Running your own company is hard work. In fact, in life it is probably one of the most difficult things you could do. You can say goodbye to a social life and any kind of career. You will most likely put everything on the line, at the risk of losing it all. So thinking about it, what are the reasons for starting a business? Here are five good ones.
The first big reason is you can choose your own hours. For those with a family and busy social life, this is perfect. You can even work your business around your other life commitments. Never worry again about facing a dressing down for being late. Running your own business can give you the flexibility to spend more time with family and concentrate on what makes you happy. Otherwise there is no point in choosing to run a business. Do consider business can also take up all your time.
The pull of earning lots of dosh certainly has its appeal! Money isn't the answer to everything, but it does help! Working for someone else you are limited to a set salary. Even bonuses don't go far. The world is your oyster with a successful business. Money is the biggest reason people start a new business.
Organisation Psychology teaches us that some people aren't so bothered by money. For some people, their tonic is success. Thus some people start a business purely because they are driven and want to achieve things. It's often that this kind of person goes furthest with their business. A successful person can usually be recognised in that they don't let any hurdles get in their way.
Some people start a business for the image perks it gives. The suits, the meetings. They love telling people they own their own company. Image can be a big motivating factor. What happens when the novelty fades though?
Who doesn't hate being told what to do? Even worse is being told what to do by someone incompetent and over paid. Have you ever worked for a boss like that? Therefore, one big motivating factor of starting your own business is the promise of being your own boss.
You need to think carefully of all the reasons not to start a company. Your stress levels will be tested with the massive responsibility. Running your own company isn't all fun and games. The other thing to consider as above- what happens if the novelty of a reason suddenly wears off? Have more than one reason to start a business. Should you find the good outweighing the bad, then it is time to look at company formations.
The first big reason is you can choose your own hours. For those with a family and busy social life, this is perfect. You can even work your business around your other life commitments. Never worry again about facing a dressing down for being late. Running your own business can give you the flexibility to spend more time with family and concentrate on what makes you happy. Otherwise there is no point in choosing to run a business. Do consider business can also take up all your time.
The pull of earning lots of dosh certainly has its appeal! Money isn't the answer to everything, but it does help! Working for someone else you are limited to a set salary. Even bonuses don't go far. The world is your oyster with a successful business. Money is the biggest reason people start a new business.
Organisation Psychology teaches us that some people aren't so bothered by money. For some people, their tonic is success. Thus some people start a business purely because they are driven and want to achieve things. It's often that this kind of person goes furthest with their business. A successful person can usually be recognised in that they don't let any hurdles get in their way.
Some people start a business for the image perks it gives. The suits, the meetings. They love telling people they own their own company. Image can be a big motivating factor. What happens when the novelty fades though?
Who doesn't hate being told what to do? Even worse is being told what to do by someone incompetent and over paid. Have you ever worked for a boss like that? Therefore, one big motivating factor of starting your own business is the promise of being your own boss.
You need to think carefully of all the reasons not to start a company. Your stress levels will be tested with the massive responsibility. Running your own company isn't all fun and games. The other thing to consider as above- what happens if the novelty of a reason suddenly wears off? Have more than one reason to start a business. Should you find the good outweighing the bad, then it is time to look at company formations.
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Should the reasons above making you thinking about company formations then contact Optimum Formations. They can help with company formations NI.
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