In the past, you could read why entrepreneurship is not for everyone. But things that keep some people awake at night make an entrepreneur’s heart beat faster.
1. Own Boss
When you run a business, there is no one above you. The boss? It is you. If you always know everything better and you like to decide your own course, then entrepreneurship is ideal. If you work in a business where they do not appreciate your own input, entrepreneurship can be a relief. Finally, you are no longer dependent on the approval of your leaders before you can carry out the ingenious idea. Even though you now have a profession where you are bound by many laws and regulations, it is nice if you can do business in a field where you have more freedom.
2. Organize your own time
No one will follow you with suspicion when you go to the gym between appointments, go for a walk or watch an episode of your favorite series. As an entrepreneur, you are flexible in organizing your own time. If you do it right, this will ensure a better work-life balance. Keep that balance in mind. It means planning realistically and getting your work done when you are in the best shape. Make sure you are as efficient as possible during your working hours, without distraction from your phone, email and social media. That way you get to do as much as possible and you can really do private things in your private time.
3. More job satisfaction
Self-employed people experience more job satisfaction. Research on job satisfaction shows that autonomy is an important factor in this regard: the extent to which you can give substance to your work. In addition to the freedom to organize your time yourself, it is, for example, about the way you do your work. As an entrepreneur, you have plenty of that autonomy. You must comply with the law and the agreements you make with your customers, but it is you who decides under what conditions you work.
4. Work where you want
As an entrepreneur, you often have freedom with regard to your workplace. You choose whether you work at a customer’s location, at home or in your favorite café. Many freelancers also choose to rent an office in a multi-company building or regularly book a flexible workplace. Depending on your field, to-do list or mood, you choose the workplace that suits you best.
5. Win time
The Dutch travel an average of about 22 kilometers to work. By car – without traffic jams – it will easily cost you forty minutes a day. If you work for yourself, you can choose to work from home. Or drive to your customer outside of rush hour to avoid traffic jams. You can then reinvest the time you save in your business or use it for a better work-life balance.
If you are an entrepreneur, your travel time for the tax authorities also counts as working time. Convenient to know if you want to use the hourly criterion for self-deduction, for example.
6. Earn more
Without an intermediary, such as an employer or a temp agency, there is more money left for you. You can also try to organize your work very efficiently so that you get as many euros as possible out of your time. For some professional groups, such as IT, freelance rates are even much higher than those in paid employment.
Note: the higher prices seem nice, but keep in mind that this is not a net profit. You will have to put a good deal of it aside. For example, to pay your taxes and because as an entrepreneur you have to build your own pension. If you are employed, your employer often pays part of your pension contribution. The cost of earning pensions is borne by entrepreneurs themselves. In addition, you must deal with entrepreneurial risks, such as incapacity for work or a period without tasks. To cover this, you need an insurance policy and a buffer.
7. Personal development
Your personal development takes a leap when you get started and you discover new talents. You can prove to be a marketing expert without being aware of it. Or do you really enjoy arranging your bookkeeping down to the smallest detail? As an entrepreneur, you need to be able to stand up for yourself and learn to negotiate. You also train your self-discipline, because if you can organize your time yourself, the distraction lurks.
As an entrepreneur, you manage your own affairs. You can, of course, outsource tasks, but you decide which ones are. You perform the best tasks and the tasks that you are really good at. You hire someone for work that you do not like or that takes too much time. Think of an accountant for your administration or a virtual assistant to answer your emails and your customer service.
You make your work as varied as you want. For example, if you are a gardener, you are not alone with your hands in the green. You also maintain your website and social media and you take care of purchasing materials. The tasks may vary. One day you build a beautiful pond, the next day you build a pergola and for another customer you make a comprehensive planting plan.
9. To work creatively
Entrepreneurship requires creativity. Whether you are already creative or not, entrepreneurship stimulates your creativity and problem-solving ability. What do you do when you suddenly get many more tasks than you can handle on your own? Or if there is not as much demand for your product or service as you thought? If you are an entrepreneur, you take on those kinds of challenges. If you can not win a customer in one way, you have to find another. And when market conditions change, you need to adjust your strategy.