It takes a lot of work to start a new business.
Although starting a business can present a number of seemingly impossible challenges and frightening risks, there are many very important benefits to being a business owner. Owning your own business provides you with many freedoms that would likely never be possible when working for someone else, but it is not something to be entered into lightly.
Unlimited Earning Potential
When working for an employer, your earning potential is typically limited to some sort of a salary structure. However, as a business owner, you theoretically have unlimited earning potential. Your income becomes proportionally linked to the amount of work and creativity you're willing and able to put into promoting and developing your new product, service, or idea. Not every small business will end up being profitable--this is a risk all entrepreneurs must take--but if you're able to make your business work, never again will you be limited to a salary set by an employer.
Job Security
In times of economic downturn, when unemployment rates tend to rise, having your own business can be a tremendous comfort. Although business owners do have to worry about and deal with economic ups and downs just like anybody else, you don't ever have to worry about getting fired or laid off.
Scheduling Freedom
As a business owner, you can enjoy a much higher degree of scheduling freedom than is possible if you work for someone else. You can spend time taking care of personal responsibilities and duties during the day, if need be. You can work late into the night from the comfort of your own home, if necessary, and can sleep in a little later in the mornings. Essentially, your schedule becomes your own, and you are able to work--for the most part--on your own time.
Career Control
As a business owner, you're immune from the stresses of office politics. Because you're at the top of the company, you don't have to worry about trying to outperform your peers or schmooze your superiors. Without these concerns, you're free to devote your attention more solidly toward growing your business and improving your product or service.
