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Why Small Business? Investing in an uncertain economy

By Ron Peltier

If you have chosen this article and started reading it, you are at least partially interested in starting a small business. Maybe you are committed to buying a small business, starting your own small business or maybe you’re not entirely convinced. The reasons for getting involved in small business are many and vary from person to person.

Perhaps you are sick and tired of your current position and want to build something of your own. Maybe you have an interesting idea for a business that you simply know will do well, or you can improve an existing business with your idea. Or maybe it’s time for you to take more control over your financial situation. Whatever the case, you have made the right choice. Reviewing information regarding small business is important. As the success college basketball coach John Wooden said, “Failing to prepare is preparing to fail.”

Small business is an exciting and financially viable way to make a living. In fact, there are more than 22 million successful businesses operating in the U.S., employing 53 percent of the workforce. That’s a lot of successful small businesses, and there’s no reason you can’t be one of them with a little hard work and planning.

Autonomy, freedom, independence

We live in a capitalist society; in other words, we all need to make money to live. There’s no way around that. The question is how to make a living. You can work for someone else and earn a living. Many of us, however, do not like our jobs. Making a change is difficult, but gratifying in the end. You may also feel that it is time to take control over your financial situation for once and all.

When you go into business for yourself, you have the satisfaction of building something yourself. You are your boss. Set your own hours, make the important decisions—have a say. You are building something for yourself as opposed to working for the “man.” Seeing the efforts of your hard work come to fruition is gratifying.

So you are looking for an opportunity to have autonomy, freedom and independence. You are your own boss. And at the end of the day, once you have built up a profitable business, you can sell it. No matter what, you still have the business itself. This is simply not the case when you are working for someone else. If you no equity.

The Hamster Wheel Effect

Do you feel as though you work and work and get nowhere? It’s an endless cycle, like the hamster running in the hamster wheel. No matter how long, how hard, how fast you run, you always end up in the same place. By opening a small business, you have the opportunity get off the wheel and out of the cage. All the hard work you’ve done for someone else, you can start doing for yourself. No more spinning your wheels.

Coming Tomorrow
The small business investment and what you need to know to get started.