In Nigeria, it has become very essential for the youths and individual’s to go into entrepreneurship and Create job opportunities for themselves and also reduce the rate of unemployment in the society. Here, I have outlined the 10 Benefits Of being an entrepreneur in Nigeria.
Most people especially youths shy away from entrepreneurship because of the comfort zone of being paid monthly salary, and excuse of no sufficient capital to startup a business. But, they have failed to realize that one does not need much capital to startup a business in Nigeria.
In business world, an entrepreneur is a person who sets up a business by taking the financial risks in the hope of profit while entrepreneurship is the capacity and willingness to develop and manage a business with any of its risks in order to make a profit at the end.
10 Benefits Of being an entrepreneur in Nigeria
2. Huge profits
3. Opportunity to utilize your full potentials
4. More chance to try new options
5. Become an employer
6. Make a difference
7. Positive impact on the society
9. Build the future you want
10. Become a leader
Being an entrepreneur comes with Independence
Being the owner of a business firm comes with the freedom to own their business and gives you the opportunity to have your own vision. Entrepreneurship enables you to be able to reach your target and make good decision with the resources to the growth of the business.
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The objective of every businessman is to make profit that’s more than what one gets when working under someone. Making high profit is one of the factors that motivates people into taking up entrepreneurship. And owing a business is the best way towards accumulation of wealth.
Opportunity to utilize your full potentials
Finding joy in your work, helps you in actualization of your potentials and gives the ability to also utilize your potentials which gives you room for growth and expansion for success on the long run.
More chance to try new options
Being the owner of your business enables you to try new options that may lead to higher profits in the business. The ability to try new options is one of the secrets behind most successful businessman in Nigeria today.
Become an employer
As an entrepreneur, you’ll have the chance to employ the people you’ll work with because you are the one running your business.
Come to think of it, what happens when you can’t stand the people you work with and you have to put up with them because you don’t want to lose your job. But becoming an entrepreneur gives you the option to become the employer.
Make a differences
Becoming an entrepreneur gives you chance to make a difference by rendering quality service and giving people want they need to get over a hurdle and by doing that, you’ll also get to create a huge number of fans that will turn to become customers.
Positive impact on the society
Entrepreneurship gives room for new invention which can help the growth of people and make a positive impact on the society. You can be a problem solver through entrepreneurship, you’ll get impact live positively through rendering of good service or product.
Flexibility in business
One of the 10 benefits of becoming an entrepreneur in Nigeria is the flexibility factor. Working in for people holds you back from fulfilling all of your skills but entrepreneurs carry a different loaded agenda like being able to complete every single task that you propose yourself.
Being an entrepreneur helps you to make adjustments even if they appear to be last minute.
Build the future you want
A popular saying goes ” the best way to predict a future is to create it yourself ” and being an entrepreneur gives you room to build the future that you have always wanted.
Yes, so many things are happening in the society and economy policies are changing but as an entrepreneur, regardless of all these, you just have to make the future you want happen.
Become a leader
Entrepreneurs are seen as those that sets business trends and innovation in their own right. And these two of the qualities is what differentiates a leader from a follower.
Entrepreneurs are risks takers, so if you are thinking of starting your own business because of lack of job opportunity, consider the above listed 10 benefits of being an entrepreneur in Nigeria.