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2018-08-20 21:05:12Becoming Self EmployedEnglishHave you always wondered what it would be like to be self-employed? Whether it’s a simple side hustle, a brick and mortar store or a...https://quickbooks.intuit.com/au/resources/au_qrc/uploads/2018/08/iStock-629630528.jpghttps://quickbooks.intuit.com/au/resources/becoming-self-employed/7-reasons-to-start-a-small-business/7 Reasons To Start A Small Business | QuickBooks Australia

7 reasons to start a small business

2 min read

Have you always wondered what it would be like to be self-employed? Starting your own business is an exciting prospect. Whether it’s a simple side hustle, a brick and mortar store or a digital ecommerce business, working for yourself certainly has its perks. If you’re considering taking a leap into the world of small business, here are 7 reasons why you should.

1 You are the boss

Many people are attracted to the idea of small business, simply because they would love to be their own boss. Let’s be real, this is one of the best perks of being self-employed. You report only to you. No one is going to tell you want to do, micro-manage your workflow or take credit for your work.

2 Greater flexibility

There’s no guarantee that you’ll be working less hours running your own business, but there is more wiggle room. Early mark on a Friday? Go for it. A long lunch mid week? Why not. You also don’t have to wait for your boss to approve your holidays or time off – it’s now up to you.

3 Follow your passion

While many find their careers fulfilling, others find themselves wishing they could do what they really love between the hours of 9-5. Once you hand in your notice and start your adventure as a small business owner, you’ll finally get the chance to pursue your real passion every single day.

4 Increased earning potential

While initially you might be taking a pay cut to pursue your dreams, being a small business owner could actually increase your income long term. While many jobs are offered as a salary package or a capped bonus, there’s no limit to what you could earn, especially if your small business takes off.

5 Change lives

Everyone wants to do more than just spend their days earning a pay check. When you work for yourself, you’re intertwined with the heart and soul of your business. You get to see firsthand how your business is changing lives and your customers and followers will thank you personally.

6 Potential to upskill

There’s no denying that being a small business owner is hard work. Not only do you have to keep the business up and running, you have to find new customers and balance your own books. The upside? You’re constantly learning and upskilling for the future.  

7 Opportunity to create and innovate

No longer confined to a cubicle or 9-5 job, you now have the opportunity to create and innovate on your own terms. This is your chance to shine and do things a little bit differently. Your business can look, run and feel any way you want it to, which means you can call the shots.

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Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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