You may have your own reasons for wanting to go into business for yourself, but the important thing is to make that decision for the right reasons. Here are seven common reasons for taking the plunge (and, be warned, they are not all positive):
1. Frustration With The Job World
Communication problems, office politics and red tape are common causes of concern for people in the job world. Good employees are sometimes passed-over for promotion, or their ideas get rejected by management – sometimes without good reason.
In many jobs; promotions and pay increases fail to reward the true achiever. Bureaucracy can stifle initiative and productivity. Motivation falls and the worker sinks into mediocrity. Is that you?
A level of dissatisfaction can motivate a person into action. It is called “inspirational dissatisfaction” – when someone is inspired to do something, because they are dissatisfied with things the way they are.
2. Fear Of Unemployment
Redundancy and downsizing is commonplace these days. Many employees fear losing their job and hate the thought of becoming reliant on the government for their income. This can act as a powerful motivator for going into business.
3. Solve Money Problems
The saying “You will never get rich working for someone else” encourages some people. They see it as a way of solving all their financial woes. You CAN get rich working for yourself, but you CAN also get rich working for someone else. Some employees earn big incomes and retire wealthy, due to the rewards of seniority, and careful management of their finances.
You could think; if I can earn a lot of money working for someone else, why not do it for myself? Maybe your thoughts are; I will never get rich working here, so I might as well work for myself.
4. Doing Things Better
Job promotions are often based on seniority rather than ability. It can also depend on how well the individual gets on with management. Therefore, many people find they have more scope for success by working for themselves. This sense of success comes from doing things better than other people. This can provide the motivation to take the first step into business ownership.
5. Living Up To Their Reputation
Some people believe their reputation depends on their level of success. The chance of making and enhancing their reputation is often the inspiration behind taking risks. Living up to a reputation can motivate someone into starting a business.
6. Rising To The Challenge
Some people get easily bored and dissatisfied when they are not being stimulated by problems. They believe that success is dependent upon rising to the challenge and winning. This is another motivation for starting a business.
7. Craving For Independence
This is a big one for many, me included. Some people simply want to do their own thing, make their own mistakes, and are prepared to take some risks. They crave a high level of independence and often do not like being told what to do. And why not – there is a great deal of satisfaction in doing what you want successfully.
There is a saying: “Choose a job you love and you will never have to work a day in your life.”
