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50 Reasons to Start
Your Own Business
 50 Reasons to Start Your Own Business

May 13, 2021         

Opinions expressed are Author's own.

Some people are destined to be entrepreneurs. Some, even serial entrepreneurs. It seems, from
the time they are born, growing up, get through school, etc, they’re hungry to start a business and
lead it to success. They will stop at nothing to make that dream a reality.

Related: 3 Steps to Eliminating the Barriers to Becoming Self-Su cient

For others, starting a business is a scary, intimidating notion. There are too many unknowns to take
the plunge. But if you’re considering becoming an entrepreneur, don’t forget all the bene ts that go
along with it:

1. Flexibility to work your own hours. Yes, you may be able to gain a great deal of exibility in your
time schedule. However, you must understand that a business, a
true business - as opposed to a hobby - will take time, perhaps a great deal of time, initially - to get
off the ground.  So, be prepared to put in the time, in order to gain exibility.

2. More spare time (eventually). Spend more time with your family and friends. Again, this only
applies once your business is established and you have employees,
virtual assistants, and/or automated systems handling the majority of necessary responsibilities.
Don’t expect to have more spare time until you reach this point. In all probability, you will have much
less time.

3. Call the shots. Nobody else is going to set the rules. You are. That said, you must know what you
want and be prepared to take risks to get it.

4. Set your own deadlines. No more last-minute rushing unless you want to do it. This can be
problematic, if you are not organized and/or focused on success. So, know your "why" for starting
your business and keep it front-of-mind at all times.

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5. Sell how you want to sell. Online? In person? Inbound? Outbound? It’s your call. You literally have
the decision in the palm of your hand concerning how you wish to do what you wish. You are
ultimately responsible. Just remember that "little" point.

6. Create your own environment. You can set the formality and culture of your organization. From a
one-person organization to one of tens or hundreds, you determine how you wish your company to
project itself and perform.

7. Pursue your passion. You can do what makes you happy. There is no need to start a business
only to suffer from the same lack of passion many currently feel working at their present job. Your
own business provides you the opportunity to "spread your wings" and ful ll some dreams.

8. Create something from scratch. Watch your organization grow from start to nish. There is no
better feeling than building something yourself. You can bring something to life!

9. Meet new people. Network with other entrepreneurs and professionals. While an essential
component of many businesses emphasizes contacts with clients and customers, if you are not
necessarily a "people person," you can opt for a more online business situation which emphasizes
somewhat less personal contact. However, no matter which route you choose - greater or lesser
contact - know this: business, in general, requires contact with others.

10. Build a team. You decide who to hire and bring into your company. These decisions are all yours.
You must take ownership of who you choose to have around you. 

11. Create jobs. Improve the economy with new job opportunities. Yes, you can move from being
the "employee" to become the "employer," even if your business just have one employee - you.
Remember, you would be freeing up your previous job for someone else. Go for it.

12. Help people. Provide jobs, and products and services to improve peoples' lives. This is an all-
around win-win. As you realize your dreams of business ownership, you will also be providing
opportunities for others, in addition to proving much-needed good and/or services. Again, win-win.

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 50 Reasons to Start Your Own Business

13. Become an expert. Learn the ropes of your industry through rst-hand experience. Business is
about solving problems for an adequate compensation. To do this, you must know the problems to
be solved within your selected industry. You may not know these things initially. So, you must rst 
become a student in your chosen business area. Develop your industry knowledge and skills.

14. Invest in yourself. You take the risk, and you’ll gain the rewards. Purchase courses, join
mastermind groups, etc. Focus on learning. In other words - 'Empty your wallet into your brain'
[Paraphrase] - Benjamin Franklin.

15. Make more money. If you want a pay raise, you can give yourself one. The rule is simple: the
more problems you solve for others at a pro t, the more money you make. So, when you want to
make more money solve more, bigger problems in your business.

16. Financial independence. No one else is signing your paychecks. You can only truly become
nancially independent when you own your own time and means of wealth building. Rarely, if ever,
will you become rich working for others.

17. Tax bene ts. Write off your biggest expenses. The US tax system is designed to reward
business owners. Owning a business is the best way to legitimately lower one's taxes. Note: while
you do get to write off lots of expenses as an entrepreneur, beware the “ self employment tax.”

18. New challenges every day. Find new ways to stimulate your mind. Again, business is about
solving other people's and businesses' problems for pro t. When you are good at doing this, you will
be presented with varying challenges each day. So, get your juices owing!

19. Get exposed to new cultures. Discover new perspectives and approaches. He/She/They who
have the widest exposure to the greatest number, kinds, and amounts of experiences, will have the
edge in every area of life, especially in business where innovative approaches to problem-solving is
well-rewarded.

20. Discover new elds. Delve deeper into your industry. In other words, the more you know and the
more you learn, the more valuable you (and your business!) will become. As this happens, the
better you will be paid. 

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 50 Reasons to Start Your Own Business

21. Create an asset. Give yourself something sellable to hedge your bets. Rationale: while
marketing/selling other peoples' goods and services (i.e., a liate marketing) is a great way to start,
maintain, and grow a business, there is little doubt that owning one's own product or service is the
most lucrative asset one can possess. Even if you love a liate marketing and will base your
business upon it, seek to create some asset you totally own, especially a digital product.

22. Connect with your clients. Forge real, personal connections. This begins with knowing the
difference between a customer and a client. Essentially, a customer is a one-off relationship, even if
you serve him/her on a number of occasions.  A client, on the other hand, is a higher form of
customer with whom your business has formed an enduring, mutually-bene cial relationship.
Always seek to turn mere customers into clients. Connect with them.

23. Delegate boring tasks. Don’t do anything you don’t want to. You've heard it before, and may
have even said it yourself: "Time is money." If you are starting a business, you cannot afford to
waste your time performing any activity which you can pay someone else to do faster, cheaper, or
better than you. Every second you waste costs you money. Delegate!

24. You can stop working. Work you enjoy doing can’t be described as “work.” There is nothing like
"working" for yourself. Its not really working. Its more like "building" for your yourself, your future,
and your family's generational wealth.

25. The power to give. Have the power and exibility to donate time or money to worthy causes.
"Give and Ye Shall Receive!" We have all heard this adage many times. Well, it is more than a saying,
it is a natural law, akin to another natural law, "What goes around, comes around." Together, they
form a greater natural law: the Law of Reciprocity. So, do better to give better.

Related: The 8-Step Battle Plan to Succeed as an Entrepreneur

26. Get involved in the community. Participate actively in your neighborhood and region. Success in
your business may well lead to a higher pro le in your given community. Take advantage of this to
become a catalyst for change and improvement. This, in turn, may further raise your pro le, and
gain you even more business.

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 50 Reasons to Start Your Own Business

27. Improve your industry. Push your industry forward with new innovations and ideas. Becoming
an industry leader doesn't have to be so daunting. When you concentrate on business excellence,
your reputation will grow. Use this to respectfully move your industry forward as much as you can,
without unnecessarily stepping on toes. 

28. Get a mentor. Meet valuable, insightful mentors and learn from them. It is impossible to know
everything, especially at the outset of an enterprise. It may do you well to seek the guidance of
selected, trusted individuals in your business space. Do this with care. Also, know what you can
return in favor. Gaining a mentor will take time. So, at the very beginning, you may wish to study up
as much as you possibly can on your own.

29. Become a mentor. Take your own knowledge and experience, and mentor someone else.
Remember the adage: "Give and Ye Shall Receive." Just as you would bene t from a mentor as you
rise in your business space, someone else could gain knowledge from you as they seek to expand
their business knowledge and experience. You could be that missing link for them. Know this: you
get as good as you give. So, if you want help, help someone else.

30. Learn new skills. Branch out in new departments. Remember the saying: "If you are not growing,
you are dying." How true! Nothing stays the same. Nothing stays still. Nothing. This is also true with
learning new skills. Never stop growing. Never stop learning and, therefore, making yourself as
valuable to those around you, as possible.

31. Attend new classes and seminars. Constantly re ne your skillset and stay updated.
Grow...grow...grow. Never stop growing. Having a business will push you to update your skills and,
thereby, improve your value in your business space. No matter the business area you choose,
nothing stays the same. So, you must stay up or risk falling behind.

32. Have a big o ce. If you want the biggest o ce in your workplace, it’s yours. You deserve to get
out of that cramped cubicle area where you now work, get off that factory oor, get off that over-
the-road truck seat, etc. Stretch out for once. Get your business going. Go on. Get moving.

33. Work from anywhere. Work from home, from an o ce or a beach, if you so choose. This is one
of the best aspects of starting your own business. In fact, many modern business owners actually
work from their home o ces, vacation areas, off-grid living spaces, rural areas, etc. Go for it!

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 50 Reasons to Start Your Own Business

34. Have the option for multiple ventures. Start another business when you’re done with this one. In
today's business environment, especially given the relative ease of starting a business online,
starting multiple businesses is a relative piece of cake. With the small annual cost of buying a
domain name, getting cheap hosting, and signing up for an a liate program, starting multiple
businesses has never been so easy. And if going this route makes you anxious, you can as easily
start a business on YouTube,  on Instagram, using the Pinterest platform, Facebook, Twitter, TikTok,
What's App, article writing, e-book publishing, and Google Adsense.

35. Gain entrepreneurial experience. Being an entrepreneur makes you a better professional in
almost any position. As a business owner, you are forced to make decisions you may have passed
up the chain of command in your J-O-B. Now, you must learn to make those decisions and live with
their results. There is nothing like pressure and stress to hone one's experiences.

36. Get recognized. Start earning name recognition and build a reputation. Let's face it, we all like to
be noted for doing something right - to one degree or another - some of us more than others. From
an entrepreneurial standpoint, recognition can - and often do - lead to other money-making
opportunities. So, starting a business and gaining recognition can certainly be a good thing.

37. Get things done faster. Set your own e ciency rates. Life simply moves faster when you are an
entrepreneur/business owner. You no longer have time to waste because, as you know, "Time is
money." E ciency is at a premium, and that means more money in your business account. 

38. Build a personal brand. Take the time to develop your personal brand, and tie it into your
business. This is especially true if you can turn your hobby into a true business.  Going forward, your
brand is your wealth - and some may think - your worth.

39. Get more creative. Create your own opportunities and your own solutions. Owning a business
forces you to stand on your own two feet. You are responsible for the outcome - good, bad, or
indifferent. many times, it forces you to create something out of nothing, think outside the box, and
come up with novel solutions to pressing problems.

40. Inspire others. Serve as an example for other people to follow their dreams. Some people will
seek you out as a mentor. However, most others will not, preferring to observe you from afar and
follow your example. Remember: you are always being watched.

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41. Reduce your commute. Find an o ce space closer to your home. Sometimes - perhaps, more
than ever - that commute is from the bedroom to the in-home o ce, or from upstairs to downstairs.
Not only will your commute be reduced (perhaps, to nothing!), but your outlays for clothing, fuel,
laundry, etc., may be drastically reduced. Go ahead, start the business.

42. Have more job stability. Never worry about being laid off or red. Here is a truism: he or she who
has the most options, win. There is nothing like having a Plan B, a Plan C, a Plan D, etc. Having other
options for gaining money/wealth, in addition to your job, can be absolutely reassuring. When things
go badly economically, you need not worry because you have secured your nancial future through
your business.

43. Find pride and ful llment. Finally start taking pride in the work you’re doing. There is nothing -
NOTHING! - which comes close to the pride of ownership. know that you possess, control, and can
do as you wish with what is yours and yours alone. This is reason enough to start a business.

44. Reach your dreams. If you’ve ever dreamed of being wildly successful, this is your chance.
Starting a business, especially one online, levels the playing eld. A business opportunity, practically
any business opportunity, serves to squash any notion that success is not possible. Literally anyone
can take advantage of what a business can offer. You, too, can nd success here.

45. Learn to embrace failure. Even if you fail, you’ll walk away with new skills and more experience
you've never had. Just be prepared to stumble, fall, and fail a few times as you learn to run your
business professionally. Its called "experience." Yes, good old fashion experience. Just as you
cannot make an omelet without breaking a few eggs, likewise, you should not expect to succeed
without failing at a few components of your business. The trick is: don't fail twice in the same area.

46. Have a great story to tell. It will be a fun story for your grandchildren one day, win or lose. It is in
the stories of perseverance where the true essence of success is found. Far too often, we
concentrate on the nal success and do not pay enough attention to the struggle which birth the
success. In hearing your story, your progeny will come to understand that starting, establishing, and
growing a successful business does not involve magic; rather, hard, smart work and sacri ce.

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 50 Reasons to Start Your Own Business

47. Leave something behind. Pass the business down to your children and grandchildren. At the
end of the day, this is exactly what starting a business is all about: creating something inheritable
for your loved ones. You cannot pass a J-O-B on to your children or grandchildren. But, a business is
just the thing. Get started today.

48. Change the world. It may seem like a lofty goal for you right now, but your business really could
change the world. Well, if not the world, then, at least, your family's world. A successful business
might well change your family's entire dynamic. Get started today. Go HERE. 

49. Resources are plentiful. With the dominance of the Internet, it’s easier than ever to nd the
resources you need, including startup capital, loans, grants and even mentors. The Internet has
made it so easy to start a business today that there is no longer any reason to not do so.

50. There’s nothing stopping you. What’s really keeping you from being an entrepreneur? Of course
there are risks, but there’s nothing forcing you not to take them. And with the low bar to entry, given
the Internet, the eld is truly wide open. Go for it!

If you want to become an entrepreneur, there’s nothing really holding you back. Take the leap, and
lead the company you’ve always wanted.

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 50 Reasons to Start Your Own Business

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Have questions? You can contact me, Mike, at mike@trimwell nancial.com. If I can help in any
reasonable way, I will certainly try to do so.

Disclaimer (because honesty is the best policy): This e-book contains a liate links. If you click on
any link and make a purchase through that link, I may receive a small commission. That said, I have
tried to be honest with my opinions and recommendations. As of this writing, these
recommendations all come with a money back guarantee.

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 50 Reasons to Start
Your Own Business 

In addition to the 50 reasons, this e-Book also includes a number of

bonus topics.

Information contained herein has been adapted from  an

Entrprenuer.com article at:
https://www.entrepreneur.com/article/243145

Copyright 2021 TrimwellPublishing.com, a division of The Grior Group

LLC