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7 Reasons Being an Entrepreneur and Working For Yourself Rocks!

7 Reasons Being an Entrepreneur and Working For Yourself Rocks!

Getting out of your 9-5 comfort zone can be a tad scary sometimes. But the long-term satisfaction is way better than anything that requires you working on someone else’s dream.

Why not be an entrepreneur and work towards your own dream? Here are seven reasons why becoming an entrepreneur might be the best decision you’ll ever make. After reading LifeHack.org, of course.

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1. Flexible hours

When you work for yourself, you are your own boss. You can decide when to start working, when to go to lunch and when to go to the bathroom. I mean, don’t you just hate it when you have to ask your boss for ten minutes longer at lunch because you’re stuck in traffic? Then your pay is cut because you missed ten minutes at the punch-in. That’s why being an entrepreneur is so wonderful; you are independent to choose when you want to work. You are the only one who truly knows when your brain is most functional, so if that time is from midnight to 6 a.m., it’s perfectly okay!

2. Money goes directly into your pocket

Regardless of whether your boss pays you by the hour or on commission, he or she will always make more money than you. Period. I’m not saying that in a hateful way towards your boss, mainly because that’s why he or she is the boss! But, you can change the money process by becoming your own captain, so to speak. For example, if you work on commission at a jewelry store, selling a pair of earrings will only make you 10% of the price you sell it for, while your boss makes the rest. If you have your own store and sell your own jewelry, then guess what? You just bumped your paycheck up by at least 50%, and can now afford that new toy you never really had the freedom to buy. It doesn’t matter what your business is, everything you sell will directly go into your pocket when you become an entrepreneur.

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3. You develop self-discipline

Ah, discipline! There are two types of discipline: the one you get from your parents and the one you get at school or in the military. When you have a business though, the discipline you build is a combination of both what your parents gave you when you were younger and the discipline the military gives to its soldiers. It’s a discipline that will follow you for the rest of your life! You will learn to manage your time wisely and say “no” to distractions like the TV or the newest Vine that came out. It’s a discipline that you inflict on yourself because you want to, so it’s easier for to stick to it. This type of discipline isn’t punished physically, which is why it’s so powerful; it’s punished financially and mentally. If you are not disciplined when you work for yourself, it’s very easy to slide into the comfort zone and forget about responsibilities. In turn, this will decrease your motivation level and money supply as you stop completing your to-do list. That’s the worst punishment of all. When you are punished once though, you learn the real value of discipline and do everything you can to not be punished again.

4. You feel accomplished

You have your own business, make enough money to support your family (or are working towards that goal) and have time to enjoy yourself. You go to bed knowing that you did everything you could do that day to get you closer to your dream, and that’s what accomplishment looks like! You give 110% for every project you create for your clients, because you know that their satisfaction is what’s going to keep your business alive. You can look back at the progress you’ve made over the last few weeks, months, or years and smile. How can you not be proud of all the projects you’ve finished, all the money you made, all the days you woke up at 4 a.m., and all the times you failed and started again?

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5. You work on your own dream

If you don't build your dream someone will hire you to help build theirs

    Enough said.

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    6. Free to make your own rules

    Ever walked into a new office only to find an empty desk and a paper containing all the office rules you have to follow in order to keep your job? Ever sighed and rolled your eyes at some of those rules? Well, good news! There will be no more eye rolling when you work for yourself, because you make your own rules. You get to decide whether or not you’re allowed to drink coffee after noon or if you can wear jeans on days that do not begin with F. You are your own boss, you decide how much time you have to eat lunch or if you can leave your office to go for a quick run or not. Your rules can be funky, like making a client laugh at least once a day. The power is in your hands. Use it wisely.

    7. You’re taught lessons that school or work can’t teach you

    I don’t have anything against school or jobs, but it’s not okay that they don’t teach us how to be independent in the real world. From day one in Kindergarten, we are taught to depend on someone else in order to make decisions. You are taught to ask permission for everything you do and when the time comes to face the real world, you are paralyzed because you don’t know what to do! You don’t know how to deal with mean customers or how to speak the client’s lingo. When you’re an entrepreneur, you learn all those things through trial and error. You learn to be intuitive and to think fast for solutions without dwelling on the problem. You learn to manage your finances, your personality and your clients in a way that school or work can never teach you. Anthony Robbins once lost a big client because his nails were eaten to the skin, and the woman didn’t want to deal with someone who can’t keep themselves from eating their nails. He lost big money there, which is how he learned to calm himself down and always have clean nails. It’s a small thing, but fingers are the first thing that someone looks at when you put them on the table. It’s a small lesson, but he was most definitely not taught that in school!

    So, tell me, how excited are you to become your own boss?

    Featured photo credit: z0pmcwrN.jpg/Seemann via mrg.bz

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    Sarah Anton

    Editor and founder of The Fitrepreneur, aspires to improve people's living style.

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    Last Updated on March 25, 2020

    How to Set Ambitious Career Goals (With Examples)

    How to Set Ambitious Career Goals (With Examples)

    Taking your work to the next level means setting and keeping career goals. A career goal is a targeted objective that explains what you want your ultimate profession to be.

    Defining career goals is a critical step to achieving success. You need to know where you’re going in order to get there. Knowing what your career goals are isn’t just important for you–it’s important for potential employers too. The relationship between an employer and an employee works best when your goals for the future and their goals align. Saying, “Oh, I don’t know. I’ll do anything,” makes you seem indecisive, and opens you up to taking on ill-fitting tasks that won’t lead you to your dream life.

    Career goal templates’ one-size-fits-all approach won’t consider your unique goals and experiences. They won’t help you stand out, and they may not reflect your full potential.

    In this article, I’ll help you to define your career goals with SMART goal framework, and will provide you with a list of examples goals for work and career.

    How to Define Your Career Goal with SMART

    Instead of relying on a generalized framework to explain your vision, use a tried-and-true goal-setting model. SMART is an acronym for “Specific, Measurable, Action-oriented, Realistic with Timelines.”[1] The SMART framework demystifies goals by breaking them into smaller steps.

    Helpful hints when setting SMART career goals:

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    • Start with short-term goals first. Work on your short-term goals, and then progress the long-term interests.[2] Short-term goals are those things which take 1-3 years to complete. Long-term goals take 3-5 years to do. As you succeed in your short-term goals, that success should feed into accomplishing your long-term goals.
    • Be specific, but don’t overdo it. You need to define your career goals, but if you make them too specific, then they become unattainable. Instead of saying, “I want to be the next CEO of Apple, where I’ll create a billion-dollar product,” try something like, “My goal is to be the CEO of a successful company.”
    • Get clear on how you’re going to reach your goals. You should be able to explain the actions you’ll take to advance your career. If you can’t explain the steps, then you need to break your goal down into more manageable chunks.
    • Don’t be self-centered. Your work should not only help you advance, but it should also support the goals of your employer. If your goals differ too much, then it might be a sign that the job you’ve taken isn’t a good fit.

    If you want to learn more about setting SMART Goals, watch the video below to learn how you can set SMART career goals.

    After you’re clear on how to set SMART goals, you can use this framework to tackle other aspects of your work. For instance, you might set SMART goals to improve your performance review, look for a new job, or shift your focus to a different career.

    We’ll cover examples of ways to use SMART goals to meet short-term career goals in the next section.

    Why You Need an Individual Development Plan

    Setting goals is one part of the larger formula for success. You may know what you want to do, but you also have to figure out what skills you have, what you lack, and where your greatest strengths and weaknesses are.

    One of the best ways to understand your capabilities is by using the Science Careers Individual Development Plan skills assessment. It’s free, and all you need to do is register an account and take a few assessments.

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    These assessments will help you determine if your career goals are realistic. You’ll come away with a better understanding of your unique talents and skill-sets. You may decide to change some of your career goals or alter your timeline based on what you learn.

    40 Examples of Goals for Work & Career

    All this talk of goal-setting and self-assessment may sound great in theory, but perhaps you need some inspiration to figure out what your goals should be.

    For Changing a Job

    1. Attend more networking events and make new contacts.
    2. Achieve a promotion to __________ position.
    3. Get a raise.
    4. Plan and take a vacation this year.
    5. Agree to take on new responsibilities.
    6. Develop meaningful relationships with your coworkers and clients.
    7. Ask for feedback on a regular basis.
    8. Learn how to say, “No,” when you are asked to take on too much.
    9. Delegate tasks that you no longer need to be responsible for.
    10. Strive to be in a leadership role in __ number of years.

    For Switching Career Path

    1. Pick up and learn a new skill.
    2. Find a mentor.
    3. Become a volunteer in the field that interests you.
    4. Commit to getting training or going back to school.
    5. Read the most recent books related to your field.
    6. Decide whether you are happy with your work-life balance and make changes if necessary. [3]
    7. Plan what steps you need to take to change careers.[4]
    8. Compile a list of people who could be character references or submit recommendations.
    9. Commit to making __ number of new contacts in the field this year.
    10. Create a financial plan.

    For Getting a Promotion

    1. Reduce business expenses by a certain percentage.
    2. Stop micromanaging your team members.
    3. Become a mentor.
    4. Brainstorm ways that you could improve your productivity and efficiency at work
    5. Seek a new training opportunity to address a weakness.[5]
    6. Find a way to organize your work space.[6]
    7. Seek feedback from a boss or trusted coworker every week/ month/ quarter.
    8. Become a better communicator.
    9. Find new ways to be a team player.
    10. Learn how to reduce work hours without compromising productivity.

    For Acing a Job Interview

    1. Identify personal boundaries at work and know what you should do to make your day more productive and manageable.
    2. Identify steps to create a professional image for yourself.
    3. Go after the career of your dreams to find work that does not feel like a job.
    4. Look for a place to pursue your interest and apply your knowledge and skills.
    5. Find a new way to collaborate with experts in your field.
    6. Identify opportunities to observe others working in the career you want.
    7. Become more creative and break out of your comfort zone.
    8. Ask to be trained more relevant skills for your work.
    9. Ask for opportunities to explore the field and widen your horizon
    10. Set your eye on a specific award at work and go for it.

    Career Goal Setting FAQs

    I’m sure you still have some questions about setting your own career goals, so here I’m listing out the most commonly asked questions about career goals.

    1. What if I’m not sure what I want my career to be?

    If you’re uncertain, be honest about it. Let the employer know as much as you know about what you want to do. Express your willingness to use your strengths to contribute to the company. When you take this approach, back up your claim with some examples.

    If you’re not even sure where to begin with your career, check out this guide:

    How to Find Your Ideal Career Path Without Wasting Time on Jobs Not Suitable for You

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    2. Is it okay to lie about my career goals?

    Lying to potential employers is bound to end in disaster. In the interview, a lie can make you look foolish because you won’t know how to answer follow up questions.

    Even if you think your career goal may not precisely align with the employer’s expectations for a long-term hire, be open and honest. There’s probably more common ground than they realize, and it’s up to you to bridge any gaps in expectations.

    Being honest and explaining these connections shows your employer that you’ve put a lot of thought into this application. You aren’t just telling them what they want to hear.

    3. Is it better to have an ambitious goal, or should I play it safe?

    You should have a goal that challenges you, but SMART goals are always reasonable. If you put forth a goal that is way beyond your capabilities, you will seem naive. Making your goals too easy shows a lack of motivation.

    Employers want new hires who are able to self-reflect and are willing to take on challenges.

    4. Can I have several career goals?

    It’s best to have one clearly-defined career goal and stick with it. (Of course, you can still have goals in other areas of your life.) Having a single career goal shows that you’re capable of focusing, and it shows that you like to accomplish what you set out to do.

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    On the other hand, you might have multiple related career goals. This could mean that you have short-term goals that dovetail into your ultimate long-term career goal. You might also have several smaller goals that feed into a single purpose.

    For example, if you want to become a lawyer, you might become a paralegal and attend law school at the same time. If you want to be a school administrator, you might have initial goals of being a classroom teacher and studying education policy. In both cases, these temporary jobs and the extra education help you reach your ultimate goal.

    Summary

    You’ll have to devote some time to setting career goals, but you’ll be so much more successful with some direction. Remember to:

    • Set SMART goals. SMART goals are Specific, Measurable, Action-oriented, and Realistic with Timelines. When you set goals with these things in mind, you are likely to achieve the outcomes you want.
    • Have short-term and long-term goals. Short-term career goals can be completed in 1-3 years, while long-term goals will take 3-5 years to finish. Your short-term goals should set you up to accomplish your long-term goals.
    • Assess your capabilities by coming up with an Individual Development Plan. Knowing how to set goals won’t help you if you don’t know yourself. Understand what your strengths and weaknesses are by taking some self-assessments.
    • Choose goals that are appropriate to your ultimate aims. Your career goals should be relevant to one another. If they aren’t, then you may need to narrow your focus. Your goals should match the type of job that you want and the quality of life that you want to lead.
    • Be clear about your goals with potential employers. Always be honest with potential employers about what you want to do with your life. If your goals differ from the company’s objectives, find a way bridge the gap between what you want for yourself and what your employer expects.

    By doing goal-setting work now, you’ll be able to make conscious choices on your career path. You can always adjust your plan if things change for you, but the key is to give yourself a road map for success.

    More Tips About Setting Work Goals

    Featured photo credit: Tyler Franta via unsplash.com

    Reference

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