5 reasons to start your own business

Is it time for you to become an entrepreneur and start your own business?

Do you dread Monday mornings and spend all week daydreaming about quitting your day job to become an entrepreneur? It might not be as easy as it sounds, but there are certainly some benefits to starting your own business. 

Not everyone has a skill set that can be built into a business. And some businesses require bricks and mortar and a good deal of structure, particularly retail. But if you think there is an idea or a skill you could shape into regular profit, here are a few thoughts that might help motivate you to spring to action and follow that dream of being your own boss!

1. Love your job

Turn that hobby you love so much into your dream job! Running your own business can be an opportunity to choose to do the kind of work you enjoy most. You can create your own custom position description, and while there may be the odd job that doesn’t delight you, you can fill your workload as much as possible with the types of tasks you fancy. Build a business out of your passion!

2. Location independence

If you’re doing the kind of work that doesn’t require you to be face-to-face with your customers every day, you can work from an office space, a café, your backyard, or even a holiday destination.  With WiFi available in most locations or with mobile broadband on your device, you can set up a portable office almost anywhere in the world! The option of variety in your work environment could help keep you motivated and energised to make your business a success.

3. You’re your own boss

If you start your own business it’s unlikely anyone will be above you in the management hierarchy. You’re the boss and that will provide you with some pretty good job security! You also get to make all the hiring decisions, so you can ensure that you’re going to be working with people you get along with really well. It’s an opportunity to build a great team and lead them to success!

4. Set your own deadlines

In a big company, people often rush each week to have their work completed by 5pm on a Friday afternoon. But when you’re working in your own business, you can choose your own deadlines. Maybe you’d like to finish a piece of work later in the evening, or after your favourite TV show. Or maybe you want to take a weekday off, and finish your work on a Sunday – there can be a lot more flexibility to make those decisions when you are your own boss!

5. Reduce travel times

If you choose to work from home, you can cut out your daily commute entirely. Get straight out of bed and start working without worrying about traffic jams or public transport timetables!  Even if you need to leave the house for work, running your own business will provide you with more opportunity to choose a work location closer to home.


CPA Career Mentor


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