Has it ever happened that you think about stopping working for someone and open your own business? This is what you need to know!
At the start, it is very difficult! Statistic shows that Small business will earn a great profit only after two years.
They could sell items, courses or even services to clients
They could work in their store, on a garage for example or even at a desk with a computer. They don't have a particular workplace.
There are a multiples way to create a business, for example you can start by selling clothes or mooing the lawn of your neighbour.
The salary is based on the profit of the company, so it can be very high but it is not the only advantage of being an owner. There are few advantages of being self-employed! The biggest one is that you don't have any boss or manager, you are your own boss. You can have you own schedules and work when you want. The feeling of accomplishment is also a big advantage, if your business work your gonna be proud of yourself!
You can learn how to manage a business at the Montmorency College ins the business managing program.
The biggest disadvantage in my opinion is the unstable income, some week you can make a lot of profit and the other week you can lose money. You have to be prepared and put money on the side so you won't face bankruptcy.
There is not a lot of chances that this happen.
Some Owners will pass on the business to their children when they die or before that.
In this article I tell you what being a Small Business Owner is and what are the advantage and disadvantage. I hope you like it!
Rationale: to inform or educate
Authority: research journal
Date: still relevant
Accuracy: probably true
Relevance: tangential
Sources: cites sources