Showing posts with label Start up. Show all posts
Showing posts with label Start up. Show all posts

Saturday, June 25, 2016

10 Reasons To Consider Entreprenuership




There is enough room in the world for entrepreneurs and the potential to grow beyond measure. Now not all who goes into business become very successful but it’s no doubt a worthwhile experience. Being successful as an entrepreneur has to do with a lot of factors and one has to be really hardworking and determined to learn from each failure.

With the present economic situation, and the jobless rate, many governments in the world are encouraging young people to go into businesses providing some few incentives to encourage them along the way.

There are various reasons to go into entrepreneurship:

1. The present change in industries: Now there is a global change in which things are being done in the world. With improvement in technology, not many hands are needed in most industries so there are layoffs and fewer people are employed to carry out task that can be easily done with machine. Also this can be seen as an advantage for an entrepreneur as things can be done easily and more clients and customers can be reached with improved technology.

2. Be your own boss: while this may sound pleasant, it comes with great responsibilities as the success of the company solely depends on your effort so no room from complacency on your part, but it give you the opportunity to plan your time as you deem fit and work on your personal goals and aspiration. The likes of Bill Gates had a dream that could not have been achieved working for someone else.

3. You are not limited: as an entrepreneur, you are not limited to a particular area of expertise or field or department. You can branch out to various fields, investing both time and resources in different ventures after due diligence and studies.

4. You can earn more: this is a very interesting point no doubt, as an entrepreneur you are bound to earn more when your investment starts paying off. There is the initial stages of investment and recapitalization of the business but this follows to the stage of reaping benefits of dividends from the business. A well-drawn business plan usually put these into consideration. Most entrepreneur lives a more affluent lifestyle than salaries earners.

5. You can take risk on other opportunities: being an entrepreneur gives you’re the opportunity to expand and take opportunity as they present themselves because you are not limited or constrained by company rules or obligation to your boss.

6. Security: this point is open to various interpretations, while some will consider steady monthly salaries as security, it should be noted that companies do fold up and cut staff and in this period of economic downturn, we have heard of more layoff than usual. So presently many feels that entrepreneurship is more secured than on paid salaries as you can control your finances and will not be in the dark on where the company is heading to and be afraid of being laid off at short notice.

7. You can achieve your dream: it’s a thing of fulfillment and achievement to attain a log time dream or aspiration. The joy of building and sustaining a business can give one a sense of fulfillment and achievement.

8. You can create jobs: as an entrepreneur you can create jobs and employ more hands thus rendering service and help to the community by reducing unemployment rate.

9. You have room to expand: being an entrepreneur you have room to expand your workforce, the reach of your business and brand name as wide as necessary. This can make you attain greater height than would have be possible working for someone

10. Passion: the passion and drive of being an entrepreneur is a thrilling experience as many are drive just by the passion of running and doing what they love to attain greater heights

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