How Business Ownership Can Improve Your Quality of Life
At some point most people will consider whether they should leave their full-time job to start their own business. But not everyone has that special something that makes them an entrepreneur. It takes persistence, self-reliance, hard work, problem solving skills, and more. While there are many pros and cons to business ownership, overall, it can improve your quality of life.
Be Your Own Boss
One of the most common reasons that entrepreneurs start their own business is to be their own boss. In fact, a bad boss may be the person most responsible for your desire to break out on your own. A recent survey found that 84 percent of workers said bad bosses create unnecessary work and stress for their employees.
On the other hand, you’ve probably learned some important lessons from good bosses at every stage of your career. So, business ownership can give you the independence and control to utilize the skills you’ve learned from excellent bosses and to avoid repeating the mistakes of bosses who failed to bring their teams together to get the job done.
Being your own boss means calling the shots about which products or services your business will offer. You’ll also have greater control over the way work is done and who you hire to be part of your successful team.
Control Your Work-Life Balance
The type of business you decide to buy will determine your work schedule. Restaurants, coffee shops, and other consumer-focused businesses will mean lots of nights and weekends, which may work best for your family’s schedule and quality of life.
Business to business companies, who provide goods and services to other corporations, have more traditional 9 to 5 weekday schedules. For example, Image360, a B2B visual communications business franchise, is open Monday through Friday, 8:30 a.m. to 5:30 p.m. so you can enjoy your evenings and weekends with your family!
Outstanding Earning Potential
When you’re getting an annual pay raise and maybe the occasional bonus from a full-time corporate job, you may not feel like you’re being paid what you’re worth. In business ownership, there’s no salary cap on how much money you can earn. Just as you’re in control of key product and staffing decisions, you’re also in control of your earning potential.
Opportunity for Growth
While your professional experience is key to owning a successful business, it’s impossible to be an expert on every aspect of business ownership. That’s why many entrepreneurs with diverse business backgrounds consider franchising. It has the benefits of small business ownership with the backing and support of a proven business model. So, someone with an impressive sales background can become successful in a new industry with the right training and support.
As your business grows and thrives, so will your business empire. Image360 franchise owners can review and adjust space needs every 3-5 years to account for growth and capacity needs. Having all your equipment and staff in one place, along with one set of expenses, is very attractive to our owners.
Build a Legacy for Your Family
Business ownership is a personal journey and one that you may want to take with a spouse or a child. While some believe that going into business with a family member is not a good idea, others believe that a family-owned business could be the secret ingredient to their success.
For many entrepreneurs, building a business that your son or daughter will take over and run someday is very enticing. It’s satisfying to know that your hard work now could impact the quality of life for the next generation.
Making the Final Decision
Are you ready to become an entrepreneur and blaze your own trail as a business owner? At Image360, we value business ownership and quality of life for our franchisees. Not convinced? Don’t take our word for it. Hear from our successful franchise owners and what they have to say about their Image360 experience.
For more than 25 years, we have been thriving in the visual communication services industry. Our franchise model attracts entrepreneurs from many different business backgrounds who all want to work with a prosperous franchisor with an attractive business model.
To learn more about the Image360 franchise opportunity, contact us today.