What is the best and worst reason to owning your own business?

what is the best and worst reason to owning your own business?


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Most Helpful Guy

  • You can't be terminated for running your own business. You make the rules and policies for how your own business will be. No worries about being laid off, or getting fired for whatever reason.

    The downside is, well not all businesses are really profitable or consistently profitable and no guarantees that your own business will make you enough income so that you will never have to work for someone else ever again.

    It takes a lot of time, effort, and energy to establish a good reputation for your business and a to build a loyal customer base that will continue to spend money on your products and/or services offered and/or advertised or promoted. There's always the risk of failure and you end up closing your business due to bankruptcy or something similar. It's best to form a partnership with people that are reliable, dependable, loyal, and trustworthy to establish a small business into something that have good potential for growth.

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Most Helpful Girl

  • Best part? You own your own business.
    Worst part? You own your own business.

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What Guys Said 2

  • Pros:
    - You're your own boss, independent, no one tells you what to do
    - You pocket the net profit which can be a substantial sum
    - You have freedom to choose the path the company takes
    - If you're good at it, you can build an empire

    Cons:
    - You face all the risks involved alone (unless in partnership)
    - Depending on where you live you can be paying ridiculus taxes
    - Little to no free time and lots of work
    - Have to deal with complete morons who try to rip you off 24/7

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  • I want to own my own business

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What Girls Said 0

The only opinion from girls was selected the Most Helpful Opinion!

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