With more than 600,000 businesses registered in 2015 alone, the urge to start a business doesn’t look like it’s slowing down any time soon.
We asked three of our loan recipients why starting a business and being your own boss could be the best thing you’ll ever do.
One of the most important reasons many cite for running their own business is the freedom that it allows.
“It doesn’t come without effort but ultimately you’re free to make your own decisions and you’re free to succeed.”
– John Magill, Powderkeg Brewery
Being your own boss allows you to work from anywhere at any time and allows flexibility if you have children, needy pets or just don’t like the traditional 9-5 working hours. Where else would you have a commute that’s just a flight of stairs? However, it’s not all roses; your business success is reliant on yourself, not others, and this can mean long hours.
Nothing is more fulfilling than experiencing success with your very own business. Starting up allows you to build a company which you can take a huge amount of pride in.
“Starting my own business is one of the most exciting, rewarding and challenging things I have ever done.”
– Paula Francis, PK Performance
While the challenge of building a vibrant business may be large it ensures that when your hard work and dedication pays off, success tastes that much sweeter. It is also much easier to motivate yourself when you are working on something you believe in.
Have you ever grown tired of being stuck in the same role, doing the same thing day after day, week after week? That certainly isn’t a problem for our Start Up Loan recipients.
“The best thing about running a small business is that you learn so much about your own strengths. Every day is different and I am challenged in new ways, but getting through those challenges and working out solutions for myself without being told how is the best feeling.”
– Katie Sargent, Utta Nutta
Thinking of starting a business? Check out our free online courses in partnership with the Open University on being an entrepreneur.
Our free Learn with Start Up Loans courses opens in new window include:
- Entrepreneurship – from ideas to reality
- First steps in innovation and entrepreneurship opens in new window
- Entrepreneurial behaviour opens in new window
Plus free courses on finance and accounting, project management, and leadership.
Reference to any organisation, business and event on this page does not constitute an endorsement or recommendation from the British Business Bank or the UK Government. Whilst we make reasonable efforts to keep the information on this page up to date, we do not guarantee or warrant (implied or otherwise) that it is current, accurate or complete. The information is intended for general information purposes only and does not take into account your personal situation, nor does it constitute legal, financial, tax or other professional advice. You should always consider whether the information is applicable to your particular circumstances and, where appropriate, seek professional or specialist advice or support.