What do you need to start a business? Three simple things: know your product better than anyone, know your customer, and have a burning desire to succeed. — Dave Thomas

Top 15 Reasons to Start Your Own Business!

6 min readFeb 13, 2020

Changing times, busy schedules and competitive markets are a few aspects of life that we have been commonly familiar with. Global business avenues, growing technology and increasing consumer spending power have encouraged a number to people to make a switch.

Worried about starting your own venture? Here we give you the top 15 reasons to start your own venture and why it pays to become self-sustaining in the present scheme of things.

1. Flexible Schedule:

If you hate working in a 9 to 6 sitting, starting a business helps you take a break from the monotonous schedules. For the first few months, the work pattern can be a little tight, but once the start-up has gained momentum you will begin to have flexible schedules. The business gives you an opportunity to balance life. Enjoy the freedom, the feeling is awesome.

2. Job Security:

Being an entrepreneur keeps you off the fear of getting fired, downsized or laid off during the times of recession. An entrepreneur is the master of the whole operation. You have the authority of deciding what stays and what has to go.

3. Creating Jobs:

Starting up a business gives you a chance to create jobs for others. Creating jobs is an important aspect of building up the society, hence it is taken to be a respectable profession. Building society gives you an opportunity to improve the country as well.

4. Expanding Boundaries:

Starting up a business venture has an added benefit; it overcomes physical constraints. A start-up business gives you the flexibility to run the show from different locations in the world. Imagine not to be stuck in one place all the time.

5. Learn New Skills:

Starting up a business venture gives you a chance to learn new skills and improve. Skill building is a great thing which can be enjoyed by an entrepreneur. You get a chance to learn skills from the latest ongoing such as pay per click, SEO, social media marketing. There is so much more to keep yourself embraced with the fast-growing world. Not only that, learning new skills makes you sharp and updated.

6. Gain Financial Independence:

A start-up venture gives you a chance to gain financial independence. Starting up a business involves a lot of risks but taking a chance and working hard gives you an option of reaping a number of benefits like ploughing back the profits. You don’t have to depend on the whims of those bosses anymore. Being an entrepreneur gives you a chance to become the deciding factor of how things should be.

7. Be an inspiration:

Running your own shop gives you a chance to become an inspiration for a number of people. You have a chance to build up your reputation and be an inspiration for others. Working for a big company may offer you bigger packages and higher posts but never give you the feeling of pride. A successful business entrepreneur is an inspiration for all others looking forward to start-up a business.

8. Creating a Business Legacy:

A Business venture gives you a chance to create a business legacy for the generations to come. Entrepreneurship paves the way to leave behind your legacy for the future who would possibly take over.

9. Encourages Innovation:

Starting up a business encourages you to be creative and try out of the box ideas. Who in the world would have thought online shopping would one day turn things around and the way lives operated? Start-ups like Amazon, Uber, Flipkart and many others have made that happen by sheer belief in an idea.

10. Create a Brand of your own:

Starting a business venture makes create a brand name for your idea. The start-up gives you scope to build up your own brand identity and create a long term brand.

11. Business Careers help in Advancement:

The business gives you a chance for building a stronger base and shows a number of future prospects. A growing business means better salary, respect, skill-building and way forward.

12. Financial Benefits:

Starting up a business gives you a number of tax benefits. The government gives the start-up businesses a number of perks and loans on a minimal amount of interest to help the small entrepreneurs grow.

13. Opportunity to challenge yourself:

A job doesn’t give you ample space to learn different skills and challenge yourself. A business drives you to build up your skill levels as you are the master of the idea. Running a business venture gives you chances to do things that you have never done before.

14. Mentor People:

A successful business story makes you an icon. For most people, gaining recognition and self-actualization are two main reasons to become entrepreneurs. A successful start-up gives you a way to mentor people less knowledgeable than you. This gives a different high.

15. Easier to switch industries:

Unlike jobs, it becomes easier for people to switch industries in business. You can start up with a fashion house and move to a start-up consulting business. There is no dearth of adventure in the world of entrepreneurship.