5 Benefits of Entrepreneurship

Cheneil Bailey

Do you ever wonder what the benefits are to being an entrepreneur? Maybe you are just curious, or maybe you are ready to ditch the 9-5 corporate life. Whatever the reason might be, I have come up with five benefits to being an entrepreneur. For as long as I can remember I have always had an entrepreneur spirit inside of me. Now entrepreneurship is not easy by no means, and it does not come without its struggles, but here are five good benefits to it.  

FLEXIBILITY 

As a business owner, you get to determine your own work schedule, thus giving you a lot more flexibility than a 9-5 job. Gone are the days when you have to request leave months in advance or fear if you had to take a substantial amount of leave off you could risk losing your job. You determine your own work hours and days off, giving you more freedom over your life so you can enjoy what matters most to you. Now I wouldn’t be honest with you if I said you were not going to have to work long hours. Entrepreneurs work very long hours to climb the ladder to success, and you have to have the right amount of self-discipline in order to achieve this. If you are only putting in half the work and time you will not be very successful in running your own business. As far as creating your own schedule this is definitely a top benefit to being an entrepreneur. 

MAKE YOUR OWN WEALTH

I have always said when you work for somebody else you are just making them richer. What is the fun in that? If I’m going to invest hours upon hours of my time and knowledge, why not invest it in my own company? No more worrying about whether or not you are going to get that job promotion because you need the extra money to make ends meet. You now have the control over whether you get the raise or not. No more begging with your hat in your hands to your boss, you determine your income. It will take a lot of hard work, but entrepreneurs find their hard work does pay off in the end when it comes to making their own wealth.  

BEING YOUR OWN BOSS

When you are flying solo you don’t have to worry about answering to an uptight, never satisfied boss. You are your own boss, and being your own boss can be very rewarding. Let's face it, we both have heard horror stories on people in management who should never hold such a position. Gone are the days of worrying about constantly satisfying your boss and seeking their approval, or worse dreading going to work. You are your own boss and the atmosphere you work in is solely up to you. 

WORK FROM ALMOST ANYWHERE 

This is a huge benefit to being an entrepreneur, you can work from almost anywhere you want too. Many people I know either work from the comfort of their own home or choose to rent a space where they choose. If you are operating an online business you could literally almost move anywhere around the entire world and work. Being an entrepreneur gives you tons of options on where you decide to set up shop in today’s technological world. There are tons of apps and options available to help you run your business smoothly, and thanks to the internet, reach out to potential customers/clients anywhere in the world. 

CREATING PRODUCTS/ SERVICES THAT ARE LIFE CHANGING

This is probably my favorite benefit to being an entrepreneur. You, yes you, have the ability to create something that will be life-changing for other people. I absolutely love helping others out, if I can create a product where I can make a difference in somebody else’s life for the good, than that my friends is epic. There is something extremely satisfying about making a difference in others life for the good whether it be for one person, or the whole entire world! The things you can create as an entrepreneur are limitless, when you work for yourself you can run with your own ideas. We live in the days where just about anything is a possibility! 

These are five benefits of entrepreneurship. If you have been tossing around the idea for awhile I hope this inspires and helps you out in your decision making. Small businesses are very important to our economy and help employ people who are not cut out for the corporate world. Being an entrepreneur can be very rewarding, and help you achieve the lifestyle you have always dreamed of when you put the work into it. Blissfully, Cheneil