Anyone who has ever thought they could do a better job than their boss might be a perfect candidate to become an entrepreneur. There are advantages and disadvantages to everything in life; entrepreneurship is no exception. As a matter of fact, taking this step involves a lot of risk taking. Yet, it can pay off very well and nicely, with rewards such as the opportunity to make your own decisions and be your own boss. The benefits of entrepreneurship far outweigh the negatives, but before you give your notice to that inept boss, make sure you're making the right decision.
Here are some pros---and some cons---to entrepreneurship:
---You can do it part-time. No one ever said that you have to quit your day job to become an entrepreneur. Many people who are now running their own businesses full time started off working nights and weekends on their dream business. Doing what you love in your free time can even make your day job more tolerable. And once your business is making enough money, you can happily give your two-week notice.
---You are the boss. You make all the decisions. You are in charge of every bit of the business. You don't have to answer to anyone, you don't have to justify a project because the buck stops with you.
---You decide your schedule. When you have your own business, you can set your own hours. No longer do you have to beg your boss to leave early because your child's soccer game starts at 3 p.m. No longer do you have to feel guilty when you're really too sick to work. No longer do you have to use up vacation time and your own sick time to stay home with a sick child. If you want to work out in the middle of the afternoon, you can.
---The pride of ownership. Whether you have a small Internet-based business or are selling artwork from a home studio, having your own business gives you a sense of pride that money cannot buy. Knowing that every success is because of your hard work can be extremely motivating.
--- Salary Potential. Generally, people do not want to be "short-changed"; they want to be paid for the amount of work they do in full.
---You are the boss. Yes, it's also a negative. Because if things don't work out, if you make a bad decision, if your business fails, you can only blame yourself.
---You're taking a risk. It can be scary to strike out on your own. Sure, it's also exciting, but some people cannot take the stress of being solely responsible for a business's success or failure.
---You may end up working longer hours. Most small business owners work far more than 40 hours per week. And the more successful you become, the more hours you're likely to work. However, if you're doing something you truly love, it really won't matter.
Many people who become entrepreneurs say they are happier than they've ever been. The trick is to find something you love to do and then do it. Don't do anything simply to make money, because you'll just end up as miserable as you were before you started your journey.
Copyright (c) 2010 Diane Wells
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