5 Reasons Someone Decides To Start Their Own Business
There are many reasons that someone would go into business for themselves. During the 20th century when job with easy to find people would take the safe route of trading dollars for hours and a paycheck.
Only when jobs were hard to find which someone consider self-employment.
The difference between the latter part of the 20th century and the beginning of the 21st century is that more and more people are considering self-employment or working for companies from their home. This is the individual tax benefits, while also helping companies lower their expenses.
Another reason companies are considering doing business through network marketing or affiliate marketing is because it low is that overhead expenses.
When someone decides to have a brick and mortar store they need to have at least half $1 million in the bank just to cover overhead, with no guarantee of customers buying their products.
Through setting up a business through the Internet it takes pennies on the dollar, and a company can get people to purchase their products and venues word-of-mouth advertising to sell to friends and neighbors.
Five reasons someone may consider starting a business whether it is their own all working for someone else is an independent contractor are as follows:
1. Freedom to make your own hours and work when they want to. Some people need accountability to stay on track when building a business. This means having a mentor who helps you set up and track your progress of reaching your goals.
2. Job security. When you work for someone else they can close their doors without giving you notice and you have a sudden loss of income.
3. Do what you love to do. When you get a job for the sake of an income you often work with people that you may have nothing in common with or have conflict with; but when you work for yourself you can choose to work with people that you have a lot in common with.
4. Choosing the income you want to make. When you work for someone else, they tell you what you are worth. When you work for yourself you determine what you feel you are worth. Here is a formula to consider when deciding what you want to.
5. While starting your business are there other companies you can affiliate with and assist in selling their customers while at the same time building relationships and a customer base for your products.
Many times people consider entrepreneurship only when there are no other alternatives for employment. But the truth is, while working for someone else and you have a steady income to pay your bills, is the best time to look for opportunities for self-employment.