If you ever thought about becoming a small business owner, then this article is for you. You'll learn everything you ever wanted to know about becoming a small business owner, where small business owners work, how much they get paid, what kind of additional in service training they need, how you can become a small business owner, some of the dangers involved in the job, when you can expect to retire and how you can make difference in the lives of the people you serve.
Your day is fully charged. You always work on new business plans to become successful. You also have to satisfy your clients, solve problems, hire, train and motivate employees.
They sell anything they want to sell. For example, someone that sells clothes in a boutique, someone that sells fresh smoothies on the beach and a lot more.
They usually wake up early to take time for themselves because once the day is started there is not much free time. Then, they take their phone calls, emails, messages. If that small business owner has a team of employees he should make some time to schedule a meeting with them to prepare before the opening of the store.
They work out of garages, small stores on Main Streets, and huge corporate campuses.
The most important is to have a good business plan this will be the road to your success. It is basically a description of your product or services, how you are going to finance your business, deadlines for your business and the ultimate goal. You also need to be organized because you will manage a lot of things. After that, you just have to be devoted in the good moments and in the bad ones.
It really depends on every single one of them but the average that statistics Canada gives is around $70 000 a year.
They will need training about customer service, leadership, financial management, soft skill's development and about marketing (marketing matters now more than ever).
Financial risk is one of the biggest dangers that they take because they don't have a fix salary, their salary comes with the effort they put in their business. Also, strategic risk because when you are new in this field you could get lost on what steps to take.
I think we are not close to replace small business owners because robots can't wet create new businesses. We need people that can think of strategic plans, organize everything so that clients will be satisfied. So, I'm sure that small business owners can still work and not stress about if they could be replaced by robots.
Then again it depends on the amount of work and success that that owner did. If he started at 20 years old for example and for 10 years he worked really hard he could retire at 30 if everything goes well. What I mean by that is he could have people working for him, so he doesn't have too.
I hope that I will be able to start a business as soon as possible and retire at a young age.
Rationale: to inform or educate
Authority: this author’s opinion
Date: still relevant
Relevance: relevant for this document
Rationale: to inform or educate
Authority: this author’s opinion
Date: still relevant
Relevance: relevant for this document