Someone made an argument against embracing entrepreneurship over the weekend. In a well thought out piece on nairaland, the person argued that the government should fix the economy and create more jobs rather than telling unemployed youths to start a business that might not succeed because of lack of funds.
The truth is entrepreneurship isn’t for everyone, but if you do have the bug to experience freedom and still generate income, entrepreneurship can lead to an amazing life.
You get to spend time doing what you love without anyone breathing down your neck. The average Nigerian employer will pay you peanuts yet he or she would expect you to work your ass off as if you earn thrice as much.
Here are three reasons why you should become an entrepreneur
Opportunity to control your destiny
When you work a 9-to-5 you’re at the mercy of your boss and the company you work for. They can decide to hire or fire you anytime. They decide how you spend your time. Some would even expect you to stay on the job 24/7.
You have little control. The problem is today’s economy. There are no jobs and gone are the days of working at a company for years and retiring with a pension. These days entrepreneurship is the new pension plan. Your income is too important to leave in the hands of someone else.
Freedom
Life is short and time is the one thing we’ll never get back. Entrepreneurship gives you the ability to balance your time.
If you have family or other life circumstances come up, you can decide to forgo any work for that day. You don’t have that kind of flexibility at a job. Your work should fit into your life, not the other way around. The life part has to come first.
Unlimited earning possibilities
At a job, your earning potential is set by the job or a contract a union negotiated. You can get raises and promotions, but those are the exception, not the rule. Your boss can even decide to slash your salary as he or she deems fit.
Your earning potential is capped no matter how long you stay at that job. To be fair, you could earn nothing at your business, but those who jump into entrepreneurship are self-motivated to build a profitable business.
Entrepreneurs aren’t happy with the status quo and continue to grow their business and income. The beauty of entrepreneurship is that there are no gatekeepers to keep your income regulated and depending on the business, you can generate unlimited income.