This is the first article in a 10-part series for recruiting professionals and entrepreneurs who are interested in joining the Lakeshore platform. To read more about this and other reasons to join Lakeshore, you can visit our series homepage.
Why do homeowners tend to treat their homes better than renters? There’s just something about ownership that motivates people to take better care of things and work hard to improve them. The same can be said for owning your own business.
When you own something, any effort you put into improving it has a lasting effect. On the flip side, if you let things slip, there is no one there to clean up after you. When you rent, there’s no pride in ownership – it doesn’t matter if you never mowed the lawn or had the best landscaping on the block. Being an employee can be a lot like renting. Whether you work as hard as you can or you let things slip, ultimately you have no true ownership over the work. One of the best perks of starting your own business is seeing the fruits of your labor add up. All the work you put in improves on something that is ultimately and permanently yours.
Did you know that more than 600,000 businesses are started each year in the United States? Yet for every American who actually starts a business, there are likely millions more who say they’re going to start their own business and then never do.
It’s time to take the leap and to take ownership of your career. People always have some degree of hesitation when it comes to owning their own business. But the fact is, there’s really never a bad time to launch a business.
Plus, owning your own business can bring a great amount of meaning to your life. According to a survey by The Journal of Business Venturing, 65% of entrepreneurs went into business at least in part because they wanted to achieve something and be recognized for it.
Ownership means recognition for all achievements which brings meaning, or purpose, which can really matter. It differs from happiness in that happiness is made of moment-to-moment pleasures, while meaning stems from an overarching sense of purpose.
Do you have a purpose as an employee? A purpose is like a path – it shows you where to go. Starting a business is a grand project. If you’re serious about it, then it immediately carries purpose.
As a business owner, you have the opportunity to choose to have a purpose. In fact, research has shown that when we choose for ourselves, we are far more committed to the outcome – by a factor of five to one.
That shows the power of ownership. It requires commitment. It builds character. It’ll bring out the best in you. People who own their own business and are committed to it have a strengthened sense of purpose. Freedom, pride, excitement and commitment collide to make meaning – that sense of purpose, drive, and overwhelming worth. Are you ready to have all of that in your life?
Digital Marketing Lead at Lakeshore