Anytime we’re exposed to a new territory, it can be intimidating. Its like being a kid all over again, and entering a playground that you’ve never been to before. This intimidation factor is not any different when starting your own business. The fear of failure, start up costs, finding business, and many other reasons that come to your mind.

Despite a long list of discouraging reasons for not starting a business, the list for starting a business is equally as long. The time for starting a business is always now, and the longer you prolong starting your business, the more you will wish that you started it earlier when you finally get going in your business.

I currently work a regular job, and have two of my own businesses that I run on the side. My days are full, but I still have plenty of time for my friends and family. As one who put off the idea of starting my own business for far too long, I thought it might be helpful to outline for you some of the best reasons that I see why now is a great time for starting your own business.

Income Without a Second Job

Lets put things into perspective – you will never be motivated working for someone else as you will be working for your self. There are many part-time jobs available, but it could be months before you finally land one. Valuable time will pass you by, which you can put towards starting and growing your business.

Starting your own business allows you to generate more income for yourself without having to send out resumes, fill out applications, and attend interviews. And the best part will be that you can set your own hours, proceed at your own pace, and never have to worry about having another boss.

Strong Job Security

When you’re the boss, the only person that can fire you is you yourself. Starting your own business now can also provide a safety net, or a hedge, against this struggling economy.Back in 2009, I took a 20% pay cut in order to keep my job. It was a scary moment, and one that has lead me into starting multiple businesses in order to bring in more money and security as well.

Today, with my two side businesses producing consistent incomes, this fear is gone from my mind. Sure, I‘d have some rough moments if I were to lost that job tomorrow, but it would be a lot worse had I not had these other sources of income.

Anything Is Possible

We all have a fear of something. Most people have a fear of heights, and fear of snakes. I’m afraid of both. Intimidation comes second to fear, especially when starting a business. You wonder, ‘How will I take on those in my industry who have been around for a lot longer than me?’. But guess what? Fear and intimidation can be overcome.

Everyone can overcome their fears and intimidation if faced head on. We all carry a unique talent that is unique to us. We all perform similar tasks, but everyone does it differently. That’s something that you should never forget. You are unique, and you don’t need to go invent new products or services. Instead find something you’re good at, do it, and ensure you do it differently and better than those who are already doing it. That’s what will make you stand out from the rest.

Final Thoughts

Anytime someone asks me why I’m a business owner, my answer is plan and simple – I enjoy seeing something develop from start to finish. I’m fortunate enough to see a business go from start up, and grow along the way into a profitable venture. I enjoy being part of the different stages of business ownership. I enjoy the touch, feel, emotions, and sometimes smell of business growth.

Readers, what’s holding you back from starting your own business?

Eddie

Photo Credit (jkunz, artnoose)