By Bizna Brand Anlyst

There must be some reason why millions of new businesses are founded each year, right? What’s the allure of being your own boss?Well, here are reasons why running your own business is the best decision you can ever make.

1. You control your own destiny

Many entrepreneurs consider themselves “Type-A” personalities, folks that like to take control and make decisions. In other words, owning a business saves them from having to work for anyone else. One reason to own a small business is the ability to direct the culture of your company. When you’re in the driver’s seat, you are making the decisions on how best to steer your company into the future. This might be overwhelming for some and one must know when and how best to delegate. However, when you are able to make your own decisions about how best to operate day-to-day, this leads to creating a culture, a brand and an organization.
2. You can find your own work/life balance

One of the most oft-cited benefits of owning your own business is the flexibility that comes with it, whether that be working from wherever you want, setting your own hours, wearing a nightgown or even sitting next to your pet while you work. Just as important, entrepreneurs say that owning their own business lets them set their priorities.

3. You get to choose the people you work with

When you work for someone else, you rarely get to choose whom you work with. That’s not the case when you own your own business, since you get to make the decisions about who to hire (and fire). You simply surround yourself with positive people who give you the confidence and optimism you need to keep moving forward and weed out the people that put out negative vibes. The smaller your organization, the larger choice you have about who you work with.

4. You take on the risk – and reap the rewards

There’s no question that owning your own business is a risky proposition. But, with risk comes reward. Said another way, the better you are at managing risk, the more rewards you can reap.  You learn to recognize good opportunities from bad ones. You learn how to look like you are committed to new products, without actually financially committing to it until you have feedback and orders from your customers. You also learn to create exit strategies for bad situations and how to maximize the good ones. The most fun is to work on a project for several years with your team, overcoming all of the obstacles, and then millions of people enjoy it around the world.

5. You can challenge yourself

Some people thrive on the routine of their job – performing the same tasks day after day. As an entrepreneur, you can bet that each day will be filled with new opportunities to challenge yourself, be creative and learn something new. The great thing about owning a business is you rarely experience the same day twice. Because every day, you learn something new about the act of owning a business. Whether its something about taxes, about accounting, or the plethora of other things that go into running a company, you will always be fascinated by the parts and pieces of knowledge that you learn every day just to keep the business on track.

6. You can follow your passion

Many entrepreneurs say the long hours they invest in growing their business doesn’t feel like work because they’re actually having fun in what they’re doing.

7. You can get things done – faster

Rather than wait for permission – or for the guidebook to be written about how to do something – small business owners salivate at the chance to get things done. The fact that you have the freedom to do things whenever you want to do them makes you act fsater.

8.  You feel pride in building something of your own

One of the biggest differences in owning your own company  is the sense of pride you establish in building something of your own. There is nothing like being successful through your own leadership, abilities, ideas and efforts. Not only are there benefits from such self-actualization – you also get to brag about what you do. One really cool thing about owning a small business is that people are interested in you and your story. And you are alwyas happy to tell people about it again and again.