Why Should You Start Your Own Business?
Have you been thinking about starting your own business
? Perhaps you have a new product or service you want to introduce, an idea about how to do something better or faster, or you've reached a point in your life where you want to have more control over your own future. Most likely, it is a combination of these and then some.
Like any significant life decision, it should be made thoughtfully. There are risks and rewards to any decision.
Reward
There are many benefits to owning your own business. Namely, you are the boss.
Have you ever made a decision that a colleague didn't agree with? Perhaps he or she threw out a snide comment, such as "Fine, you're the boss." Well, guess what? Once you start your own business that comment is exactly right; you ARE the boss! How cool is that?
As the boss, you get to make the decisions, which can include the following:
1. You choose the direction of your company. You have the ability to decide what your goals and objectives are and what you want your company to stand for. Many business owners choose to give back to the community through charitable contributions or volunteer activities.
2. You set the hours and the work days. 9am to 5pm, Monday through Friday, or noon to 8pm, Sunday through Thursday... whatever works the best for you, your family and your schedule.
3. You establish the company culture. From fast-paced to slow and steady, casual dress code or business professional, family-oriented or career-minded... it's your choice.
4. You decide how to spend your hard-earned money. Choose to reinvest it in your business, sign up for a leadership class, donate it to a cause you believe in, set aside a college fund, or take a vacation!
5. You determine who you want to work with. As the boss, the hiring and firing decisions are yours to make.
6. And lastly, you have the right to take pride in a concept you believe in and a company you built from the ground up.
That's right, you're the boss, and it's your call!
Risk
Whoa, wait a minute! If you're the boss and you have to make all of the decisions, that means you not only reap the rewards but take all the risk as well. You alone are responsible for the return on your investment, and making sure there is one.
Relax
Yes, there are a lot of decisions that you have to make. However, many of these decisions can and should be fun and exciting! Choosing the name of your business, designing the logo and letterhead, choosing the color scheme, and selecting the location and the clientele, and let's not forget the ability to set your own hours and pace.
Those decisions that aren't so fun to make, such as how to legally and financially structure your business, do not have to be yours alone. Here's a tip from those who have been down this path before: Don't reinvent the wheel. Don't stress about the legal or financial considerations of moving your business along the path from ideation, to formation and business planning to initial capitalization.
There are knowledgeable and experienced lawyers that can guide you down this path, and ensure that you start off your business on the right foot. Make the investment in wise and trustworthy legal advice today to help solidly establish a strong business for tomorrow.
When choosing your legal guide, select one who is as passionate as you are about your business and dedicated to upholding the standards you set. Of course, as the business owner, you have a vested interest in the legalities and finances of your business. Stay involved with the process, weigh in with opinions, ask questions, and keep abreast of the progress along the way. Just don't let the daily minutia bog you down.
Rejoice
If you have made the decision to go ahead and start your own business, good for you! You have joined an elite group of individuals who have the vision, skill and confidence to forge your own path in the world!
Remember
You're not in it alone. When you're ready to take the next step, remember that an experienced law firm can help you with many other legal business needs as you progress past the initial capitalization process. They can assist with matters such as employment agreements, public company disclosure reports, restructuring, tax planning and joint ventures.
by: saliterman
Constructing A Web Site For Your Work At Home Business When You Need A Local Job Market Your Business For Free: Viral Marketing Search Address By Phone Number To Find Business Contacts Generating More Leads For Business And Freelance Work Various Aspects Of Conducting Business In The Modern Way Ecommerce Development Needs For Making Your Business Versatile Business Promotional Videos Essential For Creating Brand Image Take Your Business To A Further Level With Server Monitor Uptime 5 Must Have Traits For Your Home Business Success Website Performance Do You Realize How Critical It Is For Your Online Business? Check By Phone A Payment Method That Can Be Used By Most Of The Business Users Small Business Logo Design Process And Logo Design & Brand Identity Information Of Lithuanian Trade, Taxation, Tariffs And Vats For Businesses