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10 Benefits Of Entrepreneurship

Yes! It can be frustrating and annoying after spending 4 – 6 years in the tertiary institution (depending on their choice of career), plus the ASUU strike saga and not secure a good job.

After graduating from the tertiary Institution, serving your father’s land with all zeal and happiness, and you end up not getting the white collar job you long desired for.

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One will agree with me that there is a need for the youths and individual’s to go into entrepreneurship to create job opportunities for themselves, to reduce the rate of unemployment and also impact lives positively.

Read Also: Nigerian Startup Bags Award at BMCE Bank of Africa’s African Entrepreneurship Award

10 Benefits Of Entrepreneurship
Entrepreneurship – Photo Source: https://www.cs.columbia.edu

In addition, there is also need for those who don’t find fulfillment in the 9 – 5 job to venture into something they enjoy doing to create the future they have ever wanted.

The idea or the mindset behind starting up one’s business is called ENTREPRENEURSHIP. Most people shy away from entrepreneurship because they either enjoy staying in their comfort zone of being paid monthly, no sufficient capital to startup a business or they are not ready for the stress involved.

However, most people fail to realize that one does not need to have so much to startup a business. Most of the multinational companies we see around started small, overtime the passion and the drive pushed them further to the present height they are now.

An entrepreneur is a person who sets up a business or businesses, taking financial risks in the hope of profit while Entrepreneurship is the capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit.

Read Also: Role of Entrepreneurship on Wealth Creation in Nigeria

Entrepreneurship has its own benefits, 10 of which are:

1. Independence And Opportunity To Own Your Business

Owning a firm or a business enables the entrepreneur with the freedom to own their business. It gives them the opportunity to have vision and be able to reach their target and enable them to make good decision because they give all their resources to the growth of the business.

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2. To Get Huge Profits

The aim of every business is to reap profit that one won’t be able to get while working under someone. Reaping high profit is one of the motivating factors that enables people take up entrepreneurship. Owning a business is the best way towards accumulation of wealth.

Read Also: 14 Factors Affecting Entrepreneurship in Nigeria

3. Deliver Your Full Potentials

Once you find your work very enjoyable, it gives rooms for actualization of your potentials and ability to deliver your potentials well .This gives room for growth and expansion and it gives room for success on the long run.

4. Gives Room To Pursue Their Interests

Most entrepreneurs don’t believe their work to be “actual” work because they go for their interests. Due to that, they are able to enjoy and deliver well and reach their target because they enjoy what they do.

5. Select Who You Work With

Entrepreneurship gives room for you to pick the set of people to work with because you are the one running your show.

Working a typical 9-to-5 job, it’s not really up to you to determine these things. What if you just can’t stand the people you work with? Are you just going to put up with them because you don’t want to lose your job? Becoming an entrepreneur gives you more options.

6. Solve Problems And Make A Difference In The Process

Solving a problem for people by rendering quality service. Give people want they need to get over a hurdle and you’ll enjoy success.

By doing that, you’ll also create a huge number of raving fans that will ultimately become customers. People want to do business with people that help them. It’s a no-brainer.

Read Also: 9 essential entrepreneurial skills for small business success

7 Affect Life Positively

Being an entrepreneur gives room for new invention, new way of thinking which can help the growth of people.
One can be a problem solver through this medium and impact live positively through rendering of good service or product.

8. Flexibility

Let’s face the truth, one of the most attractive aspects of being an entrepreneur is the flexibility factor. Flexibility in this context means that you’re not on a set schedule.

Being tied down to just one area holds you back from fulfilling all of your skills. Entrepreneurs carry a loaded agenda. You want to be able to complete every single task that you propose yourself and being flexible optimizes the chances of that happening.

Life throws curve balls at you and being an entrepreneur allows you to make adjustments, even if they appear to be last minute.

9. Give Room to Create Your Future

The best way to predict a future is to create it. Entrepreneurship gives you room to create the future that you have always created in your head.

Different things are happening everywhere, economy policies are changing but as an entrepreneur regardless of the things happening around they just have to make the future they have created happen. They try as much as possible to create the future.

Read Also: 10 Avoidable Mistakes Entrepreneurs Make and Solutions to Them

10. An Entrepreneur Is Seen As Leader

An entrepreneur is seen in the eyes of many as a figure that sets trends and innovates in their own right. These are just two of the qualities that separate a leader from a follower.

Leaders take risks and hustle. A follower simply goes with the flow of the river. A leader asks questions while a follower aimlessly looks for answers. Being a leader can be a double-edged sword.

Yes, it can make or break you but the thrill of being in the driver’s seat on the road to life should be plenty of motivation to succeed.

So are you contemplating starting your own business because of lack of job opportunity or you’re tired of the 9 to 5 job?

Go ahead and create that job of your dream…

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Young,creative,a deep thinker. I am a writer,media communication expert . I love history and Yes! I love to write and talk,its the best way to express myself. I find fulfilment in impacting lives through spoken and written words. InfoGuide Nigeria is a team of Resource Persons and Consultants led by Ifiokobong Ibanga. Page maintained by Ifiokobong Ibanga. If you need a personal assistance on this topic, kindly contact us.

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