Why quitting your job to start a business is good for you!
New research
by Xero shows that quitting your job and starting your own business can
make you happier and healthier.
Toying
with the idea of leaving the safety of paid employment and starting your own
business? It could be a better idea than you think.
Not only
will you enjoy more flexibility (no more asking for the morning off for sports
day, or calling to ask for the day off because your child is sick – you can
just take it off!) but you could even increase your happiness and enjoy
better health.
Xero spoke to 1,000 Uk entrepreneurs
Cloud-based accounting software
company Xero recently conducted a survey of more than 1,000 UK
entrepreneurs and discovered that:
o
95% said they were happier running their own
business.
o
90% said they enjoyed a better quality of life
working for themselves.
o
83% reported lower stress levels.
o
86% said working for themselves had improved
their health and wellbeing.
And the
benefits didn’t just stop there. The research found that entrepreneurs’
families are also better off, with 88% saying they enjoy a better home life
with their partner and family than before, and 57% saying they have better
flexibility around their family and life commitments.
Serial
entrepreneur and Chairman of Start-up Loans James Caan CBE, believes the
findings help to explain the rising number of people starting their own
businesses:
“It’s fantastic that more and more people are
setting up their own businesses and a key factor in this is the increasing
number of tools on hand to help. Technology is such an important factor in the
success of a business and its influence cannot be underestimated.”
Technology helps you work smarter
Many of
today’s businesses rely heavily on technology and gadgets to operate
efficiently, productively and flexibly, with many entrepreneurs working from a
range of locations including their homes, cafes, co-working spaces and even on
holiday!
By being
clever with technology, and choosing options like cloud-based accountancy,
you can simplify your systems and finances, giving you the
freedom and flexibility to focus on what you’re passionate about and good
at.
Gary
Turner, managing director of Xero, says the continual advancement in technology
for business is key to supporting UK entrepreneurs:
“In recent years there’s been huge growth in
cloud-based business and financial tools that help to take the headache out of
running a business, better enabling those with an entrepreneurial spirit to
take the leap and go out on their own.
We’re also seeing a commitment from government to
streamline a number of mundane processes for small businesses, from banking to
submitting tax returns. This will no doubt ease the pain and make entrepreneurs
happier and therefore more successful.”
How can you start a happy business?
Feeling
more positive about making the leap to working for yourself? To ensure your
business meets your emotional needs, Xero has worked with Dr Robert
Holden, best-selling author and renowned happiness expert, to find five
requirements for making your business a happy one:
1. Have a vision – knowing what you’re working for
helps you take pride in your work and focus on your goals.
2. Good relationships – make sure you have honest and
clear communications with your employees, clients and customers to help keep
them happy too.
3. Freedom and flexibility – having a good work life balance
and being able to enjoy your free time or family occasions with flexible hours
helps you to manage your workload and do your best job.
4. Growth and investment – learning new skills and helping
others to do the same encourages engagement and excitement.
5. Creativity – it’s not just about coming up with new ideas, but
also allowing yourself and your team to be creative and using the right tools
to do this.
Need more help to start a business?
If you
need more advice or encouragement to help you start your own business, you
may find these articles helpful:
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