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2018-03-22 20:24:09 Starting a New Business English Ready to take a leap of faith and enter the wonderful world of small business? You’re not alone. Many people talk about the hard truths... https://dprotksf3n5y8.cloudfront.net/wp-content/uploads/2018/03/22200937/iStock-624700110.jpg Running your own business Best 8 Things About Running Your Own Business | QuickBooks Australia

The best 8 things about running your own business

2 min read

Ready to take a leap of faith and enter the wonderful world of small business? You’re not alone. There are millions of small businesses registered in Australia and the number is only increasing. While it takes courage to step out on your own, the benefits are undeniable. Many people talk about the hard truths of running your own business, but there’s also a very real upside to pursuing your own dreams.

1 You’re the boss

Finally, you’re the boss. The founder, the CEO, the creator of your very own small business. It may not seem like a big deal at first, but the truth is, this title never gets old. The big decisions? They’re all yours. You have control of the ship and can steer it in any direction you desire.

2 Enjoy flexibility

Need to work from home? Got an appointment in the afternoon? You’re the boss – you can call the shots. Running your own business often comes with long hours, but the plus side is you have all the flexibility in the world.

Man with laptop sitting at the beach

3 Revel in the variety

Multi-tasking is key when starting your own business, especially at the beginning. You may have to wear many hats, but the benefit is the constant variety. You will never get bored because no two days will ever be the same.

4 Always learn and grow

Gone are the days when you clock in and clock out after doing the same monotonous tasks for 8 hours. When you’re running your own business, you’re always learning and growing. You’ll be going from strength to strength as you upskill along the way.

5 Experience true fulfilment

Instead of helping to grow other people’s dreams and bank accounts, you’ll be truly aligned with your business goals. Experience real fulfilment as you watch your dreams come to life. Each and every day, you’ll be championing your own ideas and that’s worth more than dollars.

Group of young people around a table working together

6 Surround yourself with the right people

Say goodbye to getting stuck with an unlikeable co-worker, now you have the hiring power. You can make sure you are surrounded by the right people, who are truly aligned with your business goals. Make sure you always hire talented people who can help you take the business to the next level.

7 Love the fast pace

Remember those days when you would have to wait days, weeks, months for an idea or plan to be approved? Not anymore. Now you can make big decisions on the spot. This means your business can be agile, flexible and proactive. You can try and test new ideas at the drop of hat and make it to your end goal faster.

8 Reap the rewards

From the smallest sale to the biggest win, being the boss means you reap the rewards. When the business does well, you do well. When you win a new client, it means more great things for you personally, not just the business.

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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