6 great things about starting your own business

  1. It never feels like work, even when you are at it for 100 hours a week. When you are building a new venture, it can be more stressful to take a vacation than to go to the office.
  2. You hold all the cards. You may not prosper or even survive, but you will be in the driver’s seat. Chances are, you will not get fired or downsized (though you should be willing to step aside and let more experienced management take over if that’s best for shareholders—including yourself).
  3. You can turn on a dime. When you want to make a change in your business, you may have to run it by a few people, but generally you can act very quickly. No waiting for next quarter’s budget. No half-day meetings or extended approval processes. Just flexibility and speed.
  4. You get to choose which people you work with all day. That includes partners, employees, suppliers, and even customers to an extent. Why spend most of your waking hours with people you don’t like, or at least respect?
  5. You are constantly learning. You’ll be wearing lots of hats, particularly in the early stages. You may have to learn about accounting, finance, marketing, hiring, firing, training, sales, manufacturing, customer service, new product development, law, technology, product launches, market research…the list goes on and on.
  6. If successful, you will experience a powerful sense of accomplishment and a source of self-confidence for years to come.
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2 Responses to 6 great things about starting your own business

  1. Mel says:

    No doubt about! Having spent many years working at large, IBM, to small Companies the feeling of self determination to set sails and chart your own course is truly liberating, and intoxicating.

  2. jchunter says:

    wow, that’s a lot of stuff to have to learn…I see why most folks don’t step foot into starting their own business, its a lot of work…

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