{"id":1584,"date":"2017-07-17T11:32:13","date_gmt":"2017-07-17T11:32:13","guid":{"rendered":"https:\/\/www.sage.com\/en-gb\/blog\/5-great-reasons-to-start-your-own-business\/"},"modified":"2024-08-08T15:01:05","modified_gmt":"2024-08-08T14:01:05","slug":"5-great-reasons-to-start-your-own-business","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-gb\/blog\/5-great-reasons-to-start-your-own-business\/","title":{"rendered":"5 great reasons to start your own business"},"content":{"rendered":"
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\n\t\t\t\t\t\t5 great reasons to start your own business\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t

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\n\t\t\t\n\t\t\t\t\"\"\t\t\t\tKeir Thomas-Bryant<\/span>\n\t\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n

1 “I want to do something I love”<\/h3>\n\n\n\n

As the saying goes “Choose a job you love, and you’ll never have to work a day in your life.” Actually, people who run their own businesses do work really hard, but if you enjoy what you do and have a stake in making it a success, then it doesn’t seem like such a chore.<\/p>\n\n\n\n

People with an enthusiasm or passion for something are usually very appealing to both investors and customers. Being interested in whatever your business is about should mean you understand your customers and what they want better too.<\/p>\n\n\n\n

Just make sure that doing what you enjoy will actually earn you some money. And be realistic about having to do some of the more mundane admin and less pleasant tasks too. You may love the idea of running your own beach caf\u00e9, but remember someone has to add up the takings and take the rubbish out.<\/p>\n\n\n\n

2 “I really need to make some money”<\/h3>\n\n\n\n

It may not be the ideal way to start ‘living the dream’, but if you find yourself unemployed or unable to find a job, then starting your own business can be a great way of making money.<\/p>\n\n\n\n

Think of it as an opportunity. Whether that’s simply to put cash in your pocket or to fill a space on your CV and prove to future employers that you have the drive to take on something new and work for yourself.<\/p>\n\n\n\n

If you’re struggling to get into the career you want, starting your own related business is a great way to prove that you have the determination and skills.<\/p>\n\n\n\n

If you’ve previously been working, then a redundancy pay out may help you to get started, but many businesses start with little or no cash at all. If start-up costs are a worry, try considering alternative ways to finance your business<\/a> such as crowdfunding<\/a>.<\/p>\n\n\n\n

If you’re over 18 and getting certain benefits, the New Enterprise Allowance can provide money and support to help you start your own business. Jobcentre Plus should be able to talk you through the details.<\/p>\n\n\n\n

You can also get local support to help develop your business idea from:<\/p>\n\n\n\n