Why You Should Become an Entrepreneur in 2020

Nearly everyone has thought that becoming an entrepreneur is a “nice idea” – but backtracked when they thought about the time and money that is inevitably required. However, you may not truly understand why putting the effort into becoming an entrepreneur would be worth it for you. The benefits of becoming an entrepreneur are endless, with the initial investment required (if any) being the most valuable money you’ll ever spend. Let’s take a look at a few reasons behind why you should become an entrepreneur in 2020 and see if we can change your mind.

If you are considering starting an online business, you have the potential to have complete location independence – meaning, you can truly work from anywhere in the world and not be tied down to a 50-kilometre radius. This gives you the freedom to travel, while your bank account continues to accumulate.

Kimanzi Constable of Entrepreneur.com expands on why this is the perfect opportunity for new experiences, that can ultimately contribute to your business:

There is truly no better feeling than being able to say you are the CEO of your own company – and while that title obviously comes with a ton of responsibility, it also comes with the most rewards.

Bakari Mustafa of Hungry Innovators talks about why increased pressure and responsibility is worth the end result on Thriveglobal.com:

“Entrepreneurship allows you to become the CEO of your own company. You have to handle more responsibility and pressure, but there’s no manager hounding you every day, nobody to blame you for things you didn’t do, and nobody to take credit for your achievements! Being your own boss is a truly liberating work experience, and one of the best ways to grow in your professional life.”

Financial independence is by far one of the top reasons why one chooses to become an entrepreneur – and while more often than not, the financial freedom that comes along with entrepreneurship does not happen overnight, it can eventually pay off huge with hard work.

Mike Templeman of Business Insider talks about financial freedom as an entrepreneur in 20 Reasons to Become an Entrepreneur:

“However you define financial independence – retirement stockpile, unlimited cash potential or having the money to buy what you want – entrepreneurship can allow you to achieve it. Trust me, money doesn’t buy happiness, but it does make finding happiness much easier.”

Looking to take the first steps in your entrepreneur journey and need a place to work that’s not your couch? Co-working spaces not only allow you to focus in a way you wouldn’t be able to do at home, but they encourage you to network with other entrepreneurs. Check out our co-working space here and claim your desk.

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