Dare to Dream: A Look Into the Pros and Cons of Self-Employment - Essay Sample

Introduction

There are countless articles warning people about self-employment, but almost none of them have enough experiences to elucidate the pros and cons of such a venture entirely. One article won't work out well for anyone, but for the sake of those who dream of jumping into self-employed lives or starting your own small business, it is a viable option for a lifetime occupation. It is quite interesting to be an entrepreneur as long a person learns what is required of the profession (Magazine & Mintzer, 2014). Many parties often tell entrepreneurs what to do. Customers, suppliers, government workers are always going to determine the lifespan of a business. The bottom line is that an individual does not have to (most of the time) do what you think when you own your own business. The business owner makes all the decisions. If these decisions are made right, this occupation will last a throughout a person's life.

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The various types of businesses-and so many different types of customers-are so diverse that it is impossible to give particular advice on the kind of business to start with. A person can only make that determination, but he or she should pick something you like to do to increase your chances of success at any age. Market and customer preferences always change with time, it is critical that an individual understands such dynamics. For instance, running an automobile part shop when you want to have a graphical design, is much harder (and much less enjoyable). This might lead to less motivation in engaging in the business and even giving up.

Trying to learn a new business or skill while working will bring much unnecessary pressure on your new enterprise and improve your chances of progress. Admittedly it may be helpful to run a barbershop, but a person may be more interested in starting a catering business and opening your bakery if you have spent the past ten years making pastries and have no experience cutting hair. A person won't be able to learn a whole new business, but before he or she gets could start blowing retirement money into a wood-burning pizza oven you should learn how to operate a pizza business. This concept brings a fundamental approach to business as a lifetime occupation. A person may get involved with other career paths as they work on their business. This applicability framework portrays how business ventures are relevant to improve the quality of life.

Budgetary forecasting that will assess how likely or unlikely a profit will be to turn is the best way to determine the potential profitability of your enterprise (Magazine & Mintzer, 2014). A person should learn what business best fits their mindset. In this manner, the longer he or she is affiliated with the business, the more they can understand what they need to handle the enterprise throughout their life. Starting a business or company can be frightening. Yet big rewards await entrepreneurs that are fortunate enough to build successful small companies. Although an individual can only decide if they are prepared to leave your job and go into business, some of the rewards of doing your own business are power, money and personal fulfilment. All of which are critical in improving the life of a person and how they relate to various factors in life.

References

Magazine, E., & Mintzer, R. (2014). Start Your Own e-Business: Your Step-By-Step Guide toSuccess. Irvine, CA: Entrepreneur Press.