SHELLY REDDY

7 Benefits of Starting Your Own Business

Starting a business can be daunting for some people but there are several benefits of owning a business. There are risks involved too however for those who have been able to build a successful business the rewards can be heaps greater.

Here are 7 benefits which helped me make a decision to start my business.

1. Be Your Own Boss – When you have your own business you don’t have to answer to anyone but yourself. As the owner of the business you have freedom and flexibility to choose your own hours. Whether you are a night owl or an early riser the feeling of becoming an entrepreneur can give you a boost towards your goals and dreams.

2. Uncapped Income – There is no cap your income when you own your own business. You can earn as little as you like or as much as you want. When you are an employee there is only so much raise or bonus you can earn but once you start working for yourself there are no limitations. The more you put in towards your business the more rewards you reap.

3. Your A-Team – As an employee you don’t really get to choose who you work with as the Team is selected by your employer. Therefore when you are the employer or the boss you get to choose and build your very own A-Team and choose the people you click with and believe share the same passion towards building a business with you.

4. Tax Advantages – There are many Tax benefits to owning a business. You can claim deductions for most business expenses such as cars, home-based businesses, travel expenses, courses and many more expenses. Ensure to check with your Tax agent on which expenses are claimable.

5. Reward For Hard Work – Ever felt like you are not getting rewarded for your hard work and experience as an employee? This will not be an issue when you own a business as your hard work and experience will be paid ten folds greater than what you will working for someone else. Every effort put into your business will make your dreams a reality.

6. Give Back to Your Community – Many people start a business not just to support themselves or their family but also to help their community or charity they passionately support. Donating to those in need and creating jobs so the community flourishers is a personal goal of mine and someday I would like to give back without worrying about my bank balance.

7. Work From Anywhere – Isn’t it amazing that in today’s age we can be running a global business from anywhere in the world? You are not confined to just one place. With my Digital Business I am about to do just that. All I need is a laptop or phone and internet connection and I am able to run my business from beautiful beaches in Fiji or skyscraper in Dubai. In case you couldn’t tell I love travelling and having the option to run my business anywhere and anytime is a major factor why I decided to own a business. If you would like to know more about this business click HERE.

Doesn’t matter what your reason is to start your own business just ensure you do your research. As I mentioned in the beginning, owning a business has it’s own risks and rewards and it depends entirely on you what your goals and dreams mean in life.