Darren Pawski

If you are an aspiring entrepreneur in New Canaan, you must have heard tons of reasons to avoid getting into the business. Some of the common reasons are; it’s too risky, it is easy to get into debt, you won’t sleep well, you will lose out on your friends and your social life etc.. Although these uncertainties are present, the startup world is very attractive. There are various reasons as to why you should own your own business, and that is why Douglas Knight New Canaan would like to share with you a few reasons.

You have a story

When you introduce yourself to someone and you say that you are running your own business, they will always ask you questions about how you started, and how you are running it. As an entrepreneur, you will be able to give a story or two about the challenges and the best part of your story.

You will have some extra time

This will not come immediately because the first few years will take a lot from you and you will most likely get even less pay. But if you follow your plan and do things right, you will easily master the schedule you have and have the freedom of doing other activities and enjoy the benefits of being an entrepreneur.

Tax benefits

When it comes to freelancers and entrepreneurs, they have the chance of taking advantage of some tax benefits. It is easy to do away with travel expenses, phone bills, partial car payments and even food. Other startups also qualify for incentives from the government. As you progress or as you do your market research, ensure that you ask your accountant about the tax benefits that you may qualify.

Networking

Entrepreneurs are the sort of people who survive in communities. Entrepreneurs love one another and they exchange stories from time to time to learn from experiences they have undergone. Your acquaintances and friends always grow when you are an entrepreneur because founders need to rely on each other to talk about their challenges and to survive.

Job security

When you are employed, you can get laid off or fired or the company can downsize and you lose your job. But if you become an entrepreneur, you are the boss of your own time, the show is yours and you never have to worry about being fired.

Prosperity grows

If you are a teacher, a doctor or a cab driver, it is not easy to pass your career to your family members, but as an entrepreneur, it is easy to pass the company to your family up to your next generation and be proud that something you built is being carried on to the next generation successfully.

Pride

It’s an amazing feeling to build something that grows and become successful. You started out with a vision, you were able to make an execution and you are able to benefit from its result. On the flip side, it can be tough to be excited about filing more than enough requests for a proposal to your employer.

Mentorship

When you learn from the masters and get to help those who are just getting into the business field, you get to have a great sense of accomplishment. The moment you receive counsel from your mentors and you grow over the years to run a successful company, you will be able to mentor others.

Novelty

Most of us love to undertake new experiences, and most of the times, the best experiences are not discovered in a cubicle. When you start running the show, you get to experience a lot as you take on new challenges.

Being an expert

If you are an entrepreneur, if you stick with what you are doing and you keep improving on it, you will become an expert at it. Over time, you will be interviewed because of your expertise, you can write more about your experience and your expertise and share it.

Financial Independence

The biggest reason as to why most people get to business is the level of financial independence that entrepreneurship provides. However amazing financial independence is, it should be defined because it differs amongst different people. It can mean a retirement package, unlimited cash reserve or having the financial capacity to purchase anything you want. Douglas Knight New Canaan would like to state that money never buys happiness, but it provides you with an opportunity to become happy easily; you should always remember that.

Recognition

There are quite a number of regional, local and national awards that exceptional entrepreneurs get in different fields across the industry. Recognition should not be the driver that takes you to business, but it is a great addition to your achievement if you get recognized.

Create jobs

Nothing compares to the satisfaction of being an employer to a couple of employees. The business you have built provides your employees with an opportunity to make a living, achieve their dreams and raise their families.