being lured into an entrepreneurial lifestyle filled with flexible schedules, the ability to work from anywhere, and a chance to cherry-pick the projects that are of most interest to them. Considering all of the benefits of owning your own business, who wouldn’t want to hop on this train?
business, you’ll have less time for your personal life. You may put yourself in the position of using much of what you own as collateral to raise money for the business. If those sacrifices don’t sound too harrowing, consider these advantages and disadvantages of owning your own business....
I’ve spent a lot of years theoretically “being my own boss,” including more than 10 years as sole proprietor business planning consultant, working on my own with clients; and more than 10 years building a company, as founder and owner, working with employees. In my case, working to “...
Owning your own business doesn’t mean that you can’t benefit from employer-based tax-advantaged retirement programs. Self-employment 401k plans, for example, allow business owners to divert $18,000 of their salary to the plan in 2015 and have employer non-elective contributes that equal 50%...
Based on your skills and experience, starting your own business could be a viable option. The benefits of self-employment vs. being an employee If you’re debating whether to become self-employed or work for a company, here are a few things you should consider before making a decision. ...
Benefits of owning a small business Being a small business owner may be one of the toughest jobs, but it’s also one of the most rewarding. There are many benefits of small business ownership, and they often far outweigh the negatives. Independence When you own the business, you are the ...
Thinking of making your business cash-only? Assess the risks and rewards involved to find out if cash-only is the right choice for you and your business.
positive side, owning your own landscaping business provides you with a greater opportunity to earn more than you would be working for an already established landscaping business because you earn 100 percent of the price of a job instead of a portion of the company's profits or an hourly wage...
Opening a bakery can be an exciting prospect. But you must know the facts before taking the next step. In this blog post, we’ll cover some of the pros and cons of owning and running a bakery business. Pros of Starting Your Own Bakery ...
Buying Your Restaurant Premises Why might you decide to purchase premises for your restaurant? What are the downsides? In this section, we answer both of these questions. An Investment Property of any kind can represent a great asset for your business. As time goes by, your premises are likel...