Your destiny is in your hands
It is common for entrepreneurs to be Type-A personalities, who like to be in charge and make decisions. They can therefore avoid working for anyone else by owning their own business. The ability to direct the culture of your company is one reason to own a small business, says Kasey Gahler, who founded Gahler Financial three years ago after leaving a big company. You make the decision on how best to steer your company into the future when you’re in the driver’s seat. This can be overwhelming for some, and it is essential to know when and how to delegate. However, the ability to make your own decisions about how best to operate on a day-to-day basis results in the creation of a brand, culture, and organization.”
It’s up to you to find a work-life balance
In addition to the flexibility that comes with owning your own business, you can work from wherever you want, set your own hours, wear a nightgown, and even sit next to your pet while you work. David Winters, the owner of Screenmobile in Charlotte, North Carolina, says, “I get to carry a knife, drive a pickup truck, and hang out with my dog a lot more.” Another benefit of owning a business is that you can set your own schedule.
Working with the right people is important
Most of the time, you do not get to choose who you work with when you work for someone else. If you don’t like your coworkers, it will be hard to work with them. Our resumes have been sent. Owning your own business is different from working for someone else since you hire (and fire). The Cancer Club and Divorcing Divas are two of Christine Clifford’s Eden Prairie, Minnesota-based businesses.” Over the years, I’ve hired dozens of friends, family members, and former colleagues to work with me in different capacities,” she says. The small your organization is, the more choice you have about who you work with. Surround yourself with people who inspire confidence and optimism. Weed out the people with negative vibes.
The rewards come from taking risks
It is undoubtedly risky to own your own business. Despite the risk, there are rewards to be had. In other words, the better you manage risk, the greater your rewards.
Creating sophisticated windup toys called Z Windups is one of the things Mark Dinges enjoys most about his business, California Creations in Tustin,
California.”Almost every aspect of the company has an unlimited number of variables, and as soon as you feel you have things under control in an area, everything changes. It’s like high-stakes poker combined with the greatest strategy game. Specifically, I prefer having my own money at risk, than having to live with the consequences of my decisions (good or bad). Every great game gets better with practice. By recognizing good opportunities, you can avoid bad ones. Until you get customer feedback and orders, you learn how to look like you’re committed to new products. It also teaches you how to maximize good situations and create exit strategies for bad ones. Working on a project for several years with your team, overcoming all obstacles, and then seeing millions of people around the world enjoy it is the most rewarding.”
It’s Possible to Challenge Yourself
Routine is an important aspect of some people’s jobs – they thrive on repetitive tasks day after day. Every day is a new opportunity for entrepreneurs to challenge themselves, be creative, and learn something new. As a small business owner, I rarely experience the same day twice,” says Michael Wilson, co-founder of Franklin, Tennessee-based Mad Dancer Media. “I learn something new about running a business every day.” The parts and pieces of knowledge that I learn every day just to keep the business running is fascinating to me, whether it’s about taxes, accounting, or the plethora of other things that go into running a business.”