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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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    Last Updated on December 10, 2019

    7 Strategies to Keep Employee Motivation High

    7 Strategies to Keep Employee Motivation High

    Highly motivated employees are essential to the success of any business. Most people spend a third of their lives at work.[1] That’s a significant amount of time away from home, apart from the people who make us happy and the things we love to do. So keeping employee motivation high is essential for creating an office environment that gets the best out of our people.

    But do you know what motivates your people?

    It’s simple:

    • Is their work stimulating?
    • Does it challenge them?
    • Is there room to grow, a promotion perhaps?
    • Do you encourage creativity?
    • Can they speak openly and honestly with you?
    • Do you praise them?
    • Do you trust your staff to take ownership of their work?
    • Do they feel safe in their work environment?
    • And more importantly, do you pay them properly?

    Every one of these factors contributes to the general happiness of your employees. It’s what motivates them to come into the office each day and work hard, hit goals, and get results.

    In contrast, an unmotivated employee is typically unhappy. They take more sick days, they’re not invested in seeing your business succeed, and they’re always on the lookout for something better.

    Stats show that 81 percent of employees would consider leaving their jobs today if the right opportunity presented itself.[2] So it’s up to you to set aside time and energy to create a work environment that benefits every one of your employees.

    These seven strategies will help you motivate your people to consistently deliver quality work and, more importantly, to stick around for the long term.

    1. Be Someone They Can Rely On

    You rely on your people to turn up to work each day, to come to you when they have a problem they can’t solve, to be honest, and to always engage professionally with customers.

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    But this is not a one-way street. You, too, need to be someone your team can rely on. They trust you to have their backs when a client is unreasonable, to know that the decisions they make are in your best interest, and to make good on your promises.

    If you say you’ll attend an important meeting, be there. If your company makes a profit and you’ve said you’ll pay a bonus, pay it. The goodwill of your people is something you never want to test, let alone lose.

    Be reliable; it’s astounding how much this motivates your people.

    2. Create an Awesome Company Culture

    There’s no denying that company culture trickles down from the top. Your leadership and attitude massively influences the attitudes, work ethic, and happiness of your staff. If you’re always stressed-out, overly demanding, and unreasonable, it’ll create tension in your office which will adversely affect your employees’ motivation levels.

    In fact, the HAYS “US What People Want Survey” found that 47 percent of staff who are actively looking for a new job, pinpoint company culture as the driving force behind their reason to leave.

    So if you have high staff turnover, you need to determine whether your company culture might be the motivating factor behind your churn rate.

    Here are four ways to build a culture that keeps your employees highly motivated.

    • Be conscious of the image you present. Your body language and attitude can positively or negatively impact your employees. So come to work energized. Be optimistic, friendly, and engaging—this enthusiasm will spill over to your people and motivate them to be more productive and efficient.
    • Appreciate your people and be reasonable. Celebrate your team’s achievements. If they’re doing a good job, tell them. Encourage them to challenge themselves and try new things. And reward when deserved. If they’re struggling, help them. Work together to find solutions and be a sounding board for their ideas.
    • Be flexible. Give your people opportunities to work remotely—this is highly motivating to staff, particularly millennials. They don’t want to be battling traffic each day on their way to work. They don’t want to miss their kids’ baseball games or ballet rehearsals. Stats show that companies that offer flextime and the ability to work from home or a coffee shop have happier and more productive employees.
    • Create employee-friendly work environments. These are spaces that inspire and ignite the imagination. Have you ever been to Google’s offices? No headquarter is the same. From indoor slides and food trucks, to hammocks, and funky work pods on the wall, gaming rooms, and tranquil interior gardens, there’s something for everyone. It’s a space where people want to be, catering to their need for creativity, quiet, or team building; you name it.

    So take a look at your company culture and ask yourself, Is my business an attractive workplace for talented professionals? Does it inspire commitment and motivate my people? What could I do to improve my company culture?

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    3. Touch Base with Your Team Weekly

    Make time for your people, whether you run a remote business or work in an office, set aside time each week to talk to your people one-on-one. It’s non-negotiable.

    When there’s an open line of communication between staff members, work gets done. Don’t believe me? A study by Gallup found that 26 percent of employees said feedback from their leaders helps them to do a better job.[3]

    Your people want to feel trusted. They want to take ownership of their work, but they also need to know that when they have a question, they can reach out and get answers. If you’re unwilling to make yourself available, your team will quickly become unmotivated, work will stagnate, and your business will stop growing.

    So block off time on your calendar each week to touch base with your people, even if only to let them know that what they’re working on matters.

    4. Give Them the Tools They Need to Do Their Jobs Well

    Imagine trying to run your business without electricity. How would you contact your clients? What would happen when your phone or computer battery died?

    Technology is super critical to the success of your businesses. It allows you to work more efficiently, to be more productive, and to handle matters on-the-go. That’s why you need to give your people tools that will make their jobs easier.

    Make sure their equipment is in good working condition. There’s nothing more frustrating than a laptop that takes ages to boot up. It’s got to go. Replace outdated software with new software. Don’t make your designer work in Coreldraw; give them access to the most up-to-date version of Adobe Creative Suite. Take it a step further and buy them a subscription to Shutterstock or Getty Images.

    Make working for you a pleasure, not a pain; and watch your employees’ motivation levels rise.

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    5. Provide Opportunities to Learn and Upskill

    Would you believe me if I told you that 33 percent of people cite boredom and a need for new challenges as the top reason for leaving their job?[4] If you want to retain your talent, you need to upskill.

    Thanks to technology, we live in a rapidly evolving world that demands we change with it. A copywriter is no longer just a writer; they now need to be experts in SEO, Google Adwords, CRMs, and so much more.

    A pastry chef needs to be a food stylist, photographer, and social media manager. An entrepreneur needs to be a marketer—or at least take ownership of the marketing message for their business—if they hope to scale.

    Technology makes all of this possible. No matter your location, your people can continuously expand their knowledge and gain new skill sets—something that’s highly motivating to employees. They want to know that there are opportunities to grow and develop themselves.

    If you won’t invest in your people, then your business becomes just another job to tide them over until they find where they truly belong. So be the company that sees value in developing its people.

    6. Monitor Their Workload

    Overworked employees tend to be unproductive and unhappy. Your people cannot be at full capacity every day, month to month. Something’s got to give. They’ll become deflated and their work will eventually suffer, which will negatively impact your business.

    What I like to do is implement a traffic light system. It helps me to keep a finger on the pulse of my business. So there’s red, yellow, and green:

    • Red means they’re fully loaded.
    • Yellow means they’re busy, but they can potentially take on more.
    • Green means they haven’t got enough to do.

    I use this traffic light system because I don’t want my team members to be stressed out of their brains all the time. If they are, they won’t make good decisions and they won’t do good work.

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    If my people are regularly overloaded, I have things to think about. Perhaps I need to hire a new person to help ease the load or take a closer look at what projects are good to go, and which can take a back seat.

    And this is why #3 is essential. If I’m regularly engaging with my people, I’ll know that while they’re coping with their workload, it is impacting their performance and health, and I’ll take action.

    7. Don’t Mess Around with Your Employees’ Pay

    Never mess around with your people’s salary. As a business owner or high-level manager, it’s easy to forget that most people live from paycheck to paycheck. Delayed compensation can mean a missed bill payment, which could result in costly penalties they can’t afford or hits to their credit score.

    So it’s your job to ensure that you pay your people on time.

    The Bottom Line

    A motivated team is an asset to any business. These people never give up. They get excited about coming to work each day and can’t wait to test a new theory or tackle a particularly tricky challenge. They’re proud of the work they do. And more importantly, they have no reason to leave.

    Wouldn’t you rather be part of their success story than the business that drove them away?

    More to Motivate Your Team

    Featured photo credit: Emma Dau via unsplash.com

    Reference

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