Today is a holiday in the United States. Does that mean that your usual Sunday night dread will be Monday night dread, an evening of tossing and turning as you think about returning to the office Tuesday morning?
If you have a job, you need to start a business. If you don’t have a job but want one, you need to start a business. Make your own job! Here are a whole bunch of reasons why you should get started building your own venture.
- Protect Yourself. Average job tenure in the US is about 4.5 years (see the Bureau of Labor Statistics report). If you are going to work a 40-year career, that means you will have anywhere from 8-11 jobs. Do you think it will be a smooth, full-employment experience every time? No, probably not. Even modest income from self-employment will be valuable when the payroll checks stop.
- Develop Skills. There is nothing like having to figure it out for the sake of your business to get your attention. Do it, or you fail. It’s that simple. Building a website, setting up a bookkeeping system, marketing, managing customer relationships – all are critical and may take you beyond what you do in your daily work as an employee.
- Build a Network. Take my word for it: you will meet people during your entrepreneurial activities you will never meet otherwise. These people could be customers, referrals, potential business partners, community leaders and others. The point is that your network will become more broad and diverse than it would by keeping your head down in your employee work experience.
- Give Yourself Hope. A tough day working for someone else doesn’t seem as bad when you have other things in your life (I know this firsthand). Having the hope that comes with activity and effort building your own success keeps things in perspective and a stern look from your boss will not ruin your day.
- Become Known for Something. Have you ever worked in a company or for a boss that gives no recognition? Does your supervisor take the credit? That will not happen when you are out creating a name and reputation for yourself. You do great things for your customers, they thank you, they pay you, and they send you referrals. That’s how it works. A phone call like this from your next customer feels so good (and maybe a lot better than the Employee of the Month award): “Hi, John Smith told me you did a great job for him and I would like you to help me, too.”
- Account for your Time. Many transition from employee to self-employed status and back again several times. Depending on the situation and the opportunity, traditional employment could make sense and you will want to take a job. Or, you could get laid off. It happens, even to the best people. Self-employment will allow you to fill in the time on your résumé and answer the question, “So, what have you been doing since you got laid off?”
- You Can Get Help. SCORE (visit www.SCORE.org) offers workshops and counseling to help you plan, launch and run a business. Even if you have no idea where to start, they do. If you have a skills or service you would like to offer, they will help you consider opportunities and risks and will coach you through business planning. Other resources include the Small Business Administration (www.SBA.gov) and many local services. Check with your public library, your city’s economic development office, or the local community college for available services.
- You Give Yourself Freedom. Do you want to express yourself and your values in your work? If so, you can do it when you own the business. Are there people with whom you don’t want to work? Fine, say no. Do you want to offer special discounts or do pro bono work for special groups or causes? Go for it! You can choose to incorporate and live your most closely held values through a business you own.
What reasons do you have for yourself? Why would you launch a new business? Think about it, internalize it, and make it happen. I would love to hear your motivations and stories in the comments below.