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10 Reasons you should start your own business in 2023

2023 is here and if starting was one of your options for the new year, you better take action now as time is no longer on your hand. With the current changes in the job market, it is no secret that every person who depends on salary is feeling the heat of high cost of living and probably thinking of how to become your own boss in 2023.

Layoffs are also a possibility as most companies are restructuring in an effort to cut down on high costs of operation and also as a result of the ever-shrinking revenue most companies are experiencing.

10 Reasons you should start your own business in 2023

Here is 2020 and here are some of reasons why you should leave your current job and start your own business or a side hustle to supplement your earnings.

  1. It can be very Profitable

Being self employed is one of the best ways you determine what you earn. Unlike monthly salary that is defined, profits you earn from your business will entirely depend on how much profit your business is generating. With this in mind, you are assured that your efforts will be rewarded handsomely.

  1. You will learn more about yourself

Being self employed is an opportunity to explore and stretch your limits. Self-employment opens room for critical thinking. You also get freedom to practices and try new things. This way, you might end up discovering abilities you posses that you never knew.

  1. You can work from home

Depending on the nature of your business, you are free to work from the place of your choice and your home is an option. Most job opportunities in the tech world can easily be done at the comfort of your sitting room thus eliminating extra expenses of transport and shop rent.

  1. You get to be more creative
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The best way to explore your creativity is when you have room to do things for yourself. Self-employment gives you the opportunity to think critically and spend more time trying things by yourself. This way you will enhance your critical thinking and perfect your creativity.

  1. You get a feeling of accomplishment

Achieving something all knowing you did it yourself gives you a sense of pride and motivates you. This is the most satisfying feeling when you see it is all because of your efforts.

  1. No more job security scare

By the fact that you are your own boss, you pay yourself and the fear of loosing your job is out of the question. Having your own business gives you the financial freedom that most people trapped in their workplaces will never have.

  1. Your time counts

A majority of people who are employed scarified their time for money. Time is one of the most valuable assets that human beings have. When you discover this, you will never trade your time for money. You will know your worth and use all the time at your disposal to make the most out of the time you have.  When you are employed, your time belongs o your boss and the boss will make sure he gets the best out of you for the time he has hired you.

  1. You feel more confident

Knowing that you are the one in control gives you all the confidence you deserve. This gives you room to feel relaxed and have a clear vision. You also get quality time to make decisions. Your body feels relaxed knowing you have everything under control.

  1. You get a chance to give back to the society
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There is a greater chance for you to give back when you run your own business. You can start giving motivational talks in schools, donate time or even money to charity work rather than just subsidizing it.

When everyone benefits from the success of a business, nobody wants to see that venture fail. Therefore, the harder everyone works towards the same goal, the better you can all perform.

  1. You control your future

Your destiny is better under control when you know that you can plan for yourself. Running your own business helps you plan for the future and layout proper plans on how to achieve your goals over time.

Running a business gives you the freedom to control your destiny. You get to decide how you will do business, whom you will do business with, and when to work.

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Majira M

Keeping you in the loop. I write to share information that matter. From technology to business tips, I share information to inspire and educate