“Understand Your Motivation as to Why Do You Want To Own Your Own Business” written by Mike Marko.
You have probably heard that there are a lot of reasons why you should have your own business. I have even written about it in the blog post, Why Start Your Own Business. There are a lot of benefits to it… including having the freedom to work your own hours, and if it is an online business you can work from anywhere you have internet access.
But when you first get started building your own business, it can seem very intimidating because you have to learn something new. Or if you have a full-time job (and full-time life) finding time to work on your business can be tough. It can sometimes be difficult to do what needs to be done… and much easier to relax in front of the television.
That is why it is important to know why do you want to own your own business…
Do You Know Why Do You Want to Own Your Own Business?
There can be any number of reasons why you want to own your own business, but what is that ONE reason you have that will drive you to work on your business even when you temporarily lost that drive?
For me, it is creating an amazing lifestyle for Bren and myself. When I want to take it easy (which happens at times), I think back and remind myself that I am doing it for her. I want to create that amazing lifestyle that you read about in magazines.
The following video talks about how to come up with a “WHY” that will drive you.
VIDEO: Know WHY You want to Own Your Own Business
Here are some ideas that might help you come up with solid “Why do you want to own your own business”.
1. You Don’t Have a Boss
This is an easy one… who wants to be told what to do? Imagine what your life would be like if you could do what you wanted when you wanted to… and that you reaped the benefits of your own time? Now some bosses can be good because they are great mentors… but that isn’t always the case (probably rarely the case). So there is an attractive reason for being your own boss.
Instead, you can be your own boss and be responsible for your own success. You get to decide on the direction of your business, not someone else. There is a lot of freedom that comes with that. Plus you can’t be fired. 🙂
2. You Work When You Want To
If you prefer to work at night (maybe you’re a night owl, or have kids) then having your own business is a great solution. You have complete control over your day. If you want to sleep in… you can. You have that flexibility.
It is so much more satisfying to know that YOU benefit from your hard work directly rather than some corporation. If right now you work 8, 10, or even 12 hours a day… wouldn’t it be better to use those hours to build your personal future?
Yeah, I know there is some degree of the unknown. There is a certain amount of losing-money-risk-factor. But to be honest, when does life not have risks? This is completely normal. Your job doesn’t pay you in advance… so what happens if you can’t come into work because of a family emergency? Promotions are rare and pay rise not very significant. Now on the other hand, when you invest in your business and work hard to your success your profits can be 10 times bigger than your normal salary.
5. You Learn a Lot
Unfortunately, people only remember 10% of the things they learn by watching and listening BUT learn 90% of the things they do. You will learn a LOT by actually DOING your business, and researching and then adapting as needed.
6. No Boredom
The work is varied. Since you are in charge of the company you aren’t limited to doing just one tedious task. One day you can be talking to potential customers, the next you can be balancing the books (or meeting with your bookkeeper). Every day is new and exciting.
This is just a small list of potential reasons why you want to own your own business. What are your reasons? Come up with one and share it below. We would love to hear what it is.
If you don’t have your own business yet and would like to start an online business, then check out our review on IPAS 2. It is the system we are recommending.
Here’s to your future success!
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