This ain’t your mama’s economy. Companies are looking for the cheapest workers while maximizing their productivity.  What does that mean for you? It means they will lay your ass off in a heartbeat.  The days where you give 30 years of your youth to a company and they reward you for your loyalty with a gold watch and a retirement pension are gone. You are on your own. So what can you do?  Cover your butt! Start your own business. Here are seven urgent reasons why you should start your own business (even if it is a side gig) now:

The only one who can fire you is you and of course your customers. The point is that you control your destiny. You don’t have to worry about a company dropping a pink slip or discovering your company closure announcement on the news.

If you are going to put in long hours you might as well put it your own business. We’ve all seen employees who put in long hours and given the best years of their life for a job only to hear they’re being laid off and replaced by a contractor, an overseas worker they have to train or a computer program. The point is to stop building someone else’s dream and start working on your own.

Multiple streams of income. Even if you don’t want to leave your 9 to 5, you can make money on the side. Your business doesn’t have to be big, but it can be big enough to bring in extra income for you and your family. Think about it like this; if your employer downsizes you will be OK because you have that additional income. Plus if you want to, you can expand your business.

Build a legacy. Starting a business means you something to pass on to your children or relatives. To me this is one of the most important reasons.  There is nothing more important to me than leaving a legacy for your family. I believe it is one of the main reasons we have multigenerational poverty. It is because we don’t have multigenerational wealth.

Unlimited income. YES UNLIMITED INCOME! Here is a secret. Employers are in the business of paying workers as low as possible unless you have a skill that is in need. If you own a business, you and the market decides your salary. The kicker is that you get what you give to your business. If you kick ass, your income like your future is limitless.

I have this need for independence. Don’t like anyone telling you what to do?I just hate the fact that adults have to ask another adult permission to take a day off because you are sick or want a vacation. I am an adult. Why should you tell me what to do and why should I have to ask for permission for anything?  The trade-off of course is you will work twice as hard and you are responsible for your business’ outcome. But to me it is worth it.

Ownership!! Your business is yours. No one owns it but you. You can shape it, mold it and create your business the way you want to. If you have shareholders then they own it too. The point is it is your baby.

Look, having a business isn’t easy. It means you will work twice as hard. It means you are accountable to your customers, employees, your family and of course yourself. It also means it is yours and there is nothing more freeing than owning your own and controlling your own destiny. You can do this. The hardest thing is to get started. Get started today. Check out the posts below and start your business today.

Five simple ways Black women can start a business or career for free
Are you a Black woman who wants to start a business but have no clue what kind? Answering these questions will help
You want to start a business and that is awesome. So where do we get our products?

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Thanks for reading. The only limit you have is the one you have placed on yourself. Think and be limitless.