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Why Become an Entrepreneur?

For many people, a nine-to-five job is the kind of work that would make for a satisfying life. For others, however, a natural drive for entrepreneurship may lead them down the road of self-employment or creating a startup. It may seem like a scary and high-risk journey, but this unpredictable journey also comes with life-changing and profitable rewards. Entrepreneurship may not be for everyone, but it can definitely lead to a successful and fulfilling life. Here are some of the top reasons to be an entrepreneur.

No Income Limitations

Working for someone else means that the income you earn is pre-determined. Although performing well will eventually net you a considerable raise, your employer is still the one who decides the final amount. When you are an entrepreneur, there are no pre-determined restrictions as to how much you can actually earn. Instead, your income is limited by market factors and how skillful you are in managing your business.

Control Your Destiny

When you are employed by someone else, everything about your work is determined by your boss and the company you work for. They decide when to hire or fire you, they determine how many hours you need to work in a day and which hours you should come to the office. This means that you have very limited control about the process and outcome of your work. In today’s economy, entrepreneurship is the new pension plan. You determine when you want to work and when to stop and even when to retire.

Leave a Lasting Legacy

When you build the business that you have already dreamed about, you also get the chance to leave something lasting for your children and grandchildren. It can end up something that will be in your family for several generations. Even when you pass it on to your family or to other people that you trust, it can continue to impact the lives of other people. Building a business is not just a way to earn income, it can also be a way for you to leave your children with something to remember you by and be proud about their heritage.