subject: 5 Important Reasons For Forming a New Company To Make Your Life Complete [print this page] 5 Important Reasons For Forming a New Company To Make Your Life Complete
Running your own business is not without the hard parts. It is probably one of the most difficult things you can do. You will have to sacrifice your career and social life. You will most likely put everything on the line, at the risk of losing it all. So thinking about it, what are the reasons for starting a business? Here are our favourite five. The ability to choose your own hours is the first big reason. For those with a family and busy social life, this is perfect. Life commitments can even come first. Never worry again about facing a dressing down for being late. Running your own business can give you the flexibility to spend more time with family and concentrate on what makes you happy. Otherwise there is no point in choosing to run a business. Do consider business can also take up all your time. The appeal of earning stack loads of cash is a big motivation for most people. While money isn't everything in life, it does make it easier! Working for an employee you are capped to your salary. Even if you have the promise of bonuses, they can be limited. 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. Thus some people start a business purely because they are driven and want to achieve things. 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. There are people that start a business purely for the image and lifestyle. The suits, the meetings. They love telling people they own their own company. Image drives people to run a business. Interesting though, is what happens when the novelty wears off. A lot of people loathe being told what to do. Even worse by someone that isn't fit to do that job. How many bosses fit this description?! 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. Think about the responsibility and the mega stress. Starting your own business is not all plain sailing. The other thing to consider as above- what happens if the novelty of a reason suddenly wears off? Always have more than one reason to start a business. If there are more good reasons than bad, then it's perhaps time to start thinking about a company formation.
