6 Reasons Why You Should Be Your Own Boss

Written by Mark Foo - 28 Comments
Categories: productivity tips, self improvement, working from home

If you’ve decided that you’d like to be your own boss, it doesn’t have to remain a dream forever. In fact, with some proper planning on your part, you can become your own boss in no time.

If you want to be your own boss you need to start your own business. Being self-employed will more than likely seem overwhelming in the beginning, but in the end many people feel that the benefits far outweigh the costs. So start brainstorming some business opportunities!

Here are some reasons why you should be your own boss:

1.    You’re in Charge of Your Income. This can be seen as a pro or a con at first, but eventually the sky will be the limit as you develop your business. In the beginning, seeking self-employment might not make you as much as you used to, and you also may have to worry about issues like individual insurance coverage. The huge advantage is the fact that you keep every dime that you make and your salary is not capped by your employer.

2.    You Have Creative Control. You get to make all of your decisions, no one else is telling you what to do. This is huge because many people run into boredom issues at their jobs. If you can choose the business you want, you can also pick and choose the types of jobs you accept. You do what you want, when you want.

3.    You’re Responsible for Your Success. If you’re self-employed you can truly make a difference when you start your own business. This is because the success of the business lies on your shoulders. When you work for a large corporation, it’s easy to mix in with the rest of the employees and feel like it doesn’t even matter whether or not you show up to work. While you’ll still have to work hard when you’re self-employed, you really matter because you are your business.

4.    You Set Your Own Hours. Setting your own hours is a huge advantage. You know yourself best and you’ll be able to build a schedule that’s most efficient for you. If you want to work really hard one day, and take a half day the next day, that’s perfectly fine when you’re self-employed. You can work all night and sleep all day if that’s your personal preference!

5.    You’ll Be Challenged. Most people will find that they not only reach a salary cap when they work for someone else, but they also reach a point where they’re no longer challenged. When you embark on this new journey for yourself, it’ll be a risk and it’ll be a challenge. Also, as you keep gaining experience and income, you’ll continue to be challenged as you reach higher and higher levels.

6.    You Can’t Get Fired. This is a great reason in itself. In the self-employment world you can’t get fired! You can change your mind about certain business opportunities, but that would just be shifting the focus of your business, you’d never be firing yourself. This takes a certain amount of burden off your shoulders because you don’t need to worry about someone suddenly taking away your income just because of cutbacks even if you’re doing a superb job.

Remember that there’s always a certain amount of risk associated with making a major change in your life. It’s never easy when it involves income and the future of your family. However, if you want to be your own boss, you can certainly do so. It may end up opening many doors to better your financial future.

Author’s Bio:

Ever wondered how great successful people achieved great success? You can find the answer in The 77 Traits of Highly Successful People. Mark Foo has brought together 48 personal development bloggers and writers to co-author the success eBook that spells out all of the success secrets of the very successful people. This eBook is available to you FREE and you can grab your free copy now at http://www.77SuccessTraits.com.
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How To Be Happy At Work:Employee Motivation
How To Increase Your Will Power

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  • http://www.personal-success-factors.com Steve-Personal Success Factors

    Mark, it’s great to be able to have read this article in conjunction with the last post at Pick the Brain: Why You Should NOT Be Your Own Boss. Taken together, the articles provide a really nice, balanced perspective on being an entrepeneur.

  • http://www.ideaswithakick.com Ideas With A Kick

    Hey Mark,

    I for one didn’t need convincing, but I think your 6 reasons are very convincing. I believe that even if it involves a lot of risks and compromises, if done properly and at the right moment, the benefits of becoming your own boss outweigh by far the costs.

    Eduard

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  • http://www.77successtraits.com Mark Foo – 77 Success Traits

    Hi Steve,

    Yes, Ali Hale provided some very good insights why self-employment and entrepreneurship may not be for everyone. And they also serve as good reminders of some of the pitfalls being your own boss. Anyone who’s thinking of becoming their own boss should really read that article.

    Cheers~

    Mark

  • http://www.77successtraits.com Mark Foo – 77 Success Traits

    Hi Eduard,

    I absolutely agree that the benefits of entrepreneurship certainly far outweighs the costs if done properly.

    Cheers~

    Mark

  • http://www.aliventures.com Ali Hale

    Mark, great piece, and I agree with Steve — it’s good to have a balanced view! (Actually, I love being my very own boss and I keep encouraging friends to quit their jobs and do likewise … but I wanted to tackle a slightly different angle in that last post.)

    I’m 100% with you on those six reasons. Thanks for being the yin to my yang. ;-)

  • http://www.bakerthebrand.com Baker

    I really resonate with this post. It was very insightful. I particularly like being in charge of my own income, and not worried about being fired. It’s a wonderful experience. Love this post!!!

  • http://www.anto-dwiharja.com anto

    Hi Mark and Everybody

    It was my dream to be my own boss when I just finished my study 6 years ago. Last year I found one great man who has convinced me that I really can be my own boss. He is Mr. Adam Khoo who has become a millionaire when he was 26 years old. I wish I could be a millionaire too at that age ha ha ha… But it’s not too late if I take action now, right?

    I just want to share with everybody here about Mr. Adam Khoo. You can read about him here http://tinyurl.com/ybcd638

    To your success

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  • http://enlightr.com/cloud Craig

    Fantastic post. Damn right you can’t get fired! :) Being my own boss has many advantages. It make take a bit of time gaining motivation to do my personal work related goals – but they all get done eventually.

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  • http://www.webtrafficpartners.com Chris Thomas

    Excellent Post. being your own boss takes a lot of self motivation. I started a company about three years ago and haven’t looked back. It’s an awesome feeling!

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    I stumbled upon this page and feel lucky, now. Wonderful information!

  • http://www.fawnmcmanigal.com Fawn

    Great article! Not that I needed convincing either, but the encouragement–for a green, and not in the money sense, entrepreneur–is greatly appreciated. I intend to review these six steps on days I feel discouraged. Thanks Mark!

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  • http://coachadvice.blogspot.com Guy Farmer

    Great ideas Mark. Starting my own business was a liberating endeavor. As you’ve described so well, there is a wonderful freedom coupled with the ability to make decisions that I really enjoy. I also get to do stuff I really love rather than doing stuff that brings me down or I am simply competent at completing. It’s a great feeling to be able to listen to your inner voice and create your own project around it. Fun.

    Take care,

    Guy

  • Tessa

    These are wonderful bits of productivity that will definitely assist me in the future offline. Amazing article. I have one good online application that will help me to do my daily exercises and it assists me to be my own boss. You can also check out this app. It will also to help individuals identify, set and achieve each individuals goals.

  • Tessa

    These are wonderful bits of productivity that will definitely assist me in the future offline. Amazing article. I have one good online application that will help me to do my daily exercises and it assists me to be my own boss. It will also to help individuals identify, set and achieve their goals You can also check out this app. http://itunes.apple.com/us/app/pocket-coach/id342949148?mt=8

  • http://www.avenstar.net Kim McGinnis

    Hi Mark, Great article!The economy will always have ups and downs. But no matter how positive you are and how hard you work working for someone else never offers the kind of security you think it does. It’s an illusion.

    You can do everything you can to avoid getting involved in the journey, but for the ones that take risks (out of a belief that they will win) and jump in into life, are the ones that are not only successful, but have fun and worry less. I recently read a great book by an entrepreneur named Andy Feld called “Wake Up! Your Life is Calling.”

    The way he has lived his life is a great example of that. I encourage all people to read about others’ successes, watch inspirational movies, listen to music that moves you and allow your senses to soak up as much positivity as it can. When you think, act and speak as those that have been wildly successful…. well, the apple won’t fall far from the tree.
    thanks for listening,
    Kim

  • http://www.andyfeld.net Andy Feld

    Great article Mark and thanks Kim for showing this to me. Happiness is really the game in life isn’t it? It is always different strokes for different folks and self employment is wonderful for many. Certainly if you are one who is continually upset, unchallenged, or underappreciated with your current job there is nothing quite like flying alone with your own busines. Whether you succeed or not the lessons will last a lifetime and there will be no more what ifs? I strongly support your comments. Andy

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