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Is your mood tied to your profits?

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  • #16
    A lot of readers might not have actually taken the jump into being a business owner. What would you tell someone who hasn't made the jump yet are some of the advantages or disadvantages that you have found?
    Everyone has their own reasons for being a business owner. I think Steve makes some very good points, some I will repeat. For me the advantages are;

    - greater income potential.
    - more flexibility.
    - sense of pride and accomplishment.
    - better control of my future.
    - plus of course the tax advantages ( I'm in Canada so they are somewhat different than the US)

    Disadvantages for me are;

    - work longer hours.
    - more headaches.
    - sometimes more stressful.
    - more responsibilities, such as employees, books, community involvement etc.

    Lloyd

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