Why would you Start a Business?

Business CoupleThere are as many reasons to start a Business as there are people in or attempting to be in Business.

Here are some of the most common reasons for people to start a Business.
Freedom and independence:
You are tired of the daily commute, the set lunch breaks, holiday restrictions, petty rules and regulations, the daily routine, being over supervised and undervalued. You want to live your own life in your own way and be free to work as and when you want.
Passion and creativity:
You have skills and knowledge in a certain area and are certain that you can use them to create something unique that will benefit not only yourself but others as well. You are good at your job and quite enjoy it but that is not what you really want to do with your life.
Opportunity:
You see a product or service that has the potential to fulfil a real need but it is currently unrecognised or under exploited. Or you have your own Product or invention that some market research has shown could be viable.
Unemployable:
You may be in your later years and just been made redundant, have outdated skills which are no longer relevant in the main stream of Business or, if you are like me, just too much of a rebel and want to do things your own way which makes employers feel uncomfortable. In this situation neither you nor your employer is likely to be happy. You think you would be happier going it alone.
Ambition:
You are good at your trade or profession and you believe that you could do better on your own rather than working for a Company.
Need:
You simply cannot earn enough money to pay all your bills and support your lifestyle. You are already working eighteen hour days and decide that if you are going to put this amount of effort into someone else’s business you would be better off putting the effort into your own business and keeping all the profits.
Greed:
You just want lots and lots of money for no particular reason other than to give yourself more power and influence.
I am not going to discuss the relative merits of the above reasons we will do that as time goes on, but I will say that the last reason is the worst possible one for starting a business and in the unlikely event that you should succeed any benefit that you may get will probably be short lived.
Feel free to comment on this post and discuss YOUR reasons for starting a Business.

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