Saturday, March 12, 2011

5 Top Arguments For Forming a New Business To Make Your Life Better

By Margie Ball

Running your own company is hard work. It is probably one of the most difficult things you can do. Your social life and career will have to be put on the back burner. You will most likely risk everything. So there must be some very good reasons why someone would want to start their own businesses. Here are our top five.

The ability to choose your own hours is the first big reason. If you have a family and commitments this is fantastic. You can do what is right and put you and your family first. Never worry again about facing a dressing down for being late. Running a business can give time to enjoy the good things in life. Otherwise, what is the point of running your own business? Do be aware on the other side of the spectrum, in emergencies or busy periods, a business is something that will dictate the hours you work.

The appeal of earning stack loads of cash is a big motivation for most people. Money doesn't buy happiness, but it does make things easier! Working for an employee you are capped to your salary. Even bonuses don't go far. If you make a success of your business you have the key to earn millions. Money is the biggest reason people start a new business.

There are a number of motivators according to Organisational Psychology. Some people are dedicated to success. They are after achievement. These kind of people tend to go further in business. The tell tale sign of a success driven person is an appetite that cannot be stopped.

Some business men and women have a company because of the image it creates for them. It's all about the suits, cars and meetings. They love being able to tell people they own their own company. Image can be a big motivating factor. Although it is worth considering, once the novelty wears off, what other reason does that person have for running a business?

Many people hate being told what to do. Even worse, being ordered by someone not up to their job. Have you ever worked for a boss like that? Therefore, one big motivating factor of starting your own business is the promise of being your own boss.

You need to think carefully of all the reasons not to start a company. The stress, the long hours, the responsibility. Running your own company isn't all fun and games. What happens if the novelty wears off for your choice? Always have more than one reason to start a business. If there are lots of good reasons for company formation, then what are you waiting for?

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