Creating a business to achieve freedom sounds completely logical, especially when you’re currently working a job where you’re not treated well.
Going into business for yourself looks like the ultimate way to gain your freedom. You can be your own boss, set your own hours, hire your own team, and you won’t have to answer to anyone else.
That might be true, but when freedom is your sole motivation, your business is more likely to fail. Here are 3 reasons why:
- Your business may not produce your definition of freedom
This is the biggest point to consider. Your definition of freedom might never be fulfilled by your business. It’s important to know exactly how you define “freedom” so you don’t run yourself in circles for decades chasing an impossible goal.
Some people define freedom as the ability to do whatever they want, whenever they want. This is a dangerous and unattainable definition. Even if you had all the money in the world, you wouldn’t be exempt from the rules and laws that govern society. You’d still have to wait in line at the airport, schedule an appointment with the chiropractor, and put gas in your car. You’d have to pay taxes, follow traffic laws, and deal with parking tickets.
Deeply contemplate what freedom means to you; define it as specifically as you can. Also, define precisely how your business will provide you with that freedom. If creating a business won’t fulfill your definition of freedom, don’t start the business.
- Your willingness to meet your immediate needs might be crippled
When you’re focused only on freedom, you’re more likely to make poor short-term decisions. For example, if your definition of freedom is not having a boss breathing down your neck, you’re probably not going to get a job, no matter how much you need one.
If having a job while you build your business contradicts your definition of freedom, you’ll get backed into a corner by unpaid bills; by that time, it will be too late.
When freedom is your goal, establish a healthy balance in your decision making. Prioritize both short-term and long-term goals. See the bigger picture and recognize that meeting your immediate needs is part of meeting your future needs. That might include not quitting your day job.
- You’ll generate unreliable income
When freedom is your main motivation for being in business, you’re more likely to get involved in scams, and other illegitimate systems for generating income. You’ll be focused on quick solutions promising instant returns.
You’ll spend a lot of money on tools, strategies, courses, coaches, and techniques that won’t always work as promised.
With inconsistent income, you can’t grow your business. You can’t hire a team and you can’t start long-term projects that require significant capital.
You also can’t buy a high-end engagement ring on inconsistent income. If marriage is part of your life plan, having a reliable stream of income might be a deal breaker.
It’s time to reevaluate what you really want
The media has been selling the world on the idea that freedom means having money, fancy cars, boats, luxury homes, private jets, and all the time in the world to golf. If this is your idea of freedom, you’re chasing an impossible dream.
When you define freedom as never having to work again, you’ll be forever chasing multi-millionaire status, thinking money will be your ticket to freedom. You’ll chase money for decades, putting off your life in the process.
When you redefine freedom as having the ability to do what you love to do, you’ll be motivated to build a business around your passion. That’s the type of business that generates success.
Don’t set yourself up for perpetual unhappiness with an undefined, unattainable goal. As one author points out, “It’s good to have goals. It’s good to always want something, right? But, the key is to enjoy the journey, and always love the stage you are in currently. There will always be something bigger or greater that you could achieve. Once you achieve it, though, it doesn’t mean that all the challenges will cease to exist.”
Redefine freedom as happiness. Build your life around your passion and enjoy the journey.