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Essay About Owning A Small Business

914 Words4 Pages

Within the American workforce, 50% of people work for one of the 28 million small businesses. Small business owners all have one common thought, success. Whether it is a business passed down from generation to generation or a young buck on his own, 63% of people go through a stage in their life where they plan on owning a small business (Sirisena). The thought of being a boss or even your own boss comes to a lot of people for the same reasons. A lot of small business entrepreneurs love their job because they get to connect with their clients, can live a comfortable life, and can take pride in achievements (“Top”). These benefits don't always come easy but, with hard work and determination owning a small business can be a very successful career.
Without knowing a lot about small businesses someone might not think a lot work goes into being successful, think again! A Lot of times business owner actually start in the field right alongside their future employees. In other cases a business could get bought out or started right from scratch. All these situations have the same amount of stress and hard work. Planning, …show more content…

There are a few other factors in the number of digits in the check. Expenses need to be managed daily, expenses include equipment price, size of shop or office, and how many employees are hired (“How”). Starting a business and maintaining a business can go hand in hand with spending money; advertising, promotion, supplies, and insurance all cost money (Morah). These all need to be reasonable for the size of the business and what it can afford (“How”). Starting salary could be completely different depending on the job. A person starting a new business is most likely not going to make much starting out unless they have a lot of money to put down. On the other hand, a person inheriting a business should start out pretty good because everything is already on

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