Numerous people are jealous of business owners, considering them as rich individuals
who can do whatever they want. Although, owning your own business furthermore is
a big responsibility. There are plenty of benefits and drawbacks of being self
–employed.
First and foremost, entrepreneurs who have their own business are independent and
they have financial gain. In other words they are their own bosses, they make the
decisions as well as they choose the employees and what work they will do. Last but
not least they decide what hours to work. In addition, entrepreneurship offers a greater
possibility of achieving significant financial rewards than working for someone else.
Owning your own business removes the income restraint that exists in being someone
else’s employee.
On the other hand, there are and many disadvantages of being self-employed. For
instance the time commitment. What I mean is that when someone opens his own
business, it’s likely, at least in the beginning, that they will have few employees.
This leaves all of the duties and responsibilities to the owner. Therefore, this time
commitment can place a strain on family and friends and add to the stress of
launching a new business venture. Even if the business has been structured to
minimize the risk and liability to the owner, risk can’t be completely eliminated. For
instance, if an individual leaves a secure job to follow an entrepreneurial dream and
the business fails, this financial setback can be hard to overcome.
In a nutshell, before someone starting a business it would be good to weigh the
advantages and disadvantages in order that to understand if he will able to cope with
all this.
Numerous
people
are jealous of
business
owners, considering them as rich individuals
who can do whatever they want.
Although
, owning your
own
business
furthermore
is
a
big
responsibility. There are
plenty
of benefits and drawbacks of being
self
–employed
.
First
and foremost, entrepreneurs who have their
own
business
are
independent and
they have financial gain.
In other words
they are their
own
bosses, they
make
the
decisions
as well
as they choose the employees and what work they will do. Last
but
not least they decide what hours to work.
In addition
, entrepreneurship offers a greater
possibility of achieving significant financial rewards than working for someone else.
Owning your
own
business
removes the income restraint that exists in being someone
else’s employee.
On the other hand
, there are and
many
disadvantages of being self-employed. For
instance the time commitment. What I mean is that when someone opens his
own
business, it’s likely, at least in the beginning, that they will have few employees.
This
leaves
all of the
duties and responsibilities to the owner.
Therefore
, this time
commitment can place a strain on family and friends and
add
to the
stress
of
launching a new
business
venture. Even if the
business
has
been structured
to
minimize the
risk
and liability to the owner,
risk
can’t be completely eliminated. For
instance, if an individual
leaves
a secure job to follow an entrepreneurial dream and
the
business
fails, this financial setback can be
hard
to overcome.
In a nutshell,
before
someone starting a
business
it would be
good
to weigh the
advantages and disadvantages in order that to understand if he
will able
to cope with
all this.