Don’t Be Afraid to Start a Business – 7 Benefits of Being Your Own Boss
A few years ago, I made a decision that has changed my life and given me so many unexpected benefits. I’ve always been fascinated with the positivity and forward-thinking stance of Life Coaching. So, in 2013, I decided to focus and build my coaching practice. I changed my branding, read books and took online courses to get up to speed with this growing field and to feel more confident and competent.
At times, I would feel discouraged and my own inner critic would creep in with statements like: “You were doing just fine, why did you have to go and change things?” Well, that was just fear of the unknown. And no, I wasn’t doing fine, I wasn’t fulfilled anymore. I was just afraid of making the change.
But in 2016 it happened. My coaching business really took off! Constantly I’m reminded that I LOVE owning my own coaching business. With each new connection, I get to fulfill my calling, changing lives and changing the world for the better.
“This is the true joy in life, the being used for a purpose recognized by yourself as a mighty one.” ~ George Bernard Shaw
If you’ve ever thought about becoming a business owner, or starting your own private practice, then the following benefits that I enjoy may be enough to convince you that you don’t need to be afraid to start a business …
- Turn your years of experience into a business asset. Age becomes a plus in your favor, not a minus like it is in the competitive corporate world. Specialize in what you know best.
- Work from home or from anywhere in the world. Technology makes it possible to work with your clients anytime, anywhere.
- Set your own pace. One possible downside of owning your own business is that you can get a little lazy about sticking to your business routine. But if you create a schedule and stick to it, you’ll find you have a lot of extra time to fulfill other important life pursuits.
- Earn the income you want. If you’re willing to hustle, you can design streams of income that fulfill your needs and wants. For example, as a coach, your high-end offering may be one-on-one coaching in person or via Skype. Other streams could be selling your self-published book; hosting fee-based live group coaching, workshops and retreats; setting up do-it-yourself online classes; and presenting paid speaking gigs.
- Live with meaning. You get to define what’s important. Being your own boss allows you to incorporate ways to give back to your community.
- Pick the people you work with. There won’t be anyone undermining you or stealing your thunder. What you create is only limited by the boundaries you build. You don’t have to put up with toxic situations.
- Discover what you’re made of. Your personal growth will be tested in ways that make you a better person. You’ll discover new reserves of resiliency, self-discipline and self-confidence as you make your dreams a reality.
It’s completely normal to doubt or worry about taking the leap into starting your own business. But if you’re convinced this is the right decision for you, you can make it work. If I did it…so can you! Start connecting with people who will support you and learn all you can about running a business. Create a plan and work your way into it.
If you’re not sure what your next step should be, join me and my friend, Nando, at our Women in Leadership Retreat. We’ll help you outline a plan of action that fast tracks you toward the launch of a new business. Or feel free to contact me and schedule an “Unlocking Your Potential” 30-minute complimentary consultation, in-person, by phone or via Skype.