Hi! We all understand that managing your own business could be the dream of many. Needless to say, it cannot be denied there are some who will always start at the bottom. Meaning, you need to first start managing a small business. Being an owner of a small business should indeed be an honor, however combined with the advantages are some disadvantages. Let’s discuss these. Z! Go get the good qualities and cons! I enjoy getting the good qualities and cons for the besties!
First, it is simple to take up a small business. It actually takes 6-7 days to take up a business when you are in the US. So long you have all the requirements, there could be no problem. However, not totally all small businesses last long. Actually, there are no more than only 50% of small businesses that survive until their 5th year. Next, you are truly the boss of your business. However, because you are just starting, you have to work hard in order to allow it to be a success.
Normally, there are 72% of small company owners that are employed by a lot more than 40 hours a week. 54% are noted to work even if they are not feeling well. Third, once you’ve gained customers, all of your effort and hard work will undoubtedly be paid off. Accordingly, small company owners are 4x prone to become millionaires than those having traditional jobs. Also, once you’ve founded something on how you can successfully manage your organization, you will manage to work anytime you want.