For many industrious professionals, the benefits of entrepreneurship are fabulously rewarding! Following are a few perks of running a business:
1. Autonomy
Studies have shown that people who have more control over their work tend to be more engaged rather than exhausted.
2. Leadership Growth
Self-discipline, patience, soft skills, passion, positivismm and unrelenting work ethic. Growing a business from the ground up sharpens these leadership traits, which means that running a business can transform you into an inspiring leader personnally and professionally.
3. Flexible Schedule
Who really likes the “9-to-5 grind?” Running a business gives you the opportunity to break out of that cycle and create your own schedule. If you are a morning person like me, begin your day early. Or work later in the day if you prefer evenings and take an afternoon hike when the fancy strikes you.
A study conducted by the National Center for Biotechnology Information revealed that a results-based work environment (where the focus is on results--not on working a certain number of hours) leads to greater physical and mental wellness.
4. Boosts Self-Confidence
Nothing boosts your confidence more than struggling with self-doubt and rising to the top. Many people running a business become more confident in their self-reliance as time marches on and they see what they are really capable of.
5. Selecting Who to Work With
Entrepreneurs are able to select which clients to work with, staff to hire, and partnerships to pursue. If having control over business relationships interestsyou, running a business may be the perfect fit.
6. Constant Personal and Professional Development
Running a business forces you to constantly grow your skillset--from marketing to closing deals to reviewing analytics. There is always more to learn and apply to your business--no time for complacency here.
7. Ideal “Office” Space
Digital nomads often combine fun travel with online business, working from coffee shops, hotels, and co-working spaces in the coolest cities around the world which can make for some nonpareil “offices.” Even if you aren’t globetrotting, the ability to work from a beach, a charming coffee shop, or even a home office while wearing pajamas is delightful.
With all of that said, things don't always work out for those running a business and I get that. Things didn’t work out for me when I started my first business either.
Thinking that advertising was the key to having a lot of clients, I dove right into it.
I devoured articles and freebies and I quickly found them to be outdated, not-relevant, based on manipulation, convincing and overcoming objections.
After many months of spinning my wheels I was left feeling jaded and demoralized.
I didn’t see how I could ever have a successful business.
I have found that the reason most people don’t end up with a sustainable business that earns them the money they want and need is:
- They start a business without being properly funded. Due to this under-capitalization, they fail.
- They have a business model that lacks a solid foundation.
- They have unsuccessful marketing initiatives.
It’s really not your fault--it’s just the way things are.
Anyone with those three problems would have trouble growing a successful and financially rewarding business.
But that is a post for another day my friend.