Starting a business is not an easy task. Many challenges come with this decision. For many people, however, the benefits of running a business greatly outweigh the difficulties. (thebalancesmb. com, 2020) Due to improvements in technology and enhanced support from banks, people are shifting their interests and choosing to become entrepreneurs rather than work for somebody else. (ielts69. com, n. d. ) People are deciding to start their own business to have more flexibility, independence, control, and the opportunity for innovation.
The first reason why a person might want to own a business is that starting a business gives more flexibility than working for a firm. It is especially significant for women who comprehend the lifestyle flexibility needed to grow a family and still have a prosperous career. According to the National Women's Business Council, there has been a rise in registering women-owned businesses, at a rate of about 21% per year. (American Express, 2019) However, women are not the only group who appreciates having a business. For Millennials and Generation Z or people at the age of near retirement, owning a business may give them the chance to keep them busy while not requiring the very rigorous schedule of a regular job. (Financial Executives International, 2019) Moreover, people who enjoy traveling also acknowledge the advantages of entrepreneurship. This type of employment allows them to work from any place in the world and gives them complete control and freedom of their chosen lifestyle.
The second important aspect of owning a company is that it can give independence and control. People savor the freedom of doing what they want to do, how they want it, and when they want it. A person can have control of the development process of the product or service to the level they think is most desirable. What is more, the habits and practices in the business work in a way an owner feels is the best way for them.
The third and final reason is that owning a business gives the opportunity for innovation. While working in a company, the ideas of lower-level employees are usually not acknowledged by the board. However, working for yourself gives opportunity to bring them to life. Most influential new concepts come from small enterprises owners that go out on their own when they cannot get support for their purposes in their current workplace. Many business idols began with an idea to change the world. People like Walt Disney and multibillionaires like Elon Musk, Mark Zuckerberg, Jeff Bezos, and Bill Gates are examples of entrepreneurs who used their idea to create something astonishing. All of them had small dreams that turned into enormous and profitable successes. Many of these entrepreneurs started these businesses from their garage, and now they are the most wealthy people in the entire world.
In conclusion, there are plenty of advantages of owning a business instead of working for one. The entrepreneur has more flexibility, independence, and control. This aspect is especially significant for women, younger generations, and older people. But also people who choose to not stay just in one place. Ownership of the company also allows innovations to start. Many of the present biggest companies would not exist if not thanks to entrepreneurship.
Starting a
business
is not an easy task.
Many
challenges
come
with this decision. For
many
people
,
however
, the benefits of running a
business
greatly
outweigh the difficulties. (
thebalancesmb
. com, 2020) Due to improvements in technology and enhanced support from banks,
people
are shifting their interests and choosing to become
entrepreneurs
rather
than work for somebody else. (ielts69.
com
, n. d.
)
People
are deciding to
start
their
own
business
to have more
flexibility
, independence,
control
, and the opportunity for innovation.
The
first
reason why a person might
want
to
own
a
business
is that starting a
business
gives
more
flexibility
than
working
for a firm. It is
especially
significant for women
who
comprehend the lifestyle
flexibility
needed to grow a family and
still
have a prosperous career. According to the National Women's
Business
Council, there has been a rise in registering women-
owned
businesses
, at a rate of about 21% per year. (American Express, 2019)
However
, women are not the
only
group
who
appreciates having a
business
. For Millennials and Generation Z or
people
at the age of near retirement,
owning
a
business
may
give
them the chance to
keep
them busy while not requiring the
very
rigorous schedule of a regular job. (Financial Executives International, 2019)
Moreover
,
people
who
enjoy traveling
also
acknowledge the advantages of entrepreneurship. This type of employment
allows
them to work from any place in the world and
gives
them complete
control
and freedom of their chosen lifestyle.
The second
important
aspect of
owning
a
company
is that it can
give
independence and
control
.
People
savor the freedom of doing what they
want
to do, how they
want
it, and when they
want
it. A person can have
control
of the development process of the product or service to the level they
think
is most desirable.
What is more
, the habits and practices in the
business
work in a way an owner feels is the best way for them.
The third and final reason is that
owning
a
business
gives
the opportunity for innovation. While
working
in a
company
, the
ideas
of lower-level employees are
usually
not acknowledged by the board.
However
,
working
for yourself
gives
opportunity to bring them to life. Most influential new concepts
come
from
small
enterprises owners that go out on their
own
when they cannot
get
support for their purposes in their
current
workplace.
Many
business
idols began with an
idea
to
change
the world.
People
like Walt Disney and
multibillionaires
like Elon Musk, Mark Zuckerberg, Jeff Bezos, and Bill Gates are examples of
entrepreneurs
who
used
their
idea
to create something astonishing. All of them had
small
dreams that turned into enormous and profitable successes.
Many
of these
entrepreneurs
started
these
businesses
from their garage, and
now
they are the most wealthy
people
in the entire world.
In conclusion
, there are
plenty
of advantages of
owning
a
business
instead
of
working
for one. The
entrepreneur
has more
flexibility
, independence, and
control
. This aspect is
especially
significant for women, younger generations, and older
people
.
But
also
people
who
choose to not stay
just
in one place. Ownership of the
company
also
allows
innovations to
start
.
Many
of the present biggest
companies
would not exist if not thanks to entrepreneurship.