Welcome to Mystic Train & Your Journey to Financial Freedom
It’s not everyone’s dream to be self-employed. Some people like the security of a job where they have paid holidays, vacations, health benefits, seniority, and security. The time we spend working takes up a huge part of our life. You want to spend that time doing something that makes you happy.
Advantages of owning your own business
On the other hand, if you value the opportunity to be creative, set your own work hours, do things your way, and possibly make a fortune, you may want to be an entrepreneur and own a business. Working for yourself allows you to invent, design, and market products and services that interest you. You are not spending each workday doing what the boss wants. You do what you want. You are following your dreams. You can be the best at what you do and get all the recognition and benefits. It is exciting to see other people show an interest in something you created. They even pay you for it. You may make more than you would as an employee. There is no one to hold you back.
I went through many jobs in my lifetime, some good and some bad, before I finally figured out that I didn’t want a job. I always envied small business owners who were independent, confident, and happy with their work. They were not struggling to get up in the morning, commute to work, and cross off another day on the calendar. They were living each day as if it was an exciting adventure. Their work was their life and it was what they wanted to do. When I finally started my own business, I never really “worked” another day in my life. Running my business is what I loved and wanted to do. It was where I wanted to spend my time.
Another perk for being a business owner is helping others. There is a certain satisfaction in creating jobs and helping people provide for themselves and their families. Also, you may enjoy becoming part of the community by being a sponsor for community events and donating charities. It is a win-win situation.
Don’t get me wrong. Owning a business can be demanding and stressful. The hours are usually long and when starting out the pay may be low or non-existent. Here are a few things you may want to consider before taking the plunge into self-employment.
Are you properly motivated?
Motivation is critical to success. If creating and managing your own business is not a burning desire, you may not make it. You may give up when the going gets rough. If your old 9 to 5 starts looking good again, you may take the easy way out. Being on your own is something you have to want to do, in spite of the lack of security. Make a list of reasons you want to be in business for yourself. Next, talk to business owners to do a reality check with your list. Do this before leaving your day job.
Are you determined?
Owning a business is not easy money, especially in the beginning. Many small business owners have lost their life savings or gone bankrupt. The ones who are able to keep their eyes focused on their goals and are willing to keep trying, no matter what it takes, have the one quality that is essential to succeed, and that is determination.
Being self-employed is the only legal way you can work for less than minimum wage. When starting your business, you may run out of money before you get on track for the big bucks. As Rudyard Kipling says in his famous poem “If”
Having enough money to keep going is essential in business. They call it cash flow, but when the cash doesn’t flow, you won’t be able to pay your bills. Employees will have to be laid off, vendors will not extend you any more credit, the electricity will be turned off and your business will be unable to continue. It is a terrible feeling. Before you start your business, do a careful inventory of the money you have available and how long it will last. Then double that. There are always surprises.
What about an online business?
There are many ways to be self-employed. One of the most common and lucrative is setting up an online business. There are few limits to what you can do. You can be local, international, technical, or social. You can start off with a small amount of money. Mystic Train is here to help you to accomplish your online business goals. We offer interesting and useful articles on building online businesses, making them grow, and earning money. You will find useful links to other resources, some of which you never knew existed. Welcome and enjoy what we have put together for you.