Reasons to start a business
By Sergio Mancilla
Making Money
A huge reason many people start businesses and one that can really benefit you is that you can make money out of it. Who wouldn’t want to earn a lot of money? If you start a business, you can start piling up the money you make from it. In a study made by the Wall Street Journal, the data shows the more money a person makes the happier they are. So not only can you make your money but you can increase how happy you are in your day to day life with it.
Lowering taxes
Taxes are evil, everyone dislikes them, but whether you still have to pay them or else you can commit tax fraud or tax evasion. However what if I told you that you can lower the amount of taxes that you pay because you own a business. You can deduct any business expenses saving you money, for example if your home is your work office you can deduct rent , some other items that you can deduct are capital expenses, and personal expenses. Who wouldn't want to pay the government less money.
Escaping the Rat race
The rat race is a word to describe how the competitiveness on the job between employees for upward mobility in the job market. Most people hate the “rat race” as they’re thoughts are strained and they are unhappy from working everyday 9-5 and getting a bad pay. With a business you can avoid the rat race because it's an alternative. Although stress will still probably happen you can gain pride, freedom and the feeling of accomplishment and satisfaction.
New experiences
With a business you can experience new things, you get the freedom to go to new places, try new foods and do new activities. Without new experiences life can get boring pretty fast you might even find new hobbies or even more business opportunities to invest in. If you don’t have a business you are going to have to work 9-5 job everyday for small pay and go through the same old boring things that you do everyday.
You won't know if you don't try
If we are too scared to start anything we will never become succesful at life. If you think you have a million dollar business idea and are scared of failing your future self would despise you and you can miss out on the potential success. You can make sure you don't 100% fail by trying your best . You will never ever know the outcome unless you try.
4th Mancilla Reasons to Star a Business
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Transcript
Reasons to start a business
By Sergio Mancilla
Making Money
A huge reason many people start businesses and one that can really benefit you is that you can make money out of it. Who wouldn’t want to earn a lot of money? If you start a business, you can start piling up the money you make from it. In a study made by the Wall Street Journal, the data shows the more money a person makes the happier they are. So not only can you make your money but you can increase how happy you are in your day to day life with it.
Lowering taxes
Taxes are evil, everyone dislikes them, but whether you still have to pay them or else you can commit tax fraud or tax evasion. However what if I told you that you can lower the amount of taxes that you pay because you own a business. You can deduct any business expenses saving you money, for example if your home is your work office you can deduct rent , some other items that you can deduct are capital expenses, and personal expenses. Who wouldn't want to pay the government less money.
Escaping the Rat race
The rat race is a word to describe how the competitiveness on the job between employees for upward mobility in the job market. Most people hate the “rat race” as they’re thoughts are strained and they are unhappy from working everyday 9-5 and getting a bad pay. With a business you can avoid the rat race because it's an alternative. Although stress will still probably happen you can gain pride, freedom and the feeling of accomplishment and satisfaction.
New experiences
With a business you can experience new things, you get the freedom to go to new places, try new foods and do new activities. Without new experiences life can get boring pretty fast you might even find new hobbies or even more business opportunities to invest in. If you don’t have a business you are going to have to work 9-5 job everyday for small pay and go through the same old boring things that you do everyday.
You won't know if you don't try
If we are too scared to start anything we will never become succesful at life. If you think you have a million dollar business idea and are scared of failing your future self would despise you and you can miss out on the potential success. You can make sure you don't 100% fail by trying your best . You will never ever know the outcome unless you try.