It’s Friday, and you’re just about to leave your office after an exhausting day.
‘If I leave now, I’ll make it just in time to catch the next showing of Black Widow at the cinema. I’ve waited for too long. I can’t miss it now.’
You think to yourself as you collect your things.
But suddenly, your boss comes up and asks you to submit the project that you were supposed to turn in next Monday.
You try to reason with him but to no avail. He says the orders came from the upper management.
And just like that, your weekend plans got ruined.
It’s during that moment that you start wishing you were self-employed.
Even if you love your job, the thought of being your own boss might have crossed your mind a few times.
But you didn’t act on it because you’re feeling nervous – what if things go wrong?
That’s a risk you should be willing to take if you want to break out of your comfort zone. And to help you do that, we’ve compiled a list of perks that may just convince you to start your own business empire.
1. Create Your Own Schedule
One of the most appealing benefits of being self-employed is that you’ll have greater control over your schedule.
It means you won’t have to show up at sharp 8 in the morning. You can set your own hours instead of following a strict timetable.
For instance, some prefer working in the morning as they feel they’re more productive during the day while others work better during the night.
With that said, failing to commit to work hours will affect your business’s productivity. It’ll also set the wrong example for your employees.
So, don’t take breaks just because you feel like it. Instead, try to keep a healthy work-life balance, and you’re guaranteed to witness outstanding results.
2. Do Things Your Way
Okay, let’s rip off the band-aid. People think that being your own boss means only doing things you’re passionate about. That’s not true.
Being a business owner, you’ll have to deal with things that you’ve always found loathsome. But you do have some control over how you deal with those things.
Take an example of the human resources (HR) department. If the managers leading that department are honest and trustworthy, they’ll handle most of the work, such as hiring and training employees.
You’ll only need to inspect the developments from the surface without delving deeper into them.
In this way, you can focus on other important matters of your business while the supervisors deal with the nitty-gritty of their departments.
3. Follow Your Instincts
One of the most significant disadvantages of working for another company is that usually, there’s no room to follow your instincts.
If the company has a direction, you have to follow it, regardless of whether you think it’ll prove beneficial or not.
But that’s not the case when you’re working for yourself.
Since you’re the boss, ultimately, making decisions rests in your hands. They could yield positive or negative results, but that’s not the point here.
The point is that you did what you felt right. And it’s truly a liberating feeling.
4. Change Your Employees’ Perspective
When Michael Gary Scott, the boss of Dunder Mifflin Inc., a paper manufacturing company, was asked whether he’d rather be feared or loved, he said:
‘Both. I want people to be afraid of how much they love me.’
Okay, he’s a fictional character from NBC’s ‘The Office,’ but his answer was befitting.
Being a boss, you’ll need to walk a fine line between being liked and respected.
Whenever people usually think of a boss, it’s an old, grumpy man who likes torturing his employees by piling up work on them.
Stay as far away as possible from the stereotype. You have to power to change that perspective through your behavior. And that’s one of the biggest advantages of being your own boss.
5. Reap Financial Rewards
If you’re not convinced by now, our last point is sure to win you over.
Running your own business means that you’re in control of your company’s financial situation.
Do you want to get paid more so you can go on a vacation to St. Tropez? Put in extra hours to make it happen.
Have your employees been working tirelessly on a project with you? Make sure to reward them for their hard work with a raise or promotion.
As long as you’re doing right by your employees and paying them what they deserve, no one can tell you how to spend your money.
The Bottom Line
Being your own boss is a stressful and demanding role. On some days, it’ll seem like you’re on top of the world, and on other days, you’ll feel your world crashing down.
But the key is to work consistently towards meeting your goals and remember why you started in the first place.
If you feel like you can benefit from professional guidance, we’re here to help you. Our experienced team consists of talented individuals who are passionate about helping you stand tall on your feet. After consulting with them, you won’t have to depend on anyone else but yourself.