Reasons why you have to Quit Your Job and start your Business

Reasons why you have to Quit Your Job

Not everybody can or should be an entrepreneur. Not everybody has the mentality or the enthusiasm to become a self-employed business owner. Moreover, many people are content at working for someone else, and they may appreciate the recognition they get in the form of pay-raises or promotions.

Most of all, if everybody were entrepreneurs then who would actually make the products that are sold or used in the business? For example, if everybody were entrepreneurs and you decided to be a computer repair person then who would make the actual computer? No one person can create the steel, plastic, wood and other products, and then assemble everything into something that we recognize as a computer. In short, a company has to exist, employing hundred or even thousands of people to create computers, which you could then repair.

At the other extreme, if no one were entrepreneurs then there would be no innovation. If there were no innovation in the past 100 years then we would still be sitting around enormous radios, listening to them for information and entertainment. We would have no iWatches, smartphones, tablets, laptops, desktop computers or the Internet. You would not be reading this now if there were no innovation.

Are you ready to be an innovator? Are you ready to be an entrepreneur? Perhaps you are, or perhaps you are not. Perhaps there are other factors, though, that may force you to make such a decision.

The death of the middle class–

This was beginning to become apparent as long as 40 years ago. Now, regardless of what you think or feel about the Occupy Movement, they were correct that there is the 1% and the 99%. The 1% do not like or need you, and the 99% may not be able to afford you.

This may sound like an argument to retreat to the safety of working for an MNC, but it is actually a clarion call for you to produce the things that people actually need and want. Large companies may manufacture and sell shoes, but you can decide to repair those shoes. This is something that people are actually willing to exchange their hard-earned dollars for in exchange for shoes that will last longer. This is not something that can be said if you work in an HR department for a large corporation.

You are no longer needed–

35 years ago, many bank customers refused to go to ATMs because they were afraid that bank tellers would lose their jobs. More than a third-of-a-century later, more and more people are dependent upon ATMs, and even do their banking online. Yet, there are still bank tellers. Having said that though, there does not appear to be a growth in the number of bank tellers, especially concomitant with the growth in population.

There are some technologies that have, in fact, replaced people. No one works at a Blockbuster store because no one goes out to rent a DVD or Blu-ray; they rent them through the mail via Netflix, or download a movie.

Worst of all was the Great Depression II. An enormous number of business jobs simply vanished, never to come back again. The unemployment numbers appear good only because very many people lost their jobs a long time ago, have used up their unemployment benefits, and thus are no longer counted as being unemployed.

It is good to have a back-up plan in such cases.

Corporations treat you badly–

I owe my soul to the company store. That is a line from the song “Sixteen Tons”, made famous by Johnny Cash. It seems to be more true now than it was 60 years ago when it was first written, and written about conditions that had existed about 50 years before that. It seems that humanity (and certainly, big business) has not evolved much in 100 years.

Even if it had, corporations would still treat you badly. If you generate $100,000 in sales each year for a corporation then the corporation may pay you $70,000 each year. This is good for the business but not necessarily good for you. If you generate $100,000 in sales each year and if you are paid $110,000 each year then the corporation is losing $10,000 each year–and no person or entity wants to lose money–and may fire you. In that case, you will earn nothing. If you do generate $100,000 in sales each year then it may be best to consider doing exactly what you are doing now, but as an entrepreneur, and realize the full benefit of that $100,000 in sales without the hassles and the headaches.

Money is not happiness–

Granted, money cannot buy you happiness, although it can buy or provide you with the things that make you happy. But if you are not happy in doing the things that lead you to get the money then why bother? It is much better to do the things that make you happy and allow you to get the money that you need.

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