If you’re feeling unhappy or unfulfilled in your current job, don’t worry, you’re not alone. According to a recent survey conducted by Survey Sampling International and SEEK Learning, more than half of Australian workers are unhappy with their jobs. Yet only a small number of those are actively looking to change their situation. It could be because they are worried they won’t find another job, and don’t want to risk leaving behind security. Or, perhaps they have a business idea they want to pursue but fear failure. In fact, according to GME, 42.9% of Australians are concerned about failing at entrepreneurship. Yet almost half of Australians believe entrepreneurship is a great opportunity. If you’re reading this blog because you’re thinking about becoming an entrepreneur, even if you’re fearful of failure – good for you! Now is actually is the best time to become an entrepreneur! Here are some undeniable reasons it’s time for you to make the jump to entrepreneurship.
You’re unfulfilled in your current job
Perhaps one of the biggest reasons to consider making the jump to entrepreneurship is because you’re unfilled in your current job. Many entrepreneurs leave their job to pursue their own business because they are unhappy in their role or aren’t getting as much fulfillment as they used to. Even if you started out in your job enjoying the work, over time feelings can change, which is completely normal. If you’re currently unfulfilled and want a sea change, entrepreneurship might be just what you need.
Control over your time
If you are tired of working designated hours and want a little more freedom when it comes to your time, entrepreneurship is the way to go. When you own your own business, you choose the hours you want to work. You can fit in your work around other commitments like going to the gym, lunch with a friend or helping family.
Uncapped earning possibilities
Generally, when you work in a job, you have a set salary. Once you’re in that position, it can also be difficult to increase that salary. It’s not impossible, but it’s not easy. Mostly when you work in a job, your earning potential is capped.
For the sake of a fair argument, as an entrepreneur, you could earn very little. However, for those who actually make the jump into entrepreneurship, they are generally self-motivated and driven to build a profitable business. When you’re an entrepreneur, no one is regulating your income (except you) so your earning potential is quite literally limitless.
You have the opportunity to build yourself an asset
If you’re looking to build yourself an asset – what better way to do it than becoming an entrepreneur? Though when starting out as an entrepreneur you have to put in a lot of hard work, every second you put into building your business is worth it because at the end, you’ll have built yourself a great asset. This asset will not only benefit you now, but also well into the future.
You can leave a lasting legacy
Following on from building an asset, at the same time, you’re also leaving a lasting legacy. It’s an innate human desire to be remembered once you’re gone, so building your own business is a great way to leave your mark. Your business can be passed down to your kids and their kids and so on, or sold. And, if your business started out from something you’re passionate about, that same passion will impact lives for years and generations.
It’s true for many that leaving the safety net of employment is a daunting prospect – but think about it like this: isn’t it scarier to live the rest of your working life unfulfilled and unhappy? If you feel any of those things in your current position, now is the time to seriously consider a change in careers – a career where you can become your own boss.