It’s fun day Monday, so here we go with 10 reasons to start a business!
1. Because you love working half-days. And by half-days, I mean you get to pick which 12 hours to work each day.
2. You love that the buck stops with you. Of course, you also don’t love that often times you have no bucks in your bank account. Feast or famine is oftentimes a very real part of the early life of a business.
3. You can sleep in. By sleep in, I mean that after staying up until two or three in the morning working on a hot project or entertaining a client, you can set the alarm for 8 a.m. instead of 6 a.m.
4. You can stay up late. Well, actually you will often need to stay up late. During the day, you should be beating the bushes to find work, so that means at night – you guessed it – you’ll be doing the work.
5. Business lunches are tax deductible. Well, 50 percent of the lunch is tax deductible assuming you make a profit…
6. You can work from coffee shops. This is mainly so that you don’t go cuckoo working from home after you find yourself talking to the walls or any house pet that might happen to be around.
7. Glamorous business travel. You know all those cool conferences and meetings your boss and peers always got to attend? Now, you can too; if you can find a way to pay for them. And when you do find a way to pay for them, you won’t wonder why people sometimes take flights with two connections and stay in less than 4-star hotel properties.
8. You get to have a company car! It’s even a business deduction assuming you make a profit and are willing to do all the paperwork that goes along with the privilege.
9. 100 percent totally free healthcare. Well, not really. It’s a darn nice tax deduction if you structure it correctly. You’re just going to have to shell out a bunch of money every month in premiums. As a relatively healthy 47 year old, I’m spending about 2/3 of my monthly mortgage on health care. It’s a privilege I’m happy to have because I understand the real cost of the best health care in the world.
10. You set the company social media policy. Yes, that means you can say “poop,” “crap,” “pissed off” and even more colorful things in your blog posts on social media channels like Facebook and Twitter. Of course, you also get to deal with the consequences of such behavior.
In general, (and all kidding aside) when you start a business you get to find out what it’s really like to take care of yourself and your family. Sometimes that may even come off as a tad bit selfish to others but perhaps the ten items above can explain a bit of that attitude many small business owners exhibit.