What do you think of owning your own business?

Pixabay
By Hope
@1hopefulman (45425)
Canada
August 14, 2018 1:14pm CST
Have you ever thought of owning your own business or working for yourself or being your own boss? Did you ever work for yourself? Do you like or dislike the idea and why? What are the advantages and disadvantages?
19 people like this
22 responses
@Kandae11 (50189)
14 Aug 18
I work for myself and I see no real disadvantages so far.
6 people like this
@1hopefulman (45425)
• Canada
14 Aug 18
How long have you been working for yourself?
2 people like this
@JudyEv (300118)
• Rockingham, Australia
15 Aug 18
While being your own boss sounds good, there are also a few disadvantages. If you have employees you have to organise your holidays around when they want theirs - if you want to keep them. If you're on your own, if you're not working, you're not earning so holidays, days off here and there become difficult to program.
5 people like this
@1hopefulman (45425)
• Canada
16 Aug 18
Yes, there are challenges! Being a business person has its positives and negatives.
1 person likes this
@youless (109373)
• Guangzhou, China
15 Aug 18
It sounds cool but also there will be a big pressure at the same time.
4 people like this
@1hopefulman (45425)
• Canada
16 Aug 18
Yes, there are challenges and it is not for everybody.
1 person likes this
@SIMPLYD (90836)
• Philippines
15 Aug 18
I think I am not for business. I did a lot of small businesses before and they all failed. They are just small ones in the office. I sell them bags and clothings on credit for 30 days. It's hard to ask for payments when they fall due.
4 people like this
@1hopefulman (45425)
• Canada
16 Aug 18
Well, at least you tried!
1 person likes this
@1hopefulman (45425)
• Canada
24 Aug 18
@db20747 Yes, at times it is wiser to deal with strangers than with friends that take advantage of us.
2 people like this
@db20747 (41640)
• Washington, District Of Columbia
23 Aug 18
Yes asking 4 payments is tough!!! Especially if they R your friends!!!
2 people like this
@LadyDuck (425752)
• Switzerland
15 Aug 18
I have worked with my husband during all my life and we had our own business. Working for yourself is more exhausting that working for a Boss. I cannot count how many times we have worked 7 days a week and a lot more than 8 hours a day.
4 people like this
@1hopefulman (45425)
• Canada
16 Aug 18
I see! If you were starting your life over again, would you choose a job over a business?
1 person likes this
@1hopefulman (45425)
• Canada
16 Aug 18
@LadyDuck So, in spite of all the challenges and long hours, having your own business was still worth it for you?
1 person likes this
@LadyDuck (425752)
• Switzerland
16 Aug 18
@1hopefulman No, I prefer to work more hours but to be free do decide to take a short vacation when tourists are not around.
1 person likes this
@JohnRoberts (112031)
• Los Angeles, California
14 Aug 18
It depends on the business and if it's just yourself or employees what the degree of headaches would be.
4 people like this
@1hopefulman (45425)
• Canada
14 Aug 18
Yes, it would depend on whether you liked the business. Have you even had a business or hoped to have one?
2 people like this
@1hopefulman (45425)
• Canada
16 Aug 18
1 person likes this
@JohnRoberts (112031)
• Los Angeles, California
14 Aug 18
@1hopefulman No, I have not.
2 people like this
@buenavida (10011)
• Sweden
14 Aug 18
I started a small business when I got a little pension - started with photo and food spplements, but am now selling mostly health products that have helped me and others.. am not earning much but together with healthy food, the food supplements help me feel much younger and help my memory, and it is worth more than earnings.
2 people like this
@buenavida (10011)
• Sweden
16 Aug 18
@1hopefulman Thanks to listening to the scientist from Neolife I have also learned why we need good fats, as they let in the vitamins and minerals into our cells. The cell membrane consists of fats, and it is necessary to eat right fats, like Omega3 and other cold pressed fats like coconut oil and olive oil and nuts etc Fermented foods - yogurt and sauerkraut etc with good bacteria help our digestion to keep us healthy.. Now, thanks to my job, I can sell AcidophilusPlus and help others with getting their digestion working better
1 person likes this
@1hopefulman (45425)
• Canada
16 Aug 18
Very nice! It's good to do things that make us happy.
1 person likes this
@1hopefulman (45425)
• Canada
16 Aug 18
@buenavida Yes, many people need to know how to eat properly and take care of their health.
1 person likes this
@ptrikha_2 (41242)
• India
16 Aug 18
I sometimes think of doing so. However own business involves risk and one first needs to keep some margin in case one's business idea is not successful. Yet if one's business gets off successfully, there is nothing like it.
2 people like this
@1hopefulman (45425)
• Canada
16 Aug 18
Yes, we need some skill at managing things so that we succeed.
@kprofgames (3096)
• United States
16 Aug 18
I was in business for myself for several years. It's a catch 22 really. Mainly because regardless of what business you have, you need clients/customers. Self promoting can be hard and take years to establish. I enjoyed what I did, but it can be a headache with paperwork, keeping records, taxes and any other expenses you have. Unless you buy into a business that already has clients/customer base, it can be a long haul to gain ground and credibility.
3 people like this
@1hopefulman (45425)
• Canada
16 Aug 18
For sure! Are you still working for yourself?
@1hopefulman (45425)
• Canada
17 Aug 18
@kprofgames There are plusses and minuses to everyting but family takes priority. I have quit jobs when they interfered with family life. I have always loved the freedom of working my own schedule.
• United States
17 Aug 18
@1hopefulman No, I had to move to another area for a better school district. I couldn't do the commute so found a replacement for all my clients. It was a very hard choice, but had to put my children first here. I do and don't enjoy working for a company again. The overtime, paid vacation and perks like that are always appreciated, but I REALLY miss setting my own schedule. I was a very hard transition.
1 person likes this
@caopaopao (12736)
• China
15 Aug 18
I never thought about owning my own business. Because I have a fixed job. And I don't have the ability to do business.
4 people like this
@1hopefulman (45425)
• Canada
16 Aug 18
One is wise to do what they are capable of doing, as going beyond our abilities can be disastrous.
1 person likes this
@Freelanzer (10826)
• Canada
16 Aug 18
I have always owned my own business even when I worked full time. I just like being my own boss plain and simple I was never good at following orders. The only disadvantage is that I never felt I could make a living and raise a family full time on it. Of course I never tried.
2 people like this
@1hopefulman (45425)
• Canada
16 Aug 18
Yes, some of us don't like to have someone else tell us what to do. We want to be free!
1 person likes this
@MoonMaa (542)
• United States
15 Aug 18
I think owning your own business is great. There are so many businesses you can do online.
2 people like this
@1hopefulman (45425)
• Canada
16 Aug 18
Yes, there are some advantages such as you can decide the hours you will work.
1 person likes this
@Janet357 (76385)
15 Aug 18
well i did, so fair share of failures and success but i'm enjoying it.
2 people like this
@1hopefulman (45425)
• Canada
16 Aug 18
What business are doing at this time?
• Philippines
15 Aug 18
I would like to have my own business someday, a milk tea shop or cafe. But for now, I have to save so I could make it happen.
3 people like this
@1hopefulman (45425)
• Canada
16 Aug 18
I wish you success in your future goal!
1 person likes this
• Philippines
9 Sep 18
@1hopefulman Thank you, Hope.
1 person likes this
@rsa101 (36637)
• Philippines
17 Sep 18
Oh yeah I always think that someday I would own mine. But I think it remains a dream to date. I think that remains to be seen until I would find enough fund to ran it. It is good to ran your own business it means freedom from time to manage it on your own. You can direct it on your own. Disadvantages of it are although you control the management of it it will take your time in a different way. For employed you just work and you will have salary every 15th and 30th of the month. In being an entrepreneur there is no guaranteed amount that you will hit your sales target. It will depend on you and your employees performance. Your time will be devoted in managing the company and always keeping watch on the capital of the business if it still is capable of maintaining the employees.
1 person likes this
@rsa101 (36637)
• Philippines
17 Sep 18
@1hopefulman Risks are everywhere indeed and you won't be knowing how the business will go 10 years and beyond.
1 person likes this
@rsa101 (36637)
• Philippines
18 Sep 18
@1hopefulman Sometimes there are people who are good at it and there are those that are fitted to become and employee.
1 person likes this
@1hopefulman (45425)
• Canada
17 Sep 18
@rsa101 Yes, life isa risk and we still need to live. I did my part in taking risks in starting a number of little businesses and, over all, I learned so much.
1 person likes this
@xstitcher (26696)
• Petaluma, California
8 Sep 18
Well, I've tried -- I have a shop on Etsy but I haven't sold much. I would love it if it were my primary business.
1 person likes this
@1hopefulman (45425)
• Canada
9 Sep 18
I hope you find a way to make the business a success!
@1hopefulman (45425)
• Canada
9 Sep 18
@xstitcher Keep at it!
1 person likes this
@xstitcher (26696)
• Petaluma, California
9 Sep 18
@1hopefulman It would be nice.
1 person likes this
@db20747 (41640)
• Washington, District Of Columbia
23 Aug 18
The idea is a good one if U can get business!!! That seems 2 be my problem!!! Getting business!!!
1 person likes this
@1hopefulman (45425)
• Canada
24 Aug 18
Keep trying and one day you will hit on the right one.
@Hannihar (125952)
• Israel
7 Sep 18
@1hopefulman Yes i am self-employed. I love being my own boss. Advantages do not have to answer to someone and do not have to fight to get paid. Finding the right business and then finding clients is hard.
1 person likes this
@1hopefulman (45425)
• Canada
7 Sep 18
Interesting What services or products do you deal with?
1 person likes this
@1hopefulman (45425)
• Canada
9 Sep 18
@Hannihar Thanks! I got the message!
1 person likes this
@Hannihar (125952)
• Israel
9 Sep 18
@1hopefulman I cannot write here so will PM you.
1 person likes this
@dgobucks226 (31951)
22 Aug 18
Working for yourself takes a lot of effort. Your wearing many hats but only earning one salary for the hours you put in. It really must be a labor of love and many start ups fail. I worked as an independent contractor part time during summers as both a golf and tennis instructor. I was able to set my own hours which was advantage, however, I still relied on the organization I worked with for clients. Another problem small business owners encounter is the restrictive regulations they will face.
1 person likes this
@1hopefulman (45425)
• Canada
22 Aug 18
Yes, it is not easy but when something worked I found many advantages. I loved that I had nobody telling me what to do and I could work my own schedule.
1 person likes this
@dgobucks226 (31951)
23 Aug 18
@1hopefulman That definitely are advantages to envy
1 person likes this
@ZedSmart (19780)
• Philippines
15 Aug 18
I also like owning a business in the coming years. Particularly in the food service industry. If I already have enough capital then I would probably start. I believe that it is better than retiring from your employment. Your management responsibility may not be easy but, I still think that there are advantage than being an employee forever.
2 people like this
@1hopefulman (45425)
• Canada
16 Aug 18
Yes, there are some advantages when we own the business if things go well.