First advantage is the biggest: You can make your own schedule!! You don’t know how nice it is to be able to pick up and go on a 3 day vacation without answering to anyone or hoping you have enough vacation time at your job! Second advantage is the tax write-offs! You can write off dining out, mileage and a whole slew of other expenses the average joe paycheck to paycheck, working for the man person can’t! Third benefit is at the end of the day the money is all yours! You’re not working your butt off for a company and seeing a fraction of a percentage of that money coming back to you in your paycheck! Fourth, you can actually make a whole lot more money than what you are now! Wouldn’t it be nice to know that a big deal could net you thousands of dollars where at your work the best thing you have to look forward to is your Christmas bonus! I say go for it!!!!!!!
Everyone’s different. You have to decide for yourself. Here are my favs:
1) You control your income. There are no limits both positive and negative.
2) You control your schedule. Both what forwards and may not forward your business.
3) You work for your vision, not someone elses.
4) You are detached from the 9 to 5 mindset that many employees have. There is more to life in my opinion.
*Note that you can perceive things this way when working for someone if you choose. It is really up to you the outlook you have day by day if you are working for someone else or if you are an entrepreneur.
There is a lot more than four advantages, some of them are
1) There is no cap on your salary
2) You are paid in direct proportion to the amount of work you do.
3) You quickly increase your net worth
4) You build residual income-something not possible in the work force
5) Your time is your own
6) You create leverage, so your business can earn even when you can’t be there
7) You get education on business while you work- usually comes with a mentor and team of trainers
8) You can work in your jammies or you can go out and do presentations, whichever works for you
9) Entrepreneurs are always open to another stream of income and don’t subscribe to the 45 year plan, where you start working at 20 for someone else, do as they say, when they say, retire at 65 with barely enough money to make ends meet and rely on the Government to carry you through….keeping in mind that most people don’t retire with enough, and when health issues creep up, they spend all their income on meds! Those are not issues for entrepreneurs.
You get flexibility to be able to do the non work related things in life, especially good if you have a family.
You have something to show for yourself once all is said and done. Not too many people will be able to list starting and maintaining a successful business as things they accomplished in their lifetimes, this can even be passed to your children.
Some individuals and companies like to do business with small business. They don’t like to support the “big guys” as money spent at a small business is more likely to stay in the community rather than shipped off to the corporate office in some other state.
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4 Responses to What are four advantages of being an entrepreneur?
First advantage is the biggest: You can make your own schedule!! You don’t know how nice it is to be able to pick up and go on a 3 day vacation without answering to anyone or hoping you have enough vacation time at your job! Second advantage is the tax write-offs! You can write off dining out, mileage and a whole slew of other expenses the average joe paycheck to paycheck, working for the man person can’t! Third benefit is at the end of the day the money is all yours! You’re not working your butt off for a company and seeing a fraction of a percentage of that money coming back to you in your paycheck! Fourth, you can actually make a whole lot more money than what you are now! Wouldn’t it be nice to know that a big deal could net you thousands of dollars where at your work the best thing you have to look forward to is your Christmas bonus! I say go for it!!!!!!!
Everyone’s different. You have to decide for yourself. Here are my favs:
1) You control your income. There are no limits both positive and negative.
2) You control your schedule. Both what forwards and may not forward your business.
3) You work for your vision, not someone elses.
4) You are detached from the 9 to 5 mindset that many employees have. There is more to life in my opinion.
*Note that you can perceive things this way when working for someone if you choose. It is really up to you the outlook you have day by day if you are working for someone else or if you are an entrepreneur.
There is a lot more than four advantages, some of them are
1) There is no cap on your salary
2) You are paid in direct proportion to the amount of work you do.
3) You quickly increase your net worth
4) You build residual income-something not possible in the work force
5) Your time is your own
6) You create leverage, so your business can earn even when you can’t be there
7) You get education on business while you work- usually comes with a mentor and team of trainers
8) You can work in your jammies or you can go out and do presentations, whichever works for you
9) Entrepreneurs are always open to another stream of income and don’t subscribe to the 45 year plan, where you start working at 20 for someone else, do as they say, when they say, retire at 65 with barely enough money to make ends meet and rely on the Government to carry you through….keeping in mind that most people don’t retire with enough, and when health issues creep up, they spend all their income on meds! Those are not issues for entrepreneurs.
Good answers so far. Here’s mine.
You are controlling your own destiny.
You get flexibility to be able to do the non work related things in life, especially good if you have a family.
You have something to show for yourself once all is said and done. Not too many people will be able to list starting and maintaining a successful business as things they accomplished in their lifetimes, this can even be passed to your children.
Some individuals and companies like to do business with small business. They don’t like to support the “big guys” as money spent at a small business is more likely to stay in the community rather than shipped off to the corporate office in some other state.