Advertising
Advertising

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.

Advertising

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.

Advertising

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?

Advertising

5. You work on your own dream

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

    Enough said.

    Advertising

    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

    More by this author

    Sarah Anton

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

    20 All-Time Best Entrepreneur Books to Make Your Business Successful This Is Why The Rich Look Poor 20 Amazing Novels You Should Read Before You Watch The Movies Based on Them 7 Effective Ways to Get Amazing Sleep 40 Healthy And Really Delicious Meals You Can Make Under $5

    Trending in Work

    1 11 Hard Skills That Will Land You More Career Opportunities 2 How to Become an Entrepreneur (Advice from a Serial Entrepreneur) 3 The Lifehack Show Episode 7: Following Your Calling 4 Is People Management the Right Career Path for You? 5 10 Ways to Build Positive And Effective Work Relationships

    Read Next

    Advertising
    Advertising
    Advertising

    Last Updated on September 18, 2019

    11 Hard Skills That Will Land You More Career Opportunities

    11 Hard Skills That Will Land You More Career Opportunities

    Are you looking to move up the career ladder? Or maybe you’re tired of having a “job” and want to start looking for a more permanent career?

    Whatever your motivation, you are going to have to learn some new and different hard skills to broaden your opportunities. After all, there’s a very famous quote that says:

    “The definition of insanity is doing the same thing over and over again, but expecting different results.” – Albert Einstein

    While the insanity part doesn’t really fit here, the overall message is a good one. If you are looking for a different result (career advancement, more money or even a career instead of a job), it’s up to you to make it happen. This is both the good news and bad news!

    The good news is that because it’s up to you, you have complete control over it happening. The bad news is that change is hard. Humans are creatures of habit, that’s why we develop routines, and anything that disrupts that routine causes us anxiety. And we will do almost anything to get rid of that anxiety. The overweight person will calm their anxiety by eating that doughnut, the smoker will light up a cigarette to avoid anxiety.

    What we want to do with this article is to give you the hard skills you’ll need to reduce that anxiety so you can move up that corporate ladder, make more money or have career instead of just a “job.”

    The following hard skills are essential to learn if you want to advance your career. They may not be easy to take up, but definitely worth your effort of learning:

    1. Cloud Computing

    “Simply put, cloud computing is the delivery of computing services—servers, storage, databases, networking, software, analytics, intelligence and more—over the Internet “the cloud” to offer faster innovation, flexible resources, and economies of scale. You typically pay only for cloud services you use, helping lower your operating costs, run your infrastructure more efficiently, and scale as your business needs change.” Microsoft[1]

    There are many different jobs available in the cloud computing world today. They range from architects and developers to data scientists, security pros. Each job is its own specialty and requires a high level of specification for advancement.

    This is definitely a hard skill that requires education. But if the tech world and computers are your thing you can make cloud computing a lucrative career.

    Advertising

    2. Data Mining and Statistical Analysis

    Again, these are highly specialized fields. Data mining is defined as using large sets of data to look for anomalies and other patterns that can be used to predict future behavior.

    Amazon is probably the best known company to use data mining. Have you ever noticed that when you buy something at Amazon, you’ll see a little ad at the bottom that says “customers who bought this also bought…”and it lists 2-3 other items? All of that information comes from data mining, by examining the millions of sales amazon makes they can predict that if you buy item #1 there is a high likelihood that you will buy one of the other items too. T

    his not only increases sales for Amazon, but it also serves as a reminder for you that you may need these additional items for your project. This is very valuable information and has a wide range of uses. Although it has a bad reputation and evil sounding name, it is a very useful tool for maximizing productivity and sales.

    3. Data Management

    All companies today deal with a ton of data! Being able to manage that data in an efficient manor is not only highly prized, but a necessity.

    We all have these things on our desks called computers. Unless there is a need for a paper copy, almost all of our data is computerized. Meaning that, in theory it is all at our fingertips. Being able to organize that data so that it’s easily and quickly retrievable is why computers are replacing filing cabinets!

    However, just like the old fashion filing cabinet, data management on a computer is only good if it’s well organized. You want to make sure that you are keeping your data well organized so that it’s easy to find when needed. This is a skill that comes easily to some people (are you a person that makes lists? Good!) but with others it will be a skill that needs to be practices. Make sure that this is a discipline you master.

    4. Scheduling

    Being able to make and keep to a schedule is a very useful tool in both business and life. Effective scheduling means that you can prioritize projects, understand the tools needed to get the job done on time and that you are organized enough to lead people.

    An important point here is to write things down! Whether it’s in an old fashion daily or weekly organizer or in a PDA. Have a copy of your schedule available at your fingertips at all times.

    5. Financial Skills

    These are especially important when looking for that promotion. The higher up the ladder you go, the more you’ll have to deal with things like accounting, budgeting, financial planning and cash flow management.

    While you may not need to be an expert at all of these, you should have a good grasp of all of them. This is where taking a few night classes at your local community college is a good idea. You don’t need to become an expert, but brushing up on these skills will help you tremendously.

    Advertising

    6. Research Skills

    These are important in all aspects of life, but especially in your work-life.

    Are you looking for that first job out of school? Nothing impresses a boss or hiring manager more than someone who has researched the company. Trust me, they deal with people walking in off the street everyday looking for a job, but managers and owners need to see the value in hiring (or promoting) you.

    So do your research and have some company specific questions ready to ask. Show that you are interested in working for that company or that position and not just “a” job or the “promotion” because you have seniority or need the money.

    If it’s a promotion that you are after, never bad mouth the previous occupant. Instead pick out an example that he/she was good at and explain how you would like to use or expand that policy and how it would enhance the policy changes you’d like to make.

    If it’s a new job you’re going for, then make sure to have some company specific questions ready to show that you have done your homework for the new position.

    7. Marketing Skills

    While marketing a companies products or services has always been a highly sought after skill. In today’s world, it can take on several different forms.

    Some of the marketing skills that are highly sought after today include, SEO, Search Engine Optimization, SEM, Search Engine Marketing and marketing campaign management. Familiarity with Google Analytics as well as Word Press are also valuable.

    While traditional marketing and branding were focused on advertising and selling. Almost all marketing efforts now a days are focused on the internet.

    8. Network Security Specialist

    Again, this is a highly skilled position that requires specialized training. But the amount of data that all companies store is significant, and if that data is leaked or stolen, it can costs them millions of dollars in both lost revenue and lawsuits.

    So, if you have an interest in network security you will find the field both lucrative and stable.

    Advertising

    9. Communication Skills

    At first glance, communication skills may not look like it fits into the category of “Hard Skills” that can help you succeed. But in this ever shrinking world where companies can do business from almost anywhere, communication is more and more important.

    Are you bilingual? It really doesn’t matter what language you speak, there’s a company out there looking for someone who speaks that language.

    10. Computer Programming

    I don’t know about you, but I’m pretty sure that computers are going to be around for a while! As both the hardware and software get more advanced, the need for computer programming is only going to increase.

    11. Graphic Design

    As of 2018, there were 4.37 million new websites launched.[2] A good number of them will fail because they just aren’t interesting enough visually. The use of templates and replicated websites is only making the problem worse.

    Part of the way Google ranks sites is through originality, this almost ensures that replicated sites will never get ranked through Google. So the more original your site is, the more likely people will visit and actually spend time there.

    That is what a good graphic designer does. Takes your basic idea and turns it into a website that people actually want to visit.

    Embrace the Anxiety That Comes with Change

    You know it’s going to be there, you know that you’ll want to give up as you’re learning these new skills but, you’ll also know that the end result is worth the journey.

    Here’s a little trick when you’re feeling overwhelmed:

    Have you ever met an ex-smoker who was sorry they quit? An ex-drinker or drug user that said life was much better before they quit? These people have gone through some of the most difficult challenges humans can go through including weeks, if not, months of intense physical withdrawal symptoms. They did it because they knew that the pain and anxiety they would experience would ultimately get them to a much better life.

    Now what was that complaint you had about attending night-school?

    Advertising

    This is the part everyone hates, everyone thinks night-school, adult education and just generally giving up family and/or spare time. While those are certainly possible ways to develop the necessary skills, they aren’t the only way.

    You’ll want to check with your human resources department because depending on the company, a certain degree maybe required in order to even be considered for a position. In those cases, night-school, on-line or some other form of adult education maybe your best route.

    But as long as a degree isn’t required, then your options are wide open.

    Let’s just say that you’re a sales person interested in becoming the sales manager but, the territory you’ve been given will never produce the sales figures that would make you stand out as a good candidate for sales manager. So how about you start your own side business (don’t compete with your company), but let’s say you enjoy golf.

    In this day and age, there are plenty of places that will teach you how to sell products on-line and even set you up with your own website. So you start a site selling golf equipment and accessories (don’t worry, you won’t even have to carry inventory or worry about shipping).

    Now, when that sales manager spot opens up, you can explain that even though other salespeople had better numbers than you, it had nothing to do with your sales ability, it was more of a consequence of the territory your were given.

    And to prove it, you brought in some information about a side business, you started showing that you’re on target for a sales growth rate of 30% this year. And because you had to do all of the marketing for the business, you came up with some marketing strategies that you can bring to the new job (built-in experience).

    The Bottom Line

    We’ve put together these 11 hard skills as a way to give yourself a “leg up” on the competition. We’ve tried to make this a mixture of both skills that require a great deal of training, and also ones that you can work on and develop by yourself.

    We know that not everyone is cut out to be a cloud computing expert, but we also know that working on and having good scheduling skills will make you a much more desirable candidate for the position!

    We also don’t want you to discount the idea of a “side hustle“. Especially for people new to the workforce, having a business that you have started and run successfully shows potential employers that you have initiative, scheduling skills and ambition which can put you well ahead of your competition!

    As usual, we hope you found this article both enjoyable and informative. If you did, may we ask that you share it with your family and friends through social media. It really does help us and is greatly appreciated!

    More Skill to Help Advance Your Career

    Featured photo credit: Kyle Sterk via unsplash.com

    Reference

    [1] Microsoft Azure: Cloud Computing
    [2] Netcraft: December 2018 Web Server Survey

    Read Next