Do you remember when you were a kid and you thought you could do anything? You still can.
Are you often thinking to yourself, ‘Where am I going?’
Have you found yourself at a crossroads faced with a decision to change roles, companies or even industries? Don’t let your current situation and surroundings impact your vision for the future.
For some, working at a typical 9-to-5 job is a satisfying way to earn a living. But for others, an entrepreneurial spirit may lead them on a path to self-employment. Are you deciding whether you should make a leap into entrepreneurship?
Entrepreneurship isn’t for everyone, but it can be amazing. You probably spend over 40 hours a week doing some kind of work. That time could be spent doing something you love, and more specifically, something that’s yours! You get to set your own schedule, call the shots, and be your own boss.
1. You can control your own destiny
Being an entrepreneur means you will no longer be at the mercy of your boss in your 9-to-5 job. The company chooses to hire or fire you and how you spend your working hours every day. What happens in those 8 or so hours have repercussions that stem past 5 p.m. and affect you beyond your daily shift. You probably have little control about what gets done, and all you get in exchange is a paycheck. Being an entrepreneur means no one can get in the way of your vision.
2. Your income is in your hands
This may sound like a bad idea, but think about today’s economy. Nowadays, no one works at a company for over a decade and retires with a great pension. Entrepreneurship is the new pension plan! If you believe that your income is too important to leave in someone else’s hands, entrepreneurship is the right route for you.
3. Manage your time
You only have one life. This may be cliché, but realize that life is short and if one thing is certain—you’ll never get it back. Time is the most valuable resource, and we all possess the same amount of it. Remember, you have the same number of hours in a day as Beyoncé. What could be more motivating than the reminder that one of the most successful women in the world is restricted by the same laws of time and nature that you are?
Of course, the extra resources that Queen B might enjoy at her fingertips is probably nowhere near what you possess. The difference between your life and Beyoncé’s is defined by what you choose to do with those minutes.
What’s your dream? What’s your goal? What’s the thing you’d really like to achieve this year, this month or even just before 5 p.m. today? Are you actively taking steps to achieve your goal?
4. Freedom of Choice
“This life is yours. Take the power to choose what you want to do and do it well. Take the power to love what you want in life and love it honestly. Take the power to walk in the forest and be a part of nature. Take the power to control your own life. No one else can do it for you. Take the power to make your life happy.” ― Susan Polis Schutz
As an entrepreneur, you have the power to choose what you want to do with your time, but it’s easy to veer off course. Map out a plan with a list of goals you want to accomplish — short term and long term — and check them off as you accomplish each feat. Doing this will help keep you motivated and on the right path to success.
5. You can be free to do what’s really important to you
Life must come first. Your 9-to5 job is nowhere near as flexible as being your own boss. Your work should fit into your life, not the other way around. Take a step back and ask yourself if what you are spending your time doing is important to you. Time and energy are precious, but limited resources. It’s easy to get caught up in life where you are forever responding to the things that seem most urgent, whether it’s a client or a personal crisis. To prevent this, you need to know and focus on what’s important. Take a moment to think about how you would like to be remembered. Do you want to be remembered for the big house you own, the time you spent at work, or the amount of Instagram followers you have?
These superficial issues won’t lead to personal fulfillment—and you will look back at your life with grave disappointment. More importantly, you’re dictating your life on what you think others perceive as important. If you wish to create a happy, fulfilled and successful life, you can’t focus on what is important to others — you must focus on what’s important to you. This allows you to be the best that you can be, and that’s who you need to surround yourself with.
6. Be selfish
If you want to live a life full of personal fulfillment and success that has value, you must stop living a reactionary life. You must not focus on what is important to others, but be guided from within yourself and focus on what is important to you. When you focus on what is important to you, you are able to eliminate the tasks and activities that do not take you closer to your objectives. You have a clear vision in mind and your goals are designed to take you there. This level of focus is essential for personal fulfillment and while it does take some effort, it is within the reach of everyone. When you focus on what is important to you and put yourself first; you become strong and you are in a better position to help others.
7. Unlimited earning possibilities
At a job, your earning potential is set by your company contract. Sure, you can get raises and promotions, but those are the exception, not the rule. In general, your earning potential is capped no matter how long you stay at that job.
Sure, you could earn nothing at your business. You could fail or end up in debt. However, those who jump into entrepreneurship are self-motivated to build a profitable business. In fact, there are great resources out there that can guide you during your funding stages.
By their very nature, entrepreneurs aren’t happy with the status quo and seek to grow their business and income. The beauty of entrepreneurship is that there are no gatekeepers to keep your income regulated.
8. Location Independence
There are 2.5 billion people online daily, which means you have an unlimited customer base. Your business can support you wherever you are in the world. You are no longer tied down to your little office or cubicle on the 13th floor of a rundown building.
A different environment can foster innovation and creativity. You can simultaneously do things you otherwise would never have done like traveling, or spending more time with your family. You often hear the older and wiser reflecting on their lives and wishing they had spent more time with their family and doing what they loved. Entrepreneurs have total freedom to roam, create, delegate and work. There are no cubicles or desks to be tied to all day.
Steve Jobs perhaps summed this idea up best when he said: “When you grow up you tend to get told that the world is the way it is … Life can be much broader once you discover one simple fact: Everything around you that you call life was made up by people that were no smarter than you. And you can change it, you can influence it … Once you learn that, you’ll never be the same again.”
Your creativity simply may not be cut out for the limitations of corporate life.
9. Good Company
Think of all the new technology and ideas that have come to life over the past few years. Those were all once just an idea — but amazing entrepreneurs brought those ideas to life. The entrepreneurial culture is almost like a big family — and you won’t find a better group of people willing to offer advice and help than fellow entrepreneurs. As an entrepreneur, you’ll connect with extremely intelligent people from all over the world.
Do you see something that you want changed and feel empowered and motivated to act? Do you have a great idea that’ll revolutionize the industry? An entrepreneur is an agent of change. You can change the world. If your business starts from something you’re passionate about, that passion will impact lives for years and generations. You can leave your children something you’re proud of. Think of companies like Ford that have been passed down through generations and continue to impact lives.
11. Role model
Maybe you have a commitment to increase the percentage of women in management. Maybe you have a goal of reducing bias and reaching greater equality in the workplace. Instead of taking a backseat waiting for someone else to make the change, you can take a role to be an agent for change.
As an entrepreneur, people will look up to you. You have the ability to be a role model for family, friends, employees and community members. Your success serves as motivation and inspiration. Don’t wait for a role model, be a role model. In fact, the very spirit of entrepreneurship — determination, creativity and optimism — is instrumental in inspiring others to act.
12. You will never be bored
When you are running your own business, there’s always something to do and you will more than likely always have a mile-long to-do list. Entrepreneurship will keep you on your toes, with every day presenting new challenges and new opportunities. Your mind will always be utilized. Every single decision that involves your business is your responsibility, from the initial concept and branding to the growth and goal setting.
13. You will never feel undervalued
There’s no blame game finger pointing when something goes wrong. Do you have a business idea that’ll make the company better? Great. Implement it right away. You don’t have to make a presentation and hope that someone higher up will give you the time of day to listen to your suggestions. You’re the boss.
14. Being the boss
You report to nobody. No more waiting for expense requests and vacation days to be approved. If you want to do something you believe will help your business, there’s no red tape to navigate through. Also, no more boring meetings! If you still end up in boring meetings, you have nobody to blame but yourself here.
15. Make people happy
If your job is making you miserable, starting your own business may be your ticket to a more satisfying life. Entrepreneurialism is about a belief that better is achievable, for everyone. The rewards in entrepreneurialism are driving innovation, changing people’s lives, creating jobs, fueling growth, and making a better world.
Think about it. Do you own any Apple product? An iPhone, iPad, iPod, iMac or MacBook? Chances are, either you or the person next to you owns and loves at least one of Apple’s highly revered products. These products bring a smile to the faces of millions every single day. Sure, Apple is making billions of dollars, but they are also making its customers happy.
16. Constantly learning
Learning should never stop. Many people equate age, status or certain achievements with the end of their education, but to learn is to be alive. As an entrepreneur, you’re never satiated with the knowledge you have and you always seek more.
As an entrepreneur, you’re always learning lessons — sometimes the hard way. It’s a priceless education that you can’t get in a classroom. You don’t need a degree from an Ivy League school to start a business. In fact, some of the most successful tech billionaires dropped out of school. Bill Gates and Mark Zuckerberg both dropped out of Harvard. Michael Dell dropped out of University of Texas at Austin and Steve Jobs dropped out of Reed College.
17. Dream big
No idea is too crazy and no goal is too big when you are an entrepreneur — you can dream as big as you want! This doesn’t mean that you’re walking around with your head in the clouds. It means that you are seeking a purpose in your life.
Everyone should be a big dreamer. You might have a goal or dream that seems too difficult to achieve. You might come face to face with failure. Don’t be frightened — every entrepreneur has failed. Failures set our expectations of success. It’s through failure that we come to better understand that success is subjective, and your idea of “success” will evolve over the course of your career.
Many people never attempt their ultimate “big dreams”, and they often look back with “what ifs.” You don’t have to be one of these people. You can choose to follow your biggest dreams.
18. You are a risk taker
Risk-taking is almost synonymous with entrepreneurship. To start and support your own business, you’ll have to put your career, personal finances and even your mental health at stake. You’ll be abandoning the steady paycheck, sacrificing personal capital, relying on cash flow, estimating popular interest, and trusting your small tight-knit group to work tirelessly. There’s a certain amount of risk in starting a business, but if you can handle taking risks and the pressure it takes to run a business, then you should take the leap.
19. Doesn’t feel like work
Some might disagree — but that just means they haven’t found what they truly love to do. Once you do find that, you’ll never refer to what you do as work. It’s impossible to love your work if you see it as work. Work should be something that you really enjoy doing, even if you don’t get paid to do it. The more you love what you do, the more passionate you become. The more passionate you become, the more time you spend working. If you love what you do, you’ll look forward to working and continue to work relentlessly to show your effort and passion.
20. Create a legacy and change the world
This is so important that it needs to be said twice. Creating a successful brand to the point where it leaves a legacy behind is the best motivation you could have. Change the world! Entrepreneurs don’t just want to change their lives — they want to change the world.
Mark Twain explained the allure of entrepreneurship best when he wrote, “Twenty years from now, you will be more disappointed by the things that you didn’t do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.”
Seize the opportunity to create the job you always dreamed of having. Help fix the economy. Make a difference in this world. Take your idea to fruition.
Be a thinker, a doer, and an innovator. Remember how you felt as a kid. Everything seemed in your reach. Now say it with determination — it still is.