Whether you’re a father, husband, or single man, you probably feel external and internal pressures to be successful. This fear and pressure can hold you back from reaching your full potential.
Many of us have great ideas or aspirations for starting a business. As an entrepreneur, you may have to put your personal finances on the line and work long hours. These stresses alone can make you second guess your desire to put it all out there.
Well, rethink the risk and reevaluate your fears. Our world would be a different place if Elisha Otis, a doll maker, hadn’t decided to put himself out there in 1853 and debut the elevator at the World’s Fair. Imagine if Henry Ford had been too afraid to invent and produce the Model T on an assembly line.
Instead of being afraid to fail, adopt a fear that the world may never know how much your business has to offer.
1. The Risk Can Be Worth the Reward
While there are only 2,208 billionaires in the world, you can still become quite financially successful running your own business. While, at first, a business may cost you a decent chunk of change, you can always recruit investors and the longterm potential and far exceed a standard career. The average salary for a business owner last year was $59,000.
2. It’s OK to Start Small
When you start off, you don’t have own the building and vehicles your business uses. There are great commercial office and storefronts available for rent. You can even rent a vehicle or fleet of vehicles so you don’t have to pay upfront for a truck or van. Renting vehicles also comes with many benefits.
3. Creating a Business from Scratch is an Amazing Feat
Entrepreneurs are some of the most respected people in America. Even some of the biggest business you use daily started small and their owners are renown for their hard work and dedication. John Paul DeJoria, co-founder of Patron and Paul Mitchel hair products, started Paul Mitchell with just $700 in cash.
4. Your Business Can Be Passed Down
You may or may not have children, now, but when a child grows up with a parent that owns a business, they learn the passion and hard work that it takes to be successful. And if your child expresses the same passion you have for your industry, you can pass down the business for your child or children to take over.
5. With Age Comes Wisdom: You’re Never Too Late to the Game
While many people worry they’re too young to start a business, many people believe they may be too seasoned to start one too. This is not true. A study from M.I.T. found that most successful entrepreneurs are middle-aged.
6. You Can Pursue Your Passion
Unless you just live for punching the time clock, starting a business can help you dive deeper into your passion. Whether it’s woodworking or HVAC services, you can do what you love. And most importantly, you can share your skill and dedication with appreciative customers.
7. Imperfection is OK
Maybe you’re not a mathematician. Maybe logistics escape you. That’s ok. There are people for that. One thing about doing what you love is that you can find a crew of employees, businesses, and contractors to support you with the rest. You can even learn some of those skills along the way.
8. You Can Create Your Own Ideal Workplace Environment
Think back to your first job. Where was it? In a neon-streaked bowling alley or a dank, buttery movie theater? Now imagine where you would love to work. You can create that environment. It’s always important to provide better working conditions than those you may have experienced. Owning a business gives you that opportunity.
9. Help Your Community
Speaking of making the world a better place. Businesses create jobs. Job stimulate the local economy. A stimulated local economy generates more jobs and taxes to improves schools, roads, and public services.
And once your company becomes successful, you can give back to your community through charities that make a difference.
You can make your community, and the world, a better place to live.
10. Surround Yourself with People You Enjoy
And when it comes to jobs you can create. You select who fill those positions. You can give a promising young person a leg up or surround yourself with wise old men and women who may have the knowledge to share about your craft.
It’s natural to be hesitant to begin a new endeavor in life. But think about what your life would be like if you never discovered the potential you have to offer the business world. Lose the fear. Be bold. Turn your dreams into reality. Share your gifts, your ideas, and your aspirations with the world.
This content is sponsored by Suhail Ajamal.