Across the country, there are millions of small businesses and, according to the Census Bureau, these companies account for 55 percent of all jobs in America. There are many reasons Americans choose to work for small businesses, but owning one of these companies has a few perks of its own. While many businesses are still recovering from the impact of the recession, small businesses are still helping breathe life back into the economy. Here are some of the top reasons to be a small business owner:
Realizing a vision
If you’re a business owner, one of the best parts is being able to put your ideas into action. Being an entrepreneur is hard work and most small business owners find that they end up doing a variety of tasks, at least for the first few years of their business. For many people, however, it is a dream come true to be the boss and see a vision become real.
Being the boss means making the rules yourself. From finding small business loans to making other major life decisions, you have more space to do what you want as an owner. This is particularly beneficial for people with families, who want to travel or need to take care of a family member. Being able to expand or scale back on your business is, well, your business.
Taking the risk and the reward
When you build something on your own, you take a risk. But when your business starts to expand with more working capital to grow operations, you can also reap the rewards. As a business owner, you have to distinguish good opportunities from bad ones, particularly when it comes to finances. Overcoming these obstacles is a challenge, but one that many find ultimately fulfilling.