Hey there – Scott Asner of Eighteen Capital Group (18CG) here.
In a previous post, I laid out some of the things that business owners should know about running a business. Now, I’d like to touch on some of the most rewarding aspects of creating and running your very own business.
It is one of the most freeing and gratifying journeys that anyone can embark on, and despite the hard work, there is a lot that makes the risk worth the reward.
So with that, let’s dive in!
Escaping the Rat Race
Many people have the same fundamental dream – to escape the boring 9-5 in exchange for endless free time and the funds to make the most of it.
While some people play the lottery, business people play their own kind of lottery in creating their own company. The idea of any business is to generate income that exceeds the possibilities of a normal job and to eventually be able to spend their time as they’d like while still receiving passive income.
Some want to build a business and sell it off to the highest bidder for a quicker payout; some want to build a legacy to pass down to their children; others want to establish a stable passive income stream that lets them enjoy their life while also taking a check.
These are all valid strategies and good reasons to start your own business. Few things are more rewarding than having free time for yourself, and the funds to enjoy that free time.
You Are the Boss
Almost everybody at some point had a boss that they had a hard time with, and some people simply cannot work under the direction of other people. When you run your own business, you become your boss.
This is a great and rewarding aspect for people who are more independently minded and do not like the idea of their livelihood being left in the hands of someone other than themselves. It is a mindset that comes from self sustainability and a vision of only being held to your own standard.
Ultimately, when you are accountable to yourself for your own success, you feel empowered and satisfied they you are more in control of your life. It can be terrifying to truly think about at first, but there is a sense of great satisfaction that comes with calling your own shots, taking chances as you see fit and directing your professional life purely from your own point of view.
You Are Always Engaged
A lot of people stuck in the 9-5 work model are unhappy with their jobs. It has been stated that half of Americans do not feel engaged at work, and 16% say that they would go so far as to say that they are actively disengaged.
They don’t feel connected to the company, its mission, their role within the organization or what they are doing on a day-to-day basis. This can be a soul-crushing reality for so many people who feel stuck and lost – like they’re just killing time shuffling papers while they miss the world going by.
Well, creating your own business is a ticket to the action. When you create your own business, you have no choice but to be completely engaged with the vision that you’ve carved out for yourself – otherwise, it will all come falling down around you.
What’s more, creating a business opens the door to pursuing a hobby or field that someone is passionate about and gives them an ability to make a living in that area. Even if someone is not particularly “passionate” about a business venture that they have started purely for profit, passion actually builds up around their business once they begin to see a level of success.
The Life of Your Dreams
Building a business is a golden ticket to the life of your dreams. It certainly isn’t easy, and it doesn’t come without hard work and sacrifice – but it offers you a ticket to what people crave most in the human condition: freedom.
The freedom to be your own boss. The freedom to spend your time doing what you like most. The freedom to control your own destiny.
It is exhilarating and any business owner would tell you that they wouldn’t have it any other way.
Until next time,
~ Scott Asner, Kansas City, Founding Principal of Eighteen Capital Group (18CG)