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15 Reasons Why You Should Quit Your Job and Be Your Own Boss

15 Reasons Why You Should Quit Your Job and Be Your Own Boss

The world can be a monotonous place, especially if you are stuck at a 9-to-5 desk job. I have lived the daily grind and hated it, and decided it was time to go back to the thing I love most: being my own boss. In this interconnected world, it is easier than ever to make a living doing what you love. Be forewarned: being self-employed is hard work, but it is worth every sleep-deprived moment. From my personal experience as an entrepreneur, these are the reasons why you should quit your job and be your own boss.

1. You will never have a boss again

If you are stuck in the cycle of bills, bills, and more bills, quitting a steady income job is absolutely terrifying. What if you can’t pay your car bill, or your cellphone? What if you can’t have cable TV anymore? Are you prepared to give up Starbucks and drink instant coffee every morning? Could you eat a PBJ for breakfast and lunch and dinner?

Being your own boss is worth every single risk. “Great deeds are usually wrought at great risks”; even a guy named Herodotus from over 2,000 years ago knew that nothing great can be achieved without significant risk. If you leave your desk job, trust me, you won’t actually die. You might have to shack up with your parents, or forgo Netflix for a few months, but believe me, there are way worse things in life, like working for a boss who has a lower IQ than Johnny Knoxville.

2.  Say Bye-bye to monotony

Once you are free of the 9-5 grind, the world becomes alot less boring. Now you can march to the beat of your own drum and do whatever it is that you want to do.

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3. Your earning potential is limitless

Do you make badass dresses for little girls? Post that picture on Etsy, do a little social-media marketing, and your passion can turn into an empire like KPea Original. This independent clothing company started as a home-based business and has boomed into one of the largest completely American handmade clothing companies, employing over 100 people in the small town of Elmore, Ohio. I’m sure in the beginning no one thought a woman with a sewing machine and a dream would turn into a 100,000+ fan Facebook page and a cult following.

If you put in the work, you will see the reward. If you have a skill, or make something that people want, post it, share it, publicize it. Somewhere, someone on the inter-webs needs it, all you need to do is let the world know that you exist.

4. You get to travel more

This is probably the best perk of being self-employed—you have a legitimate excuse to travel. In my business, I go to trade shows throughout the Midwest. I frequently travel to meet clients. I visit vendors. If you enjoy seeing new places and meeting new people, being your own boss creates a plethora of opportunities for road trips. If it weren’t for my business I would have never discovered the hipster mecca of Ferndale, Michigan, nor would I have experienced the wonder of Cahokia in St Louis.

5. Realize your self-worth

Once you have worked for yourself, you begin to understand your own self-worth. Seeing the rewards from all those hours of hard work begins to sink in—you have built something, you have achieved something, you are worth something. Often times at a 9-to-5 job, you go under-appreciated and your efforts unnoticed. When you can directly experience the reward of your efforts you have a feeling of self-fulfillment and realization that can never be fully felt when you are working for someone else.

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6. You call the shots

No more of those awkward moments where you are trying to skirt around your boss to avoid a tongue lashing. Now, you call the shots. Now, you can do the tongue lashing if you so chose.

7. You have more free time

At first, working for yourself involves putting in a schload of time. I’m talking 15 hours days. But then, once you learn what efficiency and effectiveness and delegation are, you suddenly have this chunk of free time that didn’t exist before. You can go to the gym at 2 p.m., or get breakfast with Grandma on a Monday at 9 a.m. Remember, you call the shots, and now you call your free time.

8.  Make your own schedule

As your own boss you not only get to live a less monotonous life, but you get to make your own schedule, too! Why not make those Monday mornings with Grandma a weekly affair? Now that you control your destiny, you can make your schedule as you well please.

9. Do what you love

If you’ve played your cards right, you are now doing something that you absolutely love. Even on those days where you do have to work 15 hours, it doesn’t feel like it. You get to wake up every morning and pursue your passion.

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10. You will meet interesting people

Often we get stuck in the yokel funk—we see the same people everyday for years.This is especially so if you live in a rural area. But now, you get to travel, you make your own schedule, and you meet people that you probably didn’t even know existed.

11. You will step out of your comfort zone

With being an solopreneur comes uncomfortable situations. You may have to do things you really don’t want to do, or things that you have never done. Like giving speeches, teaching a seminar, going to meetings. But, these awkward situations will help you to grow and develop into a better person and business owner.

12. You can write off expenses

And now you also get paid to drive your own car. And you can write off your home office space. The beauty of being self-employed is now all those spaces and things that you use for your business are considered business expenses and you can write them off of your taxes.

13. You will earn street cred

You are at your 10-year reunion. Guess what? All those jocks that wouldn’t look your way suddenly have heard of your entrepreneurial exploits and are quite interested. Thankfully you have been also participating in CrossFit while those jocks now have voluptuous beer bellies. But hey, that guy from AP Chem class now looks like Ryan Gosling’s younger brother? And guess what, he has heard of your business and wants to get drinks.

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14. You will become a (local) celebrity!

Not everyone likes fame. BUT we all do like a little pat on the back for a job well done. Now that you are your own boss you are well-known around your hometown and have made your family proud.

15. You can give back

Best of all you can now afford to give back. You can help your parents pay their mortgage. You can donate funds to the local tee-ball team. You can support the local food pantry. It’s a great feeling to be able to give back to the community and to pay it forward. Because you never know who may be looking up to you.

Featured photo credit: Andrey Belenko via flickr.com

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Last Updated on May 15, 2019

10 Most Successful Entrepreneurs and What We Can Learn from Them

10 Most Successful Entrepreneurs and What We Can Learn from Them

Apart from making crucial decisions for their own businesses, entrepreneurs innovate and grow their ideas. Albeit there being no cookie-cutter answer that fits everyone’s experiences, taking a look at some of the most successful entrepreneurs today, you might spot some similar traits and characteristics.

Starting and nurturing a business entails a great amount of hard work and commitment. However, for aspiring entrepreneurs who are prepared to dedicate themselves to their vision, here are 10 most successful entrepreneurs you can learn from:

1. Melanie Perkins: Know Your Worth and Keep Trying

    Melanie Perkins founded Canva, a Sydney-based business valued at $1Billion having successfully raised a number of rounds of successful funding and boasting more than 10 Million users in 179 countries.[1]

    She told BBC that one of the biggest challenges she faced getting into the business was talking about her company’s accomplishments when she first got to Silicon Valley. She attributed this difficulty to a cultural difference where Australians tend to ‘talk down’ their achievements and this would slow down her fundraising progress for a few years.

    Despite hundreds of rejections, Melanie emerged three years later with a much clearer strategy and stronger investor pitch that prompted a series of fundraising rounds netting the company $82Million of funding in total.[2]

    2. Bill Gates: Keep Learning and Exploring

      If you don’t know Bill Gates, you likely know the company he founded – Microsoft.

      Bill Gates’ story is a prime example of nurturing an idea that might seem out of this world but make sense in the future. One of the most successful entrepreneurs in history did not complete his degree at Harvard University to pursue a vision that the technology would soon become the future.

      He told a white lie to Altair, saying that he had made a computer program for them, therefore pushing himself to create a system that would change modern history.

      “The most important speed issue is convincing everyone that the company’s survival depends on moving as fast as possible.”

      Gates’ success is built on self-improvement and the seeds of an idea.

      3. Elon Musk: Never Stop Innovating

        Traditional thinking suggests that in order to become a successful entrepreneur, one must focus in a single field or industry.

        Elon Musk, however, breaks that rule.

        Today, the multifaceted tech entrepreneur, investor, and engineer advocates for the diversification of skills and businesses by delving into various fields of interest.

        When done right, skills in a single domain can be carried over then applied into contrasting industries to create something new the world might need. Musk owes his accomplishments to a constant thirst for knowledge.

        Having birthed Tesla and a myriad of products across the arenas of aeronautics and software design, Musk continues to evolve as an entrepreneur and plans to innovate for the long haul.

        4. Richard Branson: Develop People First

          British entrepreneur Richard Branson founded Virgin Records in the early 1970s. Virgin Records has since grown into the Virgin Group, today responsible for over 400 companies.

          The billionaire is strongly particular about working with a team that shares his core values and aspirations.

          Branson believes that managing a business can become taxing, thus he acknowledges his employees for putting in the effort that they have.

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          A good leader knows how to raise morale for positive productivity. Utilising emotional intelligence and compassion is a game changer in seeing results within a team.

          Branson’s supports the idea of nurturing a positive work environment, with the belief that credentials must go hand-in-hand with an enthusiasm for work.

          5. Jeff Bezos: A Relentless Focus on Customer Satisfaction

            Having founded Amazon, Jeff Bezos is known to be one of America’s most successful entrepreneurs. The e-commerce pioneer fixates himself on angry customers with the belief that a business’s loopholes are found in the experiences of unsatisfied customers.

            For the 8th year in a row, customers have ranked Amazon as the number one in customer service (according to the American Customer Satisfaction Index).

            While numerous companies ignore unhappy customers, Bezos found success in learning from reviews and surveys. By focusing on customer service, Amazon shows they care, both for their customers and for rising above their competitors.

            While praise and recognition are signs that a business is accelerating, criticism is an opportunity to improve a product or a service.

            6. Mark Zuckerberg: Start Small, Think Big

              Valued at over 55 billion dollars today, Mark Zuckerberg built the first version of what would become a social networking giant in his Harvard University dorm room. As one of the world’s youngest entrepreneurs, Zuckerberg undoubtedly took countless calculated risks to get his brilliant idea to its current status with 2.38 billion active monthly users.

              “The biggest risk is not taking any risk.”

              He’s always daring to explore with a fearless mindset.

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              The young tech entrepreneur never shied away from innovating outside of the box. Soon after Facebook became a hit to users and advertisers, big corporations took interest in buying Facebook from Zuckerberg.

              However, he took the risk and decided to stay with his creation. Turning down billions of dollars offered by Yahoo CEO, Terry Semel, he envisioned turning his brainchild into something much bigger than what it already was then.

              7. Steve Jobs: Live Your Own Dreams

                Steve Jobs lived a rocky path all his life and an aspect of which is a tumultuous career.

                The founder of Apple endorsed his beliefs on the temporality of life and limitations of time. He preached about the importance of working on the very legacies people wish to leave behind, an achievement he’s undoubtedly etched into the the archives of human history.

                Never one to hide under someone’s shadow, Jobs did not live by anybody else’s principles so he formed his own. He tirelessly dedicated himself to building a unique brand of products that became the benchmark for contemporary technology.

                After his highs and lows through his brief battle with cancer, Jobs concludes with yet another lesson to takeaway from his remarkable life. “No matter how much money you have, even the richest man can’t buy time.”

                8. Warren Buffett: Balance is Essential to Success

                  Despite being the third wealthiest person in the world, Warrant Buffett sported a frugal lifestyle for most of his life.

                  After buying a house in Omaha, Nebraska for just above 31,000 dollars, he has lived there since 1958. As a leading investor and a founder at Berkshire Hathaway, Buffett believes in setting aside an amount to save and spend only on necessities.

                  With a long term goal as a top priority in mind always, treating oneself can be sustainable once in a while. He advices to save money by deciding first and foremost what aspects to scrimp on and what aspects to splurge on to ensure a happy and balanced lifestyle.

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                  9. Jack Ma: Never Give up

                    On every journey to success, everybody stumbles and arrives at roadblocks. Some more than most, like Jack Ma, who survived countless rejections and failures only to get back up and brave every storm.

                    Ma is the founder of multinational technology conglomerate Alibaba Group. Despite being rejected to Harvard after every one of his 10 applications, Ma was never defeated.

                    His grit and tenacity is a fine testament to the fact that grades do not determine a future. While qualifications on paper are important, the development of skills and an attitude is just as helpful in making a recipe for success.

                    Despite finding himself in the verge of bankruptcy in the 1990s, Jack Ma possessed the resilience to put one foot in front of the other until he finally made it. “It’s important to have patience,” he says.

                    10. Tan Min Liang: Passion Can Pay Off

                      Tan Min Liang is the founder of the leading high-performance gaming hardware, Razer. Always on the look out for new opportunities to connect and scale his business, Tan has been bold in making many of his life’s decisions.

                      Having deviated from a traditional path set by a family that consists of doctors and lawyers, Tan was to find his life’s work and passion while gaming with his older brother.

                      The idea was simple: there were so many games out there to play, however, there were hardly any gaming equipment to match this.

                      So he dropped out of law and began going a different direction, into creating solutions in the gaming industry. At the start of 2019, Tan wrote to tech luminary Elon Musk to which Musk’s reply suggested of a joint venture between two of the most successful entrepreneurs today.

                      Final Thoughts

                      In today’s cutthroat world, the road to becoming a successful entrepreneur is a long and arduous process trailed with ups and downs. A valuable lesson that a good hand of entrepreneurs would love to convey to aspiring entrepreneurs is to keep the spirit of innovation and to explore uncharted waters.

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                      Learning from experience and failure is one direction to a desired end goal. Exhibiting the same dedication and grit so many entrepreneurs have through their unexpected careers – today’s budding visionaries ought to hang on their dreams and leave room for improvement along the way.

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                      Featured photo credit: Patrick Tomasso via unsplash.com

                      Reference

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