Don’t let anyone tell you starting a business is simple. It takes a variety of traits—the willingness to go out on a limb and know that you are responsible for your own paycheck; the ability to innovate and be flexible, able to respond to changing markets; the equally impressive ability to ask for help and listen to qualified advice—not to mention a plethora of forms and filings. And after all of that, there’s always the possibility that you might fail.
On paper, starting a business is the risky choice. Why would anyone give up their regular paycheck that comes twice a month, right on schedule, in exchange for never knowing what tomorrow will bring?
But, as it turns out, this logic is flawed. Leaving aside for the moment the potential risks of starting a business, there’s one factor missing from this line of thought:
As an employee, there’s always a risk of losing your job.
The disquieting fact is, simply remaining employed is a daily risk, and this risk is worth considering when weighing your options. You’re not having a fair and balanced conversation with yourself if you’re lying to yourself about the hidden risks involved in being an employee.
And what if starting a business is a little risky? Well, to paraphrase Ben Parker: with great risk comes great opportunity.
Unless you’re working on a commission basis, that “regular paycheck” typically varies only when (or if) you receive a raise; most salary-based wages are not subject to diminishing based directly on the success of the business in any given quarter (though pay structures can be negotiated at any time, of course). Working for an established company offers the security of pulling in that same biweekly paycheck for performing your specific duties admirably, hopefully with a few holiday bonuses along the way.
When you start a business, you have the ultimate control. True, your personal finances will probably slump during the slow times. But if business booms, it’s as a result of your hard work and effort, and you get to reap the rewards.
I’m not saying that starting a business is for everyone. But if you’ve got passion, a good head on your shoulders, reliable advice, and a willingness to learn, it just might be time for you to start your own business. At the end of the day, the question is: do you prefer to receive your biweekly paycheck for as long as you’re lucky enough to do so, or to face your risks head on?
[Click&Inc can help you start your business today efficiently and affordably—what are you waiting for?]