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Many potential entrepreneurs do want to start their own business and no doubt consider doing so year after year. However, starting your own business is a leap of faith. You have to give up a stable income to make your own business work. Whilst there are pitfalls with this strategy, there are also a lot of positives. Take the top 8 jobs with the fastest growing salaries for example. The financial aspect of running your own business can easily outstrip any salaried job.

The Fastest Growing Salaries

The jobs that are in the fastest growing salaries list are in demand at the moment and often do not have enough people working them to fill the demand. As such, wages rise in accordance with the need. At the moment, the following is the top 8 fastest growing salaries and their current level:

1. Chief Executive – $254,643
2. Physician / Surgeon – $247,536
3. Oral Surgeons – $211,766
4. Lawyer – $153,923
5. Sales Manager – $135,903
6. Financial Services Sales Agent – $130,385
7. Financial Manager – $128,910
8. Dentist – $122,883

If you think that these salaries are terrific then imagine what you could be earning if you worked for yourself.

The Benefits Of Self-Employment

There are many reasons as to why you could actually be financially better off if you started your own business rather than working for someone else. The majority of these reasons are inextricably linked to the benefits of self-employment. Some of them are found below:

· You control your own income rather than having a capped limit set on your earnings – Salaries are capped, as are bonuses much of the time, and so your earning limit is clearly defined. In order to get more money, you have to either switch jobs or get promotion. However, if you have your own business then the amount you earn is only limited by your own policies, procedures, product range and time limitations. As such, you can change any of the above to achieve a higher level of income at any time.
· You benefit from tax deductions – If you own your own business then you may end up paying less tax than if you earned the same amount of money from a salaried job. There are more tax deductions available to business owners than to the employed so you would earn more on that basis.
· You control the overall marketing plan of the business – Marketing is crucial to the progress of any business. If you market your business well then your earnings and profit margin can rise infinitely, as many entrepreneurs have proved in the past. You can gage what works and what does not and implement policies to reflect that. You are in complete control of your income and attracting customers in this way.
· There is no hierarchy to go through if you want to implement changes – You know whether something works and whether something does not. However, if you work in a large company or one owned by someone else then you have to go through all manner of procedures to get what you can see is wrong changed. It may be something simple. However, if you own your own business then it is easier to implement changes to maximize profit.

Of course, there are many more benefits to running your own business, but if you do want to earn more in the long term then owning your own business is definitely the way to go.