7 Great Reasons To Start Your Own Business

You’ve likely dreamed about a time when being your boss could really make sense. Or maybe you’ve just had an entrepreneurial idea burning in your heart.

startup

Well, as the economy drives back into action—with more resources, funding options, an increasing consumer demand and an eager workforce—there’s never been a better time.

Optimism among small business owners is increasing dramatically, reaching 98.1 in December 2014, the highest reading since February 2007, according to the National Federation of Independent Business.

But then it happens. Fear creeps into your mind. It whispers three things that kill your dreams. Every. Single. Year.

  1. I don’t know how
  2. I don’t have enough money
  3. I don’t have the time

These excuses have become the culprits of an average, mediocre, and dissatisfying life since the beginning of time. But I’m here to rescue you. To battle these horrible dream-killers and show you the seven great reasons that starting your own business is not nearly as scary or difficult as you might believe.

7. Increase Your Variety & Kill Your Boring Life

People crave variety. There is nothing natural or exciting about sitting behind a desk for 20, 30, or 40 years of your life. Uggh. I just cringe for those of you who do this…

Being an entrepreneur allows you to wear many different hats. You get to become an accountant, marketer, manager, writer, pitcher, designer, and researcher, etc. You have the freedom and opportunity to master new skills and become more mature in strange areas of life. But again, the fear creeps in, “I don’t know how to be an accountant…” (deep, mopey voice). I’ll speak to knowing how, below.

6. Knowing How To Start, Is Crazy Easy Now

If we lived in 1884 with no internet and limited access to books, I might agree with your argument here. But not knowing how, is more often a different way of saying, “I’m just lazy.” There are literally thousands of books and courses you can take to learn how to start your own business.

For example, here at StartupCamp.com (the site you’re on), we offer an incredible 12-month educational membership that’s helping thousands of entrepreneurs, prepare their idea, launch their business (within 5 months), and grow their dream to provide for their lifestyle by the end of the program. I’ve provided a short video below to explain fully.

5. Your Job Is NOT As Secure As You Think

Have you ever been laid off, demoted, or fired? If you have, you get this. With entrepreneurship, the security lies in the fact you are your boss. You run the show and don’t have to worry about the day someone better comes to replace you. And remember, if you have the entrepreneurial itch, you will never be truly happy working for someone else.

4. You Can Start Most Companies For Under $2,000

Startup costs also are lower today than ever before. “What an incredible time to start a business! The barriers to entry are slim, and costs are minimal,” says Diana Kander, entrepreneur-in-residence at the Ewing Marion Kauffman Foundation. “Now just a few dollars can get you started immediately.”

Furthermore, starting your own business is becoming a much better solution than getting a degree. I find it insane that people will take $100,000 in college debt, but they won’t take a $2,000 loan to start their own business.

Andrew J. Sherman, who teaches entrepreneurship and business at the University of Maryland says, “Most people can start their business today that would have never been possible 15 years ago,” thanks to advances such as smartphones, the web and social media, which have “really leveled the playing field,” “I’ve been at this for 30 years. I have seen startup costs go down each year. In the late ’90s, I remember seeing job quotes being submitted by companies for $5 million to $7 million just to have a website built.”

Holy crap!

In my experience, starting a business only requires a few hard expenses: Some basic legal (which can be completed on LegalZoom.com), a small budget for graphic design (maybe $250), a basic website ($500-1,000), and possibly a first batch of some hard goods ($500).

Furthermore, the vast amount of freelancers has made it much cheaper to get off the ground. You no longer have to hire 2-3 employees to launch the operations.

Here’s a book by my friend Chris Guillebeau titled “The $100 Startup” that might help you on your journey.

3. Good Business Ideas Are Everywhere

The truth is that 99 percent of businesses are old ideas that people make just a little better. We don’t need to pound our minds for the few items or tech or apps that people have yet to experience. Rather, we should scratch our own itch. Create better solutions to the problems in our everyday lives.

Take Nest for example, they took the boring thermostat and fire alarm in your home and reinvented it into a beautiful piece of art. And they only sold for a measly $3.2 billion to Google. No big deal.

2. Make Your Own Hours & Be Human Again

I’m not sure we were created to wake up, hop in a car for an arduous commute, sit a desk until lunch, return to your desk until 5 pm, hop back in our shaggin’ wagon, and be home for dinner. No.

Life is more fluid than this. We need freedom to be with our families, take care of our children, take spontaneous trips to a National Park, get stuck in a movie on Netflix at 2:43 pm, work until 3 am, sleep in when you need it and have room to be a good parent, spouse, and friend.

Starting your own business will allow this. Sure, you will still work 40-50 hours per week, but it will be on your schedule. This is how life was meant to be. Don’t get stuck in the mundane consistency of a repetitive work life. What a waste that would be.

1. Generate As Much Wealth As You’re Willing To Work For

Let’s be honest; this is probably the biggest reason people get into business for themselves. And that’s a good thing! You should want financial independence. However you define it – retirement stockpile, travel like a maniac, unlimited cash potential, no debt, being able to not think twice when asked if you want guacamole, or just having the money to buy what you want — entrepreneurship can allow you to achieve it.

And while it might not happen overnight, it will happen. Take my story for example; in 2003 I made $2,000/m owning my own business, in 2006 I made $4,500/m, in 2010 I made $12,000/m and in 2015 I make approximately $45,000/m. I have no debt, I own my home, and I don’t turn 30 until this coming April.

But the best part is you’re never limited. You can make as much as you can with the time you have. You don’t have to rely on impressing anyone to get a raise, you don’t have to answer to a boss on how you do it, and you don’t have to put your dreams on the back burner until you retire.

And if one thing still reigns true, it’s that money doesn’t buy happiness, but it does make finding happiness much easier.

So what’s holding you back? We’d love to have you in the StartupCamp.com community. If you have any questions on our educational memberships or just want to share your dream, you can email us here at support@startupcamp.com

Author

Dale Partridge
Dale Partridge is the Founder of StartupCamp.com. He's also a keynote speaker and author of the Wall Street Journal & USA Today Bestselling book People Over Profit.

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  1. Hello!

    I’m loving your posts. Honestly, not much for the motivational “do this & get rich” stuff but finding you come from a very authentic place & it really resinates with me – thanks!

    I’m a visual artist and creative content creator and since truly going out on my own just over a year ago, I’m finding the more I connect with my community the more business I bring in. It has it’s challenges, but I couldn’t go back to working for anyone else.

    Thank you!
    Jason

    Reply
    • Awesome! Thanks Jason. That’s my goal. The more we are useful to others, the more successful we are.

      Reply
  2. Amina Kane says:

    I am so glad I came across this site. I was so nervous about starting my own business, but reading this article gave me more confidence. I am ready and willing. Thanks for such great inspirational advice.

    Reply
  3. Brianna says:

    Dale! I am currently an employee with a strong desire to escape the trap! I have had so many dreams and ideas since I was a teenager but I have never fully executed any of them. I have let people kill my dreams, I’ve self sabotaged, and I have fallen victim to the hamster wheel. But that is not living. It wasn’t until May 2014 that I quit my corporate job and decided to go after the life I wanted… now I am an independent contractor for the real estate business, which just means I hopped off one wheel and on to another. I am classified as one of those people who has a million ideas per minute and I have a lot of skills (Jack of Many Trades) and people make it seem like I am crazy or like I can’t make up my mind. But the truth is I want a lot of things in life, I can do a lot. I don’t know how to narrow it down to one thing at a time, which should I do first, what is my actual purpose and not just something I am good at… do you see what I’m going through!?!? I’m desperate to live a purposed filled life. Jobs get extremely boring for me really fast, lack of desire and will power become an issue because I don’t want to pedal someone else’s business, I want my own. Where do I start? As it feels like I’m always drowning in my thoughts… thus never being able to focus on action.
    Brianna

    Reply
  4. Percia says:

    Hello Dale!
    I’d love to help you to extend the work you do with Senvenly to Brazil. Do you have any plan for that?
    It would be a pleasure start my own business by being your partner 🙂

    Reply
    • Thanks Percia! I am actually no longer with Sevenly as of April last year. I decided to work more toward my personal platform… and that is why you are able to contact me today! 🙂 Glad to have you!

      Reply
  5. I love #1 being rewarded for the work you do. As an educator for the past 32 years I always felt I was paying it forward by donating time and dollars to the kids in my class. I would do it all over again with a Plan B -:). But I am ready to be rewarded for the work I do and condensing work hours in order to keep the life balance I missed before. Thanks for the article, it validates all I have been thinking and feeling!
    http://msmith57.myrandf.com

    Reply
  6. Great post, Dale, you make some excellent points.

    I truly believe we have moved into the era of the entrepreneur. Technology and tools that were the exclusive reserve of the super-rich or the large corporation only 10 years ago are now available to the entrepreneur on a shoestring budget.

    Let’s make 2015 a year of record startup success!

    Congrats on the launch of your new site – very impressive.

    Reply
  7. Hey Dale,

    This is a great article! I love the site and also the reason why you made it! I can especially relate to no.7 and no.2 as I always felt that working for others was indeed really boring and I would rather word hard for myself than having to work hard for others. There is a minor issue in your article though, there needs to be a “http://” added in front of legalzoom.com if not the server would redirected into your own page thinking the web address is in your own page. I look forward to seeing more of your articles!

    Reply
  8. Taylor A. says:

    Love this article, as well as the new site! #2 really hit home with me, having two very young boys and my wife at home, I want to be there with them every day. Working towards making that a reality, slowly, but surely.

    Reply
  9. Congratulations on your new site! I love the daily positive and looking forward to watching the journey of this one too! Thanks for all your hard work and help 🙂 Here’s to the Best of the New Year!!!

    Reply
  10. Hi Dale,
    I had read a similar story you had published a few months back on your old site. I once was a very sucessful entrepreneur until the market crashed in 2008 leaving me almost homeless. I’m stuck in cubicle row and I don’t see myself doing this for the rest of my “career”. Taking into consideration what you had said in the past I decided to start another venture but this time I can work on the road and pursue my passion in photography. As you had said in the article above, it doesn’t take much capital to start a business and I only spent $2400~ to include all legal, equipment and marketing items. Use your network or 300+ friends on Facebook to market for you. For someone who had been kick to the curb so to speak can do it again, so can anyone that has a passion.

    Reply
  11. Love the new site. Glad you have enough to split from the other one. This year my word is FOCUS. I will focus on my blog, make more art, and write my fiction. I moved to working part time so I can give myself more time to concentrate on all of these.

    Reply

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