Starting your own business is very exciting, however the truth is, entrepreneurship is hard — it’s hard as s**t.
There are no shortcuts or magic formulas to make piles of cash appear in your bank account overnight. You have to work ridiculously hard and anyone telling you different is trying to sell you something.
However there is 3 benefits about being your own boss that I love and ultimately the reason why I became and entrepreneur.
1. No cap on your income.
Most people don’t get into entrepreneurship to make the same income they made at their day job. Unlike what happens most day jobs, there is no limit to how much you can earn. If you want to make $100,000 a year, you can do that. If you want to earn a million $ year, or even $10 million, those are within the realm of possibility, too.
There is no one there to tell you “no.” No boss to beg for a raise. No performance review to pass that determines how much you’ll get. Your income is tied to your success — and nothing else.
2. Excitement about your work.
How excited are you to wake up on Monday morning? For most, Mondays are grueling because they start a new week. But for most entrepreneurs, Monday mornings are celebrated because work is exciting! I love the challenges that present themselves to me each week because they are my challenges — not my boss’s.
3. Flexibility to enjoy time off.
Yes, entrepreneurs work a lot. I’ve often heard it said that an entrepreneur is someone who works 100 hours a week to avoid working 40. While this may be true, the difference lies in the flexibility available.
Entrepreneurs can work when they want, how they want, where they want. If they want to work 100 hours per week, they’ve chosen to do so.
There is no “time off request form” you’ll need signed from four supervisors in order to take off time for your mom’s 80th birthday party. When you come down with the flu, no one is looking down on you wondering if you are “really that sick.” Your time is your own, and you alone decide how to spend it.