Are you sick of your 9-to-5 job and want to make a change? Well, have you ever considered becoming an entrepreneur? Here’s why you need to try it out.
Most people have thought of becoming entrepreneurs at some point in their lives. Some people know they are meant to be business owners before they finish school while others realise they are the entrepreneurial-material when are in a job that they desperately need to escape from and avoid the daily grind.
If you don’t think the office life is suited to you, you might want to start thinking about other options – starting your own business is always a good alternative. So let’s say if you are fed up with the routine, and want to try something different, work on your passion project, or simply want to walk out the door with more money in your pocket, it may be time to adjust your sails and become and entrepreneur.
What is Entrepreneurship?
For many people, entrepreneurship is an uncatchable dream, but it doesn’t have to be. Entrepreneurship is about having a vision as well as the courage to go after what you want and for the most self-assured out there this is a good – but rather daring, alternative to the norm.
According to Pinchot University, entrepreneurship is – in scientific terms, “the willingness to take risks and develop, organise and manage a business venture in a competitive global marketplace that is constantly evolving.” So people who choose this competitive route are often referred to as doers, dreamers, pioneers, innovators and leaders because these people are “the forefront of technological and social movements – in their fields, in their forward thinking.”
The life of the entrepreneur is desirable and attractive for a number of reasons. In fact, an infographic from OnBLastBlog has identified over 80 reasons to quit your job and open a business! So here’s why entrepreneurship is way better than the 9 to 5, and you might want to reconsider your approach to work.
You Get to Be More Autonomous
Autonomy is good and everybody wants some of that in their jobs. Susan Patel says and that people who want to become entrepreneurs need a sense of autonomy:
“Plenty of people simply aren’t able to function in traditional “boss-employee” relationships and need the autonomy of entrepreneurship to avoid going crazy in their professional lives. Would-be entrepreneurs who value their ability to work on their own are well-suited to this line of work, as the ability to uncover and actually take steps on your own – without a boss peering over your shoulder – is a critical part of venture launch success.”
People get into jobs to serve – or help if you like, other people. The difference with entrepreneurs is that they start businesses to create something unique for people – whether it’s a product or a service that will make their life easier, and they need that kind of autonomy to run wild and harness their creativity to bring change, and come up with something new and revolutionary.
You Gain Greater Control Over Your Career
Most people who decide to say goodbye to the office life are looking for greater control in their lives and career trajectory. Since most jobs are unstable, they can’t provide the kind of control and security you need. Entrepreneurship isn’t easy or provides any security per se, but it can certainly offer you much more than a 9-to-5 job can in the long run.
Perhaps the best thing about being an entrepreneur is that none else can dictate your destiny. For starters, you don’t have to report to anybody, and you are the one person responsible for your career. For example, there’s no one to demand something to be done or tell you that you are fired.
Quite the contrary as an entrepreneur you won’t have any of that because you are going to be the one who calls the shots. You are the one who makes all the decisions and there is none else to say otherwise. But, you do have to bear in mind that this also means that you are going to be responsible for the success or the failure of the business.
You Get to Enjoy More Freedom
As an entrepreneur, you will have a lot more flexibility in the way you do things. For example, you get to choose what time you want to go to work. So if you are a night owl, and you don’t like waking up early, you can go to work at 12pm and leave at 6pm. My point is that you can choose to go to work whenever you want – or even sleep on your desk! You can also travel, take long holidays in Ibiza and have no one asking you when you are coming back. Sounds good, right?
Timothy Sykes from Penny Stocks says that entrepreneurship will always beat the 9-to-5 because it gives him the kind of flexibility he wants:
“As an entrepreneur, you have the incomparable thrill of freedom. Not only the freedom to make your own decisions and do things the way you want them to but the freedom to work when you want and to make what you want. Compare this to an office that has set times, set pay and no flexibility, and you can see why freedom is one of the biggest draws of self-employment.”
Ask any entrepreneur about the benefits of entrepreneurship and he will start talking about freedom it offers. This kind of flexibility is what you can’t get in a traditional office job. Even though it may be given to you to some extent, you can’t compare it to the freedom you get as the leader of a business.
You Get Greater Work-Life Balance
The first thing that comes to mind when you think of starting a business is work-life balance. Apart from the ability to make more money, most people who quit their jobs to become entrepreneurs want to make more time for themselves and their loved ones. Many established entrepreneurs might say that this is an illusion – because when you are in charge of a company, you need to know exactly what’s going on at any given point.
This means that you don’t get to rest, and you have to be able to take care of business-related matters even when you are away. Either way, as an entrepreneur you have greater control of your pastime activities and get to enjoy other interests and hobbies. In fact, as an entrepreneur, you can turn your hobby into a business.
You Get a Chance to Change the World
How much can you do as somebody’s employee aside from receiving orders and doing what you are told? As an entrepreneur, you don’t only have the freedom in the way you work, but also in the things that you can do for others e.g. your community and to a larger extent, the world. Although this sounds relatively altruistic, if you think about it, it makes perfect sense.
As a person, you are more likely to make a difference when you are in a job or the right work environment that allows you to be yourself. Becoming an entrepreneur provides you with the chance to rethink your life’s purpose, to find your passion and think of a way to give something back to society.
This gives you the opportunity to change lives, make a bigger – and more direct, impact on the world. For example, you can start a charity or come up with a revolutionary product like Steve Jobs did with Apple and simply make people happy.
So I guess what I am trying to say is that entrepreneurship isn’t – and shouldn’t be all about the money. It can be an opportunity to grow professionally and help other people. You just have to decide what your organisation’s mission is going to be and who you want to be remembered as.
All of this sounds great however I should warn you that, quitting your job and becoming an entrepreneur isn’t as easy as it sounds. Becoming an entrepreneur isn’t all good and jolly, and there are some obvious obstacles to it that you shouldn’t ignore. If you are considering of making the transition, you have to be 100 percent confident about your decision. In most cases, even though entrepreneurship takes place out of the normal working hours (9-to-5), this can be replaced with a more demanding work schedule. For an entrepreneur keeping an eye on the job at a 24/7 is inevitable.
The Corporate Life vs. Entrepreneurship
If you are struggling with this dilemma, you have to think about the pros and cons of starting a business and what becoming an entrepreneur means for you personally. To help you out, whether entrepreneurship is a better choice than corporate life needs to be evaluated against the following three variables:
- Would you be able to follow the entrepreneur lifestyle?
Entrepreneurship is an emotional roller coaster, and those who are on it need to be ready for anything? It may offer you greater work-life balance, but it also forces you to adjust your lifestyle to keep up with the ongoing demands. Being an entrepreneur means more responsibilities and learning how to be flexible is the key to success.
- Are you comfortable with taking risks?
As an entrepreneur, you earn as much as you work, whereas in corporate jobs you usually get paid a fixed salary at the end of each month. So the real question is, are you able to live with this uncertainty? Entrepreneurship can’t offer you a steady paycheck at the end of each month or health insurance, and you need to make sure you are comfortable with that before you take this big step.
- Do you have what it takes to become an entrepreneur?
Successful entrepreneurs need to possess certain qualities, knowledge and skills. As an employee, you only need to be good enough to earn the promotion or the raise your boss is planning for you to get in some year’s time. But as an entrepreneur, you will need to be better than everybody else and ready to provide all of the answers.
These three elements are the obstacles most people are afraid of when they start thinking about entrepreneurship. Lots of people who want to make the transition from the office job to entrepreneurship aren’t going through with it because of these risks involved in the process. Obviously, starting a business is a daring move but in the long run, it may be worth it!
Fear might be preventing you from realising your dreams, but you shouldn’t let it ruin what good might be working for you. Besides you will never know what can happen if you don’t take the chance. So would you do it? Let us know in the comments section below…