3 Reasons to Start Your Own Business (+ Tips for Doing it Right)

I am 26 years old and I have a solid career path. I work with a great team and I make a comfortable living.

However, I recently started dabbling in a side venture to start my own business—and the pieces are actually starting to fall into place. (Cue a self-pat on the back and applause).

I’ve realized that to stay where I am, while also pursuing my entrepreneurial dreams, I have to become two people: one who is currently successful with a great job, and another who follows a very strict plan with deadlines, goals, to-do lists, and more to make my “freedom plan” a success. It certainly isn’t easy!

Some 600,000 new businesses are founded each year. So, there must be some reason WHY all of those people prefer owning a small business as opposed to working as an employee for a larger corporation.

Some 600,000 new businesses are founded each year. So, there must be some reason WHY all of those people prefer owning a small business as opposed to working as an employee for a larger corporation. What follows are my personal motivators for striking out on my entrepreneurial path:

It’s a Challenge

I’m not one of those people who can thrive on performing the same mundane tasks, day in and day out. I crave adventure, excitement and learning new things.

My new venture is providing me with the opportunities to be creative, learn something new and challenge myself. In the short lifespan of EELECTRIK marketing (yep, that’s my new challenge!) I’ve learned about taxes, accounting, contracting, and a multitude of other things that go into running a business—and I’m absolutely fascinated!

Starting your own business requires extra time to learn a variety of tasks you may not have needed before when working in an office. Embrace the challenge, but know when to ask for help. Enlist in financially savvy friends or consultants and be willing to collaborate to make the learning curve a bit easier

It’s a Passion

Yes, I may be logging 12-, 13-, 14-hour days, but those extra hours that I’m investing in my business don’t feel like work (at least not all the time). I’m actually having fun while I’m doing it! You’re going to spend more time working than anything else you ever do, so why not make a conscious choice to spend it doing something you love?

I come from a long line of entrepreneurs in my family, so foe me, it seemed to be in my blood. Finding a role model or mentor to look up to can help ignite your passion.

The extra work it takes to launch your own endeavor will be worth it if your heart is behind it.

Discovering your passion is key, whether you’re striking out on your own or seeking a new career path. The extra work it takes to launch your own endeavor will be worth it if your heart is behind it.

Remember Work/Life Balance

My favorite thing about working remotely and putting the pieces together for my marketing company is the flexibility that it provides. I can work from almost anywhere—so long as I have an internet connection. I can set my own hours, I can spend the whole day working with my lovable pup on my lap or if I decide I don’t want to wear pants that day, screw it! (Because pants are the worst, am I right!?)

But because of this flexibility, it can also be hard to balance work time and play time. I made a list of all the things that I do in a given week and really thought hard about which ones I should keep doing. Examine what to let go of, or see if there is a chance to dial back a bit, even just temporarily.

If you’re starting your new business while still working full-time, see what you’re willing to give up on the side to make it all work. In the beginning, I found making extra time before and after a traditional job was a better way to go, instead of just axing my job to give me the time I needed to work on EELECTRIK marketing.

It’s a Pride Thing

When I decided to take the plunge and build my own company, I realized I’m waking up every day to accomplish my goals, and my dreams—not somebody else’s. I love to talk about what I do, sharing my passion and story with others. Be proud of what you can- and will- create!

Should you go about quitting your job, quitting school or any other commitments that might be preventing you from doing that thing that you always wanted to do? That question is one of the hardest to find an answer to. But, don’t avoid it forever! It could be one of the greatest, most rewarding decisions you make.

For those finding themselves in a similar situation as me, here are a few thoughts:

  1. Let’s connect and be the best of internet friends! We can stay up late, compare notes on the latest gossip, and in the morning, I’ll send you a recipe for waffles…
  2. Don’t quit your day job, yet. That step doesn’t come until your new project or venture is successful and lucrative enough to support you. Google Derek Sivers’ “Tarzan technique” for some stellar tips.
  3. The absolute best thing you can do is to create a plan.

Have you thought about starting your own business? Comment below.

Originally posted on Founded Magazine.