The world is never protected against financial meltdown and the most recent one that occurred between 2005 and 2015 has shown us that we need to create alternative sources of income as there is a growing trend across the world , of people losing jobs. Here are some of the most important reasons you should quit your job and start your own business in 2016, or perhaps stick with your job and create a second stream of income.
#1 : Modern technology is taking over paper works
Many office cubicles are becoming empty and the middle class is being wiped out because advancements in technology is taking over most paper works. The demand for more output has forced many organizations to adopt more efficient technology that can provide higher output for higher profits. This is the main reason you should quit your job and start your business this year.
#2: Money is not always happiness
Studies have shown that increase in salaries create little or no improvement in personal happiness. The reason is simple, the more you make the more you spend. You don’t have to stay in your job just for salary increase all the time, when you can make more and even save more on your own business.
#3: You need extra source of income
Even if you don’t want to quit your job, chances are that taxes and rising costs of living are not helping you to save money. One job is just one source of income, but starting your own job will give you the financial freedom you deserve.
#4: You hardly have time for yourself, family and friends
Many people force themselves to wake up in the morning and go to their regular 9 to 5 jobs because they don’t have any alternative. Most people are just too tired to visit friends and family members after a hectic work week. If you want more time, you need to have a job you are in complete control over.
#5: You may lose your job at any time
The harsh reality of going to work every day is that you may get used and dumped sooner than you think. If you don’t have a backup business, you may lose everything you have worked for, over the years.
#6: your business provides more flexibility
When you are in charge of your own business, you decide when to wake up and when to relax. You also decide how much you want to make constantly, your regular 9-5 job does not provide such benefits.
#7: No terrible bosses who make life miserable for staffs
Bosses don’t like junior staffs, they make life miserable for them by giving them too much work to handle at a time. This can trigger stressful conditions that may cause decline in your health. If you don’t want this kind of situation for the rest of life, you better start thinking of starting your own business.
#8: Build a massive wealth rapidly with your own business
When you build your business and watch it grow over the years, you expand your network and when the quality of your products and services are good, people will hire you . This will help you build massive wealth over the years.
#9: Leave a legacy with your own business
Your regular 9 to 5 gives you a little chance to leave a strong legacy but your children and grandchildren can inherit your business and that is a great legacy you will always be remembered for.
#10: You have many business options to choose from outside of your regular job
Whether your business is online based or not, there are demands for many services and products and you need to choose the one that you are really good with.