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Top 7 Reasons to Be a Business Owner
By Kathy Anderson
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With all the uncertainty there is still hope and ways of creating security for the future. The key is finding your passion in life and investing in your self. Starting your own business is one of those ways that can create many benefits. Here are the top ten reasons to be a business owner.
- Job Security. Business owners have job security. They never lay themselves off. As a matter of fact if business slows they have the option of doing what it takes to increase sales.
- Maximum Pay. Business owners choose their wage. They can create more business when they need or want more money. Employees work to make the business owner rich.
- Flexibility. Business owners can choose their work schedule. They can plan around family events such as weddings, ball games and school programs. Vacations can be incorporated into business trips.
- Control. Business owners are free from being told what to do and when to do it. There is no supervisor to answer to, judge them or look over their shoulders.
- Tax Benefits. Business owners have the advantage of more tax savings than employees. There are things that are deductible such as a home office which includes deducting a portion of utilities, insurance, taxes, interest and improvements. These expenses you would be paying for anyway, but if you have a business they can become tax deductible. This is just one example - there are many more.
- Retirement. In today's world, retirement is unsure and risky. People who have worked for the same company plan on a good retirement and then one day it is gone. Creating a business that you love can last long beyond retirement age. Business owners can train others to run their business and when they choose to retire, it can be with a good passive income.
- Product flexibility. An employee has to push whatever product the company says to. Business owners have the flexibility to change products and services according to the market. If a product or service becomes outdated or unpopular it is exciting to move on and keep up with the times.
Christopher Anderson wants to share his success as a business owner with others who desire to own their own business. He also believes that the economy is stronger with more business owners, and as a result, he is focused on helping business owners succeed. http://www.lonepeakbusiness.com
Article Submitted On: July 06, 2007