So you’ve been thinking about starting your own business but haven’t decided whether or not you are going to make the plunge yet. Since you are reading this article on CatholicGigs, chances are you want to create something that will help you spread the message of the Catholic Church, and it has never been more important to do so. However, it is good to be cautious; you never want to jump into something without thoroughly thinking it over. The business world can be intimidating, especially when you have business news agencies like Bloomberg giving you the statistics saying 80% of small businesses end up failing. It’s true, there is going to be failure, probably multiple failures, but you need to learn to embrace your failures and keep trekking on. Below we have compiled a list of the best reasons to start your own business and why it is important for you to not give up when times get hard.

  • You get to work on your passion: Hopefully if you are planning on having your own business you are going into something that you are seriously passionate about. We hope that if your business is not directly promoting the Catholic Church that your business will promote the values it stands for. If you’re not and you’re planning on getting into something for the potential cashout you are probably not going to last very long. Running a business is a lot of hard work, in starting this business we spent approximately 14-16 hours a day, 7 days a week working even before we launched. If you are passionate about your company the long hours and demanding work is totally worth it. Having a 9-5 job is great for many people, but chances are if you are reading this it may not be the life for you. Doing something you are passionate about makes your job fun, and not feel like work sometimes.
  • You can start building your business in your spare time: You don’t have to go all in right away, you will still be able to work your 9-5 job when starting up your first business. If you’re afraid of leaving the job security that your current day job offers you will have the time to work on your business, you will just be working longer hours. As you start to feel more comfortable and are making some cash inflow you can reduce your time at your day job or leave it all together.
  • You get to be your own boss: One of the best things about having your own business is the freedom it provides. You no longer have to answer to some middle management boss telling you what you need to do for the day. If you have investors you may lose a bit of that freedom, but typically creative control will be left in your hands.
  • You get to be creative: Not only will you get to be creative with your product or service, but you get to decide what does and does not work for you while running your business. Problem solving is a favorite of ours here at CatholicGigs, when something is not working as efficiently as possible we try all sorts of different solutions to maximize our time.
  • You are continuously learning: If you love learning then having your own business is ideal for you. As a business owner you are constantly learning new things, whether it is designing and maintaining a website, keeping up on the latest marketing trends or just learning what business practices are best for you, there is always something to keep you busy.
  • You have more flexibility: Okay, not at first; it is going to take a lot of time and dedication to get your business on it’s feet. But once you are established you will have much more flexibility than you will with a 9-5 type job. If you decide you are going to take the afternoon off and spend it with your friends or family guess what, that’s fine! Your schedule will be much more flexible than it ever has been before.
  • You get to explore your potential: Have you ever wondered just what you are capable of? Well starting your first business is a great way to figure that out. You may go into this thinking you have a knack for sales but then find out you really excelle in marketing. There is so much opportunity for you to grow and truly find what you are great at.
  • You have potential tax benefits: Another great thing about starting your own business is all the tax breaks you will be able to take advantage of. Have to travel somewhere for work? Write off the gas you spent! Have to buy some office supplies? Write it off! There are so many tax breaks for entrepreneurs to take advantage of, but be cautious. You will have to pay a self-employment tax in many situations. And if you decide to open a non profit the tax exemptions just keep on coming! Keep track of your expenses and make sure to talk to a tax advisor so you can exploit every possible deduction.
  • You will eventually be able to delegate: Let’s face it, there are jobs that you just hate doing. Whether it’s bookkeeping, sales, networking or anything else there is just something you can’t stand. The good thing about being an entrepreneur is that as your company grows you will be able to delegate your least favorite jobs to employees you hire. If you are afraid that you will not be able to afford a full or part time employee try hiring a freelancer! You can search through freelancer profiles right here on CatholicGigs when you have reached this step.
  • There’s never been a better time to start: There are so many resources available for up and coming entrepreneurs today compared to 15 years ago. You can find video tutorials for nearly everything you need for free on Youtube or Vimeo, you can get cheap advertising through Facebook and other social media platforms, there are tons of free apps and podcasts for you to use for your benefit. Starting a business today is easier than it has ever been.