Are you thinking of starting a business but you not sure if it is the best decision to make? In this article we will be sharing with you some reasons why you should start your own business in 2019.
The situation we find ourselves now in Nigeria is not one that should make anybody rely solely on their jobs.
Every year not less than 500,000 students graduate from the university and are sent to the labour market to find jobs and if you would agree with me the jobs are not there or are given to some selected few with “connections”.
Out of those graduates less than 10% of them get employed and the remaining 90% are left wondering around with nothing to do. This makes the crime rate in any country increase.
You might be saying “well I have a job so this does not concern me” but I must tell you something. In Nigeria today there is no such thing as job security.
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Let’s take an example: Intels is one of the biggest service boat companies in Nigeria and anyone working there would believe that no matter what happens their jobs will be secured.
The thing is over the past 3 years this big company has sacked over 3,000 of their employees due to the economy situation of the country.
This should give you an idea why starting a business is important.
There are individual out there that have an idea of starting a business but due to the fear of the unknown they have given up on their dreams. (I hope this article reignite the fire to start your business).
I have always wanted to start my own online business but because of doubt if it would succeed or not I decided to put the idea on hold.
After a while of working in an organisation and finding out that I was not getting the satisfaction I desired, I then went back and against all odds I started my online business and I must say I don’t regret it for a second.
There are lots of reasons why you should start your own business but I will highlight 7 reasons to start a business.
Like I said earlier there are lots of people looking for job but the jobs are few. The last police recruitment that took place, they were only looking for 10,000 people but over 100,000 applied for the job. If you are a graduate and still seeking for where to submit your CV I think it would be best you start considering what business you can go into. If you are employed starting a business can help you live a better life financially.
You would agree with me that if a survey is carried out to know how many employed workers their jobs gives them the satisfaction they need I can guarantee you that 80% are not getting the satisfaction they need. Most people work not because they love the job they do but because they have to look for a means to put food on the table for their families.
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On the other hand, nobody can be so sure of their work because anything can happen and that job can be lost. Even if the job is not lost, you only have a limited time to stay on any job. It is either you are retired at the age of 60 years or you have worked for 35 years.
You Need Time For Yourself, Family and Friends
There is no job that is an easy one, working the 9-5 job can be very stressful. Most of the times you can’t do the things you love because when you remember you have to go to work the next day you will be forced to go back home. There are most time you would feel like travelling but can’t go because you have to show up for work but with your own business, you will be able to have time for yourself and family and also get the chance to do the things you love.
To Make More Money
Diversifying your income stream is the way to leave a life of financial freedom. By just having a single job, you are only limited to the amount of salary you are paid every month. With a business of your own, you can generate more income.
Build You Up
Most often than none, the drive to keep aspiring for greater heights dies when you working a 9-5 job as you keep doing the same thing over and over again. But with a business, you are faced with challenges on a daily bases. As the challenges keeps coming, you will be forced to look for ways to solve them which will bring out the creative side of you which you might not know exist.
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Be Your Own Boss
Believe me working with some bosses can be very difficult as they are willing to do everything possible to frustrate you and you can’t do anything about it. They determine when you work, how you work and just put your life in a cage. When you start your own business, you become the boss of your own thereby you are able to choose your working pattern and run your business from anywhere you deem fit.
With the rate of unemployment in Nigeria, your business can help create job opportunities for people. Whatever business you decide to venture into, you will need the assistant of other to help keep your business running.
What Any Business Is Anchored On
There are two things that every business is anchored on and they include: selling a service and selling a product.
Selling A Service: This is the aspect of business where your customer’s can’t touch what you do. Depending on the kind of business you are into, you can sell a service such as helping people clean their homes, car washing etc.
Selling A Product: This involves selling what your customer’s can touch. This may include pencil, hammer, grocery etc.
Whatever business you may intend to start, it is wise you first seat down to figure out if your business is going to be a service or a product base business. With this you would be able to draw out a proper business plan.
Businesses have ups and downs and there are lots of challenges you will face on the way but that should not stop you from starting your business. With dedication, 100% commitment and the grace of God you can succeed in any business you set your mind to do.
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