One of the biggest misconceptions that people have is that if you work for yourself, you will get richer quicker. If money is all that drives you, then going independent can be a bad idea. Here are ten reasons for which you should go independent
- Build something:
Everyone must build something that is your own. This is a true reflection of your ability, skill enterprise and ideas. There is no better way to self-actualization then to say, I built this. Bragging rights don’t come easy in life
- Nurture your baby
Every new idea needs careful nurturance. The idea is yours, so one else knows the idea better than you. This is like being a father, only you know what your child wants.
- Dream big
Ambition knows no limits in your own set up. This is truly where your dream and your vision alone control the destiny of your enterprise. There are no approvals to be sought, no forms to fill, just you and your enterprise.
- Improve quality
The buck truly stops at you. There are no approvals to be sought; there are no conflicting egos to be settled. You can deliver truly great work to your client, sharper and quicker. It’s amazing how layers of bureaucracy can dull the edge of even the sharpest sword.
- Connect better:
Your connections with your clients are stronger than usual. They are your clients because they like you; you are their partner because you like them. There can be no better way than this.
- Challenge yourself:
Doing a job tends to make days monotonous. You follow a routine and if follow it well you would be fairly successful. But when you run an enterprise yourself, every new day brings a new challenge to face. If you never want to do same thing twice, go independent.
- Follow your passion:
You remember those days in school when you woke up early to go to cricket coaching classes or something like that? You did it because you loved it; it even made school more fun. You wanted to get up early, even on the coldest morning. That’s something true of an independent venture. You do what you love, and you love what you do
- Greater risk to reward ratio:
This is simple, the risk is yours, and the rewards are yours too. This does not mean that going independent is a get rich quickly scheme. It may be years before you see major financial benefits coming your way.
- No retirement planning
Retirement plans can be put on ice. Your enterprise needs you to do the best for it as long as you can. Every day you will gain experience that will make coming days more promising. There is no point of even thinking of hanging your boots
- Give back to society:
This is where as an independent entrepreneur you can make a small contribution. Work with the society, work with your Alma matter, and give back in time and effort. This one singular reason can make going independent worthwhile.