Why did you decide to become a business owner?

[Starmix]

You might have reasons why decided to become a business owner. If you are employed you might have resigned from work and started a business of your own. I have my own business and the reason why I want to become a business owner is to have a personal monitoring of the flow of my business in terms of profit or cash flow. Despite I have a very good job and a salary more than enough for me, but still I operate a milk tea business. Owning a business does not imply we're already on top of others who only earn paycheck to paycheck for there is no business guarantee so also job. In your case perhaps you run your own business because you wanted to escape from the dungeon of the four corners of your office. You may think about the flexibility and freedom of controlling your own destiny. You want to be the boss of yourself and can control the time on your own without somebody to reprimand you to do the punch in and punch out of the body clock every tie you enter your workplace.

If you are a business owner, you can travel anywhere for the control of your time is upon your own decision. You can also work from anywhere you want to depending on the nature of your work. There is comfort and control of your own actions and you can chance to impact your community with the business you have intended for them to enjoy . Being a business owner you get to invest your time and energy into something you love. You may say you reach your peak of self-actualization actualizing your dreams in the past. You get to flourish your own vision instead of someone else's. You can watch your business grow from an idea into an empire.

These are also among the reasons why start your own business:
1. Ecg day at the office will be motivating
2. You will be following your passions
3. You can pursue social justice or support non-profits
4. You can achieve financial independence
5. You can control your lifestyle and your schedule
6. You can start from scratch
7. Yu will get tax benefits
8. You will have true job security
9. You will become an expert in a broad range of skills, and
10. You can be creative
What can you say about the reason why decided or would decide to become a business owner? The answer is yours.

 

[Stardom22]

I started my own business to get profits to cater for my family and my needs. I take my business as my job.

 

[Shavkat]

When I decided to have my online shop, I strongly get the idea to be the sole entrepreneur. It is to prevent misunderstanding when having this business.

 

[Edulady]

I started my own business when I was unemployed. My business doesnt really require me to be there on a daily basis since I hired someone to do the work. This was because my source of income was online work. Now I have a job, and I still run my business and working on picking up online payouts again.

 

[fcbetting]

What tax benefits you have? I only know how you pay more expensive current, pay additional tax. Maybe if you have official car you can have some benefits but I can't confirm it.

 

[relcap23]

Having a business is having a fall back. No matter how big one's salary is, it is advisable to have a business no matter how small it is.

 

[Starmix]

Having a business is having a fall back. No matter how big one's salary is, it is advisable to have a business no matter how small it is.

Yes you're so right, we need to have our own business even a small store to subsidize other needs in our family. Salary alone isn't enough considering the deductions like tax, SSS or GSIS, PHILHEALTH, PAGIBIG and more. The net pay isn't enough unless all work in a family.

 

[relcap23]

I agree with you, the tax is so big. At least this year tax is. down a bit and that would be an additional 2k something additional to the income. Prices are soaring high that one must inject additional income to keep the balance.

 

[Starmix]

Yes you're so right, that is why many find jobs online. I'm so thankful I've joined RIF. I'm glad to hear that tax is down under the Marcos Administration.

 

[iyanpol12]

I became a businessman back then as I took over my mother's business when she passed away. I already stopped though because I got losses than gain.

 

[Starmix]

You better had saved your business. Maybe you lack passion to your business,the reason why it fell down. Or had someone took over it.

 

[Niyi Briggs]

I think business is good because it gives you the flexibility to manage your time anyhow you like. That point where you are completely in charge of your life is so sweet

 

[Starmix]

To have a good business gives a feeling of security, simply because there is always money in times of need. If we rely only on our salary, most probably, we will end up with debts.

 

[eldavis]

Besides the fact that i always wanted a business of my own, i decided to be a business owner cause i wanted to be independent, i wanted to have time for myself to also try out other things.

 

[Bisolami]

Besides the fact that i always wanted a business of my own, i decided to be a business owner cause i wanted to be independent, i wanted to have time for myself to also try out other things.

Exactly
I also love the fact that I will be able to make decisions on my own and not work for anybody.

 

[Reedex]

Majority of the people strive to become a business owner because they want to be free from financial dungeon.