Tzvi Odzer talks about the challenges and rewards of leadership and entrepreneurship.
There are many rewards when it comes to leadership and entrepreneurship. Starting an enterprise from the ground up brings a host of challenges but also has many perks. Entrepreneur Tzvi Odzer has started or helped start several companies and enjoys mentoring others with similar goals.
This article discusses the rewards of becoming an entrepreneur for those who are strongly considering starting their own business. Businesses fail every day, facing financial risks, bankruptcy, and competitive challenges. However, other businesses go on to succeed by having a realistic business plan and sticking to their original vision, says Tzvi Odzer.
By creating a strong business plan and understanding your target audience, you can watch your business grow and become the success you envision. Here are some other personal and professional benefits of going it on your own.
1. Tzvi Odzer Talks About the Rewarding Career of Entrepreneurs
Many entrepreneurs want to create their own opportunities. Some people try the corporate world and realize that it’s not for them. By choosing your products and services carefully, you can align your personal interests and beliefs while delivering value to your customers.
Let’s say you advocate social justice. Why not work with clients who specialize in that field? Additionally, if you are passionate about environmental activism, you can create a business with a low or no carbon footprint.
Instead of waiting for the perfect job to match your values and ethics, Tzvi Odzer says, create your own job and be your own boss at the same time!
2. Work-life Autonomy
Although starting a new company takes a lot of energy and time, it’s important to have a work-life balance. If you previously worked in a job that didn’t respect these boundaries, make sure that you do it right for yourself and anyone you hire advises Tzvi Odzer.
When you run the show, your engagement soars and typically so does your job satisfaction. It’s important to carve out personal time so that you can recharge and continue giving back to your business during the growing stage.
3. Leadership Experience
As an entrepreneur, you do so much more than run a business. Acting as a leader involves tapping into multiple talents and skills. Along the way, you learn how to mentor and motivate employees to improve productivity. Other essential and transferable skills that you pick up include time management, patience, effective communication, budgeting, and cost-benefit analysis, to name a few, according to Tzvi Odzer.
4. Choose Where You Work
You probably spend more time at work than you do at home on a typical weekday. Instead of settling for any place to spend the majority of your day, consider what would interest you enough to do it all day every day for months, years, or a lifetime.
If you run your business from home or a storefront, you probably won’t have to worry about the daily drudge of commuting to an office. You can catch up on paperwork, go to the neighborhood cafe, and work while you travel. Ultimately, it’s all about finding the right business for your lifestyle and goals.
5. Maintain Company Control
It may seem like numerous things can and will go wrong every day but, despite that, you actually have much more control as an entrepreneur than a typical worker. When you own a business, you can make the right decisions about key personnel, Tzvi Odzer notes.
Instead of fitting into whatever square or round hole corporations try to pin on you, recognize the freedom of working from home.
6. Flexible Schedule
You can still meet the needs of your customers without giving up flexibility. If you need to postpone opening up until 10:00 o’clock due to childcare or other reasons, owning your own business gives you the freedom to do that. Of course, it’s important to take into mind customer satisfaction and deadlines.
7. Building a Beneficial Network
As a leader and representative of your company, you are bound to meet many interesting people. This can also help you improve relationships with vendors and service providers, according to Tzvi Odzer.
Being an entrepreneur does not have to be a solitary process. Meeting other people in your business and comparing notes can help your enterprise thrive. So, build strong connections with as many people as possible to help improve your brand and professional image.
8. Pride and Satisfaction
At the end of the day, you can have the satisfaction of knowing you’re doing exactly what you set out to do. Rather than sitting behind a desk or standing behind the counter making someone else rich, you can take pride in building your own clientele and increasing your revenue, according to Tzvi Odzer.
Many businesses also give back to the local community. You can involve your employees, family, and friends in local events that benefit charitable organizations, for example.
9. Passing the Torch
Finally, when your business succeeds, you may find yourself wanting to pass along some of your knowledge and experience to the next generation. Whether that means training your kids to take over the business or finding a suitable new owner, you could pass the torch knowing that you did everything you could to provide for your family.
Creating something of value for future generations motivates many entrepreneurs, who claim this is one of the top reasons they wanted to do business in the first place.
As an entrepreneur, you are probably a natural problem solver. However, you also have to know when to put it in someone else’s hands. Whatever else happens, you will definitely grow as a person and professional following the changes you make.
This article details many of the advantages of becoming an entrepreneur, including the personal and financial gains of seeing your project begin to make money. From choosing a business that gives you a flexible schedule to working hard to mentor your employees, it may surprise you which portions of your leadership role you find the most fulfilling, says Tzvi Odzer.
