Tuesday, August 01, 2006

The Pros and Cons of having your Own Business

Before you commence your enterprise, it’s extremely important that you evaluate both the rewards you earn and the risk you will encounter. You should carefully analyze the effect that business will have on your life. And now you should make examination of the pros and cons of self-employment.

Here are the main pros and cons of starting operating your own business:

Pros
1. You can be your own boss
2. The profits are all yours
3. Additional creativity
4. You can set your own hours
5. You can choose your employees and your customers
6. Tax advantages

Cons
1. Extended working hours
2. Lack of regular paycheque
3. Fear of failure
4 . Stress

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