The thoughts of your dream career are hovering in your mind. You imagine climbing the corporate ladder now and then (almost every day).
Are you sure, you’re making the right choice?
Maybe you are or maybe you’re not!
Most people would advise spending a considerable number of years at a day job before becoming an entrepreneur; however, the being your own boss is always a better and more lucrative option in all aspects – or at least as a side project along with your corporate job.
In addition to becoming your own boss, here are 5 reasons why choosing a business owner’s life will do you more good than becoming yet another corporate player.
1. You Acknowledge the Business Pain More Intensely
As a new employee, you only get to see a fraction of the business impact you’re making.
Mostly, your boss might not reveal the whole story to you because you may get overwhelmed; therefore, you don’t see the challenges or problems top management encounters.
You don’t understand the gravity of concerns and the attention required to address them.
You understand but with experience only.
Being an entrepreneur puts you in charge of every aspect of your business. Since you are the decision maker, you acquire a first-hand experience of the business pain you face that even the closest in your team can’t acknowledge or understand.
Knowing the business pain gives you a direction and brings more focus to achieve success.
2. You Acquire a Wide Range of Skills
Usually, depending on your career level, you receive on- the- job trainings or workshops/classroom sessions to progress in your current role. You may receive advanced trainings or do certifications to move up the corporate ladder.
However, the workload is not broad in comparison to the entrepreneurial role. You experience what management grants you.
When you’re an entrepreneur, you are bound to wear multiple hats that open doors to acquire a broad range of skills.
For example, at the same time, you have to be an excellent communicator and learn persuasion skills to sell your ideas, products, or services, etc. or else you fail in your business.
3. You Achieve Self-Discipline
Unless you’re naturally self-disciplined, the set schedule at your job forces you to follow office hours.
The moment you slide away, you may turn yourself off the disciplined mode. You start to arrive a few minutes late, take a longer lunch break or end up leaving work early.
Entrepreneurship builds in itself the essential element of success called self-discipline. Whether you strive for it or not, you automatically achieve discipline and consistency without drifting away because you are running the show and everything depends on how you steer the wheel.
4. You Create Endless Opportunities to Grow
As an employee, you are likely to grow in your chosen career. You may stay in a generalized role for a while, but you ultimately will specialize to grow in your field and achieve the expert status. You may change the industry, but most probably, you would be in the same field.
On an entrepreneurial track, you have an endless array of opportunities right in front of you. You can start one or multiple businesses at a time.
You can either go for an online business or choose to open a brick and mortar store – each coming with its challenges. You may choose to go solo or do a partnership. In short, you can open multiple revenue streams for you and get dozens of opportunities to get out of the traditional ropes.
5. You Network for Joint than Individual Success
Whether you like it or not (not to say it’s bad), you being an employee makes you think more about the benefits you get than what you give to your employer. You try to balance the game, but you end up paying more attention to yourself.
You as an entrepreneur have to hit the nail every time i.e. consistently delivering your partners, team members, or clients and customers.
Not to say you work for free (you may sometimes do to build a relationship), but you have to align the needs of your stakeholders with your strategy. You have to make real connections to create a win-win situation. Else, you may survive for just a while.
After looking at these reasons, what would you decide – are you going out job hunting or start a business?