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There must be some reason why some 600,000+ new businesses are founded each year, right? Well, based on research conducted by myself, there are plenty of good reasons to run your own small business. Nearly 500 small business owners responded to the survey in which they were asked to name some of the reasons why they prefer to own their own small business as opposed to working as an employee for a larger company. What follows is a list of the 10 most common responses along with thoughts from some of the entrepreneurs who sent them

1. You Control Your Own Destiny

Many entrepreneurs consider themselves "Type-A" personalities, folks that like to take control and make decisions. In other words, owning a business saves them from having to work for anyone else. "One reason to own a small business is the ability to direct the culture of your company," This might be overwhelming for some and one must know when and how best to delegate. However, when you are able to make your own decisions about how best to operate day-to-day, this leads to creating a culture, a brand and an organisation."

2. You Can Find Your Own Work/Life Balance

One of the most oft-cited benefits of owning your own business is the flexibility that comes with it, whether that be working from wherever you want, setting your own hours, wearing a nightgown or even sitting next to your pet while you work.

Just as important, entrepreneurs say that owning their own business lets them set their priorities. "I make my own schedule, allowing me to spend time with the most important purpose in my life and the inspiration behind my company--my kids," says one business owner,

3. You Choose the People You Work With

When you work for someone else, you rarely get to choose whom you work with. If you don't like your co-workers you'd better start sending our resumes. That's not the case when you own your own business, since you get to make the decisions about who to hire (and fire). "Over the years, I've hired dozens of personal friends, family members and former business colleagues to work with me in different capacities. Why? Because they care about me. Surround yourself with positive people who give you the confidence and optimism you need to keep moving forward. Weed out the people that put out negative vibes. The smaller your organisation, the larger choice you have about who you work with."

4. You Take on the Risk – And Reap the Rewards

There's no question that owning your own business is a risky proposition. But, with risk comes reward. Said another way, the better you are at managing risk, the more rewards you can reap. "The thing I enjoy most about the company is playing the 'game' of business, "It's like combining high stakes poker with the greatest strategy game ever. There are an unlimited number of variables in almost every aspect of the company, and as soon as you think you have things under control in an area, everything changes. Specifically, I like having my own money at risk, then having to live with the consequences of my decisions (good or bad). Like every other great game, the more you play, the better you get. You learn to recognise good opportunities from bad ones.

You learn how to look like you are committed to new products, without actually financially committing to it until you have feedback and orders from your customers. You also learn to create exit strategies for bad situations and how to maximise the good ones. The most fun is to work on a project for several years with your team, overcoming all of the obstacles, and then millions of people enjoy it around the world."

5. You Can Challenge Yourself

Some people thrive on the routine of their job – performing the same tasks day after day. As an entrepreneur, you can bet that each day will be filled with new opportunities to challenge yourself, be creative and learn something new. "The great thing about owning a small business is I rarely experience the same day twice, "Because every day, I learn something new about the act of owning a business. Whether its something about taxes, about accounting, or the plethora of other things that go into running a company, I am always fascinated by the parts and pieces of knowledge that I learn every day just to keep the business on track."

6. You Can Follow Your Passion

Many entrepreneurs say the long hours they invest in growing their business doesn't feel like work because they're actually having fun in what they're doing. "For me, it was a very conscious choice to make a living doing what I love, "I figured I'd spend more hours of my life working than anything else I'd ever do, so why not make it my passion? I enjoy the satisfaction of promoting and supporting something I truly believe in; British crafts handmade in the UK."

7. You Can Get Things Done – Faster

Entrepreneurs as a whole seem to have an allergy to red tape. Rather than wait for approval – or for the guidebook to be written about how to do something – small business owners salivate at the chance to get things done. "Most large companies are too busy being big to be proactive," The best that most can do is react quicker than the other big companies when the wave comes at them. My company, on the other hand has the flexibility to be proactive, to run new things up the flagpole and be at the forefront of new products, techniques, or promotional strategies. Never underestimate the ability to truly be proactive."

8. You Can Connect With Your Clients

There are few things that get entrepreneurs as excited as when they get to interact with their customers. Rather than hiding behind a series of automated greetings, small business owners thrive on dealing one-on-one with their best clients – or making the decision to get rid of those customers they don't like. "You don't have to deal with customers who are jerks - you can even fire them," The customer is always right' and there are some rare instances where that is complete BS!"

9. You Can Give Back to Your Community

Many entrepreneurs love the idea that in building their business, they can give back to the community or communities they operate in the form of the products and services they offer, by donating to charities and especially the ability to create jobs, which is particularly important these days. "I take great pride in knowing that I'm solving a problem others have and creating opportunities for people to have jobs that they love," There's nothing more British than that."

10. You Feel Pride in Building Something of Your Own

One of the biggest differences in owning your own company as opposed to working for someone else is the sense of pride you establish in building something of your own. "There is nothing like being successful through your own leadership, abilities, ideas and efforts," Not only are there benefits from such self-actualisation – you also get to brag about what you do. "One really cool thing about owning a small business is that people are interested in you and your story," Not that I have some ego-maniacal need to talk about the business or myself all the time, but it's still nice that people are interested."

If you are now thinking you would like to run your own business, then feel free to visit www.mybizdaq.com or call us on 0113 468 1226 to discuss your options.

Why would I want to run my own business?

Ultimately, building your own business allows you to pursue your goals and ideals with greater independence and control. Personal fulfillment. For some, personal fulfillment might be seeing a new venture grow and succeed.

What are 5 reasons to start a business?

5 Reasons Why You Should Start a Business.

1. To have financial freedom. ... .

2. To solve a problem and do it better than anyone else. ... .

3. To pursue your passion and purpose. ... .

4. To have a flexible work schedule. ... .

5. To give back to the community and make an impact..

What is the best thing about running your own business?

Independence and Control When you build your own business, you do what you want, how you want, when you want. You develop the product or service to the level you think is best. You have systems and routines that work best for you.

Why do you want to run your own business answers?

Starting your own business can give you a more flexible lifestyle and schedule so you don't feel like you're running in circles on that corporate hamster wheel. You can opt to schedule meetings around your family schedule or you can opt to work from home – the sky's the limit when you're the boss.