The top 6 reasons for starting 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!
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.
2. Taking more control of your time (63%)
Starting your own business means choosing your own work hours, lunch breaks and holidays.
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.
4. Being your own boss (43%)
Many people dislike the idea of working for someone. When you work alone, you’re at the top!
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.
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.
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!