by Akua Hinds

Created on: May 12, 2011

Working for a living can be very financially, mentally and emotionally rewarding, especially if you are working for yourself in your own business.  Owning your own business is a huge accomplishment that nothing can take away from you.  Regardless of whether or not the business lasts forever, owning your own business is a big responsibility that lies completely in your hands.  If your business succeeds beyond your wildest dreams, as the owner, you can claim all of the credit. 

Owning a business forces you to grow as a person and be the best professional that you can be.  Owning and running your own business can make you feel more appreciative of people who have supported you and your business because as a business owner, your livelihood and financial stability depends upon the confidence others place in you and your business.  As a small business owner, it feels nice to know that other people believe in you and want to support you. 

Turning a business from being just a concept in your mind to an actual functioning and thriving business can increase your confidence in yourself and in your future.  If you have children, building a company that you can one day turn over to them and they can manage as their own can open near limitless doors of opportunity for them.  Knowing that you have provided a legacy for your family so that they don’t have to worry about looking for a job or struggling with unemployment because you build a strong business that they can be a part of anytime they are ready.  Your family will thank you for working so hard to build a foundation for them and for their future descendants. 

Having full creative control over your career gives you more control over your life.  As the owner of your own business, you don’t need to “check in” with the boss if you need time off to tend to sick family members or to take care of other personal matters.  Your privacy is not at as much risk when you have your own business, too.  When you work at other workplaces, those companies store your personal information like your Social Security/Insurance Number, bank account number, date of birth, and depending upon the job, the company can even order you to undergo a criminal background check.  As the owner of your own business you no longer have to submit yourself to huge invasions of privacy.  As a business owner, your time is your own and you don’t have to risk losing your job if you need to take time off; you can hire someone else to run the business for you if necessary, and you will still earn an income during your absence. 

More time spent with loved ones, the potential to earn unlimited income and the pride of building a legacy are just some of the many reasons why owning your own business would benefit your life.  Many entrepreneurs have opened countless doors of opportunity for other people because of their bold move to strike out on their own and start their own businesses.  If you are contemplating starting your own business you should make sure you pursue a business that you are capable of and enjoy leading. 

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