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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 March 12, 2019

    20 Inspiring Vision Statement Examples (2019 Updated)

    20 Inspiring Vision Statement Examples (2019 Updated)

    There is normally a lengthy list of things you need to consider when starting a business, and if you don’t manage them properly, your excitement can quickly turn into overwhelm. What can support you to stay inspired and on the right track when starting out? You guessed it: this is your vision statement.

    What Is a Vision Statement?

    A vision statement is like a photograph of your future business, which gives your business shape and direction.

    A vision statement provides the direction and describes what the founder wants the organization to achieve in the future; it’s more about the “what” of a business. It is different from a mission statement, which describes the purpose of an organization and more about the “how” of a business.

    If you were to take a photo of your future business now, what would it look like? What do you want your business to be recognized for one day?

    You need to have a crystal clear vision when you start out, otherwise you can get easily lost in deciding the best way forward. When you are making strategic decisions for your business and even daily operation decisions, your vision statement will give you the inspiration and targeted direction you need.

    The Importance of a Vision Statement

    Without a vision statement, your business will lack motivation to keep going.

    If you don’t aim for anything, you might not hit anything. The more specific and clear you are, the better your chances are at seeing your vision turn into reality.

    The importance of a vision statement cannot be overlooked; not only does it provide long term direction and guidance, but it also gives you the inspiration and the necessary energy to keep going when you feel lost.

    Always keep your vision statement alive by revisiting it regularly and communicating your vision with other members of the team, to inspire and motivate them as well.

    How to Craft an Inspiring Vision Statement

    1. Dream big and use clear language

    An inspiring vision statement should inform a clear direction and priorities for the organization, while challenging all the team members to grow together. Based on our expert sources’ advice, we’ve got some great tips for you:

    • Imagine how you want the business to be like in five to ten years.
    • Infuse the business’ values in the statement.
    • Make sure that the statement is implying a clear focus for the business.
    • Write your vision statement in the present tense.
    • Use clear and concise language.
    • Ensure the statement is easily understood.

    There are many different types of vision statements and there is no wrong or right way to do it. The most important thing is to resonate with it. It will always inspire you and give you a clear targeted direction.

    2. Get inspirations from the successful companies.

    Having researched on a number of successful companies’ vision statements, I’ve shortlisted 20 good examples for the new startups:

    Short vision statements made up of a few words only:

    1. Disney

    To make people happy.

    2. Oxfam

    A just world without poverty.

    3. Ikea

    To create a better every day life for the many people.

    Quantitative statements are based on numbers, quantities:

    4. Microsoft

    Empower every person and every organization on the planet to achieve more.

      5. Nike

      Bring inspiration and innovation to every athlete* in the world. (*If you have a body, you are an athlete.)

        Qualitative statements are based on qualities that you want to have:

        6. Ford

        People working together as a lean, global enterprise to make people’s lives better through automotive and mobility leadership.

        7. Avon

        To be the company that best understands and satisfies the product, service and self-fulfillment needs of women—globally.

        Competitor based statements – this type is becoming less common, but famous examples are:

        8. Honda – in 1970

        We will destroy Yamaha.

        9. Nike – in 1960s

        Crush Adidas.

          10. Philip Morris – in 1950s

          Knock off RJR as the number one tobacco  company in the world.

          Role Model Vision Statements – using another company as an example:

          11. Stanford University – in the past

          To become the Harvard of the West.

          12. Reach for Success – in the past

          To become the next Tony Robbins in self development.

          Internal Transformations vision statements:

          13. Apple

          To produce high-quality, low cost, easy to use products that incorporate high technology for the individual.

          14. Giro Sport Design

          To make sure that riding is the best part of a great life.

          15. Tesla

          To accelerate the world’s transition to sustainable energy.

          16. Sony

          To be a company that inspires and fulfills your curiosity.

          17. Facebook

          To give people the power to share and make the world more open and connected.

            Longer and more detailed vision statement:

            18. Walmart

            To give customers a wide assortment of their favorite products, Every Day Low Prices, guaranteed satisfaction, friendly service, convenient hours (24 hours, 7 days a week) and a great online shopping experience.

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            19. Coca Cola

            To achieve sustainable growth, we have established a vision with clear goals:

            Profit: Maximizing return to share owners while being mindful of our overall responsibilities.

            People: Being a great place to work where people are inspired to be the best they can be.

            Portfolio: Bringing to the world a portfolio of beverage brands that anticipate and satisfy peoples; desires and needs.

            Partners: Nurturing a winning network of partners and building mutual loyalty.

            Planet: Being a responsible global citizen that makes a difference.

              20. Heinz

              Our VISION, quite simply, is to be: “The World’s Premier Food Company, Offering Nutritious, Superior Tasting Foods To People Everywhere.” Being the premier food company does not mean being the biggest but it does mean being the best in terms of consumer value, customer service, employee talent, and consistent and predictable growth.

              The Bottom Line

              Remember, always keep your vision statement up-to-date to direct your company’s actions.

              Remember, once you reach your vision, it needs to be changed. General Motors overtook Ford as #1 automotive company in the world because once Ford’s goal was reached, they never updated it.

              Keep your vision statement alive and visibly in front of you, revisit it and let it help direct your actions and activities. This is the fun part: this is where you get to dream really big and allow your imagination to fly as high as you want.

              Don’t hold back, let your creative juices flow and give yourself permission to explore what is possible for your business.

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              To your success!

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