• Scorpion Bookkeeping

The top 6 reasons for starting your own business

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Start your own business

We live in a world full of endless possibilities and ideas. Self-employment has become increasingly common. Every day, more and more people are leaving their jobs to start their own businesses.

Nearly two-thirds of those people become sole traders, not employing any staff at all. Xero recently conducted a survey and discovered the 6 main reasons why people decide to go it alone. Here they are!

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1. Job dissatisfaction (79%)

Many people who start their own businesses do it as a way to escape the boredom or unhappiness they felt in their previous career or job.

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2. Taking more control of your time (63%)

Starting your own business means choosing your own work hours, lunch breaks and holidays.

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3. Decision-making freedom (47%)

When there is no one else to answer to, it means you have the freedom to make every decision yourself. There’s no need to seek anyone’s approval but your own.

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4. Being your own boss (43%)

Many people dislike the idea of working for someone. When you work alone, you’re at the top!

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5. Financial independence (28%)

Working for yourself means that you don’t have to depend on another person or business to keep you financially afloat.

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6. Fulfilling a dream (23%)

Many of us grew up with the dream of working for ourselves one day and doing something that we’re passionate about.

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How we can help

If you’re thinking of starting your own business, we can help you to implement Xero bookkeeping software to help you manage your business finances. We are a Xero-certified partner.

We can also provide your business with cost-effective bookkeeping support services. We service a diverse range of clients in South Australia, Victoria and New South Wales.

Contact us today for a free, no-obligation consultation to find out how we can help your business!

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