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Updated by Sarah Santacroce on Sep 10, 2013
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Sarah Santacroce Sarah Santacroce
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Reasons why Everyone Should Run Their Own Business (at least for a while)

Listly by Sarah Santacroce

This is a list of reasons why everyone should run their own business at least for a while

Source: http://www.simplicityadmins.ch/2013/09/ownsmallbusiness/

8

You learn how to bootstrap:

You learn how to bootstrap:

every cent you spend is money that doesn’t go into your savings account. You understand that you need to spend sometimes to grow, but are making informed decisions when investing into your business

6

You learn the difference between nice to have & a given:

You learn the difference between nice to have & a given:

you experience that having paid vacation, a 13th salary or even a bonus at the end of the year is a luxury and not a given

3

You learn a great deal about responsibility & ownership:

You learn a great deal about responsibility & ownership:

If you take off 2 sick days, the work won’t get done.

7

You learn that it takes many skills to run a company:

You learn that it takes many skills to run a company:

You can be the greatest consultant, if your marketing or finance department sucks, the company is going to fail. Value them just as much as you value your own skills.

5

You learn that time is money:

You learn that time is money:

While corporate employees consider travel time to see clients as work hours, you know that you probably won’t be able to charge them for the 4 hours it takes to go see them.

4

You become more efficient:

You become more efficient:

If your time management is not optimal, you will fail your business.

2

You learn that all the corporate benefits are just what they are called: benefits & not rights:

As a small business owner no one gives you subsidized lunches, free coffees, healthcare, massages at lunch, daycare for your child etc

1

You understand what you are passionate about and what skills you need to improve

You understand what you are passionate about and what skills you need to improve

Running your own business requires effort in many areas of expertise that you may or may not have. Running your own business will help you understand what you enjoy about your work and highlight where you need assistance.