While you may not have envisioned one day owning a paint and decorating retail store, chances are your entrepreneurial spirit has been with you for as long as you can remember. And it’s something to be celebrated.
Starting (and successfully running) a business takes an incredible amount of perseverance and commitment. In addition to making a substantial investment of time, finances and effort, entrepreneurs often have to deal with trials, tribulations, hurdles and headaches. In fact, sometimes operating a small business can seem like more trouble than it’s worth. So to remind you of why you got into this and reignite your entrepreneurial spirit, here are five perks of being a small business owner.
- Every great accomplishment is born from a single idea, and when your goal to become a small business owner comes to life, there is nothing more empowering. Because every day requires hard work, passion and the courage to take risks, owning a small business not only offers you professional success, but provides countless opportunities for personal growth.
- One of the biggest reasons people aspire to be entrepreneurs is the flexibility to make major life decisions. While it may take some time to establish the business to the point where you can travel through Thailand for three months, you’ll have more options by being able to call the shots. Whether you want to grow your family or simply take more vacations, the feeling of freedom that comes with owning a business is unlike any other.
- The most successful companies are the ones that take time to cater to their customers’ needs, and as a small business owner you’ll be able to put this at the top of your priorities. Because your shop is typically smaller than a big-box store, you and your employees will have the time to build relationships with every customer who walks through your door. As an added perk, excellent customer service can lead to better sales and higher profits.
- There’s an incredible feeling of pride that comes when you know your small business is contributing to the success of your community. In addition to providing jobs and generating revenue for your town/city (and possibly supporting local artists or manufacturers by selling their products), you are giving consumers an alternative to big-box stores and an opportunity to shop local.
- If you’ve put money and time into opening a small business, it’s safe to say you’re passionate about the products and services you offer. By being the owner of this business, you have the freedom to choose exactly what merchandise you order and sell to customers. Whether you want your store to be known as high-end or eco-friendly, every choice is yours to make.