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Being Your Own Boss (PDF)

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Starting your own business requires careful planning and effort. Planning is the major factor for a business to be successful.

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									Being Your Own Boss

Being your own boss is the best way earn a great amount of money. To become the owner of your own
business provides you with the full amount of profit that you make. Here are some ideas how owning a
business benefits you:

1.      Benefits exclusively for you. All profits of the business are yours.

2.       Independence. As you know, you will have no employer directing your every move. Instead you
will have the autonomy to make your own decisions and be in charge of your own success. However,
there is a trade off. You may no longer have a single boss; you now will have many customers each of
which is your “new” boss.

3.      Develop creativity. Here you get a chance to be innovative and creative. Put your talents to good
use.

4.     Manageable work time. You will no longer need to punch a time clock or be accountable to
anyone but your customers. You control your time.

Who do we consider self-employed?

A self-employed person is someone who works solely for himself instead of having an employer, gaining
income from a business or trade operated solely by you. You are considered to be self-employed if you:

-       Pursue a trade or business as an independent contractor or sole proprietor.

-       A member of a partnership pursuing a trade or business.

There is an enormous risk in starting a business for you and many do not succeed. Before you enter into
this new venture make sure that you have thoroughly studied the pros and cons of having a business of
your own. With proper planning up front, eventually all your hard work will pay off.

Starting your own business requires careful planning and effort. Planning is the major factor for a
business to be successful. It may be tedious but the rewards are remarkable. It also entails thorough
examination and research.

Daniel H. Wright is a small business entrepreneur for 3 years. He started his business with weight loss
product being marketed on the web. Today he is now a successful business owner online.

								
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