According to the Bureau of Labor Statistics, approximately 11.7% of Californians were self-employed in 2015. A 2017 study has found that these business owners are happier than their employed counterparts. What drives so many people to choose this lifestyle and why does it impact happiness? In order to answer this, we need to look at some of the benefits of business ownership.
A TD Bank survey reports that 96% of small business owners identify flexibility as the primary benefit of small business ownership. A key driver of this feeling is the ability to manage their own schedule. Business owners are no longer told when they need to be at the office, and they gain the ability to allocate time to the things that matter the most in their lives.
A Linkedin poll indicated that more than 50% of employed mothers are hesitant about leaving work to satisfy family obligations. Regardless of reason, business owners have the freedom to tend to all their priorities when they choose. These priorities can range from family, to hobbies, to other projects outside of their primary income source.
Becoming a business owner changes the way people are paid. They no longer have a restrictive salary or limited hourly pay and the amount of income that they can receive in a year is not constricted. Instead of climbing a corporate ladder to increase salary, the world becomes the ladder and is unlimited in height. Entrepreneurs careers and financial futures aren’t in the hands of someone else anymore and are now under their control.
We’ve all had good ideas that we couldn’t act on. Becoming a business owner allows for those ideas to be seen to fruition. A 2013 survey of 246 CEOs indicated that 75% of respondents felt that innovation is equally or more important than operational effectiveness. Instead of following someone else’s direction, workdays revolve around the owner’s style. This allows for a truly customized approach to building a business.
Feeling satisfied by what someone does for others is a huge component to career satisfaction. When people think of insurance, they often don’t realize the value that insurance agents offer. The primary roles of an agent are to educate and provide peace of mind. Since the average person doesn’t have extensive insurance training, agents are there to fill the knowledge gap for the people that they seek to help. This allows their customers to understand their needs and be prepared for life’s challenges.
If you’re interested in living a happier lifestyle, I would like to share more information about how to become a Farmers Insurance Agent. Give us a call at 424-213-8900
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