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As I was reflecting during the weekend on the progress I have made so far since the decision i took to be self-employed. It has been over 2 years and I have never regretted making the decision to start my company
To be honest, I have had my fair share of challenges in my journey in business world and it hasn’t been easy. Entrepreneurship is not an easy thing to start but the end result is much worth it. It takes courage, desire, passion, decisiveness, determination and discipline.
Sometimes when I meet my friends and family, the most frequent question i usually get is why did I start a business rather than employment. My responses usually tend to offend some people whom are currently in employment but I always believe that I should share the knowledge that God has given me.
Don’t get me wrong, I have nothing against employment. But I have come to learn from Robert Kiyosaki that employment is a short term solution to a long term problem. But don’t take my word for it, just read the below reasons that helped me to decide to become an entrepreneur.
So what made me decide to choose self-employed over employment?
Asset – I have come to learnt that building a business is the smartest thing i have ever done because am building an asset in which I can transfer to my family.
Ownership – When building a business, I own everything I build under my company. However, an employee can work hard in building something in which they can’t never own. The worst thing is that the job can’t be pass or transfered to the family or children, but in business one can do that.
Control – The economy at the moment in the world is not favourable. Every time i read the newspaper, I tend to see retrenchment or downsizing in corporation. An employee can get fired at any time. Today we have Merges and Acquisitions when another company buys another company. So you could be a great employee but the Company which buys your Company can fire you.
Productivity – In employment, you can work overtime many times and try to be productive and in doing so you try to convince people to pay you 10 times more. Whereas in Business your productivity always pays off.
Ideas – Entreprenuers tend to get rewards from their businesses when they come up with ideas, but in employment the employees ideas are taken advantage by the corporation they work for and sometimes no one gets rewarded for it just a simple paycheck at the end of the month.
Skills – I have gained so much skills in business through interacting with many people. Whereas employment focuses on its employees doing one thing effectively.
Rewards – Last but not least, the journey in entrepreneurship leads to financial freedom whereas employment is based on pay check to pay check.
It’s true that you can also get many of these things from a job like skills, rewards, experience. However, if you want “financial freedom” in your life, business is the long term solution. In self-employment, you can have freedom to control your schedule on when to get to work, learning experience, doing what you love and passionate about, having fun while you are at it.
So do you want to be a passenger on a plane, or a captain of your own plane?
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