Why You should Quit your job and start a business
I will be honest with you, not everyone has what it takes to be an entrepreneur. Not everyone is going to enjoy being one and not everyone will succeed as one.
Running your own business, whether you are looking to build an empire or just building a comfortable lifestyle business centered around your passion is hard. It comes with its positives and negatives and frankly there are some situations where continuing with your job or getting one is better than starting a business.
If you have a family to support and in urgent need of money where you cannot take ANY risk in the short run, then it is certainly better to get a job because a business takes time to pay off. But in the long run, I believe it is much better to start a business instead of continuing with your job. Here's why:
1) .A job conditions you the wrong way.
What do you learn about in a Job? You learn that the meaning of life is monotony. You are expected to work a certain number of days for a certain number of hours and do this repetitively over and over again. It doesn't matter if you don't enjoy the job for a job teaches you that life is not meant to be enjoyed anyway. A job teaches you that the meaning of life is to be satisfied with mediocrity. Of course, exceptions do exist. If you are in a job where you are still following your passion and are motivated to perform, you need not make the shift, at least for this reason.
2) A job is not as secure as you think.
Unless you are in a government job, a job is NOT secure no matter what you think. Just ask the thousands who are laid off daily and the millions laid off globally during the recession. All your employer, or even your boss who himself/herself might be employee has to say in order to get you out of this delusion is tell you that you have been let go and "they wish you the best with your future endeavors."
3) A business makes you more creative and independent
When you start your own business, you are forced to be creative in a way that a job rarely demands of you. That steady pay-check of a job is gone so you need to learn to make decisions based on logic and intuition, some of which maybe right and some of which maybe wrong. But you grow more and more decisive along the way. A business forces you to be independent and puts you in control of your own destiny.
4) A job does not give you the option to cut out the negative people in your life. A business does.
Should you choose to continue dealing with negative people in your business, just for the money, that is your choice, but the important thing is that you have the option to not take them up as clients at all and deal only with people you believe are positive and respect you and your abilities.
What do you do when you deal with negative people in the work place. Nothing! You just whine about angry bosses, bitchy co workers and office politics.
5) A job is not the best way to make money in the long term.
Why do most of us go for a job? Because according to society it is secure and is the best way to make money. The truth is it is neither that secure, nor is it that good a way to make money over the long term.
Let's be clear. There are exceptions, but most of the times your company does not care about you getting rich. It cares about making the owners and the investors rich. Time is the most valuable asset we have, and if all your time is dedicated to building their wealth, you will not build much of your own.
But a job does offer instant gratification with the money coming in every month. If you are not patient or need to cover a lot of expenses a month, for which you cannot afford to wait, then stick to a job. Otherwise start a business.
6) A Business gives you more time to spend with your family - Should You Choose to.
Now this one depends a lot on your priorities and the kind of business you are in, and in the beginning you will have to work hard to get things going. But once a good income starts rolling in, it is really up to you how you want to spend your time. This is especially true if you have automated your business by focusing more on creating passive income instead of depending solely on new active projects to keep the money rolling. At the very least, you should have made some investments with the money to grow some passive income streams.
You can then either spend your time trying to build an empire or spend it with your family, while being content with growing your income a little slower. A corporate job that often makes people work 60-70 hours a week rarely gives you that liberty to choose.
7) You will not get bored while growing a business.
Imagine that you are in a job and put in control of the same responsibilities (even if in a bigger way following a promotion) year after year, do the same things again and again and keep grinding aimlessly, does that sound exciting? Probably Not.
Business is Hard but it is not boring. The amount of challenges you need to come up with in order to make your business succeed is almost like playing a Game or solving a Puzzle. It is always interesting, even if it is HARD. Also there is a goal you are working towards, much like a game. If your business succeeds and you get bored with this game, start another one ;)
Final Thoughts
If you are the type who likes to control your destiny, if you are the type who does not want to live with regret, if you do not have family commitments that require urgent money and are willing forego immediate gratification for bigger rewards later, running or starting a business is for you.
That being said all businesses carry with them some sort of a risk and it is possible that you may fail. But many times the experience and learning from a failed business alone is worth it and will help tremendously the next time you try your hands on a newer business. So if you are passionate about something and want a life where you focus on building your dream instead of somebody else's then just go for it and become an entrepreneur! Good things await. Even if you do not make a lot of money the first time, you are going to learn much more than someone who spends their lifetime in a job