Hearing complaints of having to be someone else’s servant or helping someone else become richer are just some of the common laments of Singaporean employees.
Many have aspired to transition from an employee to an employer. In a 2016 report, 3 in 4 Singaporean millennials wanted to become their own boss. Becoming your own boss comes with risks and hard work, but the potential for rewards is huge.
Running your own business offers many benefits such as these:
#1: YOU GAIN ABILITY TO FOLLOW YOUR PASSIONS
Following their passions acts as a catalyst for many budding entrepreneurs. For example, my friend left his advertising job to pursue his love for serving gourmet burgers.
Reaching for your dreams may fulfil you in a manner that working for someone else may not. As an entrepreneur, you oversee creating the business from scratch. Furthermore, this business can be passed down to your children.
#2: YOU CONTROL YOUR OWN SCHEDULE
Across the globe, employees have spent the last few years in isolation. Employees and employers observed the advantages and disadvantages of working from home. It is an eye-opening experience to feel how flexible working from home can be.
As an entrepreneur, you schedule your own hours. Your schedule is not dictated by your supervisor or other people. You still must get work done, but nobody is looking over your shoulder to ensure that you complete the daily tasks.
#3: YOU GET FREEDOM TO START FROM SCRATCH
This is your own business, and you make the rules. Use your creative juices to set the standards and procedures for your organization. Perhaps, you want to offer a product or a service that fits your vision.
Whether you want to leverage modern technology or provide your employees with wellness breaks, you have the freedom to decide.
#4: YOU WILL BECOME AN EXPERT IN DIFFERENT THINGS
Entrepreneurs often wear different hats. At first, you will need to pick up a lot of new skills such as human resource management and social media marketing. Soon, you will become an expert in your own field.
As your business grows, you will continue to learn new knowledge and skills. Who knows? You may even start another business!