Anyone starting a business encounters either of two types of responses from friends. One is congratulatory best wishes; the other is a warning that taking a normal job is safer. Those who warn you about safety are dead wrong. When you possess the plan and ability to tackle a market condition with your own initiative, you actually have a higher probability of success than working for someone else.
Sure, being an entrepreneur is risky and even somewhat dangerous. But the unknown confronts everyone in the working world. At least when you’re in charge there are no superiors to sabotage implementation of your business plan.
Starting a business isn’t easy. The startup stage is when self-doubt creeps in on many entrepreneurs. Maybe unexpected problems arise that make you think your risk-adverse friends were right. But, what you’re not seeing in these situations is equally challenging problems that occur when working for someone else…without the potential rewards from your successful problem solving.
Here’s why you’re making the right choice to have your own corporation. First, not wanting to fail as an entrepreneur is a strong motivator to make good decisions. If you make a mistake on the job working for someone else, well, there’s always a way to make amends or even take a new job. But running your own business gives you more of a stake in the outcome of your actions.
Secondly, having your own corporation is not all about the money. This keeps you focused on the tasks at hand. Money certainly matters. It always does. But that’s more the case when anticipating the paycheck at a job. For an entrepreneur, the work is about a dream and doing all that’s required to achieve it.
Lastly, when you get a good idea while operating your own business, you’re able to implement it. Sound ideas lead to success. But a good idea while working for someone else may take too much effort to obtain approval for action. Sometimes it’s never approved. This condition limits success.
People who are not entrepreneurs don’t talk themselves out of starting a business. They’re not self-employed because it never occurs to them. You’re different because you have ideas and know what to do about them. That’s what markets need. That’s why – for you – starting a business is smarter than taking a traditional job.