Starting a business can seem like a scary and arduous task. Especially if you’re used to waking up at 7 in the morning, being at your desk by 9, and clocking out around 5. With such a daily structure, life can feel stable. Having a steady paycheck, and not having the success of the company you work for relying solely on you can be a comfortable routine.
However, if comfort, ease and predictability aren’t what drive you; you feel unchallenged or dissatisfied at your life, perhaps there’s something more for you.
Just like you, there are many people who didn’t feel like they fit in at a full-time job, working for someone else. Rather than giving in or giving up, they chose to go the exhilarating (and often unpredictable) route of becoming an entrepreneur instead.
Why Start a Business?
There are many reasons why the idea of starting a small business is attractive to people. Here are some of the top ones reported by entrepreneurs across the nation.
1. Entrepreneurs can work for themselves. In a worldwide survey, it was discovered that the biggest motivator for Americans to become entrepreneurs is the fact that they can be their own boss. According to CBS News’ Mark Hendricks, this is because the United States is a place where “individual freedom is highly prized.” Thus, people would rather be independent workers, looking after themselves, instead of being observed by higher-ups.
2. Entrepreneurs want to be more hands on. According to a survey from Cox Business, a reason why employees decide that starting a small business is right for them is the fact that they can build something from scratch. When you’re on your own, you feel a sense of satisfaction when you accomplish something. If you don’t meet your quarterly earnings goal at your small business, it falls on you. However, if you figure out how you can save money every month on your important expenses, you’ll feel like a million dollars. Working at a company, on the other hand, is a group effort, and you may feel like just another cog in the machine.
3. Entrepreneurs want more money. Money is another factor in employees’ decisions to take on a new career as an entrepreneur. Perhaps a person’s current job doesn’t pay enough, or he or she started a side business that suddenly became lucrative and required more time than he or she thought it would. The job that seems like it will pay a better salary almost always wins out over the lower-paying one.
4. Entrepreneurs want to take on additional roles. Small business owners don’t fit into one job description. They are multi-talented and don’t want to be pigeon-holed as an accountant, data entry clerk, or human resources manager. According to Chron.com and More Business, an entrepreneur believes he or she knows how a business should be run, and “this motivates the entrepreneur to start his own business and get directly involved.” Instead of hitting their head against the wall when their boss makes a mistake, they can take charge and do it their own way.
Starting a Business on Your Own
If any of the above reasons apply to you or if you have your own motivations for going into business on your own, there are plenty of resources that can help you find the best startup ideas, make a plan, choose a business name or choose a business structure. Remember: opening a business isn’t easy, but if you’re truly passionate about it, there’s no time like the present.
Whether you’re interested in starting an online business or a brick-and-mortar company, LegalZoom can help you choose the right business structure, serve as your company’s registered agent, get the business licenses you need, and more.