the thought of being an entreprenuer has dominated many minds especially in this time of economic crisis. but often this remains just a thought, most people never really step out to live their dreams as an entrepreneur. so in this article i will give you solid ten reasons why you should be an entrepreneur.
2. There is enough room in the world for entrepreneurs and the potential
to grow beyond measure is unquantifiable. 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. 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.
4. 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
About The Author
IKOI ABODE IKENNA is a seasoned blogger online entrepreneur. He
blogs at www.abodebusinessonline.com | www.naijasphere.com you
can follow him on facebook @ www.facebook.com/ikoiikenna and on
twitter @ www.twitter.com/ikoiikenna.