“Is freedom anything other than the right to live as we wish? Nothing else”.
It’s human nature to seek independence – be it financial, personal, or even geographical.
The prevalent idea has always been to seize full-time employment opportunities without a second thought, whenever it comes to smart career and future planning. But when you’re committed to a 9-to-5 schedule, there’s heavy collateral to pledge – and that’s your freedom.
Luckily, times are changing, and the entrepreneurship wave is taking the world by storm. So much so that a recent Forbes study has claimed that <50% of the US population may shift towards entrepreneurship and self-employment by 2027.
So, what is it exactly that is encouraging people to become self-dependent and start their businesses? Let’s dive in.
What Does Entrepreneurship Offer?
Is it the money? Yes, definitely. But is it only money? No.
Entrepreneurship comes with a higher status and financial benefits, but the most attractive perk here is regaining your freedom.
Working as an independent service provider gives you the liberty to do things your way.
Most times, you earn more by providing the same services you were previously offering as an employee.
Top 4 Freedoms That Encourage People To Become Entrepreneurs
Let’s break down the top 4 freedoms you gain by shifting from regular employment to self-employment.
1. Financial Freedom
We can’t deny that financial freedom is the biggest advantage of becoming a full-time entrepreneur. Yes, the stakes are high when you’re handling a business all by yourself – but, so are the profits.
Dealing with clients first-hand has its perks, one of which is being paid more per hour. Also as an independent service provider, you have the freedom to generate more wealth and diversify your portfolio by investing in profitable ideas.
Here are a few tips that will help you gain financial independence:
Don’t spend more than you’re earning; set a budget
Create milestones and work smartly to accomplish every single one
Don’t invest spontaneously; research before you put your money
Always be in talks with financial experts; their advice is golden
2. Personal Freedom
Being an entrepreneur, people have the complete flexibility to set work schedules that suit them the best. Also, working as an independent service provider gives you the freedom to choose who you want to work with, which isn’t an option for employees.
Entrepreneurs can always build a team or network of people they connect with instantly, which results in higher efficiency and better results.
3. Geographical Freedom
The era of digital transformation has made it easier for entrepreneurs and businessmen to adapt to an all-digital environment. You can choose businesses online and provide services to your clients, despite the geographical differences.
Many entrepreneurs exercise this freedom for their gain by choosing to live in Texas, Florida, Oklahoma, etc. where they have fewer day-to-day costs, property rent, and tax implications. This way, you don’t spend most of your earnings paying bills, handling your living expenses, and paying taxes.
4. Freedom Of Purpose
Last but not least, one of the most frequent dilemmas that regular workers face is a lack of purpose. But shifting towards entrepreneurship is all about pointing out inefficiencies around the world and solving them.
Besides, they also create income opportunities for others, alongside other contributions to society. This gives entrepreneurs a sense of purpose and encourages them to keep going – and that’s when people realize that entrepreneurship is more than just a career option; it’s a lifestyle.
Summing It Up
Everybody wants to have freedom, but only a few work hard to achieve it. Working 8-hour shifts on the payroll is always a viable option, but entrepreneurship makes you independent and gives you a purpose in life.
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