Perhaps what most successful companies and CEOs fear most is that their business will fail or go bankrupt. There are many risks involved in investing in your own business, but there are also great rewards. Just the thought of failing and losing everything you’ve invested and put into a business—your time, energy, money, retirement funds—would daunt even the most courageous of entrepreneurs. But don’t worry too much about the statistics that say “50% of all businesses fail within the first two years” because with a great idea and a lot of skill, dedication and a little enthusiasm, you can turn your idea into a lucrative one. business. Read on to discover our top 5 reasons why you should start your own business.

For one thing, there is no such thing as “job security” anymore. We all know, and so do economists, that these days, the economy is shaky at best. Positions that have been stable and safe could now be let go at any time. The only thing you have full control over is your own business, since you are your own big boss. Not only has the corporate world changed, but even in a good and stable economy, you can only get so much done by working for a company and not being your own boss, which makes your own future more secure.

Second, starting your own business teaches you how to be efficient and get more with less. You make the most of everything you have. Your best resource is yourself and your business, so you know how to prioritize to succeed.

Third, any new venture carries a great deal of risk and gambling. Being your own boss means you are the key decision maker and have the power to truly transform your operations. It is up to you to decide how far and what you want to risk. No business has ever been very successful by playing it safe, so you have the key to innovate and be creative. There are lots of small, inexpensive ways to test your ideas, but the real advantage of starting your own business is that you can pitch your ideas and try different ones until you find the best approach, product, or method.

Fourth, imagine creating your dream job for yourself. Since you are the big boss, no one can tell you what to do, when to take time off, or how to do certain things. This is truly the most satisfying part of starting your own business. It allows you a great deal of freedom and is satisfying in every way. You have the power to make the necessary changes as you see fit, without having to answer to anyone.

Finally, the fifth reason why you should start your own small business is so that you can expand your knowledge. This can be done by running your business and even taking some accredited online courses so that you can run your business better. Online finance, marketing, accounting, and management classes give you the opportunity to implement new ideas into real-world applications. As the CEO of your own company, you can apply the knowledge gained through the virtual classroom in your business and test your ideas. Entrepreneurship is great and you write the rules of the game.