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10 Reasons You Need to Start Your Business

by Shannon Okubor

June 24, 2020 3

Do you feel unchallenged and dissatisfied with work? Do you feel like you don’t fit into the 9-5 work schedule? Are you feeling frustrated with it all?  Maybe you have a disruptive idea you know in your heart can impact your society? Just like you, the million-dollar serial entrepreneur, Dan Lok had this to say;

“When I was a teenager, I used to work in a grocery store as a grocery bagger, getting paid minimum wage. I realized after a few weeks, that even if I worked harder, I wouldn’t get paid more. On top of that, my manager was always yelling at me to do more work, even though I was the fastest worker there. One day, I got frustrated with it all and decided to quit and pursue my dream of becoming an entrepreneur.”

If this looks like your story, perhaps it’s time to start your own business!

Today, Dan Lok is a millionaire entrepreneur, speaker, best-selling author, and one of the world’s leading experts in Internet marketing and is worth $50 million!

Starting your own business might rock the boat a little and get you out of the comfort of a stable income every month but there is no better time to start your own business than right now!

Nigeria is the largest economy in Africa and remains one of the fastest-growing economies in the world. Investors and entrepreneurs are scrambling to invest in Nigeria.

Nigeria is also populated with over 150 million people, making the market large enough to absorb any product. Scattered across Nigeria are problems that need to be solved. This spells opportunity for any entrepreneur. Starting your own business in Nigeria is one of the most profitable decisions you will ever make!

There are no right or wrong reasons to start your own business, but here are 10 inspiring reasons you NEED to start your own business today! Let’s dive in!

1.   You are Your Own Boss

According to a global survey presented by the academic International Entrepreneurship and Management Journal in 2008, being independent was one of the common reasons people start their own business. Being the boss of your own business means you make decisions on how best to operate your business daily. You decide when to work, how to work, and what to work on and ultimately you are the driver of the culture and brand of your business.

2.   You Can Balance Work and Personal Life

Most salary earners will complain of a similar struggle, and that is finding time to balance work at the office and personal life. One of the biggest benefits of starting your own business is that you have more flexibility. You can choose the hours you work and the hours you don’t. You can create time for your family and friends and have a more balanced and fulfilled life!

3.   You Choose the People You Work With

Owning a business means you choose the people you want to work with. You can hire whoever you want. You can choose to surround yourself with like-minded people who understand your vision and exclude negative people from your space. This is something you cannot do working at a job.

4.   You Can Grow and Challenge Yourself

Starting your own business means handling a massive amount of responsibility. But this is where the fun part is. You get to face, accept, and conquer challenges as you run your business. You get to learn something new every day, whether it’s about sales or management or innovation, there are enough opportunities to grow and develop yourself.

5.   You Can Follow Your Passion

Starting your own business is an opportunity to do something you are strongly passionate about. Most entrepreneurs who love what they do, see their work as fun because they are passionate about it. Are you passionate about something? You may have a special talent in writing or perhaps baking. Start your own business today and begin the pursuit of a more fulfilled life.

6.   You Can Earn more Income

Starting your own business gives you a higher chance of earning more income based on your efforts and successes. A successful business can bring you lots of money. The founder of Microsoft, Bill Gates is worth $81 billion. However, this is not the case when working at a job where you are given a salary structure.

7.   You Are an Employer of Labor

One major economic issue in Nigeria is that of unemployment. Starting your own business means you can employ labor, give people a means of livelihood, and ultimately address positively, the issue of unemployment in Nigeria. Noble right?

8.   You Can Improve Your Industry

One major driver of economies around the world is innovation, through new technology. Starting your own business allows you to be innovative and solve new problems in your industry and ultimately the economy. Who knows? Your business could be the solution to a lifelong problem in Nigeria.

9.   You Can Give back to Your Community

Starting your own business and being your own boss means you can give value to those in your community through whatever product or service you offer. You have the opportunity to give to charity, create jobs, and change your world for the better.

10.   You Can Mentor People

Starting your own business gives you an upper hand in your field. Having acquired all the knowledge, skills, and experience in your business, you can mentor people to become successful business owners as you are.

So yes, there you have it! You should start your own business right now! Not only are the opportunities vast, but the benefits are also tremendous! Check out our article on 50 business quotes to inspire you.This will help you get the right mindset to start and ignite your business today! Don’t be afraid to take that first step!

Have any questions? Leave them in the comments section below!