5 Benefits of Becoming an Entrepreneur

Maybe you have read a book or maybe even recently laid off but this recession is going to foster in a whole new set of entrepreneurs. If you have thought about starting your own business or forging your own path down entrepreneurship read on as we discuss 7 benefits:

Being able to enjoy the pride of fulfilling self made goals and dead lines. Being an entrepreneur is not like have a job where you do as much as possible but as little to not get fired. Deciding to make the journey in to entrepreneurship is exciting as you are now responsible for the business plan, the ultimate vision, deadlines, goals and seeing it all to fruition. Having all of this responsibility as an entrepreneur may seem daunting but the realization of profit is extremely fulfilling. Your entrepreneurial venture may not succeed at first but if you nurture it and seek the right assistance and mentoring all failures can be turned in to successes and those bring an incredible sense of pride.

Excitement of learning something new everyday. As an entrepreneur you will wear many hats and sometimes all at once! Some less exciting roles you will play as an entrepreneur are the book keeper, janitor, customer service representative and the more exciting roles such as CEO, sales person, marketing coordinator. Learning as an entrepreneur is never ending. This is a good thing how ever because wants you stop learning you become the “know it all” and unlike entrepreneur – that is never a good title to have. Look forward to these moments of growth as an entrepreneur as they are truly life changing.

Earning potential for an entrepreneur far exceeds that of an employee. If you stick around long in Corporate America it will happen to you eventually and that is hitting the ceiling on how much you are able to make a year. As an entrepreneur your earning potential is limitless as there is no ceiling, this also hold true for the floor. Let’s also clear the air on the work that is required to achieve this as an entrepreneur. Remember that as an employee you are paid for time as an entrepreneur you are paid on production. What ever business venture you may choose it most often is not an overnight success so set realistic income short term, mid term and long term goals for yourself as an entrepreneur and your new found company.

Being able to make your dreams become reality. When you make the decision to become an entrepreneur every action you take determines what vision you show the world. It is up to you and you alone to create or find the opportunity that will allow you to take your dreams and turn them to reality. This road called entrepreneurship is not always paved and is often times quite bumpy and you need to clearly define your “Why” of when times get tough you stick it out to see your dreams manifest them.

Designing your own schedule for life on your terms. The life as an entrepreneur, often times made glamorous but only after you put in the time in the beginning. You have now transitioned from full time cube dweller to full time entrepreneur. You absolutely can determine when you will be available to your business. Soccer game practice at 3PM? You can make it with out the worries of racing home in rush hour traffic. What about that meeting for a potential consulting client at the same time? Don’t confuse my intentions – I would never ever change being an entrepreneur. You will realize that your schedule does become more flexible as you bring on partners or are able to outsource and become more efficient with your time.

These are just 5 of the many benefits of becoming an entrepreneur. I would encourage you to take personality tests to see where your strengths and weaknesses lie and look for a partner to balance out that equation. I also recommend you join your local small business association and look for other networks of like minded individuals such as Club E.