There are many Great reasons you may wish to start a business. But in this article I am going to tell you why you absolutely should do this as a single parent that go beyond the most common reasons.
Do you dream of Financial independence? Maybe you dream of becoming a successful entrepreneur, or a millionaire, or even a social media influencer (that is also a business!). Are you going to get that from your day job? I suspect not!
Running a business is not for everyone, and it certainly isn’t for the faint hearted. You need to have passion and the drive to make it a success. You also have to realise that you are likely to make many mistakes and encounter many challenges and failures along the way.
Successful businesses become successful because the people behind them have that passion and drive to go for it. Many successful entrepreneurs will tell you that they have had failures and at points, they have wanted to throw in the towel. But they haven’t and that is why they are now successful.
Small business owners and entrepreneurs alike will tell you that they have put in long hours and possibly even shed a lot of tears to make their business successful. That is not a bad thing. Yes, you maybe want to start a business to quit the 9-5 and escape the long hours, but to do that you may need to work harder for a little longer.
But I am telling you that it will be oh so worth it. The financial independence and success as well as the personal fulfilment that comes from running your own business makes all that hard work worth it!
But before you get on with creating a business plan and rushing off to start your new businesses, It is a really good idea to get clear on your why!
Why Start Your Own Business?
Like I said above, starting a business is hard work, so you need to be really clear and solid on why you want to do this! As when hard times come and you are struggling to keep your eyes open, as I have been many nights, working away at my laptop, you need to draw in that passion and drive.
That is what will bring you business Success!
Start Your Own Business To Set your Own Schedule
Juggling work and kids can be difficult. Childcare can be a nightmare at times too. I know from experience. Starting your own business means you are able to set your own schedule that will work for you and your family. You can work it around school times, extra curricular activities and even your own personal life.
Yes, in the early days, you are likely to have to put in a lot of work. Starting a business is a lot of hard work, but the personal and financial rewards are worth it. So at first it may be difficult. But in the long run, you will eventually be able to outsource work and settle into a routine that fits you, not other people.
Start Your Own Business Because You want to help people
You may wish to start a business that benefits other people in some way. I mean most businesses need to fulfil a need for someone.
Maybe its that you wish to start an inspiring blog, or you you are a life coach.
What ever it is, use your business to help people as well as your self in some way!
Start Your Own Business To Beat the gender pay gap
As far as we have come in the way of equality, it is a sad fact that according to the ONS, the gender pay gap is still a very real thing here in the UK.
It looks to be the same in the US too.
Starting your own company, is a very good reason to avoid this sad inequality.
Start Your Own Business So You Will Be Your Own Boss
Being your own Boss comes with many perks. Not only do you set your own hours, but you set your own rules. Whilst your business may be driven by your clients or audience depending on the type of business you are in, you still get to have 100% say in how your business is run.
You get to incorporate your own values and ethics into your business as well as your own creative ideas. Do you get that kind of freedom in your current job?
Start Your Own Business As It could turn into a family business
Depending on the type of business you run, it could eventually turn in to an amazing Family Business. Your children and other Family members will see you working hard on something that is different from the norm. You will encourage out of the box thinking.
Which may encourage them to either start their own endeavours, or join in on yours. you can create an Empire that is passed down through generations. For some of us this means breaking the generational poverty in your family.
Start Your Own Business So You Can Learn New Skills
As single parents, we often don’t realise what an amazing skill set we actually have.
But one of the reasons I have loved having my own business, is that I am also constantly learning new skills.
New skills that I never imagined possible for me! And I bet it will be the same for you too!
Start Your Own Business For Personal fulfilment
Some people are more than happy working a job for other people. And that is absolutely fine. But for some of us, we need more in the way of personal fulfilment!
For me, working for someone else and making them rich feels rubbish. Being surrounded by people that I may not necessarily choose, and following rules that I do not agree with, is not fulfilling.
I need purpose and I like to keep learning. running my own business provides this for me and so much more!
Start Your Own Business For Financial Independence
As a single parent, financial independence is essential. Creating a business that brings you in a good income is a great way to work towards that.
Many businesses make more than what it is possible to earn in a year of working a normal day job.
There are many successful entrepreneurs who have started their own businesses with financial independence in mind and they have gone on to achieve just that.
Start Your Own Business To upgrade your money mindset
The sky really is the limit when you start your own business! If you have read my other articles on upleveling your money mindset, you will see that there really is an abundance of money in the world.
When you work for a company, you are essentially putting a limit on how much you are able to earn. That limit is set by the company itself. With a business, once it is up and running, you can scale it up and up.
Yes this will often require some extra money mindset work, if like me you have had a poor money mindset for a while. But I promise you it is possible and it is worth it.
Start Your Own Business For Complete Freedom
Do you dream of just being able to do whatever you want with your day? Well starting and building a business can provide you with that. Yes it will take some hard work but just dream of the day that you have outsourced the running of your business to someone else maybe.
Maybe your business is up and running on fully Passive Income. Or you have even sold it and have enough to go and life a life of freedom if that is what you want. It is possible.
Start Your Own Business To Take on new challenges
I don’t know about you, but as busy and hectic as single mum life is, I do love a good challenge. And unfortunately the challenges of cooking, cleaning and washing just don’t always cut it.
I need something bigger, something more tangible.
There will be so many challenges when you start a new business, but you will also push through them and it will feel so good!
Start Your Own Business So You can have a sense of accomplishment
There is nothing better than sitting back at the end of the day knowing that you have achieved big things!
You have pushed through barriers and made things happen that others haven’t, or you never thought possible for you!
That in itself is a good enough reason to start a business.
Start Your Own Business To Pursue Your Passion
What are you good at?
What do you love?
Are you an artist?
A social media enthusiast?
A writer?
Take your passion and turn it into profit!
Start Your Own Business Just because you want to
Even if you have no real reason as to why you are being pulled in the direction of starting your own business, doing it just because you want to is reason enough in itself.
It could be that the universe is telling you this is what you need to do and you figure out they why along the way!
Conclusion
Yes starting a business will be hard work in that first year whilst you build it up and it is earning enough money for you to potentially quit your day job and become a full time business owner.
But if you have you keep focused on your why, understand that failing doesn’t make you a failure, you have the potential to build a thriving business that you can call your own.
You will look back at that first year with pride!