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Why is Entrepreneurship Awesome?
July 22, 2015

A group of female entrepreneurs sowing together
An entrepreneur sows her own happiness through her fashion business. (Miranda Harple/Yenkassa)
  1. Develop financial independence. Financial independence means different things to different people. To some, it means having the cash to buy what they want. To others, it means saving for retirement or a new home. And to some others still, it simply means being able to pay the bills.

  1. Set your own schedule. For the most part, entrepreneurs have greater command of their schedule. They will likely have many more demands on it, however, and they need to manage their time well.

  1. Bring your ideas to life. If you know that you will not find peace in your life until your vision becomes a reality — and that you are willing to invest valuable resources in your vision — it could be time to start your own business

  1. Have creative freedom. An entrepreneur’s creativity is not defined or constricted by corporate red tape.

  1. Release the fear of being fired. You won’t likely fire yourself.

  1. Finally be challenged — in a good way. Entrepreneurship is challenging and rewarding. Challenges breed solutions and equip you with the potential to innovate and be successful.

  1. Create a legacy. As an entrepreneur, you can build something that will last a lifetime.

  1. Think globally. My business went from one product and no customers to operating in 14 countries. If I can do it, so can you.

image of newspapers.

  1. Gain personal fulfillment. Entrepreneurs aren’t stuck in a career they aren’t passionate about.

  1. Make an impact. Entrepreneurs identify a problem then start a venture to solve that problem. You can impact the lives of many through entrepreneurship.

  1. Contribute to the economy. Entrepreneurs can hire employees and contribute to economic growth.

  1. Call the shots. Starting a business will yield the opportunity for you to become a leader.

  1. Become involved in every aspect. Starting a business will give you the ultimate crash course in what it takes to build something from nothing and turn a profit.

  1. Put a personal touch back into doing business. Many entrepreneurs have cited their reason for starting a business was to improve upon the existing way of doing business.

  1. Improve upon old ideas. Entrepreneurs are complainers with solutions. They feel they can do it better than the next person.

  1. Celebrate massive accomplishments. Starting a business, turning a profit and surviving the journey are huge accomplishments.

  1. Improve your quality of life. Being an entrepreneur enables you to provide a better quality of life for you and your family.

  1. Invest in you and your future. Consider your small business as an investment. Entrepreneurs not only reap the financial rewards of building a profitable company, but also gain tremendous insights into the most important investment of all — themselves.

  1. Design your own lifestyle. One of the perks of entrepreneurship is the ability to live the lifestyle that best suits your desires.

  1. Enhance your personal power. Let’s be honest. When you build a business from scratch and earn appreciation and gratitude along the way, it is empowering. You feel significant.

Interested in taking the next step with your business? Check out our #YALIEntrepreneurs page.

This post was adapted from a presentation by Rhett Power, an entrepreneur and leadership expert. In the previous post, Rhett described some of the characteristics that make up a great entrepreneur. To learn more about Rhett Power, visit his website at RhettPower.com.
The views and opinions expressed here belong to the author and do not necessarily reflect those of the YALI Network or the U.S. government. YALI Voices is a series of podcasts, videos and blog posts contributed by members of the YALI Network.