10 Reasons why you own your Business in an Economic Downturn

©Omokaro Efeobome. All Rights Reserved http://talk-about-wealth.blogspot.com and http://smallbusiness-wealth.blogspot.com

The idea of starting your own business in an economic downturn is not a bad idea but, you need
lot of courage and determination because, it’s not met for the faint-hearted people.

With the economy in a downturn in almost all the countries of the world, there is certainly a tremendous deal of uncertainty all over. Some folks are already reeling from being abruptly dismissed from a job that was bringing in a fair large income. Some despite been unhappy in their present job or position are afraid to even think of seeking for opportunities else were or start something they could call their own. Instead they cling desperately to these jobs and just have to forge ahead ready to face the uncertainty that the future holds.

Thus, don’t you think these are glaring reasons why you should be thinking or considering owning your own business or businesses or even boosting an existing one if you already have one? If byes,
Then, here are 10 reasons why owning your own business or businesses in an economic downturn is a grand idea.

1. Money comes to your hand on daily basis.

If you are running your own business, there is the tendency that money will begin to come to your hand on DAILY basis instead of waiting for a pay check.

2. You control your future

When you are working for someone, it’s the person that controls your future but when you are running your own business it’s your responsibility for you to determine your destiny and the success of it. It’s an enormous task but you can still succeed in your own business during RECESSION than to live in fear of the unknown.

3. The possibility of attaining your goal or objective.

Perfection comes through practice, starting your own business may be a beat stressful but once you have started and perfected the act of running your own business, you will be amaze with how easy it’s to attaining your goal through your personal business.

4. you will end the daily rush-hour commute.
Commuting to and from work can sometimes be very boring and stressful experience you know? Traveling during peak times when the roads and public transportation system are congested and crowed is not a good idea and it’s not the best way of starting your day neither for ending it. Thus, what about a 100s to 120s commute to your office at home? Think about it.

5. You can follow your passion.

Don’t say because you have bills to pay then you got to stick to the job that you are dissatisfied with, you can do something you like doing and passionate about and still get paid for doing it. You can even start the business on a part-time basis and later switch to full time if money is the problem of starting your own business.

6. You can write your own pay check.

Yes, your check is fixed when you are working for someone except for those who are commission salespersons, but if you own a business you are the one that decide your level of pay. It might not be that big at first but with time you will be amaze with what you can pay yourself.

7. You can decide where you want to workActually, this depends on the kind of work that you want to do or that you are doing or will do. But there are many occupations that allow you to choose where you want to work, for instance an individual with an internet-based business may decide taking advantage of a blissful day and work outdoor. Sometimes it really beats being stuck in a cubicle you know!.

8. You can choose your teamWhen you are working for someone the possibility of choosing who you want to work with is rare. So one great benefit of owning your business is that you choose who you want to work with. And also in a down economy there are lot of talent that you can scout, thus, it’s an opportunity for those who have their own business.

9. Setting your working hour.
One of the most difficult tasks you face when working for someone is time factor. But when you are working for yourself, you can choose your working hours, leisure time, the you spend with your kids which is very essential if have kids, care for elderly ones even pay visit to your love ones. When you are working for someone your time is control by the person.

10. Definiteness of purpose.
If you have set a goal, then it logically follows that you must take every step necessary for attaining the goal. You will do nothing and take no step that will take you away from the goal except you are not determining to succeed or you are the unserious type. You will learn to take important and smart decisions now that you are working for yourself.

Make a smart decision today.