Taking a leap of faith to start your own business takes guts. But in the big scheme of things, deciding to start is actually the easy part! Being an entrepreneur is a huge responsibility that takes a lot of self-control, drive, patience, and dedication. Every year, so many people decide to just give up before they truly given themselves a shot at success.
When it comes to running a business, most of the time things will get really tough before they start to get good. And it can be frustrating and lonely when you feel like nobody understands what you’re going through. You may even find yourself craving attention and wanting constant recognition for breaking your back every day. The irony is that when you were battling the grind at a cubical job in mainstream America you probably wanted nothing more than to just be left alone.
But entrepreneurship isn’t entirely all work and no play. There are actually many benefits of running your own business. Here are 8 things entrepreneurs should be thankful for this holiday season and well as during the rest of the year. Take a few minutes to pause from your hectic schedule today and remind yourself to give thanks for these perks of entrepreneurship!
1. Having Supportive Infrastructures: Forget about all the negatives of filing paperwork and tax laws and think about the positives of them instead. Give thanks that you live in a country that supports small businesses! There are laws that protect your rights and intellectual property. And you have the freedom to let your voice be heard, create, and incorporate as many businesses as you want!
2. Embracing Endless Opportunities: You never know what you’re capable of unless you try! Even if you fail, that doesn’t mean you’re doomed. There are endless opportunities to try again and again, and give yourself more chances to succeed. Be thankful for the opportunities you’ve had so far and look forward to all of the ones to come.
3. Focusing On What’s Important To You: One of the best things about entrepreneurship that you should never forget is that you have the ability to focus on what’s important to you. No longer do you have to answer to someone else or be forced into projects or assignments that aren’t meaningful to you. You get to focus your energy on your own visions and goals instead, and make the most of your precious time.
4. Having Control Of Your Rewards: When you’re one of a few dozen minions, it can be difficult to make yourself stand out, be heard, and get fairly compensated for it. And even if you’re the hardest working employee in the bunch, you may not get any special treatment or compensation for your extra efforts. No longer do you have to try and cope with empty promises from a boss. Nor do you have to worry about going above and beyond the status quo and not getting rewarded for your extra efforts. When you’re your own boss, you have the luxury of total control over your own outcome and rewards. The harder you work, the more results you will see and the more rewards you will be able to benefit from.
5. Choosing Your Own Benefits: No longer do you have to worry about limited or crappy benefits because you can choose whatever benefits you want as an entrepreneur! You can build your own retirement plans, pick whatever insurance carriers suit your needs best, and work with reps directly to get all the answers, services, and protections you need.
6. Making Your Own Schedule: How awesome is it to be able to choose what your hours are?! If you’re an early bird, you can start working at the crack of dawn if you want, and vise versa if you’re a night owl. You can also change your hours from week to week or month to month depending on your projects, travel plans, and current demands of your business.
7. Choose Who You Work With: This is a perk of being an entrepreneur that’s often forgotten about. It’s so nice to be able to have full control of who you work with! You can choose to work completely solo or build a team of talented people that you really like and get along with. Plus if a new hire doesn’t pan out the way you expected, you also have the benefit of being able to give them the boot if they’re not a good fit. It’s nice to have that type of power!
8. Work Efficiently: A lot of large corporate jobs are filled with face time and filler busy work that’s inefficient and wasteful. The benefit of being an entrepreneur is you’re able to work more efficiently by having complete control of your time. You can utilize the weekdays to run errands and make calls. And you can make whatever changes you want to improve processes and maximize the use of your time.
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Great article! I especially like the point you make about choosing who you work with! I haven’t had the luxury yet, but I plan to one day 🙂
Terry @ Fix em Up Rent em Out says
I think your point on “Embracing Endless Opportunities” is food for considerable thought
When I started my fixer upper/rental house business in 2001, I thought I had found my niche. But other opportunities appeared, such as writing books and public speaking, which are equally rewarding, if not more so, than my original excursion into entrepreneurship.
There are still challenges, but new opportunities help to offset the setbacks.
Financial Samurai says
The correlation with effort and reward! That’s the biggest thing I’m thankful for.
To work hard and get passed over, ignored, or under-appreciated is the WORST!
With entrepreneurship, all the glory and failure is on me. Just the way I like it!
Nice Turkey pic 🙂
Yeah, performing stellar and not getting any greater compensation or rewards than an average Joe or underperformer is so unmotivating and very frustrating at big corporations.
It is a tasty looking Turkey isn’t it? 😉 Happy Thanksgiving!
Great list and always a great time of year to slow down and think about the things we are thankful for. Having the support of loved ones isn’t something that all entrepreneurs have so that is one thing that I am very thankful for.
That’s so true, good one! Having support from family can be a challenge, especially in the beginning due to the amount of uncertainty involved with starting a business. So having support is a big benefit.
I think the most important benefit is freedom, freedom to be your own boss!
Freedom is priceless isn’t it?! 🙂