
I’m still recovering from a nice long weekend of mingling with 100+ relatives at my family reunion in Ohio. It was a great weekend and I had a great time but, I always need time to recover when it’s over. However, my recovery time will be short this year because next year’s reunion is in Atlanta, GA. Guess what I’ll be working on in my spare time for the next 12 months!!! One of the many perks of owning a business is being able to arrange a schedule that will accommodate taking on a project like that!
I always ask the following question of would-be clients and anyone else that tells me they want to start a business. WHY do you want to start a business? There are just as many answers to that question as there are people that respond. Everyone has their own answer or reason for wanting to start a business. Some reasons are deeply personal and complicated. Still, others are pretty basic and cookie-cutter. Through it all, I’ve found that a lot of the reasons tend to fall in 3 general categories.
1. A More Flexible Schedule
You may have children and want to be able to spend more time with your family. In my case, my mother was ill and lived 4 hours away and I wanted to be able to care for her and spend time with her. Some may want to have more time for travel and doing the things you like to do. Regardless, having a business where you are in more control of your time is a very desirable perk.
2. Pursue A Passion
It’s easy to find ourselves just going through the motions when we are doing something that doesn’t interest us or feeds our need to do something meaningful. Many would-be entrepreneurs want to turn a passion of theirs into a business. They want to feel as if they are adding value and doing more than contributing to a corporate bottom line. Owning a business allows many to be creative and spread their wings. In the end, most of us want to do something that makes a difference and gives us a feeling of pride as we watch it grow from conception to a profitable business.
3. Long-Term Financial Freedom
We’ve all heard that you’ll never get rich working for someone else. Many people want to be able to create, build, and grow their own wealth as opposed to being dependent upon a paycheck. The current state of the economy reminds us that there are no guarantees. Today, there are many people who lost jobs and/or retirement nest eggs and they are turning to entrepreneurship as a means to start over and hopefully, lead them to future financial freedom.
What are your reasons for starting a new business? Why do you want to take that leap from employee to business owner? What do you hope to accomplish in your new venture? Make sure you really consider the answers to these questions and others before taking the plunge. You want to be sure you do it because it’s right for you and you are ready to do the work. Your reasons for starting your business should mean enough to you to serve as inspiration and motivation to keep you going and help you set goals that will lead you to success.
Tags: financial freedom, flexible schedule, Passion, Starting a business, Women entrepreneurs