There are probably a good number of you out there who are considering quitting your job and opening up your very own business. Our guess is this is something everybody thinks about at one time or another, but few actually go through with it. It’s one thing to daydream about being wealthy and being your own boss while sitting in your tiny cubicle mindlessly typing out an email to IT letting them know your computer has a glitch, again, but it is a whole different story if you are serious about making that giant step.
If you are serious about owning your own business, the idea might make you scared. After all, you might not live up to your own expectations, you might fail and you might even go broke. You might even get sued or have to deal with a lawsuit. At the very least, you need to find a name for your business that isn’t already taken. For these reasons, you need to contact Baron Law Group and speak with a business lawyer in Los Angeles.
And as there are certainly scary aspects of owning your own business, there will also be plenty of rewards. Here are a few reasons you should start your own business.
You Don’t Grow Old Asking “What If”
There are plenty of times in your life when you ponder the question “what if.” You wonder what your life would be like right now had you actually asked that cute cheerleader out for a date. Maybe nothing because she would have turned you down, but you will never know that for sure.
We miss out on so many opportunities in life because we are afraid of failure or rejection. You didn’t ask the cute cheerleader out because you were afraid of being rejected. You didn’t go for the managerial opening because you were afraid you might fail.
Take a look at your life from a different perspective; ask yourself if you are really happy. Chances are you are burned out at work, or you just hate your job. You have a passion for doing something else and if you were to succeed, this would make you very happy. Sticking with your job for another 20, 30 or 40 years will only make you miserable. That reason right there is enough to get you motivated.
You Will Learn a Lot
You might be lucky enough to have a job in which you are learning new things all of the time. But then, you could also have a job in which you do the same thing every day, every week, every month and every year and never learn anything new.
The one thing that will happen when you own your own business is that you will be learning something new all of the time. As an employee, you learn about your industry and the role you have in it. However, being the owner, the big boss, means you have to learn everything from operations to accounting. You will have to keep up with all of the new tools, technologies and consumer trends. You will learn more being a business owner than you did in school.
So keep this in mind when considering whether or not you want to own your own business. If you love a challenge and love to learn, then owning your own business is a good fit for you.
You Will Learn to be Independent and Trust Your Instinct
Life is pretty boring when all the big decisions on the job are made for you. But when you own your own business, you are the one making those big decisions. Owning a business means you need to think on your feet and make decisions based many times on instincts alone.
This might sound a little scary to some, and that is because it is. But keep in mind that you will have a tight-knit group of intelligent and knowledgeable people in your circle you can bounce ideas off. But either way, the final decision is yours to make.
You Will be Motivated
You will wake each morning with a desire and drive to get to work. You walk out of the house each morning knowing you no longer work for somebody else, and that is a great feeling that keeps you motivated.
Should you follow your dream and start your own company, schedule an appointment with Baron Law Group to see how we can help.