9
- You become your own boss. This sounds like a sweet deal but one needs to be careful and wise, lest one ruins everything – because all the profits and losses come to you. A wise business owner will see being his/her own boss as an opportunity to plan ahead and invest.
- It makes you an employer of labour. You become a job creator eventually.
- It takes you out of the labour market. Starting your own business does not just give you the opportunity to employ others, it also takes you above the job-seeking level.
- It gives you the opportunity to express your uniqueness and creativity.
- You determine your earnings. Warning: Do not overpay yourself as a young business person. Settle the people that work for you first, that way you build a loyal team – as the business grows, everyone’s needs – including yours – become taken care of. Do not overstaff either – it affects the business.
- It give you the opportunity to live above salary. Your earnings are most probably going to be higher than a salary.
- It gives you the opportunity to set your own environment – you build your team, you network, you choose who to do business with or meet; unlike as an employee, you have to do things according to the organization’s policies.
- You invest in yourself until you become an expert. As a salary earner, your promotion is determined by others, but as a business owner you can grow and develop yourself as you go. Since you can surround yourself with the kind of people you want, you gain more knowledge and insights.
- It opens you to new challenges and exposure.
- It gives you an option of multiple streams of income. You have the opportunity to do a couple businesses at once as a business owner.
- It give you job stability and security. However, this is also dicey because if you make the wrong moves, you can disrupt your own stability.
- It gives you fulfilment when you do what you like and have passion for.
- It gives you tax benefits. In some developed countries, certain tax benefits are given to business owners.
- You become a mentor to others.
- It gives you an opportunity to change your world from your angle. Creating something that touches and changes lives make the world a better place. What services are you rendering that is making a difference?
- It empowers you to build your personal brand.
- It gives you the opportunity to become a kingdom investor. The Christian entrepreneur knows that he must give back to the God that gave him the strength to gather wealth.
- It gives you the ability to create generational wealth. Gathering wealth as a salary earner might take longer than an entrepreneur would. Prov. 13: 22
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