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Should You Open Your Own Business

by Matej Njiri21. June, 2016

Should You Open Your Own Business

If you asked someone this question, his answer was probably negative. And the reasons are different. Your social life is ending, you will probably end up in debts, you will lose normal sleep and millions of others. It’s true that starting up new business can be intimidating at first and it requires lots of hard work. Maybe you always dreamed of opening your firm or shop, or maybe you desire big change in your life. Regardless of your current position in life there are some signs that should tell you if you are ready to start something of your own. Maybe you are passionate. You can have great concept of a future business in your mind that you completely fall in love with the idea, so maybe it’s time to turn that into reality. When you start expect to work long hours for less money, but eventually if you master your craft and schedule you enjoy freedom, which is what most of the top entrepreneurs have.

When you start to build up your new business there will always be someone who will be interested to find out how you do it and how you started everything. So you will always have a story to tell and even better determine its chapters. Many entrepreneurs have tax benefits. Expect to write off expenses like food, travel, some of the car payments and even phone bills. What’s even better some of the new startups can qualify for getting incentives for government. One of the best feelings you can get by building new business is a sense of pride. You are able to execute your vision and then when you look at your company you can say that you did this. This also gives you posterity. Imagine that you are bus driver, doctor or a plumber. You can’t pass on your career to your children but if you are the owner of your business you can pass it on to the next generation. You created it so be proud of it. When you build your own business you will have job security. You are your own boss running the show, so you don’t have to worry someone will fire you from work.

This means you are in control of company’s profit and you choose where to allocate financial profit.  When you start your own business you are making sure to experience something new and face new challenges. When you start business from beginning you will become expert in your field, if you stick to it every day you will become master. It’s important to have determination. Everything you do as entrepreneur is going to affect your personal life too. If you are successful you will get recognized and maybe even win local, regional or national awards in the industry or specific field. This of course should not be only reason for starting your work but it’s great feeling when you get recognized.

If you are creative individual, and if you feel like you don’t want to waste any more time, it is time to get out there and show what you’re capable of by expressing yourself and managing business the way you imagined in your head. Just take a look at some of the most successful entrepreneurs in the world like Bill Gates, Elon Musk or Sergey Brin, they really changed the world, even if it’s in a small or big way.