Business is risky. You need to invest money, time, effort, emotion and thought and the possibility to derive income is not assured. First of all, it is not that easy to procure the funds to start a business. You need capital and you raise the money through saving or getting a loan. So many people ask why do businessmen go into business or any enterprise like it and other people can just depend on their on their income in their work as employees.
Here are some reasons why you yourself should go into business or any other enterprising or entrepreneurial endeavours like your own tutorial services, licensure examination review centre and others:
In business, you can expand and you can do it with more flexibility than in working as an employee in your job. You have more control over increasing your income in business. Going into business gives you the ability to make your income greater and realise your dreams faster or at all. Being solely dependent on your wage as a worker will not enable you to raise the level of your total income.
Because you can make your income increase, you can build savings and do so in a faster way. Because you have savings, you can secure your future better. If you keep on depending on your salary as an employee, you cannot save more money and you cannot do it fast. With a business, you can secure a better future with savings, stable income and an increasing one at that.
With a higher income and the better ability to save to secure your future, you will also have happiness. Being able to do these, you will be happy. Moreover, doing business makes you happy because you are in something that you love. When you go into business, you sell products and do services which you are fond of. The work you do in your business is something that you do out of love. You love what you are doing and this makes you happy.
In business, you will meet many other people. Doing so will open you to more doors of opportunities. You will make many business friends. Many business people help among themselves. The network of people and opportunities will help you expand your business portfolio and increase your income and net worth. You just need to have the communication skills and use it to your advantage. But be reminded against taking advantage of others. You would not want it to happen to you so do not do it unto others.
Personal and Professional Advancement
As a business man, you do not only deal with financial and business operation matters. You also need to update yourself with the latest advancement in the industry or profession your business is in and in the latest updates in the business sector. Also, as the owner of the enterprise, you are your own boss and the manager of your workers. In these aspects, your personal qualities will develop more.
Going into business offers you the ability to increase your income. Having a business provides you with the financial security. Growing one can be a source of happiness in your life. With one, you start and develop connections with other people that open up yourself to more opportunities inside and outside of business. In all these, you improve yourself personally and professionally. It is not easy to go into business. Even those persons who have the natural talent of being an entrepreneur will be a faced with challenges and struggles. However, it is a venture that is worth the investment. Even losses are turned into gains.
I do not count failures as losses but as gaining experiences and learning lessons. These are what I bring to everything I do from my work as an auditor to my small accounting studies tutorial and accountant licensure examination review school to helping applicants to business schools write the personal statements required of them.