THE IMPORTANCE OF BEING IN BUSINESS

You might still remember the thought that led to a dream about beginning your business. Maybe it was your intuition that made you realize you wanted to be your own boss. Or maybe it was that business tycoon you looked up to who always seemed to change the game in their field. Whatever planted that seed, you have kept up to the idea of starting your own business. Here are a few reasons encouraging you to go ahead and begin your own venture.

Being Your Own Boss: One of the best parts about owning your own business is that you get to be your own boss. You get to make the rules   and run the show. Starting up a venture means that you also need to come up with the mission statement of your organization, know in what direction to take your work – basically CREATE from scratch. There is no other satisfaction that comes close to waking up everyday and making the rules.

Taking The Risks: Another benefit of starting your own business is that you get to take risks. People are usually intimidated, if not afraid, about starting the word “risk”. But think about it in a positive way – all the blood, sweat and tears that you’ve put it will reap great rewards. When you take that leap of faith, it is almost certain that you will meet success on the other side. Do not think about losing because that will unnecessarily divert your attention. Make sure that you look ahead always and simply jump.

Building Your Own Team: So maybe you worked before as an employee with someone else and had to be part of a team or department. You didn’t get to choose who worked with you and sometimes your ideas were shot down or ignored. But guess what? Now that you are the boss of your own venture, you get to decide who will join you in the walk to success! One of the major tips that entrepreneurs will give you is that you need to surround yourself with like-minded people always so that everyone goes in the same direction.

Tax Benefits: There are many countries that offer tax benefits for budding companies and small businesses. Check with your legal team (if you have one) and apply for these benefits as soon as possible. Also, loans offered by banks come with special features that will be good for your venture. Never underestimate the power of a tax benefit because after all, every penny saved is a penny earned that can be put back into your venture to offer better service to your customer.

Creating An Awesome Product: There are so many legendary entrepreneurs out there who had an idea, worked with it and went down in history. Maybe that idea in your head is another revolutionary product that you know will change the market you work in. You may just never know until you decide to take the plunge and start that business. How would Steve Jobs know, walking barefoot across the street to a temple for free food, that Apple would break all sorts of technological records and go on to revolutionize personal computers and the way we listen to music? It is because he took the risk and made his dream a reality.

Believe in yourself and the product that you plan to create and just go with it. No one ever succeeded by only dreaming. That is just the start – the true adventure will happen when you turn your dream into a business venture. If you have it inside you, you also have the potential to make it real. So go ahead, register that awesome company name and start creating!

Got any more tips for a start-up business that you want to share? Or maybe you have stories of your own success. Comment below!