More and more graduates are stepping into the corporate world with the intention of embracing entrepreneurship. Students refuse to be corporate slaves anymore and given their proactive and dynamic nature, they’re more inclined starting their own business.
Being the owners of their own destiny, fills these students with a renewed level of empowerment about their future and despite many risks associated with new business startups; students are ready to accept them.
Starting a business is definitely an uphill task that poses both emotional and physical struggle for the entrepreneur. Uncertainty, doubt and anxiety together create a stressful situation for the individual. However, the question here that arises is why are so many company founders not hesitant to take this risk of failing in their venture both financially and in economic viability. Below are reasons why:
1. Destiny is in your Hands
Being the owner and the employee both, the entrepreneur enjoys freedom to control his own destiny and not be at the mercy of their dominating boss. You can steer your way in the direction you intend to go without unnecessary limitations and hurdles coming your way.
Your job is more secure when you’re on the path of self-help. While you work for someone else, you work in exchange of money where as doing your own business guarantees you definite results.
2. Proficient Skills at Early Stage
Being dependent on no one else except you makes you struggle and strive to achieve the best. Students who have started their own business gain command over certain skills that only come with experience and practical implementation.
Management and decision making skills are situation based and until you don’t find yourself in one you wouldn’t know how to exercise them. These skills will help you to save smartly while in college as you will have a steady income stream guaranteed.
3. Freedom of How, Where, When and with Whom?
When you are the initiator, influencer, decision maker and the whole and sole authority on how your business is run, you have the freedom to work as and when you feel appropriate, as per your convenience.
You do not need to follow strict office schedules or be pressurised by hanging deadlines on your head. This even allows you to strike the perfect balance between your personal and professional life.
Productivity is maximised as you work according to your mindset and you know what is best for you. Time is your most valuable resource and having the liberty to make the best of it is what guarantees success to budding entrepreneurs.
4. Flexibility of Location
You do not need to get fixed to one particular place if you have your own business. You can travel to places to gain exposure and explore opportunities and also derive inspiration. You can timely organise your meetings, sales pitch, marketing efforts and launches when you feel it is the best time.
Furthermore, with the ever-changing global scenario with high tech on the rise and the ease to work from home has certainly boosted home-based business and the income derived from them. Different environments give you an all new perspective to think and foster creativity.
5. Earn! Earn! Earn! All you Want
Being a founder of a startup first of all places you on a pedestal and provides you with numerous opportunities to open up ways to generate income. That being said, you are equally likely to incur a loss but that does not mean that you do not sign up for it.
You are self-motivated to drive your business towards success because of the fact that you are not limited and you have all the freedom to capitalise on your strengths the way you wish.
While being an employee you are fixed to a certain pay. Even if you get bonuses or pay raises they may not always be justified and your potential to earn will always remain untapped. Embracing the threats and opportunities that come along with entrepreneurship is what you need to do, to pave the way to success.