Featured photo by Roman Kraft
Have you ever wanted to start your own business but are too afraid of the consequences? Below, we give you five reasons why you should move on now from being an employee into an entrepreneur.
In this era, it’s no surprise that many women are taking on very career-oriented roles. However, many also inevitably experience the downside of an unfulfilling corporate roles.
Most of the time, this happens unexpectedly – one moment, you feel like you are on top of your career and then next, you feel like you’re stuck in a rut.
To seek greater challenges and in an effort to create something even better for themselves (or their loved ones), most women opt to explore and move towards a better career or set-up their own business venture.
Women who have a strong passion, idea or hobby, are usually those who go into the entrepreneurial route. After realizing that there is no real fulfillment in a corporate career, moving on to get behind the wheel could be a better change.
It doesn’t even matter whether you are in your 20s, 30s, 40s, 50s, 60s and beyond, when it is time to take the leap, you take that leap. Below are five more reasons why you should:
You become your own boss.
Starting a business means you get to be the de facto CEO. Yay! This means you get to determine your own working hours, your place of business, and agenda of the day. No one is going to boss you around, but you do need to boss around other people (your employees) to ensure that they are doing their part efficiently.
The harder you work, the more you could earn.
Being locked in a 9 to 5 job does give you a decent mode of income. However, this amount is almost always fixed – and no matter how good and efficient you are in your day to day tasks, your rate stays the same.
Starting your own business however will not lock you up in a similar pattern. Once you have completed more orders or serviced more clients, there’s always the potential for you to earn more than the usual.
Open yourself up to new partnerships and expansions.
Being an entrepreneur means that you can venture out and network with other business owners in order to gain potential partners and insights from seasoned individuals in the field. This is very important especially when your business needs to expand in the future, or when you need partners who can supply you with particular materials you may need.
Work up your skills as you learn the ropes.
Even though your business came from a unique passion, this does not mean that you don’t have to do some dirty work. Managing and sustaining the business requires attention in other areas such as financing, logistics, marketing, customer engagement, and employee management – it is tough, but it could build character and help you wise up.
Fulfill an advocacy
Again, it all goes back to passion. Do you want to promote healthy living by creating and selling gluten-free desserts? Great! Want to increase awareness about climate change by introducing clothes that are made from recyclable materials? Go ahead!
The thing about starting your own business is, it gives you enough room to be creative , while for the most part, you also get to create a positive impact within your community.
Leaving a dull or dead-end job may seem the right thing when you have finally thought of pursuing a passion. But there are certain risks and uncertainties that goes with it, especially if your current salary is your main source of income.
Of course, you might think that your new venture can augment your loss of income, but before resigning from your job, do make sure that you have enough savings that can sustain you for a while, because the reality is, there is still no assurance that your business idea could actually work.
So for the moment, just make sure that you have a backup plan when things would not go too well, or if your business does not immediately pan out.
Identity Magazine is all about guiding women to discover their powers of Self-Acceptance, Appreciation, and Personal Achievement. We ask that every contributor and expert answer the Identity 5 questions in keeping with our theme. Their answers can be random and in the moment or they can be aligned with the current article they have written. In that way, and as a team, we hope to encourage and motivate each other, thus inspiring you to Get All A’s.
1. What have you accepted within your life, physically and/or mentally?Additionally, what are you still working on accepting? Now, we’re talking about resignation, rather stepping into, embraced, and owned.
I am happy of what I am and where I am now, because I worked for it, and I think it’s a good thing.
2. What have you learned to appreciate about yourself and/or within your life, physically and mentally? On the other hand OR in contrast, are there elements of who you are that you’re still working on appreciating?
As an introvert, I have learned and appreciated the importance of getting out of your comfort zone because it gives you better insight towards other people and the world in general. On the other hand, I am still trying to work on appreciating my personal limits, either physically, mentally and emotionally.
3. What is one of your most rewarding achievements in life? Tell us not onlywhat makes YOU most proud but also share the goals and dreams that you still have.
I am proud of finding an industry niche that I actually really like at this young age, and that’s helping out other entrepreneurs realize their potentials. I also dream of becoming an entrepreneur myself.
4. Of course, we all have imperfections, or so we think. In truth, we are all perfectly imperfect. What are your not-so-perfect ways? Likewise, what imperfections and quirks create who you are—your Identity?
Being really bad at picking up social cues! If a person is being passive-aggressive, I would not even notice that until he or she tells me verbally.
5. “I Love My…” is an outlet for you to appreciate and express all the positive traits that make you…well…YOU! In fact, sharing what you love about yourself will make you smile, feel empowered, and uplift your spirit and soul. (We assure you!) Therefore, Identity challenges you to complete the phrase “I Love My…?”
I love my self-reliance and independence. These two things make me feel secure about myself, because I know that even without significant help, I would thrive – anywhere.