Start your own business before you expire.

Peter Kirimi Mburugu
Oct 24, 2019
5 min read

Updated: Nov 7, 2019

You could start out your career by seeking employment so as to raise capital for your start-up, raise funds to expand your start-up or even gain meaningful experience to run your start-up successful.

Why People Today Choose to be in Business?

The common reason why people get into business is because they seek financial independence and want to make money so as to raise their standards of living and societal status but let me point out some of the reasons why I always encourage everyone to have their very own start-ups and stay in business.

· Government policies

A majority of the people are forced to live on very low incomes and face very high tax rates.

Governments are broke because public officials are involved in corruption. Governments are faced with the high foreign debts that they have to pay back. As a result government cannot take care of its citizenry. Government cannot afford to even provide proper health services to its citizenry. It is time you started planning on taking care of yourself.

To grow and expand their economies, governments are continuously focused on growing the SME (small and medium enterprises) sector. Kenya in a World Bank survey report of 2018 on the ease of doing business moved up 19 places from position 80 to position 61 out of 160 countries ranked. This was attributed to many measures taken by the government to protect and strengthen the SME sector. These factors include strengthening access to credit and easing the process of paying taxes by merging all permits into one unified business permit. Other measures being undertaken include ease of registration of property, ease of transfer of property, ease of broader crossing and access to electricity.

Government public–private sector partnerships also work to grow private businesses. Governments want to partner with private businesses to start projects and provide services required by the citizens. Such policies and other government policies such as the implementation of the sustainable development goals, World Bank policies and IMF policies targeting business and economic growth in the country also help boost business growth in the country.

Governments will always offer incentives to encourage the growth of businesses including tax benefits.

· Personal growth

In business you get to follow your passion.

You get not to do tasks you consider boring and instead delegate them.

Your business allows your employees earn a living for themselves and their families. Other people get to realize their dreams through your business.

You get to set your own work time, work schedule and deadlines that you are comfortable with.

Once your business is well established, you get to have more spare time that you could spend with family and friends doing fun stuff.

You can earn more while in business by giving yourself a pay increment.

Your business will encourage many others to follow their dreams.

Business allows you to experience new cultures as you meet new people and travel.

You can choose where to work from. You can work from home, in a plane or a different state of your choice.

Business teaches you to be determined and stay focused on your goal. This helps you grow as a person and succeed in other fields such as sports.

Since you get to grow something from scratch you get to grow your self-esteem and confidence. You get to be proud of your successful venture. You will find pride and fulfillment in your business.

Business teaches you how to embrace failure. You learn that even if you do not succeed in a venture you get to learn new skills and gain more experience.

You can always have your office in a location of your choice either near your favorite coffee house or close to your gym or home.

When you are in business, you will have a bigger story to tell. How you started out, what you are doing or how you overcame the challenges. People will want to learn from your story and experiences. You will tell your story even to your grandchildren.

You get to have something to pass on to your son or daughter.

You get to set the rules even simple rules such as “no smoking in the business premises”.

My personal reason for getting into business is that I get to participate in community development and charity events of my choice by sharing part of the profit I make.

Your business is your asset and you can choose to sell it when times are hard.

You can choose to hire a manager and stop working.

You can always choose to have multiple ventures.

Resources you require for your start-up are available out there, from capital, qualified personnel, loans and technology.

· Career growth and skills building

Business allows you to grow your skills and experiences whenever you face new challenges each day.

You get to continuously improve on your skills and follow business trends.

Business forces you to learn new skills you never thought of or never thought possible to learn. Others will be self taught because you need the skills to survive in business. While in school, I was taught what is today described as traditional marketing such as the use of television ads, radio ads, billboards and newspaper ads. Today, most potential customers have their eye balls fixed on the different internet platforms such as blogs, websites and social media platforms such as face book and twitter. As a result I was forced and you will be forced to learn digital marketing.

Make use of your local library, informative websites on the internet and You Tube videos.

Reading about the success stories of those that came before you will give you more insight and ideas on how to succeed in your business.

Business allows you to build your brand. People will consult you for travel guide, cooking guide, tech guide or whatever it is you may be doing.

Business gives you an opportunity to get recognized and build a reputation. There are many different business awards out there.

Business allows for networking. You get to meet different people and share a wide range of experiences in various areas of business.

Business people are always willing to help upcoming entrepreneurs. You therefore get to meet mentors who have more experience in business and you also get to be a mentor to someone else.

Learning of their failures will enable you avoid making similar mistakes in your business, avoid unwanted costs and wasting time on unfruitful business ventures.

You get to have job security and as the boss you do not worry about being fired or being laid off.

The building of computers, cars and phones has changed the world. You too can change the world through your business.

A doctor does not always have to be a doctor because business always you to reinvent yourself and your career.

In business you get to be creative. You get to design and produce new innovative products and services that can help people and make their lives better.

You get to set your own work culture and work environment.

You can have your dream office even if you wanted a big and stylish one.

Once your business is well established, tasks get done faster as efficiency improves.

You get to be creative and find innovative ways of problem solving and finding opportunities.

Because you get to be consistent, you get to be an expert. People will seek you for your expertise; you will do interviews in public, develop a model or even write a book in your field.

You get to choose your own sells channel. Either online, offline or personal.

You get to hire who you want and build your own team.

You get to dive deeper into your field and discover new unexploited areas.

Your creative and innovation will help more your industry forward.