Starting a Business? 6 Benefits of Becoming An Entrepreneur

Most people dream about starting a business and quitting their jobs. In addition to financial rewards, there are many health and psychological benefits of becoming an entrepreneur and working from home.

There’s a huge surge of self-employment and entrepreneurship in recent years. Millions of people have left their jobs to go into business for themselves…

Millions оf independent wоrkеrѕ аrе mаkіng a lіvіng wіthоut a traditional jоb; this brоаd category оf еntrерrеnеurѕ іnсludе, freelancers, consultants, іndереndеnt соntrасtоrѕ аnd the ѕеlf-еmрlоуеd.

Aссоrdіng tо thе 2021 edition of thе Stаtе оf Independence report from MBO Pаrtnеrѕ:

  • 87% оf іndереndеnt wоrkеrѕ аrе hарріеr working independently.
  • 78% of іndереndеnt workers also rероrtеd that thеу were hеаlthіеr than if thеу hеld a trаdіtіоnаl job
  • 2 out of 3 full-time independent workers believe they are more secure than traditional workers

Here are the new findings from their 2021 study of the independent workforce: “Thе Stаtе оf Independence In America” report from MBO Pаrtnеrѕ

  • In 2021, there were 51.1 million adult Americans working independently.
  • They’re happy and satisfied: 7 in 10 independent workers will continue on their path. And 86% of high-earning independents will do so.
  • In 2020, independent workers generated $1.21 trillion in revenue to the U.S. economy (5.7% of the U.S. GDP).

Their skills are in demand globally. So, more independent workers are offering their services outside the United States.

Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do.  ~Steve Jobs

Having a job is not fulfilling for most people. Most employees are frequently stressed out. Some are unhappy and burned out. Others step out and start their own business because they have been laid off, restructured, demoted, under-valued, discriminated against or bullied at work.

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Working in a job you hate is an assault to your spirit as well as your body. It can suck the life out of you and crush your soul. It can lead to a 9-to-5 sort-of-dying instead of contributing to a richer, more meaningful life.

Having a job is no longer as secure as it used to be.

Building financial independence for yourself and your loved ones is one of the best ways to have a secure future. By becoming an entrepreneur, you can empower yourself to take charge of your own financial security.

Starting a Business? 6 Benefits of Becoming An Entrepreneur

 Credit: Dani Magestro

Starting a Business: 6 Benefits of Becoming An Entrepreneur

Becoming an entrepreneur and making a living from home can have psychological as well as financial benefits:

  1. You can get out of the 9-5 rat race and reduce your stress.
  2. You can stop dealing with office politics.
  3. You can stop commuting to work and dealing with stressful traffic jams.
  4. You have more control over your ideas and the work that you do.
  5. You can have time flexibility and more opportunities to spend quality time with your loved ones.
  6. You can take some time off whenever you want — for as long as you want.

Becoming An Entrepreneur and Working From Home Can Reduce Your Stress, Risk for Heart Disease and Other Diseases

Becoming an entrepreneur and working from home can significantly reduce your stress as well as your risk for heart disease and other stress-related diseases.

Did you know that there is a higher incidence of a heart attack in the morning hours? The highest incidence of heart attack happens between 6 am to 12 pm. When it peaks at 9 am, there’s a three-fold increase in the frequency of heart attacks compared to 11 pm with the lowest frequency.

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Maybe it’s just coincidence that most heart attacks happen at 9 am when most people are beginning their workday. However, studies have shown that chronic stress can have a significant effect on the heart — sometimes the consequences can be deadly.

Compared to having a traditional job, becoming an entrepreneur can offer more flexible work hours. This flexibility can lead to more free time and better quality of time available to spend with loved ones. In turn, this can lead to greater happiness and life satisfaction.

Success is doing what you want to do… when you want… where you want… with whom you want… as much as you want. ~Anthony Robbins

 Even if starting a business doesn’t make you a fortune, it can bring enough financial abundance to achieve contentment as well as freedom from financial stress and worry.

The psychological freedom you can get by becoming an entrepreneur coupled with financial and health benefits can help you live a happier, healthier and richer, more satisfying life.