So you want to be your own boss?

Do you have what it takes to be an entrepreneur? Running the show, so to speak, is what drives many of us to take the road of business ownership. Other reasons for could be that you have taken an early retirement, a job lay off or just simply have always had the entrepreneurial blood in your genes. Whatever the reason, the investment of time, energy and financial resources are just the start on the road to success and like any role you take on there are bonuses and challenges. Take a look at the list below and decide for yourself how important each one is to you:



  • Satisfaction of creating your own Job

  • Opportunity to follow your hearts desire

  • Variety

  • Feeling of control

  • Opportunity to use your creativity

  • More tax deductions

  • Flexible work hours

  • No dress code

  • Opportunity for a healthier lifestyle



  • Long hours

  • No benefits

  • Loss of structure

  • Isolation

  • Paperwork

  • Unpredictable income

  • Constant pressure to keep sales up or work coming in

  • Potential for loss

What motivates entrepreneurs?

Why do people give up their day jobs to work for themselves? The following are some of the main reasons people give for starting their own businesses:


They feel they can do the job better than their boss

They seek the challenge of starting and nurturing a business from scratch

They seek variety and adventure

They want to make better use of their skills and knowledge

They want freedom to work in their own way

They would get more of a sense of accomplishment from running a business

They prefer to reap all profits from their work

They want to have more control over their career and their personal time

They want to recapture the feeling of working at something close to their heart


Notice that money is not at the top of the list! For most successful business people the prime motivation is personal fulfilment. Money is important only as a means to do more with their businesses and their lives. The hours can be long and the money takes time to build but the job satisfaction can be great.

To complete the 'Self Employment: Is it for me?' full assessment contact the RABC small business advisor by email

or phone 780 594 1090

toll free – 1 855 594 1010


MONDAY - 9 am to 3 pm

TUESDAY - 9 am to 3 pm

WEDNESDAY - 9 am to 3 pm
 to 3 pm

FRIDAY - By appointment only


  • RABC Cold Lake
  • RABC Cold Lake
  • RABC Cold Lake

Cold Lake, AB

Tel: (780) 812-6156


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