Saturday, March 24, 2012

What are the Pros And Cons of owning your own business? -

im doing a research paper on owning your own business, I would like to know the pros and cons of it. Thanks.

Some pros: You re the boss so there s no one to tell you what to do. You can potentially make a lot more money than being an employee of someone else if the business is successful. You can set your own hours (within limits).Some cons: If the business fails it s ultimately your responsibility. The hours are almost always long- usually longer than people expect. Income might be irregular - it s possible you ll be eating peanut butter every day in order to make the next payroll.

To properly understand the advantages of a business, we must first understand what exactly a business is. The phrase business can be defined as an organization that provides some form of good and service to a person or a group of persons. Being an entrepreneur is a fun task that I suggest that everyone takes on. The reason why I promote capitalism is: 1.)One can have an opportunity to change the world with the product or service.2.)A person can partake in something they love to do and get paid for itHopefully I have given you some very helpful tips concerning operating a business. As I previously stated that this is a journey that can truly be rewarding. However, this is an adventure that can be challenging and frustrating. Sample headaches include:1.)Thousands of dollars can be spent to promote ones hobby2.)A lot of hours will be required to make the commerce profitable

Cons: Employees Slow-paying clients Taxes Government regulationsPros: Clients, who pay in full and on time. You define your own job. What s not to love about that?

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