BUSINESS OWNERSHIP

Creating and owning a business is a desirable goal. It means being your own boss and making the important decisions. It also entails numerous responsibilities and issues that may arise.

ADVANTAGES

• As a business owner, you’re your own boss. You can’t get fired. More importantly, you have the freedom to make the decisions
• As a business owner, you’ll be able to work in a field that you really enjoy.
• You decide when and where you want to work.
• Running your own business gives you a chance to make more money than if you were employed by someone else.

DISADVANTAGES

• When you start up, you’ll undoubtedly be responsible for everything
• The financial resources needed to start and grow a business can be extensive.
• Being a business owner can be extremely stressful when things dont work.
• Running business is extremely time consuming and probably wont leave much room for other activities