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Today, I’ll focus on reasons to open your own business. I’ll start with 5 reasons to start before quitting your day job, although there are so many more.

5 Reasons to Start Your Own Business (Before Quitting Your Day Job)

If you want to be an entrepreneur, go for it. That’s me, encouraging you—the very short version. I know (trust me, I do) that there are pluses and minuses when it comes to starting any journey in the start-up world. And no matter how many times you’ve heard it, this is very much how everything is in life, in general.

But today I’ll focus on reasons (the ‘pluses’, which, by the way, put together can always kick the ’minuses’) to open your own business. I’ll start with 5, although there are so many more.

Today, I’ll focus on reasons to open your own business. I’ll start with 5 reasons to start before quitting your day job, although there are so many more.

  1. Tax Benefits

OK, tax benefits vary from country to country, but usually entrepreneurs can take advantage of some sweet tax perks. It’s a pretty long list of expenses you can write off. Top of the list: travel, phone bills, (even) food, and so on, and so on. Certain start-ups also qualify for various incentives from local authorities or governments. But do your homework here, and study thoroughly the tax benefits your start-up brings along.

 

  1. Skills Upgrades

The ones you’ll have to learn, you’ll want to learn and those you’ll develop. I mastered quite a few areas that were not in my repertoire when I started my business: SEO, PR, pay-per-click, balancing budgets, working with spreadsheets, etc. It does take time, but it also pays off.

 

  1. Job Security

Well, if you’ve never been laid off or downsized or… lord knows what other term they found for it, you’ll probably think I’m joking, but a big reason is job security. After all, you are your own boss. Go figure.

 

  1. Financial Independence

This one is a bit connected to being your own boss: financial independence. It’s a big reason. Probably the biggest for myself, and for many others. It doesn’t necessarily mean that you’ll be incredibly rich, it’s about being in control and planning ahead, knowing for sure what your boss is thinking.

 

  1. Spare Time

And last, but not least: spare time. I’m crazy about my spare time. I particularly like the fact that I can choose when to take it. It won’t happen overnight, but you can easily master your working hours and… freedom.

 

So, will/did you take that leap of faith? Feel free to leave your opinion in the comments section.


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