Getting out of the employment world to strike things out on your own is rather one challenging endeavor. It is also a risky move. Not many people are daring enough to do it.

And out of those who did, only a handful of them achieved what they wanted. Many others would eventually go back to their previous comfort zone.

But minding your own business comes not without its own set of advantages. These advantages are rarely available, if any, if you are employed to work for others.

Here are some of them:

1. You control your own schedule

You can decide how you want to structure your work schedule. Some people perform at their peak during wee hours like 3 o’clock in the morning and if you tell your boss that you want to come at 2am instead of 9am, he might only allow you to do so after you break his jaw.

But since you’re on your own, you devise your own time. Best of all, you can change it as you please to accommodate changes in your need and any rise in emergency.

2. Get rid of bureaucracy, protocol and red tape

If you want to take leave, there is no more need for you to send an email to your boss, submit the application leave form and find someone to cover for your duty. By having your own business, you apply leave to yourself, and you approve it on your own. No forms to sign. No boss to beg.

Similarly, no one would want to condemn, charge or discipline you if you decide to come in to your office with a Hawaiian shirt, a sarong and a pair of sandals.

3. No one wants to reject your good proposal

Sometimes, when you work with people, you feel that you have come out with a brilliant idea to save the company’s expenses. Or better, you find a new niche that can potentially multiply the company’s profits in 2 years time. You propose to your management with full of enthusiasm. In the end, they don’t buy it.

“Too risky.”

“Taking too much time.”

“We don’t have the resources.”

Those are some of their excuses.

But with your own business, you don’t have to go through all that. In fact, you can approve your own proposal while you’re brushing your teeth in the morning. And before you know it, your plan is already being implemented while you are having your toasted bread during the breakfast, barely one hour after you finished your shower.

4. Your income may hit the roof

As a full time employee, your are guaranteed a fixed monthly income but your earning is pretty much linear. Whether you work 40 hours per week or 60 hours per week will not bring much difference. If you earn RM3,000 on March working as an Account Executive, in logic there is no possibility for you to be paid RM10,000 by the same company on April, working in the same job.

Even if your job comes with the sales based commission structure, there’s no guarantee you can bring more sales by spending more hours.

Being on your own, on the other hand, can make a whole lot of difference. By making adjustment here and there, you can possibly revolutionize the results, and in turn, your income can simply hit the roof. Practically, the sky will be your limit. Today you may earn RM1,000 but next month you may find yourself RM10,000 richer.

5. You’re creating assets for passive income

If done right, what you do in the present can become an invaluable asset which can pour you passive income for generations to come in the future. Today you probably wrote 1 or 2 pages of articles. In the next 6 months, you realize that your articles can now be compiled into a published book, which will give you royalty for as long as the book is in the book store shelves.

Also, your small, unknown company today may potentially become one of the major players in your industry in 6 years time. You have, by then taken a virtually a non-existing entity into becoming a powerful and respected brand. The brand can now be leverage for yet more successful ventures.

And if one day a giant corporation decides to buy your company, your ambition to embark on a world tour will materialize faster than you can imagine.

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Other posts you may want to read:

1. Are You Ready to Quit Your Job?
2. My Boss Does Not Approve My Leave
3. 20 Questions Before Starting a Business
4. 5 Advantages of Working From Home
5. Starting a Business? Really?