62% of Americans dream of owning their own business, but, most of the time, they never end up making this dream a reality. Uncertain economic times are one of the main reasons for this. Workers want stability and don’t feel that running a business offers this. However, this couldn’t be further from the truth. Here’s why now is a great time to follow your dream of starting a business.
Take Control of Your Work
The employment rate in the USA is recovering, with 467,000 new jobs added in the first month of 2022. However, this rate fluctuates all the time. In addition, pandemics, wars, and other factors can lead to redundancies when you least expect them. So why not make your own?
Naturally, running a business comes with a fair amount of risk. However, managing that risk is in your hands rather than someone else’s. If you’re wise and responsible, you can start to build a steady stream of work. This ultimately gives you more security than applying for a traditional job and being subject to the whims of an employer.
Do Some Truly Meaningful
In the past, work was little more than a way to earn a living. Most people didn’t choose what kind of work they did and just had to take what they could get. In the modern world, this is changing. The rise of digital nomad culture means that anyone can run an online business and pursue something truly meaningful.
What excites you and gets you out of bed in the morning? Maybe it’s handmaking a particular product, solving social and environmental issues, or improving people’s fitness levels. Whatever makes you passionate is a potential business opportunity. Only by starting your own company can you ensure that you’re working on something fulfilling every day.
Get Paid What You Deserve
The cost of living is rising, and salaries aren’t going up to match. That means that, in real terms, most people are getting poorer. Do you know who isn’t becoming poorer, though? The CEOs. They’re continuing to get richer and richer because they have control over how much they get paid. You could have this level of control too.
Head online and explore executive compensation packages. You’ll soon realize that being the head of a company gives you significant advantages over your employees. For example, you can take a much larger salary than you’d ever receive as someone else’s worker. Beyond this, there are some juicy insurance and retirement savings schemes to be taken advantage of.
Running a business doesn’t have to be a large, scary, or stressful venture. You can start a modestly sized business and slowly transition from traditional employment to freelance work. Over time, you’ll build confidence in your capabilities and begin to experience a sense of financial freedom and stability. Once you do, you’ll enjoy all the benefits of being a business owner.
