Be your Own Boss

5 Reasons why you should start your own business:

Breaking the chains of corporate world and venturing out on your own is a challenge, however having the freedom to decide how to spend your time and what to spend your time doing, makes the risk ultimately worth it. Not convinced? Here are the top 5 reasons why you should become your own boss.

1. Creative Control 

You call the shots and make the decisions that ultimately determine the success or failure of your business. You spend around 80% of your life working so you should enjoy work and develop projects you are passionate about. The more time you spend generating creative thoughts, the better and faster you’ll be at doing it in a practical environment. Hating your job can set off a downward spiral affecting your personal life and your mental health.

2. Networking 

Your connections are no longer limited to the workplace. Become a communal creature and gain from adding connections to your network. You’ll have greater access to employers, mentors, employees and teachers, but also hobbyists and specialists. Bond with fellow entrepreneurs, by sharing common experiences and talk about the challenges only you’ll face in your line of work.

3. Job Security 

With entrepreneurship, job security lies in the fact that you are your own boss, eliminating the possibility of being downsized or fired. As the founder of a business, you’ll oversee all the decisions. You’re the ultimate source for accountability, and you’re the one who makes the rules. You run the show now.

4. Adaptability 

As an entrepreneur, you will be exposed to times of struggle and hardships whilst attempting to establish your brand’s identity. However, these experiences will teach you how to combat challenges and tackle obstacles in your way. You’ll also become more decisive and confident, and develop invaluable skills which you can carry throughout your life.

5. Rewarding 

We have to admit, being your own boss and starting your own business is not an easy path to follow, however it is worth the effort. At the end of the day, investing time in something you’re passionate about and seeing your business grow is truly a rewarding feeling.

Speak to Laferla for a free consultation, to learn more about business insurance policies available in Malta for sole traders, small businesses, corporate enterprises and all other types of businesses.

Laferla Insurance Agency Ltd is enrolled under the Insurance Intermediaries Act, 2006 to act as an Insurance Agent for Mapfre Middlesea plc (MMS). MMS is authorised by the Malta Financial Services Authority (MFSA) under the Insurance Business Act 1998. Both entities are regulated by the MFSA.