Why do People Start Their Own Business

If you want to start your own business, you should know the reason or reasons.

The most common reason is to earn money but there are still others like being the boss, enjoying flexibility and convenience that comes with managing a business, to provide financial assistance to others, and recognize the efforts of employees.

Why do People Start Their Business?

A lot of individuals want to start their own business but the common hindrance is lack of capital. Well, if these people knew about the various financing options available, they would have started their business long ago. When you start a business, your goal is to earn money and be the boss. This is an ideal choice because if you are able to succeed, you can provide your family with a better life. Still, some business owners have different reasons why they started the business. You will discover these reasons as you read further.

A typical employee is not free to take the day off whenever he or she needs it. For instance, when your child is suffering from an illness, you won’t be able to take absence unless your boss approves of it. Your time for a sick loved one is compromised; whereas if you own a business, you can leave it when your family needs you because you have staffs or software program that will run the business even in your absence. So the reason here is quite obvious – you want to start a business so that you can enjoy flexibility and convenience of being the boss.

More Reasons for Starting a Business

Some say that when you’re an employee, you have a thankless job. When a certain company has many employees, your efforts are hardly recognized but when you commit a mistake, everyone in the company knows and talks about it. When you start a business, you can avoid this scenario because your efforts will show in the sales and profits you make. If you have employees, you have to make them feel important by properly motivating them. You can even provide your employees with promotional gifts or gifts of appreciation for a job well done.

Starting a business is also one way to help others with their financial needs. When you own a business, you will hire employees. Whether you own small or large business, you are able to provide assistance to the families of your employees. These are some of the reasons why people want to start their own business but then when they are already in the startup phase, they are faced with obstacles like no money, no time, no network, no product or service, and many others. Now, if you want to realize your dreams and your goals, you have to overcome these obstacles. When you do, that is the only time when you will reap the benefits of your dedicated efforts.

11 Comments

  • yousef said on October 14, 2010
    I am currently 19 and studying in civil engineering. That will be my main job but I am aiming towards opening a garage. I love cars, I love the idea of having a buisness. It will be hard work but I am sure that I will be able to succeed.
  • john law said on October 29, 2010
    i am now 27 and working as storeman in electrical and instrument service provider company in refinery. i earn S$750/month. i want to start my own business in myanmar. i love to open mini mart. i want to know what are the basic steps to start a business.
  • claudia said on February 8, 2011
    hi i am looking at starting my own small business i am a credit controller and not too sure what to start. My firm is going to close doors. I am desperate for some good ideas can any one help I live in South Africa Pietermaritzburg
  • hawa amin bajber said on February 24, 2011
    hello am working as general secretary in construction company and now am taking business administration studies.i would like to start my own business but i don't know what to do,please i need your help
  • Patrick said on June 14, 2011
    Hi I'm a 17 year old boy from Kent. I have a passion for physics, maths and economics-but I don't know where to go with my career. I have always wanted to start my own business but just don't have the confidence. Can anyone help me? Patrick England 2011
  • Bethany said on June 23, 2011
    I'm a 15 year old girl and I'm currently studying business for a GCSE. I would really like to know why people start their own business. Is it to earn more money? To be your own boss?.. please reply to this, Thanks very much. Yours Faithfully, Bethany x
  • Lau Jiun Hao said on September 13, 2011
    I now work in singapore, can save bout S$600 per month. Can i open a hotel in myanmmar? Can you recommend any business that enable me to earn a lot?
  • Ndapopiwa j said on October 4, 2011
    Hi i am a 30 yrs old guy, i've studied accounting, commerce and have B.economics at sametimes. I always want to become my own boss but do't know what to start with. I have a lot of business ideas and don't know which one to go for. please help
  • palaesaw said on June 24, 2012
    I am working in singapore as a nurse. I want to open pharmacy in yangon. what are the basic steps to start a business.
  • Giveus Digwere said on July 28, 2015
    hi am giveus 20yrs of age, i've studied accounting ,commerce and i have always wanted to be my own boss but i dnt know where to start...buh got lot of business ideas please help me
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